shareholders‚ they would be very happy. HSBC has exceeded its profit expectations in the first quarter of 2011. The bank generated a $11.5 billion pretax profit for the first half of 2011 up from $11.1 billion a year ago. But to the bank’s employees‚ they may not dare to join the celebration. It is because most of them would become unemployed in the next second. HSBC announced its strategy to cut 30‚000 jobs before 2013 for cost savings and shaping the business strategy. Due to the HSBC’s layoff plan
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The HSBC Money-Laundering Scandal Case Facts HSBC is one of the largest financial institutions in the world‚ with assets over $2.5 trillion‚ 89 million customers‚ 220‚000 shareholders‚ operations/affiliates in 85 countries‚ and 2011 profits of nearly $22 billion (HSBC‚ 2011a). Drawing upon evidence revealed following a year-long investigation into HSBC (Levin et al.‚ 2012)‚ seven areas of case fact illustrating key anti-money laundering (AML) and terrorist financing problems can be seen including:
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{draw:frame} {draw:frame} {draw:g} {draw:frame} DEFINITION OF STRATEGY: _“Strategy is a pattern of the fundamental goals of the walk and planned‚ the distribution of resources and the organization of interaction with the market‚ competitors and factor-environmental factors.”_ -John A. Byrne _“The core of the strategy is how to survive in a competitive world‚ how to create a better perception in the minds of consumers‚ to be different‚ identify strengths and weaknesses competitors‚ specializes
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Applying Military Strategy and Tactics to Business Preamble During the late 80s and early 90s‚ much of the predominant management philosophy involved directly applying classical military strategy to business. Sun Tsu was regularly quoted at Board meetings and on Wall Street and books like On War and Leadership Secrets of Attila the Hun were among the most popular business books available. At the time‚ I wasn’t a big subscriber to the idea that lessons from military conquests and failures
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SELECTING A GLOBAL TARGET MARKET STRATEGY If‚ after evaluating the identified segments in terms of the three criteria presented earlier‚ a decision is made to proceed‚ an appropriate targeting strategy must be developed. There are three basic categories of target marketing strategies: standardized marketing‚ concentrated marketing‚ and differentiated marketing. Standardized global marketing is analogous to mass marketing in a single country. It involves creating the same marketing mix for broad
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Evaluate marketing strategies the business could use to achieve its business objectives When devising a marketing strategy‚ it is important that a business has a clear understanding of the target market. Once this has been established‚ the business will develop appropriate promotional and pricing strategies that cater to the needs of this target group. The business will also need to consider appropriate locations to sell the product. Qantas is Australia ’s leading and largest airline and one of
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industry to align business activities to the vision and strategy of the organization‚ improve internal and external communications‚ and monitor organization performance against strategic goals. 6. Contrast the terms strategies and tactics. Strategies are plans for achieving organizational goals while tactics are the methods and action taken to accomplish strategies. 7. Contrast organization strategy and operations strategy. Organization strategy is an expression of how an organization needs to evolve
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select and evaluate any three from the following: Yip’s Drivers of Internationalisation‚ Johnson’s Culture Web‚ Porter’s Diamond‚ Bowman’s Strategy Clock‚ Porter’s Generic Strategies and McKinsey’s 7-S Framework. Understanding and using theories that analyse the internal and external environment can prove pivotal for managers. This can dictate their corporate strategy and where they position themselves in the market. The telecommunications market has expanded rapidly over the past decade which has meant
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ORGANIZATIONAL STRATEGIES AND CHANGE AMAL ALTAF MOHAMMAD ALI JINNAH UNIVERSITY ABSTRACT The purpose of this research is to summarize several strategies and describe how these strategies can help bring about changes in an organization. The authors show how different strategies can be used for successful implementation of change process. The article compares the four level strategies‚ namely functional level strategy‚ business level strategy‚ corporate level strategy and global strategy. There
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effects‚ and by transferring valuable skills between their global networks of subsidiaries. In another word‚ the strategies which increase profitability may also expand a firm’s business and thus enable it to attain a higher rate of profit growth (Hill‚ 2009). When a company plan to compete in the international environment there are two crucial factors affect the firm’s choice of strategy which are strength of pressures for cost reductions versus those for local responsiveness. Firms typically choose
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