Swat Analysis of Woori Bank

Course: Human Resource Management (H 501) List of Assignment • SWOT ANALYSIS Of WOORI BANK Prepared for: Khair Jahan Sogra Professor Institute of Business Administration (IBA) University of Dhaka. Introduction: Woori Bank is a South Korean bank operating in Bangladesh from 1996. In this paper SWOT Analysis of Woori Bank different aspect of this bank was described. As its an authorized Bank different sensitive issue like their Financial information, Employment policy, HR policy ,Client list are consciously excluded in this paper. Woori bank has a strong background in their home country South Korea .

To expand its horizon they open their offices in 14 different countries. Bangladesh is one of them. Although they relatively started in very small scale now they are relatively strong in their Offshore Banking sector in Bangladesh and recently re launch their retail banking with various new products. At first we will describe about SWOT Analysis then we will show SWOT Analysis of WOORI BANK . SWOT ANALYSIS: A SWOT analysis is a subjective assessment of data which is organized by the SWOT format into a logical order that helps understanding, presentation, discussion and decision-making.

The four dimensions are a useful extension of a basic two heading list of pro’s and con’s. SWOT analysis can be used for all sorts of decision-making, and the SWOT template enables proactive thinking, rather than relying on habitual or instinctive reactions. The SWOT analysis template is normally presented as a grid, comprising four sections, one for each of the SWOT headings: Strengths, Weaknesses, Opportunities, and Threats. SWOT analysis is a very flexible tool. Its use is not restricted to business and marketing. SWOT ANALYSIS – different applications

SWOT analysis is a powerful model for many different situations. The SWOT tool is not just for business and marketing. Here are some examples of what a SWOT analysis can be used to assess: • a company (its position in the market, commercial viability, etc) • a method of sales distribution • a product or brand • a business idea • a strategic option, such as entering a new market or launching a new product • a opportunity to make an acquisition • a potential partnership • changing a supplier • outsourcing a service, activity or resource • project planning and project management an investment opportunity • personal financial planning • personal career development – direction, choice, change, etc. • education and qualifications planning and decision-making • life-change – downshifting, relocation, • relationships, perhaps even family planning. WOORI BANK SWOT |Strength: |Weakness: | |Customer Service, “Customer is King’ Motto; |Single Branch Banking; | |Technological Advancement; |Single Sector

Investment Concentration; | |Strong Global Network; |Need for development of Long Term Vision; | |Efficient Manpower; |Need of development of Interbank relationship; | |Adequacy of Foreign Currency and competitive pricing; |Need for Re-engineering of departmentalization and | |Strong Financial Stability and Strong Growth: Asset |overall organizational structure; | |growth 18% and FCB’s Growth 27% from 2004-08; |Need for modernization & innovative products | |Stable Local Market growth; | | |High Profitability: | | |Well regulated and managed financial system with strong| | |control, transparency and accountability to the central| | |bank; | | |Opportunity: |Threats: | |Openness of Central Bank to adopt new technologies, |Unfavorable Political Environment; | |products and ideas; |Intense Market Penetration and competition in future; | |Opportunities to capture investors under FDI from South|Key Staff Retention; | |East Asia; |Depth & lack of Efficiency of Capital Market; | |A good place for investment & High returns; | | |Investment Banking & Merchant Banking; | | |Limited Number of Bank License; | | |A Big Market to Capture; | | |Market for New Financial Inclusions & Products; | | |Faster Development of Financial Sector along with Real | | |Sector in near future; | | MISSION OF WOORI BANK:

Woori Group‘s mission is to be the leading financial group with global capabilities. Woori Financial Group promotes competitiveness on the basis of ‘One-Firm Approach. ’ Woori’s mission is to become Number 1 Korean bank in four areas: financial services, asset quality and profitability, management support and manpower. To achieve that mission their strategy is to employ highly talented and professional staff who will provide superior financial service while aiming at customer satisfaction. The mission Woori Bank Dhaka branch is to deliver optimum values to the customer, employees and to the nation . Synonyms of CHANGE 1. alter 2. modify 3. vary 4. transform 5. revolutionize

Gummy Candy

Gummy worms Gummy worms are a common variation first introduced by Trolli a brand of the German Mederer GmbH (note that the American branch is owned by Kraft Foods since 1996) on July 15, 1981, the 60th anniversary of gummy bears. The average gummy worms created by Trolli are about two inches long. Each gummy worm varies from four inches to ten inches and has two different colors and flavors that mix in the middle of the gummy worm. Some other brands of gummy worms have more than two colors, and are longer than the original Trolli Brite Crawlers, and may have a sour coating or other variations.

Bottles Cola bottles are sweets in the shape of classic Coca-Cola-style bottles with a cola flavor. Numerous companies produce them. “Fizzy Blue Bottles”, made by Lutti (formerly part of the French division of the Leaf Candy Company, now controlled by a private investment group), are sweets typically found in a pick and mix selection. They are very similar to cola bottle gummies in shape, but blue and pink colored and usually sour. “Blue Bottles”, a variation from another company, have small rims around the sides, and are chewier and thicker, with a sweeter taste.

Rings Ring shaped gummy candy that is often covered in sugar or sour powder. The most common and most popular flavor being the peach ring, but other flavors include green apple, melon, blue raspberry, strawberry, and aniseed – although these are typically coated in chocolate. A commonly know producer of gummy rings is Trolli, for which the gummy rings are an important asset. Red Frogs In Australia, jelly confectionary in the shape of frogs has been very popular since the 1930s.

They are colored red or green, although they are usually referred to as “Red Frogs”. Road Kill Gummies In February 2005, following complaints by the New Jersey Society for the Prevention of Cruelty to Animals, Kraft decided to stop production of the controversial Trolli U. S. Road Kill Gummies. The society complained that the products, shaped as partly flattened squirrels, chickens and snakes, would give children an incorrect message on the proper treatment of animals. Health considerations

Along with chocolate, chocolate chips and buttons, fudge, chocolate coated nuts and fruit, bubble gum, lollipops, toffee, jelly beans, marshmallows, sherbet, and Turkish delight, gummies landed on the “What’s out in 2009” list for some Canadian schools. Scientists have studied adding tooth-protecting sugar substitute xylitol to gummies to fight tooth decay. An audit in parts of Victoria, British Columbia is planned for 2009 to ensure the government ban on selling the confectionary in school canteens and vending machines is obeyed.

The Best Vacation

What is your favorite vacation spot? I was finally entering “India” again, after a month-long sojourn into a world of Himalayan calm, yoga and Tibetan Buddhism (Dharamsala hardly feels like India). Was I ready to free fall back into the masala mania? While the traveler in me was excited to get back on the explorer’s road; the solo gal in me was dreading it. Having found roots for a month in my yoga-family cocoon, I wasn’t thrilled with going back to solo-roughing it. Fortunately when you flow with the universe, it provides you with what you need; thankfully, it granted me friends who wanted to visit the next city on my list– Amritsar.

I inhaled the new landscape, watching our six hour drive go from Dharamsala’s plush mountain valleys to arid Punjabi farmland, bhangra beats and turban coiffed men on motorbikes. Well-paved roads, an organized city layout and a stunning jewel of a gurudwara (the Golden Temple), we had arrived in the proud city of Sikhism. Was this India too? That warm and romantic feeling towards travel came over me again. India had surprised me with a different face again. Amritsar was nicer and proudly distinct over other Indian cities and towns I’d been to layers cleaner too! The best vacation I had; even though it was short.

But what can you see in Amritsar, if you’re short on time? The Golden Temple is an enormous Sikh Temple located in the heart of city Amritsar, and is the most important place of holy pilgrimage for the Sikhs. It is a powerful monument of immense historical importance that represents the magnificence and strength of the Sikhs spread all over the world. The glorious temple is a living example of the spirit of tolerance and acceptance that the Sikh philosophy propounds. In the other temples, the devotees have to climb up to offer their obeisance but, in the Golden Temple, devotees have to step down to offer their homage.

You don’t have to worry about not being able to find it as the temple walls dominate the surrounding views and the throng of people and cycle, scooters, moving to, from and around it will point you in the right direction. For a nice change entrance to a holy shrine is free. You are requested to remove your foot ware and cover your head before you enter the main temple complex, although you can get the right idea of what to do by looking around. I’m sure if you make a mistake a helpful temple guard or pilgrim will set you straight. You can leave your shoes and bags quite safely at one of the drop off points.

The Temple itself is a beautiful shrine found in the center of a crisp, clean and fresh man-made lake with fish swimming in the shallows and some shady spots under trees which erupt through the marble periodically. 750kg of Gold were used to make the temple. Not only is the Temple itself breathtaking, but the feel of the place is incredible. There is something tranquil, moving, relaxing and inspiring about sitting in the shadows of this testament to the Sikh faith. You really don’t have to be in any way religious to appreciate it – and even if you’re not there is bound to be something of the spiritual which rubs off on you here.

You could easily while away hours here (as I did! ) – And it’s worth visiting at different times of day to appreciate the changes in light. There is constant recital from the Sikh Holy Book which acts as a fantastic soundtrack to the whole experience. Words, at least my words, cannot accurately describe the feeling of peace and tranquility that radiates all around in this temple. Its architecture represents a unique harmony between the Muslims and the Hindus way of construction work and is reputed as one of the best architectural wonders of the world.

It is often quoted that this architecture has created an independent Sikh school of architecture in the history of art in India. Enjoy the humor of the India – Pakistan border crossing performance. You have to see it to believe it and when you do, you’ll want to see it for yourself. Then I went to visit the Mata temple. If you’re into a unique temple experience with a bit of camp, then the Mata temple is the second to the gold in Amritsar. Guidebooks don’t call it a labyrinth for nothing. Devoted to a female saint, Lali Devi, walking through this Hindu temple is like taking a journey through different houses and god/goddess sectors.

You’ll walk up and down staircases, duck through low arches, wind through corridors and trudge through water — it’s a bit of a workout but it’s sure to keep you entertained all the way. Oh yeah, if you’re a woman looking to get pregnant, this is where you’d want to pay your respects! Shri Durgiana temple was the other place I visited. Durga is the mother of all goddesses. Her temple is a 20 minute walk from the Golden Temple and resembles it as its set in the middle of a large pool of water. Receive holy blessings & look a little silly (but hey, who can’t use a little luck? ).

Watch a baby celebrate his first birthday. When children (girl or boy) turn one year old, they receive a ‘baldy’ shaving at the temple. “Unbelievable” I yelled out that evening after seeing the city all around in two days. Explore the variety of shops and street vendors. Variety of foods to eat, my most favorite was dosas. Dosa is a kind of a thin, crispy crepe which is contains cheese, spinach, veggies, etc… and a side dish of dip. I can say trip to India, seeing the Himalayas, different temples in the city of Amritsar, but especially Golden Temple was the best vacation I ever had.

In the above essay the first two paragraphs are narrative. Since a narrative relies on personal experiences, it often is in the form of a story. I used this technique, and make sure I included all the conventions of storytelling: plot, character, setting climax, and ending. It is usually filled with details that are selected to explain, support, or embellish the story. All of the details relate to the main point the writer is attempting to make; in this case is the best vacation. The verbs are vivid and precise.

The sentences used in third, fourth and fifth paragraphs are descriptive. In these paragraphs I have a particular reason for writing the description that is about my best vacation. Getting in touch with this reason it helps me to focus on description and imbue the language with a particular perspective and emotion. Ultimately, whatever I perceive or experienced I focus on the descriptive writing. I used both narrative and descriptive sentences in the whole essay. It starts with the narrative sentences and relates to each other with descriptive sentences.