Analysis of Legal Factors Impacting Business Globalisation

This report provides an analysis of the legal factors impacting business expansion, specifically focusing on Singapore and the Philippines. The introduction highlights the importance of monitoring market growth and competition to ensure profitability and market share. The main body delves into the l...Read More

GLOBALISATION
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TABLE OF CONTENT
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Legal aspects of Singapore and Philippines.................................................................................3
Expansion into Singapore............................................................................................................3
Expansion into Philippines..........................................................................................................4
Recommendation.........................................................................................................................4
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6
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INTRODUCTION
There is rapid growth in the market and competition in raising as well which needs to be
monitored making sure that there would be higher profitability margins and market share is
going to be existing. The presentation is going to discuss the legal factors of Singapore and
Philippines for a business to be able to expand themselves. There are a lot of legal factors which
are going to create obstacles to be able to operate effectively in the market. Businesses need to
have low risks while expanding so that the company would be able to have higher functioning in
the countries in which they are expanding.
MAIN BODY
Legal aspects of Singapore and Philippines
External and internal factors of a country are going to make an international business get
affected because of it. All the countries have a different policy and regulations for the businesses
to be able to gain the right working and attention in the country. Issues are going to rise which is
going to make sure that there are methods which are being used by the business to be able to
make the right working and risks to be reduced. Trading, exporting and importing taxes are very
different as well and if the country is not developed or developing in the pricing can not be done
according to the profit margins for the company and the organization would be taking a risk of
expanding itself. Relationship between the countries also have to be strong to make sure that the
businesses are taking place effectively which is going to make sure that there are right activities
which are taking place legally.
Expansion into Singapore
There are strict laws which are present in the country and strict actions are also taken for
the consequences which are going to be existing. Expanding a businesses is going to make the
corruption level be higher but in Singapore Corruption is taken seriously and there are right
actions which are being taken to be able to control this aspect. Singapore is providing property
rights as well in the world which is going to make the master plan for IP Hub. Competition law is
strong in the country as well so that the behaviour of the overall consumer base can be
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established. Tourism in the country is also very high which is going to make more sales and
advantages for businesses to be able to expand in this country. There are fair acts which are
present for employment as well and there are employees which are found on contract as well
which the companies can find when they expand themselves in this country. Data of personal
protection act is existing in Singapore which businesses can find it useful as well to maintain the
loyalty of the customers and make sure that the business is being able to have good working
which is existing.
Expansion into Philippines
Philippines is having a good hospitality lifestyle and business opportunities are many
because of the flexibility which the country is trying to get so that there would be more
businesses which expand in the country. There is a risk which is involved in this factor because
there is no experience and implementing any policy takes time to settle down in the country. A
business which is expanding itself for the first time without experience must make sure that they
are minimizing their risks in the country while expanding so that there are right actions which are
involved. Infrastructure of Philippines is improving with time but there have to be right working
and location of the environment has to be effective so that there are higher operations which is
going to be there. Capital stock in the country has decreased which is not going to get in higher
businesses to expand and invest in this country for better expansion factor. Employment in the
country is present but there is less experienced employees which are going to be found and laws
for them is also not well maintained which is going to make sure that the actions are not right.
Expansion is Philippines is not done well and has to be improved further so that there are more
businesses which would consider into expanding themselves.
Recommendation
Any business in Australia must take advantage of the legal aspect which is developed in
Singapore to make sure that business is being able to make the right working and satisfaction
which would be existing. Singapore is developing effectively which is a great factor for
businesses to be able to make the right placing and functioning for them. Philippines on the other
hand is just developing and the policies and other regulations are also not strictly followed.
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Businesses in the bazaar would not want to take risk with their reputation and portfolio which
they gain in the market. Overseas and decrease in capital stock has to be improved so that there
are right actions and improvement which a business would be able to have after expansion.
Finance terrorism regulations of Singapore are also established and improved with time so that
there are better actions and improvement which is taking place in the companies which would
expand themselves. Taxes in Singapore are also right for Australian companies and make sure
that they would be able to gain the right attention in the market as well which is good for a long
run of the business in the market.
CONCLUSION
From the above presentation it can be concluded that businesses are expanding
themselves in Singapore because of the environment which the country is providing for the
businesses to be able to do so. There are a lot of businesses which are present in the market but
to be able to gain the right attention and stronger portfolio in the market it is important to have
right operations and working which would be required. Right analysis and understanding is
essential so that there would be higher operations and understanding which would be good for
the growth of the business.
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REFERENCES
Books and Journals
Gorynia, M., 2019. Competition and globalisation in economic sciences. Selected
aspects. Economics and Business Review. 5(3).
Huh, H.S. and Park, C.Y., 2020. A new index of globalisation: Measuring impacts of integration
on economic growth and income inequality. The World Economy.
Lauslahti, K and et.al., 2018. Expanding the platform: smart contracts as boundary resources.
In Collaborative Value Co-creation in the Platform Economy (pp. 65-90). Springer, Singapore.
Liu, X and et.al., 2019. From ecological opportunism to multi-cropping: Mapping food
globalisation in prehistory. Quaternary Science Reviews. 206. pp.21-28.
Memou, A., 2018. Photography and social movements: From the globalisation of the movement
(1968) to the movement against globalisation (2001). Manchester University Press.
Pretel, D. and Camprubí, L. eds., 2018. Technology and Globalisation: Networks of Experts in
World History. Springer.
Wirtz, M., Volkmann, C. and Yunus, M., 2018. Discussing social business innovations: an
interview with Professor Muhammad Yunus (No. 2018-004). Schumpeter Discussion Papers.
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