Internal Environment of the Paragon Banking Group

Consultancy Name: Instructor: Course: Institution: Date: Introduction The Paragon Banking Group is among the largest mortgage and personal loans providers in the United Kingdom. As a mortgage lender, the company mainly focuses on large landlords who have vast tracts of land, and primarily rent their properties to students. When it comes to offering loans, the organization provides loans on behalf of the third parties. Adding on to the list of achievements, the Company is a component of the FTSE 250 Index and is also listed on the London Stock Exchange. The company was started in 1995, under the name, National Home Loans Corporation. After two years, the company changed the name to Paragon Group of Companies. The Paragon Bank, which provides services such as lending and saving account through the internet, was launched in 2014. Three years later, in 2017, the company changed its name again to Paragon Banking Group PLC. This change aimed to indulge fully into the banking business so that they can offer specialist lending services, which are not provided by the other mainstream banks. The essay discusses the company's strategic position, a set of recommendations to address the issues identified in the Paragon Banking Group and an evidence-informed implementation strategy. Internal Environment of the Paragon Banking Group Most of the lending functions of the bank supplement the other businesses. For instance, in cases where the company wants to develop properties, some of the involved parties may be their customers. As a result, both parties have a lot to gain from the business. There is potential for fast growth, which serves as an added advantage to the industry. The company has employees who help take the company to the next level. For example, there is the Learning and Developing Team in the Human Resource sector. This team is charged with the responsibility of making sure that all the team members and workers in the company are qualified to perform their specific tasks in a professional way (Worldwide 2014, p 1). New workers in the company are taken under the wing of the operational training team, which coaches and trains them on their respective roles in the organization. This is aimed at making sure all the workers feel comfortable and get used to the new working environment. It is common for people to feel pressured when working in such a big company. On the other hand, there is a management developing team in place that is in charge of the management population. This means that the team is supposed to make sure that the managers are guided so that they can work effectively. All these teams show how the company has braced itself to face any trouble that may arise in the organization. For example, most new workers in a company do not know what to do during their first week. As a result, many of them end up messing things and the schedules in the company. The Paragon Banking Group is, however, not ready to deal with all the problems. This is because it could affect the company in different ways. There is a team responsible for making sure the managers perform their functions well. A common occurrence in most companies is that most people tend to feel powerful when they are in high positions. This may jeopardize the operation...