Politics Assignment Help Online Essay writing analysis and review: Political and legal risk in Australian Biomedical company – Pestle analysis

Question Asked??

1. What are the main types of political and legal risk that CI may have to deal with in its operations?

Solution Proposed::

The content incontinence is an Australian biomedical company. The incontinence is related to the health issue affecting the all ages of people including child women and men. It can have the physical quality of life andsocial economic of the individual implications for the community and career. As per Freeman (1982)The launching of innovative product into the foreign market firms can use the marketing mix which is suitable for the country or with the business activities which they have involved. The major political and legal risk of content incontinence istwo types’ firm specific risk and country specific risk. It includes the number of factors suchas consumercultural back ground buying habits religion and the level of personal income. It is more important that the company should adapt to the product mix and marketing mix strategy to meet the local demands and satisfy the consumer. The standardization is thestate process of adapting the product to the local demand that will add to the overall cost of the product introduced and brand of the global scale weaken. Advertising the product in countries should adapt to the language political climate cultural altitude and religious practices. The promotional strategy will be regarded as offense when try to establish in the other country. Before promoting the product into the other country it is necessary to determine the pestle analysis. It will provide clear picture   of the country and the market conditions. Based upon the desired output the powerful strategy can be implemented and executed. The company should develop proper marketing mix todistribute theproduct or service to the customer at the right time in right place. And it is also necessary to determine the distributionchain for each country and the local market where they are operating

2.What type of strategies can CI use to manage political and legal risk? 

The political and legal risk can be overcome by executing the powerful strategy by the content incontinence towards the product. As per Daniel (2007) the management should pursue their interest and rationally make their choice within the formal and informal constraints within the company firm. It helps to govern the firm behavior. Understanding the political and legal problems framework of the country will provide into the entry boundaries of the new market conditions. The intellectual property rights should be used by the content incontinence company it can be considered the boundaries as well as the patents copyrights and trade mark of the product can limit. The company can import and export the product with the certain countries. The company should understand the ethic and culture of the people in the country to explore their product in which they socially accept them. Depending upon the morals how they can see the business and relationship with the different approaches will need to take under certain circumstance. The religion and language are more important toculture and determining the people and consumer need of the product where they can push and develop their business and attain the goals of the organization. The government  restrict for the exporting and importing their  products  which will be great barrier for company to establish but it can overcome by getting license for the trading the products. The other type of control is tariff and taxes on the good for trade. It is used to protect the companies and the industries in domestic market. By paying the proper taxes on the regular good which will increase the revenue for the government and the problem related to the issue will be overcome.

3. Using point format, briefly describe how CI could use the range of international trade organizations

As per Lionel (1954) the international marketing is important aspects because the world became globalization and major issue in the life of business and also influences the development of international marketing. The organization can choose world trade organization for their product to trade and it estimates the global exports nearly doubled. The trade growth is usually performed in the global level in the economy. It makes the inspiration to other countries organization to participate in the international marketing.The content incontinence should adopt the effective trade marketing to keep them in strong position in the medical history the company trade policy should be easy to support with the principle and hard to achieve in practices since the method is new to the medical field.  Through effective marketing only the advantage of the treatment and the product is not just hardware it’s an artificial sphincter and the software is used to for the operation of the device. It is not only the technique but it more than the knowledge and experience. It requires regular consultation and the coordinated action between the policy makers on all sides the health ministry also look in to the method and the product which is used for the treatment and the agreement that are essentially liberalizing the trade.  By making contrast on the health measures for the trade scrutiny will help to subordinate to the trade interest. By emphasizing and clarifying the scope of treatment with the advance diagnostic technique that should exist in the WTO agreements for conducting the health service policies and strengthening the technique to national health authority to contribute and support the policy. The company should put some effort in coordinating their marketing activities about the product in the several areas. The proper input should be given about the product to the WHO to lend some dynamic to the trade rules. By getting proper certification from the concern government and WHO will help to maintain their business in a fair level and also progress to healthy position by selling their product and diagnostic technique.

 4. What influence could regional economic groups be used by CI

As per Bruce (1998) the content incontinence can use the regional economic group of Asia pacific economic cooperation for the trading blocks. Because it seeks to promote the free trade and economic cooperation through the region of Asia pacific. It will help the content incontinence to promote the business throughout the world. The APEC has been long forefront in the area of business facilitations. It also reduced the cost of business transaction across the region by 6% and also hopes to achieve the trademark by another reduction by 5% in the business transaction. It consider the prospects  for free trade area it has been the best chance for the content incontinence company to market and trade their product and develop their  business by free trade area. It has been the best chance of converging member nation and ensuring the stable growth under the influence of free trade. Through the trade organization of the product with the other country will help to make aware the importance of the product and the technology. It will also support the business in the expansion to a greater level. The developing countries will get benefits when they are connected to the APEC. The trade and investment will be expanded which also enlarges the international market for the country and supports in employment. The cost to the developing members of APEC also attributed to the investment and trade and reduces the barriers. The content incontinence product from highly industrialized pose their challenges to the development.

NC01

If you want Politics Management Assignment Help study samples to help you write professional custom essay’s and essay writing help.

Receive assured help from our talented and expert writers! Did you buy assignment and assignment writing services from our experts in a very affordable price.

To get more information, please contact us or visit www.myassignmenthelp.Com