Question Tag: Globalization

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BSIM – OCT 2022 – L3 – Q1 – Issues Affecting Financial Institutions and IT Leverage

Discuss major issues affecting financial institutions like Ghana Bank and ways IT can be leveraged for competitiveness.

Question

Ghana Bank is a major retail bank in Ghana with branches in three English-speaking West African countries. The bank’s physical presence in the major cities has helped to establish the company as a market leader within the sub-region. Despite their sub-regional dominance, the Chief Executive Officer (CEO) is concerned about the proliferation of various Financial Technology (FinTech) companies offering various financial services digitally. The executives, therefore, organized a management retreat to discuss the issues and develop appropriate strategies. In her opening remarks, the CEO read excerpts (in italic) from a thought-provoking article she had sighted in a recent edition of the Banking Quarterly Bulleting which focuses on strategic Information Technology (IT) issues affecting financial institutions. The challenges facing financial institutions have been exacerbated by issues of globalization, the ubiquity of mobile technologies and social media applications, disruptive IT innovation, and cloud computing. The phenomenon has expanded the horizon of emerging businesses, and also serves as a critical enabler for transforming business processes and operations. Many executives are now concerned with how to maximize shareholder value, improve corporate visibility and communication, and the proliferation of digital payment methods in an increasingly volatile environment. Moreover, many financial institutions have embraced global trends, standards, and technologies to remain relevant in competition

a) Discuss five (5) major issues affecting the operations of financial institutions such as Ghana Bank. [10 Marks]

b) Discuss five (5) practical ways in which IT could be leveraged by the bank to remain competitive despite the issues raised. [10 Marks]

[Total: 20 Marks]

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cloud Computing, Competition, Digital Payments, Disruptive Innovation, Fintech, Globalization, IT Strategies, Mobile Technologies
Level: Level 3

Topic: INFORMATION SYSTEMS AND COMPETITIVE POSITION
Series: OCT 2022

POM – APR 2023 – L1 – Q3 – Position on Globalization in Ghana

Explain position on globalization in Ghana as a potential director of a financial institution, providing reasons.

Question

As a potential director of a board of a financial institution, explain your position on globalization in the country. Provide reasons for your position.

[Total Marks – 25]

Answer

Find Related Questions by Tags, levels, etc.

Tags: Competitive Stance, Director Position, Financial Institutions, Ghana, Globalization
Level: Level 1

Topic: INTRODUCTION TO MANAGEMENT
Series: APR 2023

POM – APR 2023 – L1 – Q3 – Globalization in Ghana

As a potential director of a financial institution board, explain your position on globalization in Ghana and provide reasons.

Question

As a potential director of a board of a financial institution, explain your position on globalization in the country. Provide reasons for your position.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Board Director, Financial Institution, Ghana Economy, Globalization, Position, reasons
Level: Level 1

Topic: Board Governance, Economic Integration, Financial Institutions Overview, Foreign Investment, Globalization, Market Expansion, Technology Transfer
Series: APR 2023

AFM – May 2016 – L3 – Q4b – International investment and financing decisions, Economic environment for multinational organizations

