Considering Strategic Focus for HSBC Bank Free Essay Example, 3750 words

The company has identified global pillars namely customers, brand, employees, corporate culture, global distribution, technology and process and the organisation. and has made policies to strengthen each of its pillars. The responsibility for delivery of objectives lies with country managers, and heads of customer groups and global businesses under the direction of Group and regional head offices. This strategy has actually incorporated all the areas where an organisation can falter. Its strategy of Managing for Value emphasised the Group s unique balance of business and earnings between the older, mature economies and the faster-growing emerging markets. In 2002, HSBC acquired and recapitulated Grupo Financiero Bital in Mexico and in 2006 purchased Grupo Banistmo. Based in Panama, Grupo Banistmo was the leading banking group in Central America and gave HSBC access to new markets, with offices in Colombia, Costa Rica, El Salvador, Honduras and Nicaragua. Despite its adventures overs eas, HSBC still has a clear focus on its place of birth. The branch network in China expanded to 62 outlets by the start of 2008, and new products and services were provided to the growing customer base. We will write a custom essay sample on Considering Strategic Focus for HSBC Bank or any topic specifically for you Only $17.96 $11.86/page The bank has implemented desktop software across its international operations that switches-off machines at night.