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how Crises initiates change triggers
Change Management- Events that triggered massive change Fannie Mae and Freddie Mac story-Mortgage and Finance industry - The USA A notable example for causing Changes in the way reporting and compliance are done is that of Fannie Mae, Freddie Mac in the USA. The Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) are the government-sponsored enterprises (GSEs) devoted to housing and hold dominant positions in the U.S. mortgage market. They hold over 50% collective ownership or guarantee of all outstanding mortgages in the United States, including a huge share of subprime mortgages. The subprime crisis was man-made chaotic situation created in 2008 that affected the entire mortgage industry in the USA, when home mortgage loans were approved once again by greedy financial compa...
Leadership skill assessment
What do great leaders have in common ? They have a life of strong principles . They have complete faith in followers . They have ability to inspire people to deliver superior performance. They continually keep challenging. They push back till hey get the best. They have always a winning attitude and the “big picture” ready. They always set example. Have some unique personal attributes to demonstrate so that others want to emulate Leaders are passionate about whatever they undertake; No half hearted efforts.They always radiate high energy Never a dull moment ; they can energise everyone around by sheer presence . Have clarity of goals;results matter not efforts ;they have good oratory and public speaking skills They exhibit Care and concern for their follower's security to ensure that no follower feels insecure. They Recognize followers as often as possible Mentoring followers they educate and upgrade skills all the time They exhibit servic...
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