Deadline Approaching for the 2012 Capital One® Case Competition
Submitted by Tommy Cornelis on October 4, 2012
This is a guest blog post from Capital One Campus.
Are you a problem solver? Do you have innovative ideas? Are you ready for a challenge and a chance to win $1,000? If so, join Capital One in our continued reinvention of the financial services industry by participating in the 2012 Capital One Case Competition.
What is it?
In this case competition, we will ask you to use your analytical, creative, and problem solving skills to develop an innovative and exciting new banking product.
Microcredit is the practice of lending small amounts of money to individuals or small businesses that would likely not have access to credit through traditional banking channels. This type of lending can take many forms (person-to-person, institution-to-person, etc). In many developing countries, these small loans are viewed as tools that create valuable economic opportunities. In the United States this form of lending is often either done on a not-for-profit basis or in a manner that many consider predatory lending.
Consider that you work for Capital One and that your Vice President (VP) has asked you to look into the possibility of entering the microcredit business. Your VP is not interested in entering any business that can be construed as predatory but also wants to be able to turn a profit. In particular, your VP would like you to design a product proposal that balances three factors:
- The business must produce sustainable profitability.
- The product must meet the needs of the customer.
- Any practices associated with the product must be accepted by the public.
How do I participate?
1. Organize a team comprised of three (3) students currently enrolled as freshmen, sophomores or juniors in a full-time undergraduate program at an accredited college or university in the United States.
2. Register by 5pm EST on Friday, October 19, 2012, by emailing Kelly Birmingham at firstname.lastname@example.org
3. Submit your initial proposal by 11:59pm EST on Sunday, October 28, 2012.
Finalists will present to a group of executives at our corporate headquarters in Plano, TX on Friday, November 30, 2012. Each member of the winning team will receive a prize of $1,000. For complete competition contest rules, please email Charlie Boisky, Campus Programs Manager, at Charlie.Boisky@capitalone.com
NO PURCHASE NECESSARY TO ENTER OR WIN. Winning team will be chosen by a panel of judges based on creativity, clarity, and analytical ability. Open to teams of three students currently enrolled as freshmen, sophomores, or juniors in a full-time undergraduate program at The University of Texas at Austin, Wellesley University, Brigham Young University, The University of Notre Dame, Stanford University, Texas A&M University, and Rice University. All participants must be US citizens who are 18 years or older. Void where prohibited. Offered by Capital One Bank (U.S.A), N.A. 15000 Capital One Drive, Richmond VA 23238 ©2012 Capital One. All rights reserved.