GLOBAL MANAGEMENT STRATEGIES
ELIZABETH S
Elizabeth, you have accurately highlighted the major issues that were faced by Larson Inc. in Nigeria. These are the incompetent CEO, the incompatibility with the Nigerian partner, and the high inflation and overall cost of doing business in Nigeria. Your solutions seem effective, although some of them are long-term and would take long to create changes in the company. For example, the process of buying out the partner could take years. This means that the company would continue incurring losses. Solutions such as changing the CEO could, however, have immediate positive impacts.
GABRIELLE
Gabrielle, you have done a great job of highlighting the three major issues and recommending possible solutions to each. The Nigerian CEO, the conflict with the Nigerian partner, and the high inflation and cost of operating in Nigeria are the major issues. These made Larson Inc. experience major losses in the Nigerian market. Your solutions seem to be useful for solving the problem being faced by Larson Inc. In particular, getting a new CEO in Nigeria would ensure that the employees who are selected are fit for the job and ensure that the business is run properly. I would also recommend adopting a new model of operations to reduce the cost of running the company. Don't use plagiarised sources.Get your custom essay just from $11/page
INTERNATIONAL FINANCE
LAUREN
Lauren, I agree with your statement that the Thai banks are not under any obligation to cover the payments. If the retailers delay making their payments, the banks will not pay Blades. Blades would still have to hold Sports Equipment Inc. and Major Leagues Inc. as responsible for the delayed payment. The draft issued by the bank only states that the buyers have agreed to pay Blades using the bank. It does not mean that the bank is responsible for paying. The bank will only be fulfilling its obligation as the official finance holder of the buyers.
JULIA
Julia, the two options that you have given as finance sources for Blades are very reasonable. It could get a short-term or long-term loan from the bank. However, Blades has to ensure that it can repay the loan and not incur any losses in the process. The option of using the Overseas Private Investment Corporation will only work if the company has a great working plan which will be attractive for the financier. Blades needs to ensure that it has unique ideas that make it worth investing in. Blades can also contact organizations that provide financial assistance grants and contributions.