In order to ensure success in the organization, it is imperative that a company should have an effective and efficient organizational structure and culture within its premises. HSBC competes in this competitive environment on the basis of two key tools i. e. organizational structure and culture. This can be further improved if the critical focus is made to improve its management procedures and techniques. HSBC mainly uses its resources to compete in the market; in fact, it should have more focus on its working staff. If employees will work on the basis of efficiency than only the performance of the organization will improve and will be back in the leading position. 1.6 Conclusion HSBC bank does not only possess an effective organizational structure but also has a unique culture within the organization.
It has a traditional organizational structure and culture as specified in the theories of organizational behavior. It has a strong organizational culture that is further subdivided which binds the firm in one knot and helps to deal with the challenging situations. In order to make it is brand different HSBC launched a campaign in which it differentiated its characteristics from the competitor and considered itself unique from others because of this basis, it is known as the world’ s local bank. However, presently HSBC bank is facing some problems in business due to uncertain economic conditions.
So in order to be successful, it is imperative that managers should think more critically on the systems and structures used in the organization, they should manage the resources of the company efficiently, especially the people. Managers should make a more prosperous structure and culture of the organization by managing the people, motivating them and keeping them satisfied to get more improvement in their work as well as the organization.
Strategic management, strong culture, and organizational structure are not only the basis of leadership for HSBC bank but are also the reason for its survival.
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