StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Managing in a Strategic Business Context - Essay Example

Cite this document
Summary
Here HSBC Business Banking in the UK is my organization. There are many organizations and individuals that have a common interest in the well being of the business community. HSBC Business Banking Sector is like that which is working for the business community…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.9% of users find it useful
Managing in a Strategic Business Context
Read Text Preview

Extract of sample "Managing in a Strategic Business Context"

Download file to see previous pages

An organization like HSBC Bank (especially Business Banking) believes that, if an organization follows like them the theories and concepts of the contemporary organizational context and the strategic management related to members, then it is not impossible to achieve the organizational goals accordingly. The aim of any SWOT analysis is to identify the key internal and external factors that are important to achieve the objective of an organization. SWOT analysis distinguishes key pieces of information into two main categories3: The internal factors may be identified as strengths or weaknesses depending upon their impact on the organization's objectives.

What may represent strengths with respect to one objective may be weaknesses for another objective. The factors may include all of the 4P's 2 in accordance with personnel, finance, manufacturing capabilities, and so on. The external factors may influence macroeconomic matters, technological change, legislation, and socio-cultural changes, with the changes in the marketplace or competitive position. The results are usually represented in the form of a matrix. SWOT analysis is only method of categorisation and has its own weaknesses.

For example, it may tend to persuade companies to compile lists rather than think about what is really important to achieve organizational goals. . For example, it may tend to persuade companies to compile lists rather than think about what is really important to achieve organizational goals. It also represents the resulting lists simply and without clear prioritization so that, for example, weak opportunities may evolve to balance strong threats.Examples of Strengths and Weaknesses of HSBC Bank:Resources: Financial, intellectual and location are the strengths of the mentioned bank.

Because HSBC Bank uses financial and intellectual resources to provide up to the mark services to the customers.Customer Service: As a service provider, customers are the main concern of HSBC Business Banking Sector. They believe that customers' satisfaction brings their success. They also assume this as their strength.Efficiency: Efficiency is the strength for the HSBC Bank as it ensures customers' satisfaction and organization's success.Quality: Quality is the strength for HSBC as they have good quality service.

But in some cases they face it as weakness when they can't maintain the standard. Staff: In today's competitive market, inadequate number of staff is a weakness for HSBC.Management: HSBC Business Banking Sector works with Strategic Management, which helps them to work easily, and it is assumed as their strength that's why.Principles: HSBC Bank believes in good service providing to the customers in an effective and reasonable manner. This is the key component of their success. That's why they assume their principles as their strength of work.

Examples of Opportunities and Threats of HSBC Bank3:Political/Legal: Political and legal unrest situations are often threats for the HSBC Business Banking Sector as it hampers their total management.Market Trends:

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Managing in a Strategic Business Context Essay Example | Topics and Well Written Essays - 4000 words”, n.d.)
Retrieved de https://studentshare.org/miscellaneous/1505711-managing-in-a-strategic-business-context
(Managing in a Strategic Business Context Essay Example | Topics and Well Written Essays - 4000 Words)
https://studentshare.org/miscellaneous/1505711-managing-in-a-strategic-business-context.
“Managing in a Strategic Business Context Essay Example | Topics and Well Written Essays - 4000 Words”, n.d. https://studentshare.org/miscellaneous/1505711-managing-in-a-strategic-business-context.
  • Cited: 0 times

CHECK THESE SAMPLES OF Managing in a Strategic Business Context

Strategic Management Concept: definition,history

In business and management,strategy is defined as “the blueprint of decisions in an organization that shows its objectives and goals,reduces the key policies, and plans for achieving these goals, and defines the business the company is to carry on"… What is Strategy?... In business and management, strategy is defined as “the blueprint of decisions in an organization that shows its objectives and goals, reduces the key policies, and plans for achieving these goals, and defines the business the company is to carry on, the type of economic and human organization it wants to be, and the contribution it plans to make to its shareholders, customers and society at large” (Management Study Guide, 2012, par....
12 Pages (3000 words) Essay

Managing Business Processes& Information

Managing business Processes & Information Table of Contents Introduction 3 Explaining the Central Focus of the Statement – “Keep the Customers Coming Back; Not the Products” by Dr.... W Edwards Deming 4 Illustrating the Statement by Dr.... W....
12 Pages (3000 words) Essay

Strategic Management Accounting and Finance

n an organizational context, data represents facts or values of results, and relations between data and other relations have the capacity to represent information.... Movement from a manufacture to a knowledge context Most of today's companies are built around organizational structures ranging from bureaucracy to adhocracy (Brezillon).... oday's business environment is characterized by continuous, often radical change....
6 Pages (1500 words) Essay

Principles of Management at ASDA

ASDA believes in corporate social responsibility and it has proved this by signing the Ethical Trading Initiative (ETI), which defies all practices of business which are unethical. ... ASDA is the subsidiary of the world's largest retailer Wal-mart.... It came under the guidance of Wal-mart from 1999 onwards....
10 Pages (2500 words) Essay

Organisational and leadership management (Tesco PLC)

As far as Tesco is concerned, it is placed in a very competitive and challenging industry, that of the retail business.... The retail business is a very high selling business, since it involves selling items of daily use.... In the world of business, no organization can remain stagnant and stay where it is....
21 Pages (5250 words) Essay

Strategic Management External Environment Analysis: Apple, Inc

This is important because the business is affected by both the… Even if the environmental factors are conducive for success, the internal environment that is found within an organization still plays an important role in determining how successful or not a business is In this regard, the SWOT analysis combines two important factors that are external (Strengths and Weaknesses) and two that are external (Opportunities and Threats).... As Ahuja (2010), while using the SWOT analysis, the important thing to consider is to look at the strengths of a business....
10 Pages (2500 words) Essay

Impact of Globalization

Turning to privatization in a bid to do business affects the government's role in deciding how to run its agencies and this greatly dictates who may be sponsored to ascend to political power so that they may be easily influenced to sing to the tunes of these international corporations....
7 Pages (1750 words) Essay

Strategic Management in Global Context

The strategy of a company also helps in describing what kind of relationships to be made with the dealers, raw material vendors, customers, business partners, workers.... The strategies of business would be building according to the culture in order to meet customer's requirements as culture greatly affects the demands of a nation (Witcher,  Chau 2010).... here are no valid theories about business and the failure and success of the organization cannot be considered theoretically (Ungson, Wong 2008)....
12 Pages (3000 words) Assignment
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.
Contact Us