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Strategic Development Within Westpac Bank

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Added on  2020-05-28

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STRATEGIC DEVELOPMENT WITHIN WESTPAC COMPANY STRATEGIC DEVELOPMENT WITHIN WESTPAC COMPANY 13 13 STRATEGIC DEVELOPMENT WITHIN WESTPAC COMPANY Strategic Development within Westpac Company Authors Note: Executive Summary The objective of the paper is to analyze the strategic development initiatives of Westpac Company. Corporate mission of Westpac Banking Corporation is to deliver its vision of offering high returns to its shareholders along with developing effective and offering comprehensive range of financial goods and services that supports the comment in addressing financial needs of consumers. Mission, Vision and

Strategic Development Within Westpac Bank

   Added on 2020-05-28

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Running head: STRATEGIC DEVELOPMENT WITHIN WESTPAC COMPANYStrategic Development within Westpac CompanyName of the University:Name of the Student:Authors Note:
Strategic Development Within Westpac Bank_1
STRATEGIC DEVELOPMENT WITHIN WESTPAC COMPANY1Executive SummaryThe objective of the paper is to analyze the strategic development initiatives of WestpacCompany. Corporate mission of Westpac Banking Corporation is to deliver its vision of offeringhigh returns to its shareholders along with developing effective and offering comprehensiverange of financial goods and services that supports the comment in addressing financial needs ofconsumers. It is gathered from the paper that integrating business horizontally strategy throughbring some of the competitors along with purchasing the retailer and wholesaler has facilitatedthe bank in expanding business in other territories.
Strategic Development Within Westpac Bank_2
STRATEGIC DEVELOPMENT WITHIN WESTPAC COMPANY2Table of Contents1. Introduction......................................................................................................................32. Development of Organization with Corporate Strategies................................................32.1. Mission, Vision and Core Competencies..................................................................32.2. Successful Strategies in Past.....................................................................................42.3. Current Strategies.....................................................................................................53. Criticism of Business Practices of Westpac Company....................................................64. Environmental Analysis of Westpac Company...............................................................74.1. PESTEL Analysis.....................................................................................................74.2. SWOT Analysis........................................................................................................85. Culture and Leadership Style of Westpac Company.......................................................95.1. Competencies of Core Values of Westpac Company...............................................95.2. CEOs those Implemented Strategies and Developed Company Culture................106. Conclusion.....................................................................................................................11References..........................................................................................................................12
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STRATEGIC DEVELOPMENT WITHIN WESTPAC COMPANY31. IntroductionStrategic development can be considered as plan in communicating within the companywith considering organizational goals along with actions developed to attain attained byimportant aspects prepared within the planning process (Campbell and Reyes-Picknell 2015).Westpac Banking Corporation is positioned as an Australian financial services provider and bankthat has its headquarter in Sydney the Westpac place. This resulted in evaluation of WestpacCompany’s global sustainability leader within the banking sector (Bouma, Jeucken and Klinkers2017). The bank has its business operations across five divisions such as business bank,consumer bank, Westpac institutional bank and Westpac New Zealand. It is positioned as amongthe Australia’s best four banks. The objective of the paper is to analyze the strategic developmentinitiatives of Westpac Company. Moreover, the paper also intends to analyses the corporatestrategies followed by the company along with cruising the effectiveness of those strategies. Inaddition, environmental analysis along with culture and leadership style followed by thecompany will also be evaluated. 2. Development of Organization with Corporate Strategies2.1. Mission, Vision and Core CompetenciesCorporate mission of Westpac Banking Corporation is to deliver its vision of offeringhigh returns to its shareholders along with developing effective and offering comprehensiverange of financial goods and services that supports the comment in addressing financial needs ofconsumers (Caraiani et al. 2017).
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