HSBC Challenges

HSBC Challenges
We have been given a project in which we must discuss challenges which the bank HSBC will
face in the future and their required changes. How is the sector being changed and how should
HSBC transform, become disruptive itself and think of its own structures in order to stay
“relevant”?
Task Context:
During the second part of the course we will discuss the role of organisational change and
adaptation in evolving business environments. We will discuss the future of banking as well as
the challenges that HSBC is currently facing in order to adjust to this changing conditions.
Read this report:
https://www.mckinsey.com/industries/financial-services/our-insights/global-banking-annualreview-2019-the-last-pit-stop-time-for-bold-late-cycle-moves?
fbclid=IwAR2u69SlvSdWf1z2ghMAwyBqQYhHrSPXskj7Ul0qwwygrjGTGxUKdy22Hgw
My part and what I want you to write about is DETAILING THESE CHALLENGES ONLY. Our
group have proposed one organizational change to be by HSBC using block chain to manage
their assets which you can use as a platform when talking about detailing the challenges the
bank will face. I have attached a file which may or may not help you with detailing their
challenges.