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The Company HSBC - Report Example

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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. …
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The Company HSBC
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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
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