Professional Documents
Culture Documents
HSBC Stands for Hong Kong and Shanghai Banking Company Located in London HSBC's international network comprises around 7,500 offices in over 80 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. 221,000 shareholders in 127 countries and territories and are traded on the New York Stock Exchange.
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At HSBC, Diversity is a source of opportunity, whether in employment or customer markets. Appreciation of the rich mosaic of difference within the workforce fuels group dynamics and helps create an environment where teams can perform to their full potential. (HSBC Chairman, Stephen Green)
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HSBC is worlds local bank! How? HSBC believe the world is a rich and diverse place full of interesting cultures and people, who should be treated with respect and from whom there is a great deal to learn. HSBC dynamic environment
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Difference of opinion
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Using diversity as a business strategy demonstrate that HSBC are a socially responsible organisation. Image and brand value is enhanced when they are seen to treat employees, customers, communities and shareholders the way they want to be treated.
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the company promotes good environmental practices and sustainable development. More than the usual definition of leadership as communicating the need to the people Such attitude considers transparency as part of effective leadership. Integrity, in addition, is another key term for HSBC as a central idea of ethical leadership.
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Since HSBC is operating under Key Business Value principle, the company expects and demands the highest of standards among the employees. HSBC is very particular with commitment, loyalty, hard work and integrity
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Iceberg Model
The popular 'Iceberg model' of culture was developed by Selfridge and Sokolik, 1975 and W.L. French and C.H. Bell in 1979
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Masculinity/Feminity
Examples of Middle East and Australia
(http://www.hcamag.com/resources/diversity/diversity-at-hsbc/114612/)
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Recommendation
They should try and implement all 5 of Hofstedes cultural dimension Power Distance : Measures inequality Individualism: is the degree to which individuals are integrated into groups
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Conclusion
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References
Antonakis, J., Cianciolo, A. T. & Strenberg, R. J. (2004). The Nature of Leadership. Sage Publications, Inc. Bass, B M 1990, Bass and Stogdills Handbook of Leadership: Theory, Research and Management Applications, 3rd ed., Free Press, New York.
Website References
http://www.hcamag.com/resources/diversity/diversity-at-hsbc/114612/ http://www.123helpme.com/view.asp?id=122263 http://www.bitcdiversity.org.uk/best_practice/exemplar_employers/training _and_development/case_studies/hsbc_bank_plc.html http://www.hsbc.com/1/2/careers/diversity http://en.wikipedia.org/wiki/Mourning http://www.scribd.com/doc/41808230/Final-HSBC-as-on-21-Sept
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Class Activity
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Questions
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