The world today is changing faster than ever before. Technological developments, financial constraints, expanding markets, mergers and acquisitions, new government legislation are all putting pressure on organisations to change and stay dynamic (Davenport and Short, 1990; Aijo et al., 1996). It is argued that organisations have to pay attention to environmental changes in order to survive in the market (Fahey and Narayanan, 1986). Especially the financial sector is driven by two key environmental features; global deregulation of the sector and global decline in cost and technological changes such as the use of electronic media for service provisions and greater use of the Internet for banking transactions (Grosse, 2004). Corporate Strategy is the cornerstone of the success or failure of a company. It gives direction to corporate values, goals, mission and culture.
This paper defines the core competencies and dynamic capabilities of four of the leading financial institutions (for a company brief refer to Appendix A, SWOT analysis Appendix B) as well as the importance of corporate governance. Furthermore based on the information gathered it will be discussed what key challenges Citibank and Deutsche Bank are facing, the significance of these challenges and how they might be overcome. Finally, strategic implementations are suggested.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Question 1
- Core competencies and dynamic capabilities of Citigroup, Hongkong Bank (HSBC), Deutsche Bank and Goldman Sachs
- Corporate governance: a source of competitive advantage?
- Question 2
- Competitiveness of Deutsche Bank and Citibank
- Question 3
- The future of financial services
- Conclusion and Recommendation
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This paper aims to analyze and evaluate the strategies adopted by four leading financial institutions, namely Citigroup, Hongkong Bank (HSBC), Deutsche Bank, and Goldman Sachs, in response to the dynamic global financial environment shaped by technological advancements, deregulation, and market shifts. It examines the core competencies and dynamic capabilities of these institutions, explores the role of corporate governance in achieving competitive advantage, and investigates the specific challenges faced by Citibank and Deutsche Bank.
- Core competencies and dynamic capabilities of leading financial institutions
- The impact of technological advancements and deregulation on the financial services sector
- The role of corporate governance in achieving competitive advantage
- Challenges facing leading financial institutions, such as Citibank and Deutsche Bank
- Strategic implications and recommendations for success in the evolving global financial landscape
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: This chapter provides an overview of the dynamic global financial landscape and the pressures faced by organizations to adapt and remain competitive. It highlights the importance of corporate strategy in guiding company values, goals, and culture, and introduces the four leading financial institutions that will be analyzed in the paper.
- Question 1: This section delves into the core competencies and dynamic capabilities of Citigroup, HSBC, Deutsche Bank, and Goldman Sachs. It examines how these institutions have developed strategies to establish dominant positions in their chosen service areas and build broader-based capabilities. It also discusses the importance of distinctive capabilities for achieving and sustaining competitive advantage.
- Question 2: This chapter focuses on the competitiveness of Deutsche Bank and Citibank, analyzing the key challenges they face and the significance of these challenges. The analysis aims to identify potential solutions for overcoming these challenges and achieving sustainable success.
Schlüsselwörter (Keywords)
The paper focuses on key topics like corporate strategy, core competencies, dynamic capabilities, corporate governance, global financial institutions, competitive advantage, technological advancements, deregulation, financial services, challenges, and strategic implementations.
- Citation du texte
- Bsc Hons, MA Nicole Burkardt (Auteur), 2007, Critical analysis and evaluation of strategies adopted by world class financial institutions (2006), Munich, GRIN Verlag, https://www.grin.com/document/154700
