Challenges and Opportunities of the Organizations Assignment

Challenges and Opportunities of the Organizations - Assignment Example Accepting money from the Mexican drug dealers helps in satisfying its business goals as the deal increases deposits for loaning. Involvement of the organization in money laundering activity is leading to the likelihood of it incurring a fine of $700 million. Another challenge facing the organization relates to lack of proper marketing focus. This element has led the company to face legal suites. The business is also on the verge of compensating some of its clients who lost money through uncertain schemes that it initiated. For instance, the organization is setting aside $1.3 billion for compensating victims of improper insurance selling. With proper marketing focus, the organization would be able to identify and detect the problem and avoid the associated losses. Additionally, the business is poised to incur bills in payment of the damages for the alleged misinformation about its American consumer-finance business. The organization is also under scrutiny for violation of mortgage foreclosure rules, which will see it compensate customers that lost investments in the scheme of Bernard Madoff Ponzi. Despite the challenges faced, the organization enjoys some opportunities that it can exploit and develop to improve its condition. One of the opportunities relates to the growth experienced in the marketing markets, which has the potential to increase profitability. The business already has a big name in the banking and financial industry. It only needs to correct its tainted image and will manage to gain acceptance in the emerging markets. Another opportunity relates to the low-interest rates that the organization offers on mortgages. The organization can take advantage of its recognition as offering low-interest rates on mortgages to expand its market share and revenues.