2013 ASSIGNMENT-2 TASK B Topic: HSBC Student ID:12f9674 Name: Zayyan Rafique Module: Business Communication (F13 BUS 00002) Instructor: Dr. Radhika Lakshmi Semester: Fall 2013 Table of Contents: Topic Pages Introduction 3-4 Discussion 5-6 Conclusion 7 Reference 8 Introduction: Objective: The company that I have chosen is HSBC. I found this topic and the company interesting so I decided to choose it and research on it. The research will basically consist of the history, secrets of growth and success, problems faced, future prospects and benefits of it to the world and Oman. Methodology: The methodology used is online research and articles about the company. History: HSBC is a British multi-national banking and
A recap of 2016 revealed that the bank occupies a prominent position in the world of banking/finance with international networks that extends six continents. Presently, HSBC provides a range of banking services such as commercial banking, global banking and markets, global private banking, retail banking and wealth management. B. Powerful Global Banking Commercial Franchise As part of the mission and vision statements of HSBC which is to become a prominent and powerful leader in global banking, they extend their banking services to global wholesale and investment banking. HSBC want to become a major force in global wholesale and investment banking as well.
HSBC COMPANY HISTORY HSBC Group is the one of the largest banking and financial services organisation in the world. HSBC established businesses in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. HSBC incorporated in England and Wales in 1990, and headquartered in London since 1993. There is no single geographical area (China) dominates the group's earnings bu Hong Kong still continues to be a significant source of the income. In 2009, HSBC is named as the world's largest banking group and the world's 6th largest company according to Forbes magazine.
In business management, organization culture is perceived to be a very significant element of the organization’s performances. Nevertheless, Watkins (2013) suggests that organization culture is one thing to really comprehend what it is. He says, “As there is a collective agreement that exists and have a crucial role in influencing the behavior in an organization, there is a minimal consent of what organization culture entails” Watkins (2013). However, few authors have tried to define what it is and according to Schein (2004) culture is “ a concept but its attitudinal and behavioral effects are very concrete.” He continues to suggest that it is a dynamic experience that is shaped through people’s interaction and that which is created by our
For more than 150 years experiences has created the character of HSBC which is they hold in capita strength, in strict cost control and to create a mutual relationship with their customers. In addition, the company has survived at all risks of the 21st century challenges as to achieved the corporate character. Moreover, HSBC is one of the world’s largest banking and financial services company that serving around 48 million customers. This is included their four Global Businesses which are Retail Banking and
104. HSBC Credit Card Reward Points HSBC Credit Card reward points are points that an individual avails every time they use their credit card. The rewards points’ concept has been provided by HSBC with the intent of encouraging and rewarding people for using their credit card. Once a customer has amassed a significant amount of reward points, then they can use these points to purchase gifts and other items. It must be noted that these points cannot be cashed and can only be used to avail other benefits.
(2007) Corporate Culture is defined as particularly important for health organization, by adopting strong corporate culture, employees will be a part of the overall team and will support the staff to obtain greater level of satisfaction which will result in corporation overall success. When the staff will feel that they are part of the overall culture this will result in high level of commitment and productivity, and thus the quality of healthcare services will improve. A health company culture will result in improving the employees ' commitment and support providing good excellent healthcare, while an unhealthy culture may prevent the health organization the opportunity to growth or it will directly contribute to organizational failure. In a perfect corporate culture, staff will feel as a part of a team and the level of satisfaction will increase for both employees and patients. Corporate culture according to health organizations can be considered as amorphous quality that can result in injecting a powerful influence over the entire
A strong corporate culture is one of the key components that propel most organizations to be successful. Since employees come from different cultural backgrounds, the organizational culture forms a basis that they can publicly be identified with. This may include innovation, logos, the organizations mission statement and leadership. There also exist sub-cultures within the organizations, which are not implemented by the managerial department but are developed by the employees. Enforcement of the values and norms implemented begin with those high up the hierarchy of an organization (the leadership).
It includes an organization's unique expectation, experiences and philosophy. Corporate culture is based on written and unwritten rules that have been developed over time. The culture is rooted in an organization's goals, strategies, structure and approaches to labor, customers, investors and the greater community. It affects the ways a company is conducting its business, how they treat their employees and customers. A good corporate culture can increase the organizations productivity and performance.
Question2 consist of two parts, describing AUBMC corporate culture and explaining the role of corporate culture. First I will discuss and describe the corporate culture of AUBMC. “Each organization has a unique identity called corporate culture which shared experience, stories, beliefs and norms. Corporate culture helps define the work and business climate of an organization”. (Griffin & Ebert 1996, p.172) "Culture has been characterized by many authors as “something to do with the people and unique quality and style of organization” (Kilman et al., 1985), “the way we do things around here” (Deal and Kennedy, 1982), or the “expressive non-rational qualities of an organization” " (Lee & Yu, 2004, p.1).