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Corporate Strategy - HSBC - Essay Example
The HSBC has strived for the sustainable success since its inception, and has been successful in development of corporate and business relationship with its valued customer. The banking institute has tried to evolve a healthy relationship with its partners which is based on mutual trust and understanding, the banking institute understand the responsibility on their part, and has tried to accomplish objectives and aims through recognition of its role and responsibility 'as a financial intermediary brings with it a duty of responsible conduct and engagement'…
The economic activities have accelerated in the current century, the economic opportunities have been explored, and wealth proportion has expanded instead of getting more concentrated. The HSBC therefore adopted a policy of variance, aimed at adaptability towards economic progression. The economic expansion and rapid circulation of wealth intensified the activities of the banking sector, and for the procurement of its share, the HSBC broadened the horizon of its banking facilities.
The requirements and the expectations of the consumers revolutionized, and for this purpose the banking sector was compelled to adopt and introduce set of revised and modified scheme which primarily focused on lending services, the deposition activities although gained a massive momentum, but the contribution in this regard was mainly from the wealthy people, the lending services were sought by the industries, corporate world and the major portion of society. ...