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The aim of this report is to discuss the best market to entre for a renowned Australian pharma company manufacturing drugs for more than ten years in the Australian market. The company aims to enter the market of these two countries for several reasons. First of all, both these countries have huge demand for medicines as the population is much higher than the other countries. Secondly, both these preferred countries have...
The international expansion based plans of Ausmed, which is an Australian pharmaceutical company is the main part of the analysis which will be made in the report. The company has shown huge amounts of growth in the past few years which has led to plans made for its expansion. The analysis will thereby be based on the proper study of the two countries which are being considered as the destination for Ausmed. The cou...
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Attention deficit hyperactivity disorder (ADHD) is the most misunderstood and neglected mental health condition that mostly affects school-age children and young people in UK. Very few people receive appropriate diagnosis or treatment leading to increase in prevalence of the condition (rota.org.uk 2013). ADHD is a type of mental disorder associated with symptoms of inattention, hyperactivity and impulsivity that persists for a lon...
The AUSMED Company is highly popular for its pharmaceutical products in the Australian market. However, recently the company faces stagnation in its business and willing to expand the business in a foreign market. There are two countries where the company is willing to expand its business such as China or South Africa. Therefore, the purpose of this report is to enlighten the company’s decision in order t...
Globalization refers to the worldwide integration of financial, economic, trade and communication services. It means to open up the economy for international trading. It gives a broader look of the world with free transport of movement of goods and services worldwide (Sonnemann, 2015). Globalization has created a high impact on the world’s economy. There are financial impacts, economic impact, Ecological impacts as well as cultur...
AUSMED’s local market capitalization has surpassed expectations thus resulting into stalled local growth. The stagnation of the local growth calls for the need to expand regionally and internationally by capturing new market niches in the global markets. To do so then, AUSMED needs to create an international influence and thus start operating on an international scale. This aspect is a globalization approach will enab...
Risk factors in New Zealand
New Zealand is a developed country still, risk must be analyzed for making an accurate business decision. An Australian based manufacturing firm that is interested in establishing its subsidiary firm in New Zealand for which political, legal, cultural, and economic risks need to be analyzed.
Major political risk involved in New Zealand includes dependence of the country on demand from China.
The major leg...
Definition of Global Business
When a company does the business worldwide and has foreign offices, distribution centers and manufacturing ,which is related to international trade, it is called global business. A global business also can be said as Globalization differently. Globalisation is a long-standing program advocated by the economically advanced nations to free up international trade across the globe (Hakmaoui et a...
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