Solutions to Challenges Faced by National Australia Bank

Business Environment
7/28/2018
National Australia Bank

Business Environment 1
Contents
Introduction......................................................................................................................................2
Overview of company..................................................................................................................2
Background information..................................................................................................................3
Solution of challenges faced by NAB.............................................................................................3
Policy changes.............................................................................................................................3
Solutions: -...............................................................................................................................3
Changes in government regulations.............................................................................................4
Solutions: -...............................................................................................................................4
Changes in national and global macroeconomic indicators........................................................4
Solutions: -...............................................................................................................................5
Macroeconomic framework.............................................................................................................5
Conclusion.......................................................................................................................................8
References........................................................................................................................................9

Business Environment 2
Introduction
This is an environment scan report which is formed with the motive to propose the solutions
related to the risk that the company has from the factors. This report is based on the assignment
A which shows the factors that affect the National Australian bank. The previous assignment
reflects the impact of factors on the company which affected the working in the market of
Indonesia. This report will reflect the solutions to the problems so that the company can easily
perform their business operations.
Overview of company
National Australia Bank (NAB) is one of the four largest financial institutions that are operating
their business in Australia in terms of capitalisation, earnings and customers. The company is a
leader in offering the banking services to the businesses that are present in Australia with the
specialist expertise in health, government, agricultural and other fields (National Australia Bank,
2018). The vision of the banks is to be Australia and New Zealand’s most respected bank.

Business Environment 3
Background information
In the Australian market, the company conducted the external market analysis in which they
analysed the factors that affect the working of NAB. These external factors are related to the
macroeconomic such as policy changes, changes in the regulations by the government and the
changes in global macroeconomic and national indicators. The company need to find the
appropriate solution with the help of which they can deal with the major influence of factors.
Solution of challenges faced by NAB
This section of the report includes the solution of challenges that are faced by NAB. The solution
and the detail description of the factors that affect are given below: -
Policy changes
National Australia bank faced the changes in policy and one of the recent policy change ordered
by the Australian securities and investment commissions is related to foreign exchange.
According to this policy, the banks need to adopt a particular program that can prevent, detect
and respond to different types of misconduct related to FX. This might affect the bank as they
will lose their customers.
Solutions: -
 Generate awareness: - It is suggested to the bank to generate the awareness among the
customers related to the new system and their benefits. This awareness can be generated
by setting a camp, templates or by doing the verbal communication.