Country Risk and Strategic Planning Analysis Essays - Free Essays

Country Risk and Strategic Planning Analysis Essays - Free Essays Country Risk and Strategic Planning Analysis Country Risk and Strategic Planning Analysis MGT 448 November 11, 2013 Country Risk and Strategic Planning Analysis Globalization is more of a necessity than an option in certain markets because of the potential for growth, but before investing abroad, the associated risks need to be known and understood. A country risk analysis can be used to avoid making a decision to expand an organization into a region that may result in financial disaster. Risks that need to be considered include but are not limited to political, legal, regulatory, social, cultural, and technological. Market risks also need to be addressed. After measuring the risks, the planning begins. Regardless of the level of risk, strategic planning is a key component to the success of every organization rather operating domestically or abroad. The foundation of strategic plans involve defining the mission and objectives, performing a SWOTT analysis, choosing a strategy, selecting and justifying a suitable mode of entry for the global product or service, controlling and evaluating performance, and devising a contingency plan. After asse ssing the risks and devising a plan, the next logical step would be taking actions towards global expansion. Political, Legal, and Regulatory Risks Taiwan is considered a low risk in accordance with a country risk analysis, it is seems predictable and transparent in the legal system, and business infrastructure, and their financial system meets the necessary regulatory requirement for a global economy (Economist, 2013) as shown in table 1 Risk Rating. Taiwans relationship with China is considered low risk from a political view. The Taiwan government has privatized and deregulated much of the economy in seeking improvement with it relationship with China, where in China would greatly improve Taiwans economic projections (AMB, 2013). RISK RATINGSCurrentCurrentPreviousPrevious RatingScoreRatingScore Overall assessmentA20B22 Security riskA11A11 Political stability riskA20A20 Government effectiveness riskB29B29 Legal & regulatory riskB22B22 Macroeconomic riskA15A20 Foreign trade & payments riskA18B21 Financial riskB25B29 Tax policy riskA12A12 Labour market riskB32B32 Infrastructure riskA19B25 Note: E=most risky; 100=most risky. The risk ratings model is run once a quarter. (Economist, 2013) Exchange and Repatriation of Funds Risks The exchange and the repatriation of funds risk is denominated is U.S. dollar. The performance is affected in the movement in the exchange rates between the currencies that are held in assets and U.S. dollar. Those exchanges that are control by regulations have caused difficulties in the repatriation of funds. The Taiwans dollar may have shown gains on the speculation of the exporters in converting overseas revenue, but has seen little progress in government bonds (Wong, 2012). Competitive Risk Assessment The global recession that has affected many countries in Southeast Asia. Taiwans competitive risk is still in fluctuation due to the drop in export demand for the United States and other major trading partners. The tradeoff is Taiwans well-educated workforce and pro-business government. This continues to be an attractive region for investors due to low labor costs, natural resources, and the continual growth of it infrastructure (AMB, 2013). Taxation and Double Taxation Risks Taiwans companies continue to expand their operations on global scale. Taxation is greatly influence or control by China. Mainland China has amended their corporate income tax law, where there is a reduction in tax incentives offered to foreign organizations operating locally in Taiwan. Essentially, added income tax withholding on outward-bound earnings fee for the investment structure design. China has adopted different tax policies to be used to help balance trade with countries like the United States, for example, export rebates, and non-tax measures on bond payment of material (Go, 2013). What the outcome is foreign income from Taiwans companies is taxable in that country with double taxation being relieved or forgiven by foreign tax credits. Market Risks (Four Ps) The market risks involve the four Ps, which include product, price, place, and promotion. The products Apple continues to push are the iPad and iPhone. The products must be carefully crafted to appeal to a mass audience especially with the amount of other competition such as Samsung, Google, and Microsoft. Apple continues to stand out in the technological market and stand behind its quality products. The price of Apples goods could be a possible barrier. They are quite expensive because of their standard of quality. However, discounts are made available when the purchase is combined with a wireless carriers telecommunications contract. The place Apple sells its products is worldwide for

Is it Ever OK to Tell Your Boss Youre Looking for a New Job

Is it Ever OK to Tell Your Boss Youre Looking for a New Job It can be tricky when you’re job hunting and trying to keep it a secret from your boss and fellow employees. You might have to  resort to fake doctor appointments or a family emergency to get time off for interviews. In another roadblock, your current job can prevent you from listing coworkers or members of management as recommendations on your resume. Is there any professional way  to tell your boss you’re job hunting to make it easier for yourself?Examine Why You’re Job HuntingBefore checking out those job search sites, you may want to ask yourself why you are planning on finding a new job. Ask yourself if you are looking for a larger salary, more responsibilities, or are using the opportunity to switch career paths. One way to examine your  reasons  for job hunting is to  create a list of positive and negative points of your current job. After completing the list, you will have a good idea why you really want a change.Times When You Can Tell Your Bos sActually, there are times when you can tell your boss you are job hunting without many problems. For example, if your spouse has taken a job in a different city and you are forced to move, it’s fine to share your news. Perhaps you have bought a new house on the other side of town, and the commute would add too much time to your daily routine. Or maybe you  have health problems that could force you to take a job with less stress, or your spouse just retired and you want to work closer to home. Logistical reasons for a job change are fine to share with your boss.Think about the Repercussions FirstHaving a good relationship with your employer can make telling him or her  a possibility. In some instances, if you are an employee who knows you are valued, you might be offered a raise, another position in the company, or added responsibilities as an enticement to get you stay with the job. However, whether you tell your boss is strictly a judgment call. If you call it wrong, yo u could be out looking for a job earlier than you had planned and without the backup of your current position.Timing is EverythingYou’ve been on several interviews and the hiring manager is talking about when you start your new job. Is it time to inform your boss and put in your resignation? Until you have actually signed the contract for your new job, you should  hold off on telling your current employer. You aren’t actually hired until those papers are signed, and someone else might come along and snag the new job you thought you had. When your new contract is signed, then is the time to tell your employer. It is also a good idea to let your new employer know that you need to give notice to your current boss with enough time for a replacement to be hired to fill your position. Your new boss will appreciate your courtesy.Knowing when to tell your current employer that you are job hunting can be an important consideration to protect yourself. Job hunting with the abi lity to find all the listings that suit your position is also important, and there are easier ways than searching through job classifieds. TheJobNetwork can help. After you fill out your work interests and qualifications, TheJobNetwork searches 24-hours a day for listings that match your description and sends those listings to you as an email alert. All you do is sign up for job match alert to get started.