Benefits Of Universal Healthcare System - 1399 Words

Since the advent of health insurance in the 1950s, there have been many models of care that are come to the scene in an attempt to both control cost of care and improve quality of care. Insurance models came into being because the fee for service model used until then was proving to increase cost of healthcare without any measure of quality of services and care provided. Health insurance models have evolved from the basic hospital offered insurance to employer sponsored coverage plans. The US health system is broken both financially and quality wise with more than 20% of gross domestic product being spent on healthcare (Blackstone, 2016). There has been discussion to have universal healthcare system similar to Medicare as a method to have a centralized monitoring system of cost. There have also been other systems tried beginning with HMOs in the 1970s in an effort to streamline access to necessary healthcare services by employing a gatekeeper to their access at the primary care levels. With patient dissatisfaction, PPOs were tried which circumvent the necessity of referrals (Hacker, 1998). Either of these models had substantial effect on healthcare outcomes while the cost of healthcare continued to skyrocket. The US spends more than any other country on healthcare but outcomes are not better (Blackstone, 2016). In 2010, under President Obama’s leadership, Affordable Care Act was passed and one of the promising features is the formation of accountable careShow MoreRelatedHow Capitalism Can Save American Healthcare817 Words   |  4 Pagesacronyms are so close in alphabetical sequence; a consumer could easi ly get healthcare plans confused. Dr. David Grazier author of â€Å"How Capitalism Can Save American Healthcare† interviewed a colleague named Bob who agreed that healthcare is too complicated, he shares â€Å"the confusion--the prices are inscrutable, the ever-rising costs, the questionable quality, the chaotic lack of information. That is the micro-level of healthcare† (Grazier). Chapter five from the text Health Policy the organization,Read MoreHow Capitalism Can Save American Healthcare819 Words   |  4 Pagesacronyms are so close in alphabetical sequence; a consumer could easily get healthcare plans confused. Dr. David Grazier author of â€Å"How Capitalism Can Save American Healthcare† interviewed a colleague named Bob, who agreed that healthcare is too complicated, he shares â€Å"the confusion--the prices are inscrutable, the ever-rising costs, the questionable quality, the chaotic lack of information. That is the micro-level of healthcare† (Grazier). Chapter five from the text Health Policy the organizationRead MoreUniversal Healthcare: The benefits Outweigh the Costs Essay1686 Words   |  7 Pagesis held back by its weak healthcare system. As of 2010 the US healthcare system currently ranks the 37th best out of 190 countries (Murray). Before the introduction of the Affordable Care Ac in 2010, the United States had an individual insurance market. It was the responsibility of the individual or their employer to take care of their healthcare costs. On top of this, millions of people could be denied insurance by different agencies due to pre-existing claims. Healthcare was expensive, but the costsRead MoreUniversal Healthcare Vs. Public Healthcare912 Words   |  4 Pagesto give healthcare everyone in a country, an idea which I saw a lot of countries thought about was Universal Healthcare. A system in which the government in a country provides healthcare to every individual. From this system what I notice the government does is provide assistance to its citizens insuring they do not need to think about insuring themselves with a private or public healthcare, however, the same one everyone in the country is using. The great thing about universal healthcare is it canRead MoreUniversal Health Care1668 Words   |  7 PagesBenefit of universal healthcare to the society. It will be difficult to imagine life without health care. Health care today has become a serious issues, and concern because the vast medical costs. The private insurances company denying treatment bills and these have become the concern of the government of United State. The Government has been trying to reform the health care by introducing a universal health care system. A system whereby a basic health needs, can be given to people without denyingRead MoreInequality in Healthcare Essay examples1336 Words   |  6 PagesRunning Head: HEALTHCARE Inequality in healthcare One of the major problems facing our country today is the healthcare crisis. The inequality in our current healthcare system has created a huge gap in the difference between the level and the quality of healthcare that different people receive. Having an improved and reliable health care system available for everyone should be a priority that the government must make available. There are countries whose health care system meets the needsRead MoreThe Issue Of Health Care Coverage1146 Words   |  5 Pagesthere are over forty million Americans are without healthcare coverage and millions more that are underinsured. Their families and they are struggling to afford medical care that should actually be provided to them. There are natural born rights that should be provided to all humans just because it’s morally right. Humans, being an intelligent species, should know that there are certain things that are needed to progress as a whole. Affordable healthcare coverage is on e of those things that should beRead MoreThe High Quality Of Health Care1133 Words   |  5 Pagesaggregate spends significantly more on its healthcare industry, relative to other developed nations, and yet not all Americans have access to adequate health care services. In the present essay I compare the healthcare system in France with the U.S. system in regard to the Triple Aim framework (improving quality of care, improving the health of populations, and reducing the per capita cost of healthcare) to identify alternatives to optimize the U.S. healthcare system as a whole. Subsequently, I apply theRead MoreUniversal Healthcare in the United States1615 Words   |  6 Pagesit is held back by its weak healthcare system. As of 2010 the US healthcare system currently ranks the 37th best out of 190 countries. Before the introduction of the Affordable Care Ac in 2010, the united States had an individual insurance market. It was the responsibility of the individual or their employer, t o take care of their healthcare costs. On top of this millions of people could be denied insurance by different agencies due to pre-existing claims. Healthcare was expensive, but the costsRead MoreHealth Care For The United States1361 Words   |  6 PagesRising healthcare costs in the United States have made healthcare less affordable over time, creating a major public health issue for individuals without insurance. In a Health Affairs study about patient accessibility to care, the differences between adults with and without coverage has broadened from 2000 to 2010.1 The Obama Administration recognized this as an issue, and in 2010 signed into law the Affordable Care Act to make health insurance available and ultimately affordable to all US citizens

Reflection Paper For The Goal A Process Of Ongoing...

ACCT 315 – 01 Daniel Allington Due: April 11, 2017 Reflection Paper for The Goal: A process of ongoing improvement (Goldratt) 1. Say we have identified the bottleneck machine of a production process. List at least four things suggested in the book that will result in a greater throughput without actually expanding the physical capacity of the machine. The setup crew should setup the machine so that it is running parts while they are on their break or lunch to decrease its idle time. Use other machines that can do the same task as the bottlenecks. Outsource the job of the bottleneck to another vendor. Stop running parts for orders that are not immediately needed. Another thing that can be done is have quality control inspection tasks†¦show more content†¦So, to reach your expected target you really need a capacity much larger than your expected output 3. You are the manager of a manufacturing plant. The plant is having trouble making a profit, deliveries are always late, customers are dissatisfied, and the workers in the plant are upset and are threatening a strike. Your boss will close the plant if you don t do a lot better by cutting costs and increasing sales. Besides that, your spouse may divorce you and your children are failing in school. Your staff has come up with the following action plans. Comment on the advisability of each plan in terms of Throughput, Inventory and Operating Expense. I want more than a direction of change. I want a reason for the change. a. The process engineer suggests that you find the most labor-intensive operation that the plant performs. Reduce costs by automating the operation. Jonah always worked with Alex by asking him questions rather than giving him specific answers to the questions being asked. Questions, I would ask and seek answers to would be: Will automating the process actually save costs? Machines typically cost millions of dollars so replacing the work done by human capital with machines, how long will it take to see a difference in the company’s bottom line? What is the return on investment? Would having this machine allow the company to increaseShow MoreRelatedClassroom Environment : A Better Understanding Of Our Schools And Our Educational System Essay1489 Words   |  6 Pagesteachers have a responsibility to honestly (and constantly) reflect and make needed adjustments to their methodologies. This paper will be structured around and focused upon these core matters in an effort to demonstrate their implications for my future classroom and teaching experiences; In exploring these matters, I will ultimately argue that teaching is trul y a learning process in and of itself. Background Matters In the first few weeks of the course, we focused on the topic of identity. By beginningRead MoreThe Performance Of The Spring Concert1675 Words   |  7 Pages(Allen, 2011). While public performances and community involvement are valuable components of a quality music education program, assessment must be more meaningful than awards or a lack of complaints. In order to be effective, the assessment process should be ongoing, frequent, and individualized. A national study found that professional development in arts assessment is lacking: Respondents see a need for professional development, university training, and certification programs in all art forms to improveRead MoreImproving Performance Management Strategies And Alignment Between And Organizational Goals1694 Words   |  7 Pagesalignment between and organizational goals, and therefore increase overall performance. Timeliness Under the current system the year end review occurs at the earliest in March. In order to create a forward thinking performance management approach within the year end review, it should be given by the end of January. Discussing goals and ways to move forward must occur when the employee has an opportunity to improve their performance and achieve the established goals. Training Managers should receiveRead MoreAn Ideal Learning Practice For The Emergency Airway Management Team1822 Words   |  8 Pagessituations. A structured process of ongoing assessment and performance improvement is integrated into the ideal learning practice. This assessment is multidimensional and focuses on learning and performance of both the individual and the team as a whole. Finally, ongoing performance improvement activities support ongoing learning not by focusing on identifying deficiencies, but by emphasizing the EAM team’s success, encouraging innovation and identifying strategies for improvement. The comparison betweenRead MoreEvaluation Of An Anonymous Questionnaire1281 Words   |  6 Pagesresults, and determining the level of success. The projected timeline for this project is six months; three months to develop the pre-transfer checklist, and another three months to fully implement the checklist and evaluate the outcomes. This is a paper-based tool that is cost-effective and simple to develop. To begin this project, a thorough review of incident reports submitted by Farr 6 nurses will be necessary to provide information as to what issues related to patient transfers have been reportedRead MoreReflection Paper : Evidence Based Management1205 Words   |  5 Pages Reflection Paper: Evidence-Based Management Carolann Stanek University of Mary 630 – Contemporary Issues in Healthcare Administration â€Æ' Reflection Paper: Evidence-Based Management Evidence-based management [EBM] is the use of evidence to make decisions regarding business process, operations, and strategy to improve performance of an organization (McAlearney Kovner, 2013). Using EBM initiates a formal decision-making process in which a problem is identified, evidence is gathered, optionsRead MorePersonal Reflection1034 Words   |  5 PagesPersonal Reflection I am very proud of myself for completing my master’s degree this past May. This is my highest educational accomplishment thus far. Also, I feel blessed for my job as a Spanish teacher at Jackson Elementary. Working in a Title I school district has given me the chance to develop new strategies and skills to meet of disadvantaged, at-risk students. Nonetheless, one of my aspirations is also to be an ESL teacher, so I can help English language learners and assist new immigrantsRead MoreEssay On Health Care Development1509 Words   |  7 Pagesmedical step down unit. The first section of this paper discusses the description of the proposed unit including a mission statement, prioritized values, and an organizational chart depicting how all employees from the unit are connected. This is followed by a description of my preferred leadership style and managerial role, empowerment strategies, conflict resolution, and important interventions. Strong leadership, effective management, cl ear goals, and objectives are key elements for creating a successfulRead MoreEssay about Enabling Learning Through Assessment1414 Words   |  6 Pagesthe teaching style to meet their learning needs and ensure the inclusion of all students, so that they might achieve the best outcome in all stages of the learning process. The use of the initial assessment can be demonstrated in a range of ways, and adjusted to meet the skill level of the learners. Some may be new to the learning process therefore it can be useful to keep this stage of assessment informal, so not to cause too much distress to the learners who may feel pressured by ‘assessment’. OneRead MoreA Most Excellent Goal : Using Goldratts Theory Of Constraints1577 Words   |  7 PagesA Most Excellent Goal: Using Goldratt’s Theory of Constraints A seed contains all the information necessary for its fruit to reproduce and flourish. In 1984, the late Dr. Eliyahu M. Goldratt wrote The Goal, a novel that contains a theory with principles and techniques that have been the catalyst for the operational success of companies and organizations around the world. How did a book, written to support a scheduling system developed by Goldratt to help increase production at a neighbor’s chicken

Policy Tools Free Essays

Command and control regulation as defined by Michael Raegan(1987) is â€Å"a process or activity in which government requires or prescribes certain activities or behavior on the part of individuals or institutions, mostly private but sometimes public, and does so through a continuing administrative process, generally through specially designated regulatory agencies†. There is a history of command and control regulation as a policy instrument of the government in Trinidad and Tobago as evidenced by its placement in 2013 and 2014 budget in relation to the gaming ndustry. The gaming industry in Trinidad and Tobago is an illegal one, which operates without government regulation. We will write a custom essay sample on Policy Tools or any similar topic only for you Order Now As stated in the 2013 budget Minister Howai â€Å"Mr. Speaker we intend to bring the gaming industry under more effective control and capture more fully the revenue that can accrue to the Treasury. The Gaming Industry offers a legitimate form of entertainment if it is properly regulated. It was proposed that effective May 2013 a series of regulations would be put into place to manage the industry until the comprehensive framework and control body was established. In the 2014 budget Minister Howai acknowledged that previous stated policy had not been fully implemented but that vital steps were underway, which included extensive consultations with various stakeholder bodies. According to Finance Minister, the Honorable Larry Howai, a comprehensive governance structure for the industry was developed over the last year. It will entail the establishment of a Regulatory Commission with the power to license premises, operators, suppliers and key employees. The new legislation will control the operations of what will be referred to as registered casinos. The primary advantage of command and control regulation towards the gaming industry in Trinidad and Tobago is that being an illegal practice (aside from pool betting halls), government has the legislative upper hand to determine what is to be regulated and how. Mitnick (1980) explains that a government need not know in advance its subjects preferences as in the case of voluntary instruments and little information is needed to establish the regulation as a result. Government can simply establish a standard and expect compliance (Howlett and Ramesh 2009) making it a highly cost and time efficient tool. Secondly regulation in itself allows for better co-ordination of government efforts and planning because of the predictability it entails (Howlett and Ramesh 2009). This is tied to the directness and specificity of the nature of command and control regulation. This predictability and directness of the regulation makes it easier and more suitable of an instrument in times of crisis or when an immediate response is needed, as noted by the Minister that the gaming industry is substantial and growing industry with the high prevalence to criminal activity and social ills thus immediate action needs to be aken to arrest the issue before it spirals, while reaping the benefits of increasing revenue at the same time. Command and control regulation is also more cost efficient than other instruments as well as publicly and politically appealing government’s part† (Howlett and Ramesh 2009) Although command and control regulation is cost effective especially when compared to other instruments it is still quite costly, as the cost of enforcement by regulatory bodies may be high due to further costs of information, investigation and prosecution which make the policy legalistic and adversarial(Hahn and Hind 1991). Another issue with command and control in the context of the gaming industry in Trinidad and Tobago is that the very nature of the industry is problematic. Private members’ clubs, slot machines etcetera which constitute the industry are all illegal activities that have been allowed to flourish without regulation, thus the administration of the regulatory framework is problematic as it needs to gain legitimacy and acceptance by an illegitimate structure. There has to be total co-operation on the part of all members of the gaming industry in order for regulation to be effective and adhered to. Dyerson and Mueller (1993) also state that regulation is often inflexible and does not offer consideration for individual circumstances, thus a one size fits all regulation of casinos, private members clubs etc does not take into account the size and profitability or extent of gambling taking place. This may lead to incompliance with the regulatory structure and undermining of the very framework government is trying to cement. A mixed approach to regulation could be used, a good example of which is self regulation, which would be more cost effective as government would not ave to foot the cost of â€Å"creation, administration and renewal of standards† (Howlett and Ramesh). However there is a tossup as to how effective and favorable alternative methods really are when one considers the social costs of ineffective or inefficient administration of voluntary standards, especially those related to non-compliance (Gibson 1994 and Karamanos 2001) The overall usefulness of this policy tool cannot be fully assessed as it has not been fully implemented and remains largely at the drawing board. This perhaps is a sign of its ineffectiveness and inability to meet the goals of the government. How to cite Policy Tools, Papers

Australia and New Zealand Banking Group

Question: Write an essay on Australia and New Zealand Banking Group Limited. Answer: Australia and New Zealand Banking Group Limited (ANZ Bank) is one of the leading banks in the country, which is operating their business in the global market. The company has made good reputation across their customer base by providing best services and experience. The company is now interested to expand their business particularly in three countries which are France, Brazil and Korea (Piekkari, Welch and Welch 2014). All the targeted three countries belong to three different continents therefore different market is expected to respond to the expansion strategy. ANZ Bank is planning to expand their business in those markets by the help of acquisition or strategic partnership in the initial stage. The objective of this report is to analyze and, discuss the character of the three different markets. The formulation of strategy should be suitable for the local market that may not match with other country (Cavusgil et al. 2014). This report discusses about the potential problems of the market that are associated with the business and may influence the outcome. To invest in those market it is also important to understand the future market in those countries otherwise the business outcome will be negative. Cultural aspect also influences the business in the long term, which is also under the consideration of the report . After the discussion, suitable recommendations are given to implement the strategy of business expansion. Understanding market structure Market structure is dependent on the market condition, which is very important aspect of every business. Every company measures the level of competition before entering the market that helps to understand the volume of business and profitability. France French banking industry is saturated with lot of competitors who are operating their business in very low profit margin due to intense competition. Due to the intense competition in the market and most of the players are in the same category therefore France banking industry has perfectly competitive market structure (Jonsson and Foss 2011). In this type of market competitors, produce standardized product to their customer, which is more or less same in nature. Perfect competition market structure provides the ease of market entry and exit which is beneficial for the large organization (Piekkari, Welch and Welch 2014). There are several competitors in the French market like Cooperative Banks of France, which is the market leader and Defunct Bank of France also produce good business in this market (Gilbert, Rasche and Waddock 2011). Brazil Banco Bradesco Financiamentos, HSBC, Banco PanAmericano and Citibank are the major competitors in Brazil. The Brazil banking industry is facing deep recession for the last five years and several large organizations is withdrawing the business from the country (Rugman, Verbek and Nguyen 2011). The current market situation is associated with the lot of uncertainty and competition is not structure properly. Many banking corporation is facing problem to gain profit, which has changed the market character. The market structure in Brazil is oligopolistic competition where barrier to market entry and exit is also high. Korea Korean banking industry poses highly monopolistic market structure where many competitors are available but all of them provide different kind of products to their customer. Therefore, to compete in the Korean market, it is very important to introduce customized product for their customer. Korea Exchange, Hanvit Bank and Korea Housing Bank are the main market leader, which has almost 40% market share (Okoro 2012). Apart from that, several other national and regional banks are also operating their business in this market. Analysis of market size and profitability Market size and profitability is the primary focus of every business strategy because it provides the understanding the volume of the business for new entrants. To conduct the report, market size and profitability is discussed here. France The Banking market in France is quite big and many competitors operate with good volume of business. The total yearly volume of the business is near about 138 billion Euros. The last five years trend of French banking industry is good which shows a decent growth year after year, however 2014 has faced a negative growth due to international market (Kumar, Gaur and Pattnaik 2012). The average business in the banking sector is growing in a good pace and several international banking companies are entering the market because of the stable growth however, the profit margin is very low in this market due to perfect competition (Fdration Bancaire Franaise 2016). Brazil Brazilian market is highly vulnerable in terms of business volume however, the total market of the Brazilian banking industry is larger than France due to its business intensity, population and area. The total volume of business is expected near about 212.6 billion dollar in 2016 (Thomas White International 2016). Last five years trend of the Brazilian banking industry is also not good because it shows an unstructured growth. The market is highly influenced by the international market however; the profit margin is very high in this country. Most of the international banking corporation prefers Brazil for their business purpose because of the better profit margin (Chan, Finnegan and Sternquist 2011). The reason behind the more profit margins is the uncertainty of the market. The loan recovery rate is bad therefore, every ban charge higher rate of interest to the business organization. Korea Korean-banking industry is facing serious reforms in the recent time and the banking system is changing to bring the investment from outside. In spite of several problems in the national level, the banking sector in Korea has shown stable growth, which is the indicator of the stable business growth in the country. The average volume of business in this country is low however; the future scope of business is very high in this country. The number of competitors in this market is also low and the private sector banks are not having good strength due to the national policy of banking in the past (Kowalkowski, Kindstrm and Brehmer 2011). The