Introduction
Even in the midst of the challenging domestic and external environment, organizations are expected to remain strong particularly in investment prospects. The mission and vision of an organization should be the driving force of the entire enterprise to remain effective and bring the local support and raising the opportunities. As part of the integrated operation and long-term success of an organization, there should be a continuous economic, political, and market development that are favorable in the investment functions of the organizations.
Manulife Financial Corporation (MFC)
Manulife Financial drives the MFC Global Investment Management that provides the comprehensive asset management solutions for institutional investors, investment funds and individuals in key markets around the world. The financial investment and management extends in a full range of services such as real estate, oil and gas, and others and has offices in Canada, China, Hong Kong, Indonesia, Japan, Malaysia, Philippines, Singapore, Taiwan, Thailand, United Kingdom, United States, and Vietnam. The well recognized of investment management offers the worldwide expertise because of the strategic function regarding the local and international environment knowledge and strong risk management framework (MFC Global, 2009).
Core Competences of the Corporation
Because of the continuous success of the organization and the expansion of the investments, the Manulife Financial continuously became attractive in the various types of investors across the world. The core competencies that are identified associated and interrelated with the organization are its population or people, the government in the local and international markets, the economic environment, and capital markets of the countries.
Population is considered to be the most attractive features of the organization because of the young, low cost and educated workforce. The investors became attracted to the people that offer the best qualities in their work yet do not compromise the results that an organization can be gained.
Government is another factor for the competency of the organization. Because of the focus of the government towards economic liberalization, the fiscal and monetary policies executed in the country can stimulate the plan of the organization towards supporting the growth of the economy and social stability.
Economic Environment of the countries is also important that adds value to the competency. A country that has attractive market for foreign direct investment can increase or accelerate the growth of the country as well as the organization. In the local or domestic settings, the export or trading activities, in particular, can be strengthen which results to the continuous relationship of the organization and the country in achieving their potentials.
Capital Markets of the countries are developing fast, which makes an advantage to the organization. If there is positive return on investments, the investors can significantly lessen their anxiety. The increase in the market capitalization and investments is a sign that the country recognizes the economic growth. In addition, the organization can create a significant effort to achieve the potentials in industries to have a rapid economic growth.
Core Resources
The core resources that is present if the management is the investment and outsourcing support they gained from the investors. Because of the quality services they provided, the investment management that the organization provided became the trump card of the Manulife Financial Corporation to serve the millions of customers. Keeping the close relationship with the investors became the front-line of the organization to formulate their solution in attracting the capital markets of the countries. This emphasizes the investment management of the business that supports their broad range of investment and operation.
Manulife Financial also engaged in acquisitions and using system that can appropriately serve the outsource services solution in a multi-phased approach. Because of the cohesive global planning and platform of the Manulife Financial, the creation of the MFC Global Investment Management is created and operating in the U.S., Toronto, London, and even in Asia (Thomson Reuters, 2009).
Conclusion
Within the organization, it is obvious that Manulife shows the strategic, tactical, and focused management. These three aspects play an important role in creating the future success of the organization. The internal environment of the organization is almost the same like the other organizations across the globe. However, they only differ because of the management, control, and strategy being implemented in the entire system. The involvement of professionalism among its people and process is also important to serve successfully and be the leading financial services worldwide. By understanding the people and timely operations, the comprehensive service and support of the organization became its strongest foundation.
References:
MFC Global, (2009) Asia Intelligence: Special Report from Vietnam, MFC Global Investment Management, Accessed 02 Aug 2010, from http://www.mfcglobal.com/pdf/asia_intelligence_vietnam.pdf
Thomson Reuters, (2009) Thomson Reuters to Provide Investment Management Outsourcing to Manulife, Accessed 02 Aug 2010, from http://www.bobsguide.com/guide/news/2009/Mar/30/Thomson_Reuters_to_Provide_Investment_Management_Outsourcing_to_Manulife.html
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