StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Nobody downloaded yet

The Company HSBC - Report Example

Comments (0) Cite this document
Summary
This work called "The Company HSBC" focuses on the market entry strategy of HSBC in Peru, its financial and banking services. The author takes into account the evaluation of the strategy’s impact on company’s performance, chances of profitability remained high, the economy of Peru. …
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94.5% of users find it useful
The Company HSBC
Read Text Preview

Extract of sample "The Company HSBC"

Download file to see previous pages There were also very few other financial service providers. Thus there would be fewer possibilities of restrictions and constraints. The organization has also undertaken a number of successful Greenfield infrastructure projects since 1997, making investments of more than $15 billion (HSBC-g, 2010, p.2). The strategy was implemented beginning with the opening of Commercial and Global Banking services. In the next year, it was followed by the opening of the “Personal Financial Services” (HSBC-b, 2009).
The market entry strategy began with the opening of the retail branch network in Peru. The most common strategies confronting the organization would be established start-ups or joint ventures. However, the strategy chosen by HSBC was establishing a start-up retail branch in Peru. This is because the region has very few financial service providers. This method is also preferred because it would allow the organization to keep control over its foreign venture. On the contrary, the company’s major step undertaken in China was in the form of joint ventures. This is because it has operated in the Chinese economy for a long time. This strategy is not recommended for HSBC in Peru because it has minimum expertise with local knowledge which would allow it to create maximum benefits for its customers (HSBC-f, 2010).
Its strategy is to contribute to the economy and bring tangible benefits to the market in which it operates. The revenue generated would be used to pay dividends to shareholders, make payments to global suppliers (INCR, 2008, p.5). The following table gives the pre-tax profit gained by HSBC in 2008 and other geographical regions.
An important strategic step taken by HSBC in alignment with its objective was to increase the number of customer accounts in Latin America. This was primarily meant to maintain high liquidity levels in the organization. The amount of loans and advances made to the customers has been presented in the following diagram (HSBC-e, 2010, p.13).
Peru has also represented as one of the most liberalized regions for attracting foreign investments. This was the reason for HSBC to establish banking operations in the region. In Peru, the MNCs are also protected against discrimination and are provided easy access to every sector in the economy. Moreover, MNCs are also free to remit profits and capital. The banking sector is also regulated and supervised by “Banking and Insurance Superintendency operating in the retail sector under the category of universal banking” (Yi, n.d., p.8). This provided insurance for opening new establishments in a foreign nation as a step towards global expansion. ...Download file to see next pages Read More
Tags
Cite this document
  • APA
  • MLA
  • CHICAGO
(The Company HSBC Report Example | Topics and Well Written Essays - 1750 words - 13, n.d.)
The Company HSBC Report Example | Topics and Well Written Essays - 1750 words - 13. https://studentshare.org/marketing/1748011-report
(The Company HSBC Report Example | Topics and Well Written Essays - 1750 Words - 13)
The Company HSBC Report Example | Topics and Well Written Essays - 1750 Words - 13. https://studentshare.org/marketing/1748011-report.
“The Company HSBC Report Example | Topics and Well Written Essays - 1750 Words - 13”. https://studentshare.org/marketing/1748011-report.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Company HSBC

HSBC: The World's Local Bank. Company Profile and Environmental Analysis

...The Company HSBC... The Company HSBC... The World’s Local Bank Company Profile and Environmental Analysis I. Introduction The success and failure of a business is largely dependent upon implementation of strategies, that in most cases, are aligned with its mission and vision. What brings about the challenges, and make circumstances more complicated is the environment in which it operates. This environment entails categories—each differs in scope of influence and impact upon the business, among other variables. Nevertheless, this is not to propose that the environment, whether internal or external, is a threat to continuation, although it may be partly true based on what happened to many. Rather, the environment, as though in an ecological system, ...
8 Pages (2000 words) Essay

Company Profiles of HSBC

...The Company HSBC... The Company HSBC... Profile of HSBC Company Overview HSBC is a global banking and financial services organization located in more than 80 countries worldwide. HSBC was reported to be named after its founding member, the Hong Kong and Shanghai Banking Corporation Limited, whose roots could be traced as far back as 1865, or more than 147 years to date. It products and services have grown extensively from its core everyday banking accounts that include current accounts and credit cards; to loans and mortgages; savings and investment accounts; and even property and family insurance. Its holdings company belongs to the Global 500 companies generating a ranking of 46 for 2011 (CNN Money 2012). Historical Background HSBC was reported ...
5 Pages (1250 words) Essay

Human Resource, HSBC

...The Company HSBC... The Company HSBC... of Human Resources Introduction:   HSBC bank in U K is one among the ‘Big Five’ high street banks, maintaining a huge network of area offices in Wales and England as well as an average presence in the area of Northern Ireland and Scotland. It obtained this presence in the year 1992 by the attainment of Midland Bank plc. HSBC bank has 34 branches in Birmingham UK itself. “HSBC is one of the world’s largest banking and financial services organizations” (Bank on stability at HSBC 2012: 1). At present, HSBC bank is ranked among the top largest banks in the world. The bank confirmed its local information by way of marketing attempts committed to specific places. HSBC stands for ‘Hong Kong & Shanghai Banking...
4 Pages (1000 words) Assignment

