Fri, Aug 27|
IWIB Lunch & Learn Session: ”Willingness to pay, choice or obligation?".
Our guest speaker Krum Berovski is an expert in payments who is in charge of Responsible Credit & Risk of VFS portfolio in Region Europe Central East at Volvo. Krum will talk about how cultural differences of customers and partners affect every side of business relationships.
Time & Location
Aug 27, 2021, 11:30 AM – 12:30 PM
About the Event
Join us for the firts session on Paymnents with guest speaker Krum Berovski, expert in Responsible Credit & Risk of VFS portfolio in Region Europe Central East at Volvo. Krum will talk about credit risk: ”Willingness to pay, choice or obligation?".
Credit risk is described as probability of default (PD) multiplied by the expected loss associated with that default (LGD). There are a number of researches about willingness to pay v.s ability to pay, but again and again, in the real daily work that dimension is often underlooked. Krum will talk about the three main cultural reasons for unwillingness to pay and to offer three possible strategies based on real experiences.
Cultural differences affect every side of our relationship and can bring us in many “unexplainable situations” and in those is really important to understand “Why is it happening?” before “What do to?”
The cost of the ticket is used to cover IWIB's production and operation costs. IWIB Corporate and Private members join free of charge. Please contact us at firstname.lastname@example.org if you would like to become a member.
IWIB Private&Corporate Members
Members of The Stockholm Chamber of Commerce and private IWIB members join free of charge.
Fairness & Equality Ticket
As per IWIB's commitment to removing financial barriers to continued education to empower women in their career progression is part of our core values. If you are unable to cover the session's fee, please use this ticket.