Country Risk Analysis
Country Risk and Strategic Planning Analysis
Global Business Strategies MGT/448
August 10, 2011
Country Risk and Strategic Planning Analysis Sydney Cove produces the finest Aussie wine on the market. This paper will convey the various risks associated with implanting a forging business venture and identity key components of the organization’s business plan. It is imperative in this business to identify potential harm, define what Sydney Cove stands for and outline potential advantages.
Political, Legal, and Regulatory Risks Sydney Cove Winery is one of the finest wine distributors in the Australia and New Zealand region. Sydney Cove Winery is looking to expand and share their fine wine with the rest of the world, but global expansion is not easy. Before Sydney Cove Winery can begin to extend internationally they must consider the political, legal, and regulatory risks that their business will face while distributing their product. Because Sydney Cove Winery is an alcoholic beverage company they have to consider the political aspect of shipping alcohol to different countries. Politics play a major part in initiating a business. Sydney Cove Winery will have to conduct the necessary research regarding the political and legal systems for the countries the company desires to distribute. Every region, country, and state has different regulations that must be followed. When serving and selling alcohol there are various laws that merchants must abide by. The risk that Sydney Cove Winery is facing is the inability to sell and its product to various countries, otherwise suffocating maximum expansion. Furthermore, the company must obtain the appropriate licenses and certificates to distribute and manufacture alcohol in its home countries of Australia and New Zealand. For instance,“the production of fortified wine requires a permit from the Excise Business Line of the Australian Taxation Office” (Drug and Alcohol Servers Australia, 2009, p.
Global Business Strategies MGT/448
August 10, 2011
Country Risk and Strategic Planning Analysis Sydney Cove produces the finest Aussie wine on the market. This paper will convey the various risks associated with implanting a forging business venture and identity key components of the organization’s business plan. It is imperative in this business to identify potential harm, define what Sydney Cove stands for and outline potential advantages.
Political, Legal, and Regulatory Risks Sydney Cove Winery is one of the finest wine distributors in the Australia and New Zealand region. Sydney Cove Winery is looking to expand and share their fine wine with the rest of the world, but global expansion is not easy. Before Sydney Cove Winery can begin to extend internationally they must consider the political, legal, and regulatory risks that their business will face while distributing their product. Because Sydney Cove Winery is an alcoholic beverage company they have to consider the political aspect of shipping alcohol to different countries. Politics play a major part in initiating a business. Sydney Cove Winery will have to conduct the necessary research regarding the political and legal systems for the countries the company desires to distribute. Every region, country, and state has different regulations that must be followed. When serving and selling alcohol there are various laws that merchants must abide by. The risk that Sydney Cove Winery is facing is the inability to sell and its product to various countries, otherwise suffocating maximum expansion. Furthermore, the company must obtain the appropriate licenses and certificates to distribute and manufacture alcohol in its home countries of Australia and New Zealand. For instance,“the production of fortified wine requires a permit from the Excise Business Line of the Australian Taxation Office” (Drug and Alcohol Servers Australia, 2009, p.
References: Countries and Their Culture. (2011). Austrailia. Retrieved from http://www.everyculture.com/A-Bo/Australia.html Balanko-Dickson, G. (2007). Chapter 11 - contingency and emergency plan. United States, New York: The McGraw-Hill Companies, Inc., The Professional Book Group. Retrieved from http://search.proquest.com/docview/189450344?accountid=35812 Drug and Alcohol Servers Australia. (2009). Alcohol Laws. Retrieved from http://www.dassa.sa.gov.au/site/page.cfm?u=124#production Hill, C. W. L. (2009). International Business. Competing in the Global Marketplace (7th ed.). Boston, MA: McGraw-Hill. Tech Assure. (2011). Business Contingency Plan. Retrieved from http://www.techassure.com/wp-content/uploads/2009/04/contingency_plan_example.pdf .