Unit 39: Investigating International Business P5: Understand the Strategies Used by International Businesses

3464 Words Sep 10th, 2013 14 Pages
Unit 39: investigating international business
P5: understand the strategies used by international businesses page: 14

Unit 39 is all about investigating international business. This P is the final assignment. My suggestions are approved by the financial department as well as by the board of directors. My senior made me in charge of the strategy. The next step to take before entering Australia is to construct a strategy about how this will take place. In other words, I have to develop a strategic plan how you are going to enter Australia. A strategy in nothing more than a decision making with well-considered arguments. I need the previous findings of P1, P2, P3
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Threats in Australia * New market competitors (possibility for competitors to offer similar products) * Economic downturn
Economic depression would make BIT less likely to be implemented. People would like to have food more and not expend on things like this. The government’s concern would also be how to feed his people and not use the money for things that are not that of basic needs. * Artificially created biometrics
Inputting artificially created biometrics (e.g. artificial fingers, high-quality voice recordings, image of the iris), or in other words, fake biometrics would be a hurt to the biometric system itself. * Different attacks at the system
There’s a great possibility of developing a technology that can access biometric systems through input ports and surf the data-bases.

PESTLE of new market
Australia is a safe destination for investment. The country's political and regulatory environment is stable, open and progressive, providing investors with a high degree of confidence and certainty.

Australia's business friendly regulatory environment is undisputed. In 2006, the OECD cited Australia’s approach to regulation as a best practice benchmark for other OECD countries.

Australia was identified as having the fewest restrictions on product markets of the 30 OECD countries, the least public ownership of

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