...BANK PAYMENT OBLIGATION: FINANCIAL INSTRUMENTS TO MANAGE RISK IN THE OPEN ACCOUNT TRADE • J.P. Morgan – Michael Quinn, Managing Director, Global Trade Product Management Executive • Qatar National Bank – Imre Gorzsas, Assistant General Manager, Transaction Banking • Moderator: IFC – Bilge Ozisik, Global Head, Trade Operations Trade business evolution • • • • Source: BCG workshop with SWIFT, June 2012 Cross-border trade has more than tripled since the 1980’s Trade is expected to grow by on average 8.7% a year until 2020 Revenue pools are expected to grow by 80% New trade partners: intra-region and South-toSouth corridors (Asia to Latam, Africa) • • • Year on year increase in payment volumes (albeit global macro economic conditions) Trade volumes have remained low or flat over the years +80% trade are on Open Account transactions How can banks take advantage of the trade growth opportunity? Bank Payment Obligation (BPO) – Alternative instrument for trade settlement • A BPO is an irrevocable undertaking given by a bank to another bank that payment will be made on a specified date after successful electronic matching of data according to an industry-wide set of rules. Therefore, a BPO offers: » An assurance of payment » Risk mitigation for all parties » Possible use as collateral for finance • An alternative instrument for trade settlement BPO flows for data, documents and goods Delivery of goods Use minimum fields 4 Carriers 1 8 Purchase...
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...noncomparable basis of research. 3- Implicit in motivating an employee is an understanding of which of the employee’s needs are satisfied at work. Studies on the “meaning of work” indicate considerable cross-cultural differences. 4- A reexamination of motivation relative to Hofstede’s dimensions of power distance, uncertainty avoidance, individualism, and masculinity provides another perspective on the cultural contexts that can influence motivational structures. 5- Incentives and reward systems must be designed to reflect the motivational structure and relative cultural emphasis on five categories of rewards: financial, social status, job content, career, and professional. S9: HRM focus on international – Chap 10: Developing a Global Management Cadre Key points 1- Expatriate career management necessitates plans for retention of expatriates during and after their assignments. Support programs for expatriates should include information from and contact with the home organization, as well as career guidance and support after the overseas assignment. 2- The expatriate ‘spouse plays a crucial role in the potential retention and effectiveness of the manager in host...
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...Table of content 1. Executive Summary page 2 2. Introduction page 2 3. Present Trade Position page 3 3.1 Current Account Deficit page 3+4 3.2 Net Foreign Debt page 4+5 4. Australia’s Trade Policy page 5 3.4 Trade Liberalization and Protection in Australia page 6 3.5 The Australian Dollar page 6 3.6 SWOT (Strength, Weakness, Opportunities Cost and Threat) Analysis page7 3.7 CBA for Structural Reform page 8 4. Conclusion page 9 5. Recommendation page 9+10 6. Reference page 11 1. Executive Summary The purpose of this report was to analysis present of Australia’s trade position and prepared a plan for improving Australia’s position. Specific objectives were to identify key economic problems in term of trade and current account. Problems and solutions were found in the trade and current account though Carbon tax with high Australian dollar is likely to force radical structural reform on the economy and the manufacturing. The report recommends using structural reform to improve Australia’s trade position. Furthermore, Carbon tax initially acts against competitive international trade. In the long term, it can offer solutions to the two sector economy. 2. Introduction Since the onset of the East Asian economic and financial crisis in late 1997 the Australian economy has continued to record strong growth...
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...SWOT Analysis LM Ericsson By CS; EN; HD; KZ; X H Content 1 Background 2 1.1 About Ericsson 2 1.2 Strategic Sourcing Department 2 2 SWOT Analysis 4 2.1 Strength 4 2.2 Weakness 5 2.3 Opportunities 6 2.4 Threat 7 3 Conclusion 9 Reference 10 Background 1 About Ericsson Ericsson is a world-leading provider of telecommunications equipment and related services to mobile and fixed network operators globally. Over 1,000 networks in more than 180 countries utilize Ericsson’s network equipment and 40 percent of all mobile calls are made through our systems [1]. Ericsson is one of the few companies worldwide that can offer end-to-end solutions for all major mobile communication standards. The company has a global presence supported by strong base of R&D activities. Increasing demand for smartphones and mobile broadband infrastructure gives an opportunity to strengthen its business performance. However, increasing competition and regulations could adversely impact both its business operations and financial position. • Core Value Respect, professionalism and perseverance are the values that are the foundation of the Ericsson culture [1]. • Main Business Networks, Multimedia, Global Services, ST-Ericsson • Main Competitors Huawei, Nokia Siemens, Alcatel-Lucent, ZTE 2 Strategic Sourcing Department Strategic Sourcing was created to manage Ericsson’s Category, Partnering, Supplier...
