International Business emerging in Foreign countries
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1. MULTI-CORPORATIONS EMERGING IN FOREIGN COUNTRY Darlena Pagan
Southern New Hampshire University
2. Abstract In this Power Point, it is based on the background
of Australia and Bank of America. The country has political,
economic and financial risks and benefits. The risks of the country
are uncertain because of election, legislation and governmental
policies but the benefits are property freedom, financial freedom
and other benefits. In slide 3, it provides information on the
background of the country and company. In slide 4, it provides data
on Political, economic, and financial risks. In slide 5, it
provides the benefits of doing business Internationally. In slide
6, it provides the overall risk percentages of the country. In
slide 7, it provides the recommendations on doing business in
Australia. Moreover, slide 8 and 9 are the references I had used
for the Power Point Slides.
3. Country and company background Commonwealth of Australia
Bank of America Independence: 1901 Oceania 22 million people Common
law system based on the English model GDP: $100 billion Real Growth
Rate: 2.4% Unemployment Rate: 5.5% Exports: 252 billion Imports:
250 billion Source: World Fact Book (2014) by CIA Established: 1904
Headquarter: Charlotte, North Carolina Banking and Financial
Services Annual Income: $89 billion Acquisitions: 1983, Washington
State Bank Seafirst Corporation; 1991, Security Pacific
Corporation; 2004, Fleet Boston Financial Corporation; 2006, MBNA
Corporation; 2007, U.S. Trust Corporation and 2009, Merrill Lynch
Source: Encyclopdia Britannica (2014)
4. Political, economic, and financial risks Delay Decision
Making in Legislation Elective Transformation Recession Risk
Macroeconomics Creating Policies Source: Political Monitor
(2014)
5. Political, economic, and financial benefits Property Rights
89.8% Freedom From Corruption 90% Financial Freedom 89.9% Business
Freedom 90% Investment Freedom 90% Source: 2014 Index of Economic
Freedom. (2014).
6. Overall risk indicators 80% Source: 2014 Index of Economic
Freedom. (2014).
7. Recommendations It is recommended that Bank of America
conducts an empirical research. In an empirical research, it is
important to use technology that will analyze the quantitative
and/or qualitative methods of the products, services, and pricing.
In addition, there are a psychological behavior and sociological
relationship that connect with the risks in politics,
macroeconomics, and finance. Psychologically, it is important to
know the political behavior, the price regulations, and culture
behavior, macroeconomic behavior, and how pricing affect buyers,
competition behavior, Competitions CRS, and the financial risks in
the country. Socially, it is important to create a socially
political and public relationship. In addition, it is important to
learn how the socially economic connects to the country and people.
Also, it is important to learn the socially finance connects to the
country and people. Moreover, it is important to learn about the
Australia and New Zealand Bank for competitive reasons, bribery and
corruptions. Also, it is important to learn how legislation had
impact the Australia and New Zealand Bank in the nation.
Furthermore, it is important to compare 2014 Index of Economic
Freedom among other countries for the best results for doing
International Business. Globally, it is important to keep an update
on legislation, election, recession, macroeconomic and governmental
policies.
8. References Encyclopdia Britannica(2014). Bank of America
Corporation, Retrieved from
http://www.britannica.com/EBchecked/topic/51984/Bank-of-America-Corporation
Bloomberg. (April 29, 2014). 2013 revenues at Bank of America
Corporation totaled $89.8B USD, while annual earnings equaled $0.90
per share, Retrieved from
http://investing.businessweek.com/research/stocks/earnings/earnings.asp?ticker=BAC
2014 Index of Economic Freedom. (2014). Australia, Retrieved from
http://www.heritage.org/index/country/australia The World Fact
Book. (2014). Australia-Oceania, Retrieved from
https://www.cia.gov/library/publications/the-world-factbook/geos/as.html
9. References Political Monitor. (2014). Top 5 political risks
for Australia 2014, Retrieved from
https://politicalmonitor.com.au/content/top-5-political-risks-for-australia-2014