Describe five strategic reasons that might motivate a company to undertake foreign direct investment. —------------------------------------------------------------------ Question: b) At the last meeting of the Board of Directors of Greenwich Ghana Limited, the Board resolved to establish a manufacturing facility in Asia and Europe. Briefly describe FIVE strategic reasons that might have informed management's decision to undertake the Foreign Direct Investment (FDI). (5 marks) Answer: Strategic Reasons for Foreign Direct Investment (FDI) Access to New Markets By establishing a manufacturing facility in foreign countries, the company gains access to new markets, enabling it to expand its customer base and increase market share. This helps diversify the company’s revenue sources and reduces dependency on the domestic market. (1 mark) Cost Reduction Manufacturing in regions with lower production and labor costs can significantly reduce operational expenses. Asia and Europe might offer cost advantages such as cheaper raw materials, lower wages, or favorable tax policies, making FDI a cost-effective decision. (1 mark) Proximity to Resources Setting up operations closer to key resources (such as raw materials or skilled labor) reduces transportation costs and ensures a more efficient supply chain. This proximity can also lead to better quality control and faster production cycles. (1 mark) Government Incentives Many countries offer incentives such as tax holidays, grants, or subsidies to attract foreign investments. These incentives can lower the company’s overall costs and improve profitability, making FDI an attractive option. (1 mark) Strategic Positioning Against Competitors Establishing a presence in key international markets can be a defensive move to counter competitors who are already operating in those regions. By entering these markets, the company can strengthen its competitive position and ensure it does not lose out on potential opportunities. (1 mark) ========== Let me know if you'd like to proceed with the next part or have any further modifications! Describe five strategic reasons that might motivate a company to undertake foreign direct investment. —------------------------------------------------------------------ Question: b) At the last meeting of the Board of Directors of Greenwich Ghana Limited, the Board resolved to establish a manufacturing facility in Asia and Europe. Briefly describe FIVE strategic reasons that might have informed management's decision to undertake the Foreign Direct Investment (FDI). (5 marks) Answer: Strategic Reasons for Foreign Direct Investment (FDI) Access to New Markets By establishing a manufacturing facility in foreign countries, the company gains access to new markets, enabling it to expand its customer base and increase market share. This helps diversify the company’s revenue sources and reduces dependency on the domestic market. (1 mark) Cost Reduction Manufacturing in regions with lower production and labor costs can significantly reduce operational expenses. Asia and Europe might offer cost advantages such as cheaper raw materials, lower wages, or favorable tax policies, making FDI a cost-effective decision. (1 mark) Proximity to Resources Setting up operations closer to key resources (such as raw materials or skilled labor) reduces transportation costs and ensures a more efficient supply chain. This proximity can also lead to better quality control and faster production cycles. (1 mark) Government Incentives Many countries offer incentives such as tax holidays, grants, or subsidies to attract foreign investments. These incentives can lower the company’s overall costs and improve profitability, making FDI an attractive option. (1 mark) Strategic Positioning Against Competitors Establishing a presence in key international markets can be a defensive move to counter competitors who are already operating in those regions. By entering these markets, the company can strengthen its competitive position and ensure it does not lose out on potential opportunities. (1 mark) ========== Let me know if you'd like to proceed with the next part or have any further modifications! Describe five strategic reasons that might motivate a company to undertake foreign direct investment.

Question

b) At the last meeting of the Board of Directors of Greenwich Ghana Limited, the Board resolved to establish a manufacturing facility in Asia and Europe. Briefly describe FIVE strategic reasons that might have informed management’s decision to undertake the Foreign Direct Investment (FDI). (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Foreign Direct Investment (FDI), Globalization, Investment strategy, multinational companies, Strategic Management
Level: Level 3

CSEG – Nov 2017 – L2 – Q6b – Strategic management in the globalized workplace

Advise on the most suitable foreign market entry strategies for Wuudin’s new business lines.

Question

Asamoah Wuudin is a Ghanaian private company owned mainly by the Wuudin family. Most of its clothing and accessories are produced and marketed by the company (some are manufactured by outside contractors). For other products, notably fragrances, cosmetics, and eyewear, Wuudin licenses its brand names to other companies. The Board of Directors of Wuudin is considering expanding into new foreign markets with athletic clothing, hotels, and bridal shops.

Required:

Advise Wuudin on the most suitable foreign market entry strategy for each of the new lines of business. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Expansion, Globalization, Market Entry Strategies
Level: Level 2

Topic: Strategic management in the globalized workplace
Series: NOV 2017

BMIS – May 2017 – L1 – Q7a – The external environment

Explain the concept of globalization, its key features, and the factors encouraging its spread in world trade.

Question

The concept of globalization has become a major discussion theme in both professional and business environments. A number of factors have been identified as encouraging globalization of world trade.

Required:

i) Explain globalization. (2 marks)

ii) Identify any FOUR features of globalization. (4 marks)

iii) Explain any FOUR factors encouraging the globalization of world trade. (6 marks)

(Total: 12 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Capacity Management, Factors Encouraging Globalization, Features of Globalization, Globalization, Service vs. Manufacturing
Level: Level 1

Topic: The external environment
Series: MAY 2017

BMIS – Dec 2023 – L1 – Q1b – Business and organisational structure

Explains the nature of virtual organizations and the benefits associated with them.

Question

The emergence of globalization has resulted in some small and large businesses operating as virtual organizations.

Required:

Explain to your study mates the nature of this organizational type and state FOUR (4) benefits associated with it.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Globalization, Operational Efficiency, Virtual Organizations
Level: Level 1

Topic: Business and Organisational Structure
Series: DEC 2023

BSIM – OCT 2022 – L3 – Q1 – Issues Affecting Financial Institutions and IT Leverage

Discuss major issues affecting financial institutions like Ghana Bank and ways IT can be leveraged for competitiveness.

Question

a) Discuss five (5) major issues affecting the operations of financial institutions such as Ghana Bank. [10 Marks]

b) Discuss five (5) practical ways in which IT could be leveraged by the bank to remain competitive despite the issues raised. [10 Marks]

[Total: 20 Marks]

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cloud Computing, Competition, Digital Payments, Disruptive Innovation, Fintech, Globalization, IT Strategies, Mobile Technologies
Level: Level 3

Topic: INFORMATION SYSTEMS AND COMPETITIVE POSITION
Series: OCT 2022

POM – APR 2023 – L1 – Q3 – Position on Globalization in Ghana

Explain position on globalization in Ghana as a potential director of a financial institution, providing reasons.

Question

As a potential director of a board of a financial institution, explain your position on globalization in the country. Provide reasons for your position.

[Total Marks – 25]

Answer

Find Related Questions by Tags, levels, etc.

Tags: Competitive Stance, Director Position, Financial Institutions, Ghana, Globalization
Level: Level 1

Topic: INTRODUCTION TO MANAGEMENT
Series: APR 2023

POM – APR 2023 – L1 – Q3 – Globalization in Ghana

As a potential director of a financial institution board, explain your position on globalization in Ghana and provide reasons.

Question

As a potential director of a board of a financial institution, explain your position on globalization in the country. Provide reasons for your position.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Board Director, Financial Institution, Ghana Economy, Globalization, Position, reasons
Level: Level 1

Topic: Board Governance, Economic Integration, Financial Institutions Overview, Foreign Investment, Globalization, Market Expansion, Technology Transfer
Series: APR 2023

AFM – May 2016 – L3 – Q4b – International investment and financing decisions, Economic environment for multinational organizations

Describe five strategic reasons that might motivate a company to undertake foreign direct investment. —------------------------------------------------------------------ Question: b) At the last meeting of the Board of Directors of Greenwich Ghana Limited, the Board resolved to establish a manufacturing facility in Asia and Europe. Briefly describe FIVE strategic reasons that might have informed management's decision to undertake the Foreign Direct Investment (FDI). (5 marks) Answer: Strategic Reasons for Foreign Direct Investment (FDI) Access to New Markets By establishing a manufacturing facility in foreign countries, the company gains access to new markets, enabling it to expand its customer base and increase market share. This helps diversify the company’s revenue sources and reduces dependency on the domestic market. (1 mark) Cost Reduction Manufacturing in regions with lower production and labor costs can significantly reduce operational expenses. Asia and Europe might offer cost advantages such as cheaper raw materials, lower wages, or favorable tax policies, making FDI a cost-effective decision. (1 mark) Proximity to Resources Setting up operations closer to key resources (such as raw materials or skilled labor) reduces transportation costs and ensures a more efficient supply chain. This proximity can also lead to better quality control and faster production cycles. (1 mark) Government Incentives Many countries offer incentives such as tax holidays, grants, or subsidies to attract foreign investments. These incentives can lower the company’s overall costs and improve profitability, making FDI an attractive option. (1 mark) Strategic Positioning Against Competitors Establishing a presence in key international markets can be a defensive move to counter competitors who are already operating in those regions. By entering these markets, the company can strengthen its competitive position and ensure it does not lose out on potential opportunities. (1 mark) ========== Let me know if you'd like to proceed with the next part or have any further modifications! Describe five strategic reasons that might motivate a company to undertake foreign direct investment. —------------------------------------------------------------------ Question: b) At the last meeting of the Board of Directors of Greenwich Ghana Limited, the Board resolved to establish a manufacturing facility in Asia and Europe. Briefly describe FIVE strategic reasons that might have informed management's decision to undertake the Foreign Direct Investment (FDI). (5 marks) Answer: Strategic Reasons for Foreign Direct Investment (FDI) Access to New Markets By establishing a manufacturing facility in foreign countries, the company gains access to new markets, enabling it to expand its customer base and increase market share. This helps diversify the company’s revenue sources and reduces dependency on the domestic market. (1 mark) Cost Reduction Manufacturing in regions with lower production and labor costs can significantly reduce operational expenses. Asia and Europe might offer cost advantages such as cheaper raw materials, lower wages, or favorable tax policies, making FDI a cost-effective decision. (1 mark) Proximity to Resources Setting up operations closer to key resources (such as raw materials or skilled labor) reduces transportation costs and ensures a more efficient supply chain. This proximity can also lead to better quality control and faster production cycles. (1 mark) Government Incentives Many countries offer incentives such as tax holidays, grants, or subsidies to attract foreign investments. These incentives can lower the company’s overall costs and improve profitability, making FDI an attractive option. (1 mark) Strategic Positioning Against Competitors Establishing a presence in key international markets can be a defensive move to counter competitors who are already operating in those regions. By entering these markets, the company can strengthen its competitive position and ensure it does not lose out on potential opportunities. (1 mark) ========== Let me know if you'd like to proceed with the next part or have any further modifications! Describe five strategic reasons that might motivate a company to undertake foreign direct investment.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Foreign Direct Investment (FDI), Globalization, Investment strategy, multinational companies, Strategic Management
Level: Level 3

CSEG – Nov 2017 – L2 – Q6b – Strategic management in the globalized workplace

Advise on the most suitable foreign market entry strategies for Wuudin’s new business lines.

Question

Required:

Advise Wuudin on the most suitable foreign market entry strategy for each of the new lines of business. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Expansion, Globalization, Market Entry Strategies
Level: Level 2

Topic: Strategic management in the globalized workplace
Series: NOV 2017

BMIS – May 2017 – L1 – Q7a – The external environment

Explain the concept of globalization, its key features, and the factors encouraging its spread in world trade.

Question

The concept of globalization has become a major discussion theme in both professional and business environments. A number of factors have been identified as encouraging globalization of world trade.

Required:

i) Explain globalization. (2 marks)

ii) Identify any FOUR features of globalization. (4 marks)

iii) Explain any FOUR factors encouraging the globalization of world trade. (6 marks)

(Total: 12 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Capacity Management, Factors Encouraging Globalization, Features of Globalization, Globalization, Service vs. Manufacturing
Level: Level 1

Topic: The external environment
Series: MAY 2017

BMIS – Dec 2023 – L1 – Q1b – Business and organisational structure

Explains the nature of virtual organizations and the benefits associated with them.

Question

The emergence of globalization has resulted in some small and large businesses operating as virtual organizations.

Required:

Explain to your study mates the nature of this organizational type and state FOUR (4) benefits associated with it.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Globalization, Operational Efficiency, Virtual Organizations
Level: Level 1

Topic: Business and Organisational Structure
Series: DEC 2023

Question Tag: Globalization

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BSIM – OCT 2022 – L3 – Q1 – Issues Affecting Financial Institutions and IT Leverage

Discuss major issues affecting financial institutions like Ghana Bank and ways IT can be leveraged for competitiveness.

POM – APR 2023 – L1 – Q3 – Position on Globalization in Ghana

Explain position on globalization in Ghana as a potential director of a financial institution, providing reasons.

POM – APR 2023 – L1 – Q3 – Globalization in Ghana

As a potential director of a financial institution board, explain your position on globalization in Ghana and provide reasons.

AFM – May 2016 – L3 – Q4b – International investment and financing decisions, Economic environment for multinational organizations

CSEG – Nov 2017 – L2 – Q6b – Strategic management in the globalized workplace

Advise on the most suitable foreign market entry strategies for Wuudin’s new business lines.

BMIS – May 2017 – L1 – Q7a – The external environment

Explain the concept of globalization, its key features, and the factors encouraging its spread in world trade.

BMIS – Dec 2023 – L1 – Q1b – Business and organisational structure

Explains the nature of virtual organizations and the benefits associated with them.

BSIM – OCT 2022 – L3 – Q1 – Issues Affecting Financial Institutions and IT Leverage

Discuss major issues affecting financial institutions like Ghana Bank and ways IT can be leveraged for competitiveness.

