Strategies that HSBC Adopted to Suit the Changing Business Environment Essay - 1

Strategies that HSBC Adopted to Suit the Changing Business Environment - Essay Example The banking sector globally has been undergoing turmoil globally and risk management becomes a critical issue. Banks are financial institutions and risk management is critical to their survival. They have to manage this through pooling of risks and selling their services as risk specialists. The financial performance of the bank depends upon the efficiency with which they manage risks. HSBC is one of the leading banks that have been able to sustain the financial recession and still maintain profits. They change their strategy as the situation demanded and limited the extension of credits to new clients. HSBC realized that the purchasing power of people had reduced and the immediate step that they took was to curb issuing new credit card (Poulter, 2009). This helped them build their financial standing and it also demonstrates that HSBC plays it safe and believes in old-fashioned banking virtues (Duncan, 2009). However, it would be of immense value to the financial sector and particularly to the banks in the emerging economies to investigate the strategies that HSBC adopted to suit the changing business environment. This requires evaluating its risk management strategy. Hence, with the aim to investigate how banks manage risks in the interest of all the stakeholders, the objective of the study would be: The research strategy depends upon the purpose of the research, the size of the sample, the time and the budget in hand. Since this is an exploratory study meant to benefit the banking sector, in particular, a qualitative study has been envisaged. An in-depth analysis of the situation and the strategy is possible through the qualitative approach. As per the research onion, the research strategy could vary from an experiment to a survey to a case study.

Global Strategy Business Report TBS984 Essay Example | Topics and Well Written Essays - 2500 words

Global Strategy Business Report TBS984 - Essay Example The best entry mode is forming a strategic alliance with Gulf Drilling International since it is less risky, less costly and will enable Nexus to control its operations, and gain more knowledge of Qatar market. The company must position itself as a technologically innovative oil and gas exploration company that is committed to ensuring sustainable communities. The company must localise the human resource management and marketing activities in order to enhance the reputation and gain higher market penetration. The objective of the report is to guide the Nexus Energy management in their global strategy through identifying Qatar as the appropriate target country, the attractiveness of the oil and gas industry in Qatar and strategic alliance with Gulf Drilling International as the best entry mode in Qatar foreign market. The report will entail a detailed analysis of the current international business and economic environment of Qatar, analysis of the attractiveness of the oil and gas industry and the economic viability of Qatar as the most preferred country. In addition, the report will cover strategic alliance as the most appropriate entry mode in Qatar and Nexus Energy Limited strategic positioning to compete successfully in the new industry. The last part will be the conclusion and recommendations to the management. Nexus Energy intends to expand its business to Qatar and desires to do so through forming a strategic alliance with a local firm. The selection of foreign market entry mode is influenced factors such as the associated costs, market risks and the need for control of the foreign operations. The report will rely on secondary data collection and analysis methods. The report will utilise academic literature, global strategy models and recent market data to determine the best country of foreign market entry and the best foreign company that Nexus