Expansion of Goldman Sachs Group in Thailand and UAE

Running head: MANAGEMENT
Management

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Contents
Introduction................................................................................................................ 3
Analysis of Resources through VRIO framework.........................................................3
Discussion of Targeted Countries............................................................................... 5
Analysis of Thailand.................................................................................................... 5
Analysis of UAE........................................................................................................... 6
Mode of Market Entry................................................................................................. 7
Porter Value Chain...................................................................................................... 8
Formal Institution..................................................................................................... 10
Informal Institution................................................................................................... 10
Conclusion................................................................................................................ 11
References............................................................................................................... 12

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Introduction
Expansion of business in the international market provide an opportunity to the company to
target maximum number of consumers in an effective manner it create great source for the
growth and success that can be achieved by the company in more efficient manner. Goldman
Sachs Group is one of the global investment bank that as founded by the Marcus Goldman in the
year 1869. Headquarter of Goldman Sachs Group is in Lower Manhattan, New York as well as
the company has expanded their business in more than 30 countries as of the end of 2016.
Goldman Sachs deals in providing asset management, mergers and acquisitions, and brokerage
services among others. The company also offers banking services via its banks such as the GS
Bank that is located in the US. The company provided their services through investment banking,
leading and investment, corporate clients as well as investment management. The company is
planning to expand their business in other countries as well as to spread their business at greater
level. They can expand their business in Thailand and UAE that can provide new market to the
company.
In the following art there will be detailed analysis of countries where the company can expand
their business and the manner the company can enter in such market while analysing their
capabilities to compete in the market.
Discussion of Targeted Countries
Analysis of Thailand
Thailand was ranked as the 27th according to the 2017 report, and this portrayed a higher
ranking compared to 2016. The country has robust growth of economic as well as stable political
climate that provided an attractive financial environment. The total assets that are held by the
financial institution in the country stood at THB 23.54 tn till July 2016, up 3.5%. The growth
mostly stemmed from the financial business, service with the construction while consumer’s
loans growth continues to decline in the line with the slow recovery of economy (Ayadi, et.al,
2016).Thailand was characterized by an excellent infrastructure and availability of labour that
could be relied upon and this mapped Thailand as a global destination right for investment. The

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government of Thailand also instituted some vital laws in the past few years, for instance, there
are laws involving securities, antitrust and others touching on anti-corruption and this drew
Thailand closer to global standards creating more confidence on the part of foreign investors., the
Thai economy was anticipated to grow roughly by 3.8% in 2018, and this was considered
satisfactory based on the sluggish growth that Thailand has experienced in the past five years.
Thai’s stock market attained new highs as revealed by the past two quarters of 2017 and was
anticipated to do the same in 2018. Therefore, it creased opportunities for the international
companies to entre in such market efficiently (Shaikh, Mirza, Shaikh, Shaikh, and Ubupoto,
2017).