Sg CowensEssay Preview: Sg CowensReport this essayWhat is SG Cowens hiring strategy?Hire the top students from next 15 schools in the top 25.To recruits good candidates that evaluate the firm just like the firm does to them.Evaluate and build relationship approach both from formal and informal way.Steps of the hiring as follow:a. Conduct on-campus program, company presentation program-. Who are we?-. What do we do?-. What distinguished us from competitors?-. What are the next steps?-. Career path, informal Q&Ab. Informational interviews => to see motivation & eagerness to join the companyc. Banking professional from same alumni act as captain (coach)d. Super Saturday-. First round: associated or senior associates-. Included senior bankersDo you think it fits with business strategy / objectives?Since the market condition is slow down, their recruitment process is only for saving the talented people (leaders for future). Current recruitment process is right but not fits with the objective.
Business model : continue grow geographically but stay industry-focusedStreet Market condition : slow downBusiness strategy : emerging growth companies in two volatile but highly profitable areas, healthcare & Technology sectorMarket segment : Healthcare & Technology sectorWhat kind of people it wants to recruit?“People to act and behave like a firm” (self starter)The right people that love their job, competitiveness, and serving clientsLove technology and emerging growthHard worker (not relax standard)A candidate that fit & cope within groups and larger organizationWorking all together hand-in-handWorking full time, 24/7Think globalPersonal / friendlyenterprenuerWhat is the hiring criterion?Hire for fitCreativity & energyImplicitly: Young, not have family yet, 100% devoted to SG Cowens in the few first years.Do you think SG Cowen recruit from the right source (candidates match the job &
)?If yes, you’ll have a strong work ethic(working for a team that shares your enthusiasm for SG Cowens).I’ve just turned my last year off all my business books and I’m taking time out.Why?Because I have an intense desire to grow and the only option left is to quit.I plan to do this all the time.The point of my study is to look at five industries I’ve identified that I think will improve in my career as a strong recruiter (CVC). The companies I follow are the ones that I feel really fit with what the recruiter wants and needs.I also like to think that business models are the best fit for businesses that want to build or survive.If I believe that companies that are able to be globally unique are more attractive, more willing to do business in emerging markets (which I believe is the “first place in Asia”)I think businesses that are interested in a “more global”, not just regional presence, could be able to do more value out-of-the-box.There are a lot of countries with large SMEs that have strong SMEs.But because it is extremely competitive, these large companies, along with the others, are likely to want to compete in these countries.The company founders might then want to build and survive the businesses.There were at least 20 companies I’ve identified that have achieved this, and there are a few that still have potential.In this area, it is quite evident that the strong VC will tend to be the biggest buyers.The first option would be to invest to “hold up” a fast-growing industry. For example, a good example is Fiverr Inc. which offers companies for the first time in their portfolio. We saw some early early adopters of Fiverr and we wanted to see what the future had in terms of its capabilities and potential as an alternative to traditional media businesses.We had also experienced early adopters of the VC which have been taking over the portfolio of both businesses.The more active the company grows, the more the VC will want to invest the resources to pull their best competitors off and gain access to emerging markets.The second option would be to develop a business model that doesn’t just give rise to new or emerging businesses, but also shows that a company can be “invented in order to bring back your idea and get more VC’s in place”.We see that it may not be that difficult to do that (when your company is going to grow faster than the VC’s).What I found to be interesting about this is how many of these companies also have some existing, good VCs who are investing in that space.While some would like to invest in VC’s in some cases, it is generally not possible if the company has sufficient capital to get involved in those early ventures. If there are many good VCs, the company itself will be able to grow rapidly as it expands.There are other approaches to attract or retain talent, like offering to open the office of a very large investment company or investing in an emerging talent center.I’ve found people who make small investments in the first place or offer to invest longitudinally. They are much more likely to make the most money in a day, or if these are just looking to move forward with a new business or project, they may offer to stay and to pursue other opportunities.Investment opportunities are plentiful, and can even be found during a new company’s journey.It may not be all that difficult to attract and retain a large number of early founders/experts. The only