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...entry to China’s ice cream market. It uses SWOT analysis approach analyses the company’s strengths, weaknesses, opportunities, and threats. The report has identified a general marketing entry strategy which will help the company developing new market effectively. It contents the introduction of the Turner’s company in brief, the Chinese ice cream market, the SWOT analysis and the suggested marketing entry strategy. The Turner’s Ice Cream in brief The Turner’s Ice Cream was founded in 1950. Two years later, “Verona” rang of flavoured ice cream was introduced. By 1960, the company had over 30 outlets along the south coast of England, and by 1988, there were 250 Turners’ shops around the UK. The company has recently launched a franchise option, and there are now 14 franchisees operating near key tourist centres in England, Scotland, and Wales. Turner’s ice cream has justifiable acquired a high quality, upmarket image, and the company has continued to emphasise traditional values, traditional products, and traditional ingredients. From 2004 to 2006, the company’s sales stood at around 1.5 m GBP, trading profit reached 1.1 m GBP. The company’s profile looks OK, but there is no doubt that times are getting harder. The UK ice cream market previously is dominated by three large players – Walls, Lyons, and Cadbury – Schweppes. The competition has been highly stiffer all the time, and things are becoming even worse with more and more global varieties of ice cream find their way to...
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...Irelands, but has experienced some recent turmoil. The economic situation is still very strong, but has been in a slow and pretty steady decline caused by the Asian financial crisis and the recession. We learned they are a typical high context culture with strict rules, and long decision times. As well they are a technologically advanced culture with good infrastructure. To look at the relation of our product in the market we used the diamond analysis. This showed that Japan has a great work force, and good access to relating and supporting industries. There is also an established demand for potato chips, but seems to be a gap in the market that Tayto could exploit. The SWOT took a much closer look at Tayto and determined that even though it has a strong presence in Ireland and the UK it is still not a huge global player. It also pointed out some cost cutting opportunities, via FDI and further emphasised the large population as an opportunity for Tayto it also made clear that competition in the snack industry is everywhere, and the costs of setting up a business via FDI could be very high. Finally we drew the conclusion that given all the positive and negative aspects, Japan posed much too good a market to pass up. It was recommended that Tayto engage in an exportation strategy to minimize risk and cut initial costs. Table of Contents Academic Integrity 2 Executive Summary 3 Introduction 6 Company Overview 6 Country Overview 6 PEST Analysis 7 Political Analysis...
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...Indian Apparel Industry: The Indian apparel industry adds 14% to the industrial production and 4% to the GDP of India. The Indian Apparel Industry is one of the largest sources of foreign exchange flow into the country with the apparel exports accounting for almost 21% of the total exports. The market is highly competitive with 65000 garment units in organised sector. Top 3 competitors are Arvind Mills, Madura garments and ITC Lifestyle. SWOT analysis of apparel industry Strengths: • India has high Sufficiency for raw material • Cultural diversity offers good base for designers • Increasing urbanization and purchasing power of Indian youth Weaknesses: • High power cost and long export lead times • Low productivity of apparels as compared to global competitors • Reliance on imports for synthetic yarns Opportunities: • World textile trade growing at 5% annually • Integration of information technology • New market access through bilateral negotiations Threats: • Shortening of fashion cycles • Opening of domestic market for foreign players • Formation of trading blocks like NAFTA, SAPTA, etc The business strategy of Xtreme fashions is driven by its vision, mission and core values and it addresses the five forces of market. 1. Differentiated Product and Store Environments: Owing to the demographic diversity of India, Xtreme creates product differentiation by incorporating local tastes and trendy designs. Stores are designed to provide a cultural...
