Strategic Management in Action. HSBC Group Essay

Strategic Management in Action. HSBC Group - Essay Example After the organization of Hong Kong as a British colony in the consequences of the Opium War, a bank was required to finance the mounting trade between China and Europe. Its major and foundation-laying supplementary The Hong Kong and Shanghai Banking Corporation were recognized in Hong Kong and Shanghai in 1865. HSBC Holdings plc is a public limited company integrated in England and Wales, headquartered in London Strategic management refers to the art of planning your business at the maximum possible level. It is the responsibility of the company’s leader (or leaders). Strategic management centers on building a solid underlying structure to your business that will then be fleshed out through the joint efforts of every individual you employ. It is the procedure of specifying the organizations mission, vision and objectives, rising policies and plans, often in terms of projects and programs, which are planned to attain these objectives and then allocating resources to employ the policies, and plans, projects and programs. Strategic management seeks to organize and incorporate the activities of the different functional areas of a business in order to attain long-term organizational objectives. The business is being redesign to focus chiefly on high growth economies, by hopeful to trend to 60% of revenues coming from these economies. When looking at the urbanized markets business, center is to build particularly on those parts of the customer base which have international connectivity for which their "right to win" is mainly important. Global Banking and Markets: 4,000 international customers, where rising markets, stability sheet and worldwide platforms (HSBC net, Payments & Cash Management, Global Sub-Custody, Trade Services) are HSBCs calling card. Commercial Banking: 2.7 million customers locally, where top end customers and 40% of HSBCs SME customers have international requirements, HSBCs calling card. The