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After multiple interviews and discussion with the board, the President made an offer to Patel.
Here are the reasons he gave:
Banking knowledge: Patel had excellent knowledge of the banking community and had built strong relationships with many local banks. The President viewed these relationships as key to a start up company that would be seeking to partner with a bank for its financial support.
Investment Expertise: Patel’s background in bank management gave him the experience needed to effectively manage large investment funds.
Knowledge of the Retail Franchise Marketplace: Patel had many years of experience working with retail locations. He understood the key areas where controls were needed to guarantee success in areas such as inventory expense control, collections and prevention of theft. He had experience working with credit card companies and negotiating rates for service.
Knowledge of the company’s niche: Patel had knowledge of petroleum as well as retail. He had taken many training courses with various employers and had been certified on multiple systems.
This new company will get off to a great start and build the financial foundation for a successful future with Patel’s guidance.
Be on the lookout for the next "Who Gets Hired?" case study!