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...relationships, such as Rio Tinto and Coles Myer. This will add to their corporate prestige and experience. There are some issues outstanding that must be addressed with management before the loan takes place, such as the use of the funds and the reasons for undertaking expansion at a point where a more guarded policy should perhaps be taken in the light of global economic events. The company also has some publicity issues that could be rectified through a simple marketing plan – thus gaining many small, but important clients. The analysis is broken down into 4 major components: 1. Introduction (pages 2-4) 2. Broad Business Analysis (pages 5-10) 3. Credit Risk Profile (pages 11-15) 4. Financial Statement Analysis and Comparison (pages 16-19) Overall, Wridgways appears to be a very promising company with great potential for growth, given a more stable global market. Monash Bank will, by offering this loan, be able to conduct further financial operations with Wridgways, leading to a prosperous future for both institutions. It is the belief of this report that Monash Bank, given some extra negotiations with management to resolve outstanding issues, should undertake the loan for Wridgways. Lending...
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...government due to suppliers’ treatment concern. However, strategic supply improvements remain the main concern for most supermarkets for the past years (Auboin 2007). Analysis of Challenges in Tesco Company SWOT analysis of Tesco challenges provides the intended knowledge on: • Strengths of the company • Weaknesses of the company • Opportunities available for expansion in other nations • Threats and challenges likely to be encountered as a result of current and future market competition at global and regional levels. There are a number of strengths that Tesco can base its stamina in the growing market. However, Tesco’s market strength can largely be improved through increasing the market shares. This policy is an excellent strength that determines its stability in the competitive market (Stephen 2011). There are several weaknesses that challenge the development of Tesco as outlined in SWOT analysis. For example, reliance upon the UK market affects the market share due to unexpected changes in economy (Cateora 2011). Tesco’s greatest opportunity lay in the fact that UK’s beauty and health continues to grow. Hence, Tesco continues to invest in the beauty industry, and currently having over 200 stores for medicine. Finally, SWOT analysis points that international improvement is expensive to achieve. Thus, entering new markets and with modern...
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...PLAN Introduction * What you are going to be reporting on (Company, challenge, PESTLE, SWOT, 5 Forces, CVF – MUST have an explanation of what it is) The Organisation The industry – supermarkets, news, journals * Market Share – who controls the market * Current news? * PESTLE – table and a SUMMARY! * Competitors – 5 forces table + competitor table Organisation - Tesco * Background * Statistics * etc * SWOT Challenge * Define it * In relation to company Recommendations * CVF – where should Tesco be Conclusions TESCO AND GLOBALISATION This Essay would contain information on Tesco as an industry and organisation. It would also analyse Tesco using the four models; PESTLE, SWOT, Porter’s 5 forces and the competitive value framework (CVF). An in-depth look into the term globalisation, its advantage and importance as well a the global challenge Tesco is currently facing, its competitor and how they have reacted to globalisation and recommendations on how to handle their global challenge this paper would contain. Jack Cohen first formed Tesco. This happened in the year 1919 when he first opened up a stall in the East end of London. Tesco started out as a very small business and it did so on the platform of sole proprietorship however today, Tesco is one of the world's largest retailers with a clear, proven growth strategy. It has over 492,000 employees and about 5,300 stores...
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...4. Understand that every market has different demands & changes every few years 5. Analyse, "Position" and Modify Your Products 6. If You Fail To Plan, You Are Planning To Fail 7. Build A Network 8. Develop "Export Inquiries Handling Rules" 9. Negotiating Is An Art 10. Be Aware Of Frauds 11. Be Market- And Customer - Focused 12. Be Prepared To Meet Growing Demand 13. Be Prepared To Spend Time And Money 14. Make Decisions On A Commercial Ground 15. Don't Try Too Much At The Beginning And Don't Grow Too Fast Legal Notice Before You Export - Get Ready 1. Where to start? Build A Corporate International Image Your credibility is a key to your global success. Even if you run a small company, you should present yourself internationally as a solid and reliable potential partner. Some little changes and touches will add considerably to your global appearance. Adapt corporate stationery to your export activities - add international dial-up code and word "Australia" to contact details. Develop company logo Always sign out-coming correspondence indicating you job title, company name and contact details, for example: John Smith, Export Manager Australian Trading Company Pty. Ltd. 124 Deakin Avenue Mildura VIC 3502 Australia Phone: 61 3 502 6776 Facsimile: 61 3 502 7667 E-mail: export@export61.com.au Web: www.atc.com.au When talking to prospective buyers, don't say "I" - always say "We" and so on. Talk To Others Investigate if there is any government programs or other assistance available...
