Essay on Company Report, Review and Reflection
Added on 2020-06-04
26 Pages7486 Words47 Views
Company report, review andreflection
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1PART 1 THE COMPANY REPORT..............................................................................................1A1 Introduction to company.......................................................................................................1A2 Situational analysis to evaluate the current status of value management..............................2A3 Proposal for improved VM and milestones for management...............................................7A4 Risk to organisation on not implementing proposals..........................................................13PART 2 EVIDENCE REVIEW.....................................................................................................13B1 Critique of literature used in Part A....................................................................................13B2 Potential DBA research perspective....................................................................................15PART 3 REFLECTION FOR EMPLOYABILITY ENHANCEMENT ......................................16C1 Identification of critical thinking and core capabilities needed to achieve this consultancytask............................................................................................................................................16C2 Evaluate knowledge and skills competencies in context of Part 1......................................17C3 Review related leadership skills required for future personal development and careeraccession...................................................................................................................................19REFERENCES ...............................................................................................................................1
INTRODUCTIONThe whole report is based on HSBC holding plc and this will be covering value of firm,situational analysis in evaluating current status of value management. Improvement andsustainability development of company among stakeholders and resource which are needed tosatisfy their need is called Value management (Aven, 2016). Assignment will further continuewith addressing the inefficiencies which are identified and formulating proposal forimprovement also risk to organisation on not implementing proposals. For any company it isimportant to identify their key performance indicator both financial and non financial one so thatthey can make sure about management of their value in market. Then it will be coveringliterature review of all critique which is used in above mentioned part and at the end assignmentwill conclude with employability skills which are needed for reflection.PART 1 THE COMPANY REPORTA1 Introduction to company.Value management is very important for company in market which they are performingor delivering services. As all the stakeholders of company who are linked with them some orother way needed to judge it with different perspective and they define their own priorities tostakeholder (Bell, Filatotchev and Aguilera, 2014). There are many stakeholders of a bank as thisis very important part of all the economies of world. Without bank within country they will notbe able to work and develop on global level. HSBC holding plc is most reputed Britishmultinational bank which is also providing financial service all over the world. This is a publiclimited company which is operating in banking and financial service industry and was initiallyoriginated in Hong Kong. With about total assets of $2.374 trillion in December 2016 HSBC isseventh largest bank of world and 235175 number of employees in same year. Hong Kong and Shanghai Banking Corporation also known as HSBC is having its homemarket as UK and Hong Kong. HSBC is having its branches in 67 countries of world with about1
3900 offices and is having 38 million customers. HSBC is operating in many segments which isrelated to commercial, global banking, investment, retail banking, wealth management andprivate banking globally (Cucchiella, D’Adamo and Gastaldi, 2015). Market capitalisation ofHSBC holding was about £102.7 billion in 2016 and was second largest company which was tobe listed in London Stock Exchange. It is very important for HSBC to manage the value of itscompany and to attract more and more stakeholder and also to satisfy them.A2 Situational analysis to evaluate the current status of value management.Situational analysis is collecting of all method which will be used by managers ofcompany to analyse internal and external environment in understanding capabilities, businessenvironment and stakeholders of firm. This can be done by following two methods which arequalitative and quantitative.Qualitative:This include various types of analysis which is made by company to understand allcapabilities and competencies which they are having and which can lead them a better profit inmarket. Qualitative part of situational analysis include 5C analysis, risk management assessmentand corporate governance assessment (Dewachter, et.al 2015). Value management is achievedwith the help of formulating proposal for improvement of business process and financialmanagement of company this will also lead to designing a strategic management system that willbe implementing with financial and non financial KPI for ongoing performance improvement. KPI are the key performance indicator of firm which will be defining that company ishaving the capabilities of achieving important business objective. This will help the company intracking the record of all business area of firm and analysing that will company achieve thetarget which it has set or not. This KPI will be helping company in management of its value inmarket so that they can gain greater market share from others in market (Haimes, 2015).Strategic management system will analyse that how can company formulate the plan for wholeyear and achieve the financial goal of company.5C analysis- this will be giving more and more information on internal, macro environment andmicro environment factors. This 5C analysis will be providing all sort of extensive and relevantinformation about company that is why this is considered most useful and common way to2
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