Citigroup adaptability Three members of the team have chosen to show support that Citigroup has not displayed adaptability with their businesses in China. Citibank's attitude toward joint ventures was: Since China's membership into the World Trade Organization, many of these limitations have slowly begun to diminish; nevertheless Citibank and other foreign banks must manage within the existing regulations.
As a result, Citibank was only permitted to participate in limited corporate banking services and in limited Chinese cities. Initially they failed to take part in joint ventures to facilitate their entry into China and even still hesitate to partake in significant number of joint ventures choosing instead to try to grow through acquisitions.
Opened 14 branches in 9 cities in the s 4.
Citigroup employees are not accustomed to culture of China This figure in not intended to be an all-inclusive list, and does not cover all the reasons supporting either side of the discussions; it is merely a listing of the topics that were discussed amongst the team.
This would give Citigroup more opportunity to expand their operations in even more areas of China. The restrictions placed on foreign companies to protect local banks were very demanding.
Despite this however, Citigroup should proceed with a balance of cautious growth and innovative service offerings and upgrades so that it can compete with other foreign competitors and eventually become the most successful foreign bank in China. Citigroup has NOT displayed adaptability to expand China operations Some of Citigroup's business actions could seem to show their lack of adaptability to expand their operations within China.
Long tenure in China 3.
This has not appeared to be the case. Therefore, Citigroup did not adapt to the environment in China, the banks and the people in China adapted to Citigroup. While initially they may have insisted on taking a global approach to their entry, they have since re-strategized and taken a more local approach: Citigroup also displayed environmental adaptability by providing its new customers with a variety of services that could accommodate their financial needs and wants.
While the eastern coast has higher population of wealthy citizens, there are significant opportunities to reach the population of consumers and businesses in the western area of China.
Citi would install its own management team, while a booming coastal economy would likely mean continued double-digit growth in customer deposits" p.
Figure 1 lists several of the reasons mentioned in the case supporting the different team sides and respective discussions. Today, Citigroup has been around for almost years, conducts business in over countries, has more thanemployees that service over million customer accounts Citigroup, In their Annual Report, they addressed this as: However, developing countries want to protect subsidies, which they say support the livelihoods of low-income, resource-poor fishermen.
The year of the Citi? Citigroup has the opportunity to not only expand its operations in China by entering primarily in the eastern coast but could also look at the western coast markets. High priority on Human Resources 1. November 6, Abstract This summary provides a debate of the Citigroup Corporation.
In their Annual Report, they addressed this as: Civil society groups and marine scientists have called for the agreement to contain a clause on overfishing so it complies with the SDGs, as well as a provision on preventing overcapacity as this contributes greatly to the depletion of fish stocks.
Strategic Management Formulation, Implementation, and Control 9th ed. Liping He and Xiaohang Fan wrote: Citigroup could look at this avenue as an opportunity to be the first major foreign-bank to handle the needs of this area of China. This would give Citigroup more opportunity to expand their operations in even more areas of China.
However, putting all other restrictions aside, the culture in China is very different than the culture in the US. So realizing the need to develop human resources, they were willing to invest in and partner with universities throughout China.
Large global network 6. Advanced technology and accounting practices 8. Companies are chosen not only by their financial statement numbers, but also by the industrial sectors they are in and the qualities of the management team.
Citigroup has not displayed adaptability China is a very unusual market and any U. Citibank, a branch of Citigroup, has developed a strategy for targeting strong SOEs by identifying 10 industries that will develop the fastest in a country and targeting profitable companies within those industries.
As a result of the significant number of regulations that foreign-banks faced, this would create a slower entry rate for Citigroup. The main arguments, debated by Team E, discuss whether Citigroup has displayed adaptability on expanding its operations into China.Running head: Citigroup in Post-WTO China Analysis Citigroup in Post-WTO China Analysis Strategy Formulation and Implementation MGT February 25, Citigroup in Post-WTO China Analysis Introduction Citibank, part of Citigroup, was one of the first foreign banks that entered China over a century ago () and hence has a long.
China entered the World Trade Organization (WTO) in and immediately experienced rapid growth. China was also experiencing problems with state owned. Against Citigroup in China Chinese regulations have historically limited the operations of foreign banks, but with the entry of China into the World Trade Organization (WTO), that is Show More Running Head:.
Running head: CITIGROUP CASE STUDY Citigroup Case Study Citigroup in Post-WTO China Lorenzo E. Pina November 6, Abstract This summary provides a debate of the Citigroup Corporation. The main arguments, debated by Team E, discuss whether Citigroup has displayed adaptability on expanding its operations into China.
Citigroup Has Not Displayed Environmental Adaptability In China CitiGroup in China, An Argument against Citigroup In Post - WTO China Citigroup in post WTO Citigroup's Adaptability in China Market Expansion Citigroup's Adaptability Citigroup Citigroup Citigroup citigroup displays adaptability in china citigroup entering china Running head.
Running Head: Citigroup in Post-Wto China Analysis Introduction Citibank, part of Citigroup, was one of the first foreign banks that entered China over a century ago () and hence has a long history of goodwill in the country.Download