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...Strategic Plans BSBMGT616A Hiran Fernando Contents About Graincorp 4 Graincrop’s mission 4 Key objectives of Graincorp 4 Manage earnings through the cycle and pay consistent dividends 4 Improve shareholders returns 4 Growth as an international agriculture business 5 Key goals 5 Key Performance Indicators 5 How Graincorp monitor KPI’s 6 Industry environment 6 Competition 6 Bargaining power of customers 6 Bargaining power of suppliers 7 New entrants 7 Threats of substitution 7 Internal Environment 7 Strategic resources of Graincorp 7 Tangible resources 9 Physical resources 9 Financial resources 9 Human resources 9 SWOT analysis of Graincrop 10 Threats 10 Competition 10 Climate Change 10 Land Degradation 11 Opportunities 11 Cash Available 11 Global Demand for Agricultural Products 11 External Environment 12 Political Factors 12 Social/Cultural Factors 12 Technological factors 12 Economical factors 13 Indicators of the overall macroeconomic condition and economic functioning include Gross domestic product, unemployment rates, and price indices. 13 Bibliography 13 About Graincorp Graincorp was formerly part of the New South Wales government’s Department of Agriculture. In 1916 Graincorp was established as a grain elevators board. In the mid-1980’s grain elevator’s board had changed to a grain handing authority and when the passing of the NSW Grain Corporation Act, the company became the first...
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...2012 Contents Contents 2 Economic inspection in South Africa 3 The New Growth Path and Industrial Policy Action Plan 8 Investment promotion and facilitation 12 South Africa’s investment landscape 16 Government management of incentives program 19 Catalogue of incentives 20 About PEST and SWOT 22 PEST analysis 23 SWOT Analysis: 26 Соnclusion 28 Sources 30 Economic inspection in South Africa Trade and investment policies are critical for addressing the development challenges of Africa and achieving sustainable economic growth for the region. EDIP's work is broadly divided into three streams: (1) Research on global economic governance in order to understand the broader impact on the region and identifying options for Africa in its participation in the international financial system. (2) Issues analysis to unpack key multilateral (World Trade Organisation), regional and bilateral trade negotiations. It also considers unilateral trade policy issues lying outside of the reciprocal trade negotiations arena as well as the implications of regional economic integration in Southern Africa and beyond. (3) Exploration of linkages between traditional trade policy debates and other sustainable development issues, such as climate change, investment, energy and food security. SAIIA (South African Institute of International Affairs) gratefully acknowledges the Swedish International...
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...BUS 321 Marketing Page 1 of 9 Mid-term Addition Group Assignment April 17, 2007 How the EU is Changing the European Market By Page 2 of 9 Q.1.) Relate this story to the concept of SWOT analysis. Can you find any examples of leverage, problems, constraints, and vulnerabilities? Government officials envision the EU as a single market, an area without internal frontiers in which the free movement of goods, person, services, and capital is assured. This is a tall order in the current European Market as huge benefits are plentiful for some and lacking for others. The countries that are members of the EU house an regulatory environment with which local and multinational firms operate. What is the cost of the current situation for the European Union? The EU is one of the world’s biggest investors in promoting economic and social growth to the European markets. The European Union considers Foreign Direct Investment (FDI) as one of the key solutions to promoting development, economic and social growth to the European Markets. It is within the scope of framework that the EU follows a pro-development approach of long-term investments that will generate stable employment and growth for the European marketplace. The European banking industry has been slow in converting into a modern means of investment opportunities and lacks standardization of banking rules and regulations...
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...Acknowledgement We were given the opportunity to make a report on Export Strategy of Bangladesh. To complete the report we faced some obstacles, but managed to complete the case within the given time constraint. It would not have been possible without the guidance and assistance of certain people. At the very beginning I would like to express my gratitude to Almighty Allah for enabling me to prepare this report. I express my gratitude to Mr. ABM Siddique, for his kind permission to allow me for three months practical example. I am also thankful to all other departmental heads, official, teachers, for their sincere co-operation and support. Last but not the least; it would not be possible without the help of member of our group. This report is very much effective for a student to get the practical knowledge of the situation of export strategy in Bangladesh. Table of Contents |Sl. No. |Chapter |Topic |Page No. | |01 |One |Introduction |03 | | | |Background |03 | | | |Export policy of Bangladesh |04 | | | |Major Export...
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