Development Bank of Singapore

Added on - 21 Apr 2020

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Running head: DEVELOPMENT BANK OF SINGAPOREDevelopment Bank of SingaporeName of the StudentName of the UniversityAuthor Note
Development Bank of Singapore1Table of ContentsIntroduction......................................................................................................................................2Task 1...............................................................................................................................................3The Key Strengths of Development Bank of Singapore:............................................................3Weaknesses of Development Bank of Singapore:.......................................................................4Value chain analysis........................................................................................................................5Macro-environment using PEST Analysis..................................................................................6The Key Opportunities for DBS Bank:.......................................................................................9Threats of DBS bank are:........................................................................................................9Task 2:...........................................................................................................................................10Key Stakeholders of Development Bank of Singapore:............................................................10Issues affecting Stakeholders:....................................................................................................12Task 3:...........................................................................................................................................13Ethical and Corporate Social Responsibility Issues:.................................................................13The Main Ethical and CSR stances Taken by DBS:..................................................................14TASK 4:.........................................................................................................................................14Emergent Strategies of Development Bank of Singapore.........................................................15Advantages of the Balance of Intended and Emergent Approaches..........................................16Disadvantages of the Balance of Intended and Emergent Approaches.....................................16Conclusion.....................................................................................................................................16References:....................................................................................................................................18
Development Bank of Singapore2IntroductionDevelopment Bank of Singapore is banking and financial organisation that operates itsbusiness globally. Development Bank of Singapore is headquartered in Marina Bay, Singapore(Serrat 2017). The bank was formed in 1968 by the Singaporean government to handle all thefinancial and monetary transactions and related activities from the Economic DevelopmentBoard (Dbs.com.sg 2018). Development Bank of Singapore is considered as one of the largestbanks in the South-Eastern part of Asia region in terms of assets. Development Bank ofSingapore provides financial services like Retail Banking, Private Banking, Wealth management,corporate banking and Investment Banking. The organisation earned an operating income andannual revenue of $4.95 billion and $ 10.89 billion respectively in the year 2017. In 2016,Development Bank of Singapore earned a net income of US $3.07 billion (Emery 2018).Currently, the organisation provides employment to 22,194 employees in the organisation(Dbs.com.sg 2018).The Bank of Singapore is one of the famous and largest banks in the world. It hasoccupied a huge amount of market shares due to the strengths of the organisation and at the samepoint, the organisation is facing tough challenges and has suffered the loss in many occasionsdue to some of the weaknesses that the organisation has. SWOT analysis will help to understandand identify the key Strengths and the Weaknesses of the organisation.
Development Bank of Singapore3Task 1The Key Strengths of Development Bank of Singapore:Development Bank of Singapore has a strong position in the market of Hong Kong andSingapore (Rich 2014).The organisation provides diversified services and products that helpthem in generating a huge amount of revenue. Development Bank of Singapore has earned ahuge amount of goodwill when the organisation was awarded for ‘Safest Bank in Asia’ and ‘BestBank in Singapore’ (Hill and Menon 2014).Development bank has a global presence and isexpanded to 15 countries, the organisation is also has a huge customer base and serves to morethan 4 million customers globally.The dividend, which is earned by the Development Bank of Singapore, is relativelyhigher when compared to the score of another financial sector (Acharya, Viral and Shin 2017).Development Bank of Singapore also occupied a huge amount of market shares in Singapore thatmakes them one of the most reputed and investor attracted organisation in the market(Dbs.com.sg 2018). The market in which DBS is operating is suitable for the financial industry.Asian countries are growing rapidly and they are the global hub for many financial institutions(Vogel 2014).Asian countries like Singapore, Hong Kong, China are growing and they are attractingmany local and foreign investors in their country, which is a perfect opportunity forDevelopment Bank of Singapore to expand their business in the organisation (Dbs.com.sg 2018).Singaporean market is filled with experienced and skilled employees and this is plus point forsmooth running of the organisational functions. The organisation provides effective andconservative business policies that help them in attracting more customers. The Development
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