Management Concepts - Case Study Essay Example | Topics and Well Written Essays - 500 words - 1

Management Concepts - Case Study - Essay ExampleWith the removal of trade barriers and opening up of economies, companies no longer can make a local countrified-specific scheme. Two very important factors that have resulted in companies going global are progress in information and communication technologies, the trend of deregulating and increasing competitive pressure (Mucchielli et al, 1998). One of the ways of expanding globally includes investing the returns from one country to master other companies (Samson and Daft, 2009). Operating in different countries is based upon various factors such as the political, economic, social, technological, and legislative environments of the country (CIPD, 2010). At the same time, expanding into different countries also calls for the existence of a thorough globalization strategy retentiveness in mind the above factors. It is imperative that the learnings from expansion in one country to fine-tune its strategy for expansion in other count ries as well. It is also important that the HR, Finance and the IT strategy of the organization shall be aligned towards the objective of being a truly global corporation.John needs to take terrible action to prevent NAB from collapsing as a business. The first thing that needs to be do is to imbibe an MNC culture amongst the employees of the organization. The bank can create a separate department which will be responsible for finding out the best fit countries to expand into over a period of time. This department can also be responsible to search for companies in those target countries. Those countries where the PESTEL factors are mostly interchangeable to that of Australia shall be targeted first and then the rest shall be