Section three of country study Term Paper Example | Topics and Well Written Essays - 750 words

Section three of country study - Term Paper Example With this concern, this paper would primarily deal with the recommendations of the type of optimal international strategy and organizational structure which should adopt by Victory State Bank for its international expansion especially in China. Optimum International Strategy An optimum international strategy implies sound global strategies that answer the possible questions concerning the matter of foreign expansion programs. It is to be stated that international business is much more complicated than domestic business as international business includes the involvement of various countries and each single country has its own culture, rule and policies (Hill, 2012). Specially mentioning, development of optimum international strategy holds great significance in the subject of international business. Strategies made for a global dynamic setting implies mitigating the conditions accustomed within the prevailed global environment. Relating to optimum international strategy, Victory State Bank could establish foreign affiliates in order to avail strong ownership, internationalization and location advantages among others. In this regard, a model of foreign expansion needs to be prepared which will work as a blueprint of the planning procedure. The model relating to foreign expansion represents that Multi National Corporations (MNCs) thoroughly involve in conducting cost-benefit calculations for every probable entry methods like exports, hybrid modes and licensing among others (Spirig, 2011). The aforesaid elements would eventually support Victory State Bank to conduct its international venture effectively. Organizational Structure Organization structure generally comprises certain imperative activities such as allocating, coordinating along with supervising the tasks related to the attainment of organizational goal. Depending upon the aim of the organizations, organizational structure changes in every case. In accordance to this particular study, the primary task of t he Victory State Bank would be to analyze the business market of China where it tends to expand its different services. In this regard, initially the bank needs to allocate funds for making considerable investments in order to build dynamic infrastructures in China. With regard to the organizational research of Victory State Bank, it has been viewed that the bank has international presence especially in Europe along with different states of New York City. The organizational culture as well as the structure of the bank can be viewed as quite a flat one leading by Joseph J. LiBassi as the Chairman of the Board. The supply as well as the distribution channels of the bank are viewed to scatter in the region where it performs different operational functions It is to be stated that the operations of the Victory State Bank are highly affected by the competitive and economic conditions such as government policies, market interest charges and the policies of the regulatory bodies. Ss China i s often regarded as a politically stable country, so there must not lay big concern regarding this particular matter. It is worth mentioning that China is regarded as one of the highest growing countries with an impressive gross domestic product (GDP) growth rate along with enormous