Managing in a Strategic Business Context Essay Example | Topics and Well Written Essays - 4000 words

Managing in a Strategic Business Context - Essay Example An organization like HSBC Bank (especially Business Banking) believes that, if an organization follows like them the theories and concepts of the contemporary organizational context and the strategic management related to members, then it is not impossible to achieve the organizational goals accordingly. The aim of any SWOT analysis is to identify the key internal and external factors that are important to achieve the objective of an organization. SWOT analysis distinguishes key pieces of information into two main categories3: The internal factors may be identified as strengths or weaknesses depending upon their impact on the organization's objectives. What may represent strengths with respect to one objective may be weaknesses for another objective. The factors may include all of the 4P's 2 in accordance with personnel, finance, manufacturing capabilities, and so on. The external factors may influence macroeconomic matters, technological change, legislation, and socio-cultural changes, with the changes in the marketplace or competitive position. The results are usually represented in the form of a matrix. SWOT analysis is only method of categorisation and has its own weaknesses. For example, it may tend to persuade companies to compile lists rather than think about what is really important to achieve organizational goals. ... For example, it may tend to persuade companies to compile lists rather than think about what is really important to achieve organizational goals. It also represents the resulting lists simply and without clear prioritization so that, for example, weak opportunities may evolve to balance strong threats. Examples of Strengths and Weaknesses of HSBC Bank: Resources: Financial, intellectual and location are the strengths of the mentioned bank. Because HSBC Bank uses financial and intellectual resources to provide up to the mark services to the customers. Customer Service: As a service provider, customers are the main concern of HSBC Business Banking Sector. They believe that customers' satisfaction brings their success. They also assume this as their strength. Efficiency: Efficiency is the strength for the HSBC Bank as it ensures customers' satisfaction and organization's success. Quality: Quality is the strength for HSBC as they have good quality service. But in some cases they face it as weakness when they can't maintain the standard.Staff: In today's competitive market, inadequate number of staff is a weakness for HSBC. Management: HSBC Business Banking Sector works with Strategic Management, which helps them to work easily, and it is assumed as their strength that's why. Principles: HSBC Bank believes in good service providing to the customers in an effective and reasonable manner. This is the key component of their success. That's why they assume their principles as their strength of work. Examples of Opportunities and Threats of HSBC Bank3: Political/Legal: Political and legal unrest situations are often threats for the HSBC Business Banking Sector as it hampers their total management. Market Trends: