Swat Analysis of Woori Bank free essay sample

Course: Human Resource Management (H 501) List of AssignmentSWOT ANALYSIS Of WOORI BANKPrepared for: Khair Jahan Sogra Professor Institute of Business Administration (IBA) University of Dhaka. Presentation: Woori Bank is a South Korean bank working in Bangladesh from 1996. In this paper SWOT Analysis of Woori Bank diverse part of this bank was portrayed. As its an approved Bank diverse delicate issue like their Financial data, Employment strategy, HR arrangement ,Client list are intentionally avoided in this paper. Woori bank has a solid foundation in their nation of origin South Korea.To grow its frame of reference they open their workplaces in 14 distinct nations. Bangladesh is one of them. In spite of the fact that they moderately began in extremely little scope now they are generally solid in their Offshore Banking division in Bangladesh and as of late re dispatch their retail keeping money with different new items. From the outset we will depict about SWOT Analysis then we will show SWOT Analysis of WOORI BANK . We will compose a custom exposition test on Smack Analysis of Woori Bank or then again any comparable theme explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page SWOT ANALYSIS: A SWOT investigation is an abstract evaluation of information which is sorted out by the SWOT group into a sensible request that helps getting, introduction, conversation and dynamic. The four measurements are a valuable expansion of a fundamental two heading rundown of advantages and disadvantages. SWOT examination can be utilized for a wide range of dynamic, and the SWOT format empowers proactive intuition, as opposed to depending on routine or instinctual responses. The SWOT examination layout is regularly introduced as a framework, involving four segments, one for every one of the SWOT headings: Strengths, Weaknesses, Opportunities, and Threats. SWOT examination is a truly adaptable device. Its utilization isn't confined to business and showcasing. SWOT ANALYSIS diverse applicationsSWOT examination is a ground-breaking model for a wide range of circumstances. The SWOT device isn't only for business and advertising. Here are a few instances of what a SWOT examination can be utilized to survey: †¢ an organization (its situation in the market, business feasibility, and so forth) †¢ a technique for deals dissemination †¢ an item or brand †¢ a business thought †¢ a key choice, for example, entering another market or propelling another item †¢ a chance to make a securing †¢ a potential association †¢ changing a provider †¢ redistributing an assistance, movement or asset †¢ venture arranging and task the executives a speculation opportunity †¢ individual monetary arranging †¢ individual vocation improvement heading, decision, change, and so on †¢ training and capabilities arranging and dynamic †¢ life-change downshifting, migration, †¢ connections, maybe even family arranging. WOORI BANK SWOT |Strength: |Weakness: | |Customer Service, â€Å"Customer is King’ Motto; |Single Branch Banking; | |Technological Advancement; | Single SectorInvestment Concentration; | |Strong Global Network; |Need for improvement of Long Term Vision; | |Efficient Manpower; |Need of improvement of Interbank relationship; | |Adequacy of Foreign Currency and serious estimating; |Need for Re-building of departmentalization and | |Strong Financial Stability and Strong Growth: Asset |overall hierarchical structure; | |growth 18% and FCB’s Growth 27% from 2004-08; |Need for modernization imaginative items | |Stable Local Market development; | |High Profitability: | |Well directed and oversaw budgetary framework with strong| | |control, straightforwardness and responsibility to the central| | |bank; | |Opportunity: |Threats: | |Openness of Central Bank to receive new innovations, |Unfavorable Political Environment; | |products and thoughts; |Intense Market Penetration and rivalry in future; | |Opportunities to catch speculators under FDI from South|Key Staff Retention; | |East Asia; |Depth absence of Efficiency of Capital M arket; | |A great spot for venture High returns; | |Investment Banking Merchant Banking; | |Limited Number of Bank License; | |A Big Market to Capture; | |Market for New Financial Inclusions Products; | |Faster Development of Financial Sector alongside Real | |Sector in not so distant future; | MISSION OF WOORI BANK:Woori Group‘s mission is to be the main money related gathering with worldwide capacities. Woori Financial Group advances intensity based on ‘One-Firm Approach. ’ Woori’s mission is to become Number 1 Korean bank in four territories: money related administrations, resource quality and productivity, the executives backing and labor. To accomplish that crucial technique is to utilize profoundly capable and proficient staff who will offer predominant money related support while focusing on consumer loyalty. The strategic Bank Dhaka branch is to convey ideal qualities to the client, workers and to the country . Equivalent words of CHANGE 1. adjust 2. adjust 3. change 4. change 5. change