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Where is the Hong Kong & Shanghai in HSBC?

August 7, 2008

Analysis of:HSBC to Increase Investment in Asia-Pacific Region, Chairman Cheng Says | www.bloomberg.com

Given its pedigree---Hong Kong Shanghai Banking Corporation---to fund Asian development beginning more than 100 years ago it's interesting that the bank currently has 75% of its loan portfolio in the US and Europe. Did they miss the curve for China, India and the ASEAN Region all supporting double digit growth for some years now? Better late than never but given the economic momentum in Asia and the slowing growth in the US and Europe what was the percentage before their portfolio was revalued? And what have they been waiting for in Asia?

“HR outsourcing is gaining steam”; But, at what cost?

August 6, 2008

Analysis of:HR outsourcing gaining steam | www.hindu.com

People are a leaders most important asset and the differentiation for competitive advantage. A strategically aligned team is critical to elevate organizational performance to another level. HR’s roles is to deliver, apply and retain effective human resources; people who are aligned, quickly productive and retained to minimize costly transitions and output interruptions; right people, in the right jobs doing the right things. Outsourcing recruitment is a numbers game reducing a firm’s ability to hire the right cultural “attitude”. Skills are trainable while attitude and psychological preferences are in ones DNA and costly to modify if at all. Winning organizations evolve from focus, training, shared values, effective 360˚ dialogue, and the freedom to fail in a learning high output environment. Throwing ‘bodies’ at result driven challenges rather than engaging people developed with cultural alignment testing decisions against high level goals is ultimately a more costly approach.

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