For instance consider the case of laws that guide mergers and acquisitions in European Union are related to the economical conditions of the joining partners. The terms and conditions followed at the time of merging depend on the regulations that are applied in a particular country. Mergers may happen between two national banks or between two international banks. Mergers and acquisitions are highly effected by the regulations. Source: FUTURE OF BANKING IN A GLOBALISED WORLD, Chris Skinner, 2007. Payments directive and financial services action plan in UK is one among them. It doesnt mean only the taxes and interest rates counts when dealing with regulations and deregulations. This effects their business with the customers. This is essential component in the business because they have to change the interest rates and taxes on the services they provide to the customers. The bank organising globally has to respond individually to the local governments regarding regulations or deregulations. Global operations need good leadership with which they are able to respond to the government policies.
There may be organisational problems within the bank or legal concerns.
Yips drivers of globalisation driver#
Legal regulations as a driver Operating globally may bring in a number of issues regarding legal that is with the laws of the particular country in which a bank is operating. The important factors that drive globalisation in the industry are issues regarding legal, customer relations and wishes, technological advancement and the crucial thing is profit.
Yip, Total Global Strategy II, FT/Prentice Hall, 2003, chapter 2. Drivers of globalisation The drivers of globalisation are explained according to the yips model. Drivers of globalisation in banking industry are discussed below. They are so many factors that drive change in the industry. It is the industry that encourages the growth in investments by its funding. The paper concludes that in the beverage industry, a multi-local driven strategy may prevail over a truly global strategy depending on the globalization potential of the industry based on the industry globalization drivers, organizational factors and the Global strategy levers of the organization which should determine the extent of focus of the strateg.Globalisation In The Banking Industry Finance Essay Banking industry is one of the crucial industries that influences the global economy. Analysis of the selected business cases suggest a weak fit between the Yip model of a truly Global strategy and strategy levers leveraged by successful companies like Coca-Cola in the beverage industry for effective implementation of a global strategy. By re-flecting on the past experiences of the selected cases the author hopes to draw an inductive conclusion. The paper uses a reflective methodology to examine the Coca-Cola global strategy model and com-pares it with a few selected business cases to ascertain the strength of Yip’s model. This paper postulates that there is a weak fit between Yip’s Global strategy and the beverage industry. This concept, is what in the author’s opinion, YIP calls a truly Global Strategy. Yip argued that “the global company does not have to be everywhere but has the capability to go everywhere, deploy any assets and access any resources and maximizes profit on a global basis”. Yip puts forward that simply operating globally does not mean a company possesses a global strategy.
This paper analyzes the fit between the concepts of a truly global strategy in strategic lea-dership put forward by Yip in his book “Total Global Strategy” and the consumable busi-ness sector with a focus on the beverage industry.
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