HSBC Social Responsibility

...The Company HSBC... The Company HSBC... HSBC SOCIAL RESPONSIBILITIES Hongkong and Shanghai Banking Corporation known as HSBC, wasestablished in 1965. It is the world's largest banking company and was ranked upto the fifth number in the year 2000. Around 22% of the earings are from operations in Hong Kong. And at the end of the year 2004 HSBC was ranked the third largest banking Company round the globe. Its logo is a mixture of the HSBC's 19th century house flag and the Scottish flag. The bank has its headquarters in London. The international bank comprises of 9500 offices in 76 countries and terretories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. Their coperate and social reponsibilites are degined in the areas o...
5 Pages (1250 words) Essay

Corporate Strategy - HSBC

...The Company HSBC... The Company HSBC... The HSBC has strived for the sustainable success since its inception, and has been successful in development of corporate and business relationship with its valued customer. The banking institute has tried to evolve a healthy relationship with its partners which is based on mutual trust and understanding, the banking institute understand the responsibility on their part, and has tried to accomplish objectives and aims through recognition of its role and responsibility 'as a financial intermediary brings with it a duty of responsible conduct and engagement'. The banking institute has introduced certain amendments and reforms in its policies, and has tried to broaden the scope of its services. Before the...
12 Pages (3000 words) Essay

HSBC Risk Management

...The Company HSBC... The Company HSBC... Management Risk management entails the evaluation of a set of circumstances which, if they were to occur, would be costly for an individual or afirm. Risk management also includes the investigation of various ways to minimize the possibility of occurrence of these circumstances and their consequent costs1. Simulation can quantify the cost and provide an inexpensive and bloodless evaluation mechanism for addressing a particular risk. A comparative analysis of the simulations of various courses of action can aid in the management of risk by determining an optimal approach to a particular set of circumstances. The problem is that profit, the measure of reward, requires, as a minimum, a pencil, the back of an...
11 Pages (2750 words) Essay

HSBC Bank

...The Company HSBC... The Company HSBC... and Banking Performance Introduction to the HSBC Bank HSBC Bank (Honk Kong and Shanghai Banking Corporation) was established in Honk Kong in the year 1865 as a subsidiary of HSBC holdings plc, by a Scotsman named Thomas Sutherland. HSBC is known as to be the largest bank in Honk Kong and has its majority offices in most of the part of Asia Pacific region than compared to America, Europe and Middle East and Africa. The bank's headquarter is situated at Honk Kong. The bank covers all the areas of banking ranging from personal and private banking. In addition to these it also covers investment banking, corporate banking and commercial banking. The bank now has got over 9000 offices in 80 countries and...
9 Pages (2250 words) Research Paper

HSBC Bank Development

...The Company HSBC... The Company HSBC... The HSBC is one of the largest and oldest modern banking corporations in the world. Though current group holdings and its present structure was formed only in the 1990s, the financial institutions and the original Hong Kong and Shanghai Banking Corporation and the Mercantile Bank that it took over has over a generation of experience in the banking and financial sector. The company prides itself as the "World's Local Bank" and uses the words in all its sites. Throughout its long history, it can be seen that it was one of growth through banking strategy, innovation and acquisitions and only the major setback to the bank happened during World War II. This paper is a review of its strategic planning and...
9 Pages (2250 words) Case Study

HSBC

... advantage that the company gains from employing its foreign entry market strategies. Finally the challenges that the company faces within the foreign market are to be discussed. B: The Line of Argument The company HSBC Holdings PLC is selected for the analysis and discussion of its international business. China is also selected as an international market in which the company operates its banking services. The argument within the paper will be based on an understanding and research evidence on international business. The argument will also be based on the strategies used by HSBC in entering the Chinese market and the business environment of this country. The paper will therefore present an argument that HSBC needs to amend its corporate...
4 Pages (1000 words) Outline

HR Strategy for HSBC

...The Company HSBC... The Company HSBC... Strategy for HSBC 1.1. Introduction HSBC Holdings plc is the UK-based company, operating in the banking industry. Nowadays, the company is one of the most globalised UK banks as it serves more than 60 million customers across the world. Its market share is estimated to be 7.2% (Uvais, 2015). Nowadays, HSBC operates in four major business segments: private banking global banking and markets, continental Europe retail banking and UK retail banking (Uvais, 2015). After the global financial crisis, the company was forced to adjust its business strategy to market conditions and began to dispose its private equity business in order to concentrate on its core banking operations (Uvais, 2015). This paper aims to pr...
12 Pages (3000 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Report on topic The Company HSBC for FREE!

Contact Us