bmgt364.10.18.2010

bmgt364.10.18.2010 - © 2006 Robert H Smith School of...

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Unformatted text preview: © 2006 Robert H. Smith School of Business University of Maryland Managing in a Global Environment Where to go Global? How to go Global? © 2006 Robert H. Smith School of Business University of Maryland © 2006 Robert H. Smith School of Business University of Maryland IMF View of Singapore’s Success 1. Budgetary discipline 2. Delayed gratification (savings) 3. Market mechanism for efficient resource allocation 4. Social inclusion through providing economic opportunities 5. Capable and honest government 6. A long-term vision 7. Policy of win-win relationships with MNCs- Henry Ghesquiere, ex- Director of IMF- Singapore Regional Training Institute http://www.youtube.com/watch?v=PVP1GdvD2L4 http://www.youtube.com/watch?v=QkSR9TVC6OY http://www.youtube.com/watch?v=2SRcprSCTiI © 2006 Robert H. Smith School of Business University of Maryland Singapore Rankings • Economic Performance – Ranked No.2 worldwide as the city with the best investment potential for 15 consecutive years. • Competitiveness & Business Environment – Ranked first for having the most open economy for international trade and investment – World's easiest place to do business – Ranked the most competitive country in Asia - and is No. 3 worldwide • Business Legislation and Efficiency – First in the world for having the best protection of intellectual property. – Least bureaucratic place for doing business in Asia. • Government – Ranked 4th in the world and 1st in Asia for having the least corruption in its economy. • Labor – Singapore offers the best skilled labor in Asia Pacific. • Foreign Living – Foreign talent rank Singapore as Asia's best country to work in. – Immigration laws for foreign talent are the least restrictive in the world. • Innovation – Named the world’s most innovative country by Boston Consulting Group in March of 2009. It beat nations which have strong innovation traditions, such as the US (No. 8), Japan (No. 9), Germany (No.19) and South Korea (No. 2). © 2006 Robert H. Smith School of Business University of Maryland The Gulf Cooperation Council • GCC nations are: the United Arab Emirates(U.A.E.), Saudi Arabia, Kuwait, Bahrain, Qatar and Oman. • These states‘ combined 2006 budget surplus was $120 billion or $3,000 per person. • Multinational companies can enter the GCC market through a simple distribution arrangement, or a joint venture, or via direct ownership and management. • Multinationals doing business in the GCC should understand how finance is conducted to comply with Islamic law. • Cultural nuances distinguish Gulf States from each other. • Saudi Arabia has two-thirds of the GCC’s population and produces half of the region’s economic output....
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This note was uploaded on 02/07/2012 for the course BMGT 364 taught by Professor Wellman during the Fall '08 term at Maryland.

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bmgt364.10.18.2010 - © 2006 Robert H Smith School of...

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