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The objectives of HBOS
Member rating: No Rating | Words: | Submitted: Wed Aug 27 2003
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The main purpose of a business is sometimes stated in a "mission statement". By knowing this customers can determine what the business does. For example James Crosby the Chief executive of HBOS has said that the creation of HBOS is: "A strategy to beat customer (our customer must be our greatest advocated), colleagues (our colleagues are central to our ambitions - they must be motivated in your industry) and shareholders expectations (our shareholders deserve growth - we will make sure its quality growth)." HBOS exists to provide a service to the wider community, the objectives of HBOS are as follows: * Profit The primary purpose of the merger (HBOS) is to create New Force Banking and improve the growth prospects for both businesses (Halifax and Bank of Scotland). Profit is extremely important for HBOS, as the business cannot survive for very long if it is not profitable. Without the profit HBOS cannot keep its...
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