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Essay / Research Paper Abstract
This 16 page paper looks at the way that The Hong Kong and Shanghai Banking Corporation (HSBC) has managed to achieve a rapid rate of international growth, considering the growth strategies used and the way that these may be considered in the context of management theory. The paper then goes on to consider why HSBC, a company originating in Hong Kong, would choose to have a Head office in London. The bibliography cites 30 sources.
Page Count:
16 pages (~225 words per page)
File: TS14_TEHSBCgrow.rtf
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Unformatted sample text from the term paper:
Results of Acquisition Strategy at HSBC 8 2.6 Unification of HSBC Acquisitions 10 3. Reasons for the Locations of Head Office in the UK 12 3.1 Underlying Theories for Growth and Location seen in HSBC .................................................................................................12 4. Conclusion 17
1. Introduction Hong Kong and Shanghai Banking Corporation (HSBC), is a large global bank which has achieved rapid growth over the
last few decades. With the tagline "the worlds local bank" there is an indication of the strategy which has been used to propel the bank forward in this manner; a
strategy of customisation to local markets which has been undertaken with the use of numerous acquisitions (, Grant, 2004; Jain, 1989). Today the bank has more than 10,000 branches located
across 83 countries (HSBC, 2007). Branches are located globally, including Europe, the Americas, the Asia-Pacific region, Africa and the Middle East (HSBC, 2007). In addition to this HSBC is now
classified as one of the worlds top 10 businesses when measured in terms of sales and assets (Forbes, 2006). 2. Growth Strategies in the Development of HSBC
By examining the company, and its operations it is possible to assess the way in which the company has grown to its current size and strategies which
are supported that growth as well as issues such as why there is a head office located in the UK. HSBC is a major international banking organisation which operates primarily
as a commercial bank, and in many countries its characteristics and functions include those of a clearing bank. 2.1 Diversification The development strategy in links with the UK
can be seen as originating in the foundation of the bank in 1865. The bank was founded by Thomas Sutherland, a Scottish native. He had a vision of funding trade
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