Individual business report Essay Example | Topics and Well Written Essays - 1250 words

Individual business report - Essay Example Arnott’s seeks to expand its market by sourcing and manufacturing the entire product in Greece since biscuits and snacks are too peripheral to any country’s economic needs to feature saliently in import-export trade. Other alternatives to this mode of expansion is bound to expose Arnott’s to the government-imposed rigours of import-export trade, since the Greece government like any other, will seek to maintain a favourable balance of trade. The report will discuss the feasibility of Arnott’s desire to go to Greece, in respect to Arnott’s current status and Greece’s socioeconomic, political, legal and environmental conditions. Parts 2.0- 6.0 of this report discuss Arnott’s prospects in light of the political, legal, economic, socio-cultural and technological conditions in Greece. Part 7.0 discusses Arnott’s prospects by using SWOT analysis. Part 8.0 is the recommendation section. Greece’s political stability is underscored by it being a parliamentary republic, having the President as the head of the state and the Prime Minister as the head of the government. The constitution of Greece with its 120 articles allows for the separation of powers among the legislature, judiciary and the executive. This political stability will help Arnott’s to thrive. Likewise, taxation and regulation of trade will be carried adroitly, since separation of powers readily co-occurs with bureaucracy (Kizos and Iosifides, 2007, 66). Bà ¢rgà £oanu, Negrea and Dascà £lu (2010, 35) explain that Greece joined the European Union (EU) in 1981 and represents 41.5% of the EU’s deadweight tonnage. Greco-Australian relations are very close. This closeness dates back to World War I and II and the Korean War where Australia fought alongside Greece. Therefore, the Grecian government is naturally predisposed to encourage Greco-Australian trade (Vogiatzoglou, 2007, 53). Arnott’s must sign articles of