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Workplace analysis - Assignment Example

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The organization deals in brokerage, wealth management, and banking. The organization offers varieties of banking services that include global private, commercial investment, and retail banking. The institution…
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Workplace Analysis The business organization is in the financial and banking industry. The organization deals in brokerage, wealth management, and banking. The organization offers varieties of banking services that include global private, commercial investment, and retail banking. The institution has its headquarters in the London, United Kingdom. In fact, it is the world’s third largest bank by asset estimation. The work force of the organization is approximately 266, 000 as per the 2014 statistics (Kynaston & Roberts, 2015).
The mission statement of institution is aspiration to become the world’s specialist in the banking industry and driven through commitment to values and core philosophies. The organization’s vision statement emphasizes action with courage and integrity fostered by being dependable and only doing the right things, open to diverse cultures and ideas, and connectedness to regulators, customers and each other (Suresh & Paul, 2010).
The institution exists in one of the most competitive sectors in the world. The banking and financial industry has many actors that fight hard to out each other. The high level of competition seems to be reason that the institution has diversified operations (Suresh & Paul, 2010). The bank faces competition from institutions like the Bank of America, Goldman Sachs, Chase Bank, Wells Fargo, U.S bancop, and the Citigroup among others.
The success of the organization bases on intention to promote customer experience by maintaining close contacts. Another principle that informs success of the company is the determination to maintain a strong capital and liquidity (Kynaston & Roberts, 2015). The institution also considers effective risk management as part of its way to success. Furthermore, the institution recognizes the pursuit for excellence, efficiency, sustainability, speed and performance-focus as crucial aspects of its success principles. The employee development programs adopted by the company include training of new recruits, organization of seminars and conferences, managers of the organization also performs coaching and mentoring roles for their junior employees.
References
Kynaston, D., & Roberts, R. (2015). The Lion Wakes: A Modern History of HSBC. London: Profile Books.
Suresh, P., & Paul, J. (2010). Management of banking and financial services. Noida, India: Pearson. Read More
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