POM – APR 2023 – L1 – Q3 – Position on Globalization in Ghana

Explain position on globalization in Ghana as a potential director of a financial institution, providing reasons.

POM – APR 2023 – L1 – Q3 – Globalization in Ghana

As a potential director of a financial institution board, explain your position on globalization in Ghana and provide reasons.

AFM – May 2016 – L3 – Q4b – International investment and financing decisions, Economic environment for multinational organizations

CSEG – Nov 2017 – L2 – Q6b – Strategic management in the globalized workplace

Advise on the most suitable foreign market entry strategies for Wuudin’s new business lines.

BMIS – May 2017 – L1 – Q7a – The external environment

Explain the concept of globalization, its key features, and the factors encouraging its spread in world trade.

BMIS – Dec 2023 – L1 – Q1b – Business and organisational structure

Explains the nature of virtual organizations and the benefits associated with them.

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BSIM – OCT 2022 – L3 – Q1 – Issues Affecting Financial Institutions and IT Leverage

Discuss major issues affecting financial institutions like Ghana Bank and ways IT can be leveraged for competitiveness.

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POM – APR 2023 – L1 – Q3 – Position on Globalization in Ghana

Explain position on globalization in Ghana as a potential director of a financial institution, providing reasons.

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POM – APR 2023 – L1 – Q3 – Globalization in Ghana

As a potential director of a financial institution board, explain your position on globalization in Ghana and provide reasons.

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AFM – May 2016 – L3 – Q4b – International investment and financing decisions, Economic environment for multinational organizations

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CSEG – Nov 2017 – L2 – Q6b – Strategic management in the globalized workplace

Advise on the most suitable foreign market entry strategies for Wuudin’s new business lines.

You're reporting an error for "CSEG – Nov 2017 – L2 – Q6b – Strategic management in the globalized workplace"

BMIS – May 2017 – L1 – Q7a – The external environment

Explain the concept of globalization, its key features, and the factors encouraging its spread in world trade.

You're reporting an error for "BMIS – May 2017 – L1 – Q7a – The external environment"

BMIS – Dec 2023 – L1 – Q1b – Business and organisational structure

Explains the nature of virtual organizations and the benefits associated with them.

You're reporting an error for "BMIS – Dec 2023 – L1 – Q1b – Business and organisational structure"

BSIM – OCT 2022 – L3 – Q1 – Issues Affecting Financial Institutions and IT Leverage

Discuss major issues affecting financial institutions like Ghana Bank and ways IT can be leveraged for competitiveness.

You're reporting an error for "BSIM – OCT 2022 – L3 – Q1 – Issues Affecting Financial Institutions and IT Leverage"

POM – APR 2023 – L1 – Q3 – Position on Globalization in Ghana

Explain position on globalization in Ghana as a potential director of a financial institution, providing reasons.

You're reporting an error for "POM – APR 2023 – L1 – Q3 – Position on Globalization in Ghana"

POM – APR 2023 – L1 – Q3 – Globalization in Ghana

As a potential director of a financial institution board, explain your position on globalization in Ghana and provide reasons.

You're reporting an error for "POM – APR 2023 – L1 – Q3 – Globalization in Ghana"

AFM – May 2016 – L3 – Q4b – International investment and financing decisions, Economic environment for multinational organizations

You're reporting an error for "AFM – May 2016 – L3 – Q4b – International investment and financing decisions, Economic environment for multinational organizations"

CSEG – Nov 2017 – L2 – Q6b – Strategic management in the globalized workplace

Advise on the most suitable foreign market entry strategies for Wuudin’s new business lines.

You're reporting an error for "CSEG – Nov 2017 – L2 – Q6b – Strategic management in the globalized workplace"

BMIS – May 2017 – L1 – Q7a – The external environment

Explain the concept of globalization, its key features, and the factors encouraging its spread in world trade.

You're reporting an error for "BMIS – May 2017 – L1 – Q7a – The external environment"

BMIS – Dec 2023 – L1 – Q1b – Business and organisational structure

Explains the nature of virtual organizations and the benefits associated with them.

You're reporting an error for "BMIS – Dec 2023 – L1 – Q1b – Business and organisational structure"

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