Hsbc Porter's Five Forces Analysis

Published: 2021-08-30 17:05:10
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Category: American History

Type of paper: Essay

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Porter's Five Forces analysis is a framework for business development and industry analysis; it is invented by Michael E. Porter (QuickMba, 2009). The five forces provide a simple perspective for analysing and assessing the market position and competitive strength of the organisation. There are five key factors of the force which are intensity of rivalry, threat of entry, threat of substitutes, buyer power and supply power. By clear understanding the context of each force, the company will able to "have important insights which can drive them to implement effective strategies to outgrow their competitors. and take fair advantages of its strength and improve its weakness regards to the market situation.

Force 1: Intensity of rivalry
There are many rivals in the financial and banking sectors; HSBC has been using efficient strategies to maintain its leadership position in the market. Other rival companies are very competitive and highly capable to compete in many segments which HSBC operate. In order to maintain its leadership position, for example: Barclays has branches all over the world and provide wide range of service such as personal banking, private banking, financial service.... It operate its business in many segments which HSBC operates, it is one of HSBC major rivals. Citigroup is an American financial service group, "it has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. (Citigroup, 2011)" Citigroup is one if the HSBC's major competitors in financial sectors. HSBC developed different strategic plans to ensure that "they are being the number one choice of their customer in the financial and banking sectors."(HSBC, 2011)

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