The Internationalization of HSBC
Word count: 4122
Introduction
This pillow slip study is specifically focused on Hong Kong and Shanghai Banking stack (HSBC). The first stop of the case introduces to HSBC and its origins and narrates this multinational banks unique globalization strategy, HSBC?s journey through the global financial crisis followed by its operations in emerging economies, especially china and it in like manner touches upon HSBC?s corporate social responsibility. However the second part of the case study evaluates HSBC?s current position with contentious questions. The issues raised in the questions are answered by the international stock strategy theories and concepts such as Dunning?s eclectic paradigm, at bottom out perspective in business expansion, stakeholder theory and integrating & responsiveness grid.
Background
The Hong Kong and Shanghai Banking Corporation (HSBC) is one of the largest financial providers in the world (HSBC 2011). In 1865, Thomas Sutherland established HSBC to finance the increase trade among Europe, India and China (HSBC 2009).
HSBC started its global expansion gradually from nineteenth centuries. Throughout its history, HSBC always has a long-term focused vision.
From the archaeozoic days, HSBC has committed to build local anesthetic networks via local agents and branches. It acted as local banks financing international trade, and in some cases it went into high-risk industries. Later, HSBC acted as a banker to the governments and managed government accounts in some Asian countries and regions, such as Hong Kong, China, Japan, and Singapore. From 1940?s to 1960?s, HSBC was once downsized as many countries restructured their semipolitical and economic systems. In recent time, HSBC has dominant presence in Asia-Pacific and European regions after a number of strategic expansions (HSBC 2009). From Managing for growth to the World
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Local Bank, HSBC?s long term objectives and it cargo to be the world?s leading...If you want to get a full essay, order it on our website: Ordercustompaper.com
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