Discuss the following:
Your first task is your own Key Assignment Outline to the discussion area so that other students are able to review your plan. Attach your document to the main discussion post, and include any notes you feel are appropriate. The purpose of the assignment is to help improve the quality of the Key Assignment Draft you will complete next week.
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?
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?