Response Week 13 Essay Example | Topics and Well Written Essays - 250 words

Response Week 13 - Essay Example For example, she has mentioned the training employees on how to avoid and the effects of money laundering, implementation of money laundering laws and the need for Money Service Businesses (MSBs) to know how money laundering schemes work. In addition to what she has mentioned, I believe there are other techniques that organizations or the government can do to prevent these criminal activities. For example, more countries or organizations should meet to coordinate and share their models of legislation, trends and multilateral agreements. Currently only a few countries are active in these discussions. If all countries were to meet for such discussions, it would work because certain financial watchdogs such as the Financial Action Force (FATF) emerged from member countries having such international discussions. According to United Nations Office on Drugs and Crime (2003), the establishment of FAFT took place in year 1989 and it is an inter-governmental body. Its objective is to promote effective implementation of laws and measures that combat threats related to financial systems of member states (United Nations Office on Drugs and Crime, 2003). However, this is a preventive measure that would occur on a large-scale level. On a small-scale level, the due diligence for individuals matters. To remove ambiguity from a lower level, customers should prove their identity when carrying out financial transactions with valid personal identification documents, not only by using payment cards. When it comes to organizations, White (2013) asserts that businesses with legal documents of operations also engage in money laundering. Therefore, the best technique would be to have rules that require businesses to provide information about their intended transactions, nature of transactions and purpose of the business

Market Entry Strategies for a Fast Food Company Essay

Market Entry Strategies for a Fast Food Company - Essay Example However, studies shows that the importance of taking into consideration the context of market entry constituted by the host countries’ institutions. The institutional context involves both informal institutions such as norms and culture and formal institutions such as laws and regulations. Collectively these institutions formulate the â€Å"rules of the game† in society, thereby constraining and enabling firm behavior and foreign market entry strategies. However, entry to a foreign market comes at a cost due to challenges posed by the institutional contexts of emerging market, which are often less familiar to developed country firms, weaker and less market-supporting and less stable. The four most common modes of foreign market entry are licensing/franchising, exporting, and joint venture and Greenfield acquisitions. Therefore, this paper will analyze McDonald’s market expansion for its products in the emerging market of China. The paper will consist of two secti ons: the first section will be a market analysis of China and the second section will be an exploration of potential market entry strategies by McDonalds. Market AnalysisGeneral InformationThe People’s Republic of China has a total land area of approximately 9,596,960 square kilometers. It is considered the third largest country in the world after Russia and Canada. It has a coastline of approximately 14,500 kilometers. China is situated in eastern Asia to the West of Yellow Sea, Korea Bay, East China Sea, and South China Sea.