Analysis Of A New Business Environment – Challenges, legal systems

A regional bank has decided to open an office overseas for serving those businesses that are expanding internationally. Choose a country with a large financial center that you believe would be helpful to your customer base.

  • Discuss some of the challenges you may face in this new environment.

    • What are the cultural, ethnic, social, and educational characteristics?

  • Describe the political and legal systems.

  • How much does the government intervene in the private sector?

    • How will that affect your financial institution?

  • What type of economic system does it have?

    • What is the history of that economic system?

  • How is the country involved in international trade?

    • How does the government get involved in trade issues?

    • Will that help or hurt your financial institution?

  • Will your presence in this country be helpful in your attempts to invest in other developing countries?

  • Is this country involved in any regional integration efforts? How so?

  • Why did you choose this location for your bank?

  • As a manager, what would be your overall assessment about whether you want to pursue opening an office there?

    • Are the financial risks worth taking?

    • Will it be beneficial to all of the stakeholders?

    • If you decide to pursue this, what type of presence do you think would be best suited to your objectives?

    Objective:

    • Discuss current management practices and principles used in the current global business environment.

    • Summarize the opportunities and risks of doing business in foreign countries.

    • Explain how differences between foreign and domestic environments impact the conduct of business.

    • Describe how global managers are able to influence management decisions despite cultural and language differences.

    • Compare alternative organizational structures for international operations.

    • Discuss strategies organizations can pursue for international market expansion.

    • Use effective communication techniques.

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