Financial services Essay Example | Topics and Well Written Essays - 4000 words

Financial portions - Essay ExampleFor a Chinese monetary service targetment to establish its roots in UKs financial service sector could be quite an troublesome. However with appropriate strategies particularly grocerying strategies on with accurate market entrance strategy, the placement could chain the height of success it has desired. Even though, the brass section would have to face high competition in the financial service sector of UK, but still the prospects for result are relatively high for financial organization if the organization focuses on cost reduction rather than differentiation. With the right proportion of marketing mix strategies (i.e. product, price, place and distribution) the organization can have the opportunity to win the heart of potential customers and customers in the market. INTRODUCTION figure Financial services are the roots to economic growth and development as such institutions friend private citizens to protect their money from uncertaint y and economic depressions, while enabling several businesses to start up, grow, string out and compete in local and international markets after increasing their overall efficiency. Financial services provided by banks and other financial institutions help in reducing the vulnerability and allow the people to manage their assets in positive ways i.e. generation of income. The purpose of this feasibility analysis is to take into consideration all the incumbent dimensions of the business to evaluate newfangled markets outside China. In order to setup business in a new market, it is essential to evaluate the environment in the host country along with the restrictive framework. This would importantly help in the identification of the critical factors that could help the business to setup accordingly in the new market. In addition, this feasibility poll also provides the institution with several strategies to enter the new market along with the implications of marketing mix strateg ies. Similarly, the STP (i.e. Segmentation, Targeting and Positioning) would also be indentified and evaluated to provide the financial institution with opportunities to be triple-crown in the new market. Finally, the strategies for sustaining the corporate reputation and the brand in new territory would also be defined and explained in the feasibility study. To further enhance the growth of the business in the new market and its territories, several recommendations have been provided to the financial institution. Scope The financial service sector is the largest sector in the military personnel in terms of earnings and this sector plays an essential role in the economic development and growth for any country. The scope of this feasibility study would be to identify the marketing strategies in order to break in the Financial Service organization in new market outside China. In addition, the feasibility study would also provide analysis of the external environment in the host coun try along with the regulatory framework. Similarly, the consumer economics and segmentation would also be indentified in the context. FEASIBILITY ANALYSIS For a financial organization to incorporate its operations in new market outside China it would be essential for the organization to understand the market and the regulatory framework associated with it. In order to successfully infiltrate the banking sector in UK, the business should take following elements under consideration.