Though HSBC boosts of having the compliance etc abiding in place. It’s still facing upcoming money laundering, regulatory, fine issues etc. Rules are meant to be broken is clearly shown by HSBC. Its talk’s doesn’t match its practicality. …show more content…
Workforce / Employees attitude
It’s not unusual when HSBC GLT planned change in its Information Technology Strategy then it faced numerous issues.
There is internal resistance by the old work force to adapt to the change of technology and implementation of new process, procedures and structures. The employees shall be required to be trained in new technology and work process etc.
There are new employees joining the organization and old employees leaving. The manager needs to adapt regularly to these changes. He has to re-design the work, teams as per project requirements as per the skill of people.
If job satisfaction is not there due to changes then people may leave the organization and accordingly manager shall have to adjust the changes as per management requirement.
The Innovation management has to be adapted as per changing technology and management style.
The Top-Down organization has low influence on Subsystems. It is process oriented.
The Bottom-Up organization has high influence on subsystems. The organization unit is independent in their execution of problem and survival rate is high. The small Innovation can be achieved quickly here.
The implementation of innovation concept requires Strong Manager, who can initiate the change and encourage the employees to do