profitability of the business is also high due to the monopolistic competition. If ANZ is able to introduce new products in this market then there is high chance to get good growth. Analysis of potential problem of each market Potential problem for establishing business in France is associated with the administrative department of the government that takes considerable time to provide permit. The government of France ranked 82nd in the world in terms of protecting foreign investors in terms of land acquisition and resolving insolvency. The tax rate of the government is also high that influence the profitability of the company. Since the rate of interest in the country is very low, therefore it is very difficult to start new business (Hashai 2011). The tax structure of France is also high therefore it is very difficult to operate business in high margin. In case of Brazil it is one of the liberated country for the business organization. The main problem of the country is the class between the local and national government, which take lot of time to proceed with the required permission along with the bureaucracy culture. Corruption is another potential problem for the foreign business organization in this country (Hutzschenreuter, Voll and Verbeke 2011). Local labour force belongs to the several unions therefore foreign investors have to continuously negotiate for the business growth. Brazil do not have good infrastructure therefore future business scope is less in this country however recently government has taken initiative to enhance the infrastructure development (Gabrielsson, Gabrielsson and Seppl 2012). The potential problem for business in Korea is associated with the bureaucratic culture of the government however; they are changing their views and encouraging foreign investors to establish their business in the country. In terms of business culture, the country has only one problem that is language otherwise Korean government is providing lot of benefit to the foreign investors (Solutions, 2016). The infrastructure of the country is very good and the labour force is also well educated that support the business. Analysis of future development Analyzing the current development of three countries, it can be said that Brazil has the highest scope to conduct more development in the country whereas France is already a developed country in terms of infrastructure development. Korea has also several aspects that can be developed in the country. The technology use is also good in Korea because several local companies are inventing new technology (Gabrielsson, Gabrielsson and Seppl 2012). The future business scope is best in Korea because the country has already good infrastructure and low corruption. The government of Korea also provide good land acquisition policy that help foreign investors. On the other hand, Brazil also has the opportunity to develop the country but the corruption of the country is slowing down the process. If Brazil implements foreign investment in their infrastructure development then ANZ bank will have lot of scope to increase their business (Buckley 2014). The Banking business is also good in this country because many local bank is operating their business therefore acquisition of such bank will help to get the initial infrastructure for the business (Hutzschenreuter, Voll and Verbeke 2011). If we consider the future business in France then it is weaker than Brazil and Korea. The scope of investment is less in this country however retail sector of the country also provide lot of opportunity for the banking sector. The volume business in future is less in France because of low infrastructure development investment (Rasche 2011). Impact of foreign exchange The impact of foreign exchange in the business is high due to the rate difference of several countries (Hutzschenreuter, Voll and Verbeke 2011). Operating business in such a country is beneficial for the investor because it will mark positive impact on the exchange of the foreign money to the business. According to the foreign exchange rate and policy, France is the suitable option for the banking investment because the foreign exchange rate is low for the foreign investors (Douglas and Craig 2011). The Stability of the business also depends on the foreign exchange because it helps in import and export of goods. In case of Brazil and Korea their currency rate is low therefore their foreign exchange rate is high which cost more to the exporting and importing of goods. However, Korea is still better for the business in terms of foreign exchange ratio whereas Brazil take lot of tax in this segment (Dhaliwal et al. 2012). In case of banking operation higher ratio of foreign exchange will gain more profit that is beneficial for ANZ bank. Impact of cultural aspect for market entry Every market has different characteristics that impose lot of influence to the business. When any foreign company establishes their business in different country then they face cultural difference first. The cultural difference is not only associated with the social factor however it also includes the national policy of the government to establish the business. The cultural aspect is mainly associated with the social culture of the country (Luo and Shenkar 2011). In case of France the cultural aspect of the business is associated the development of the economy. The country is among one of the most modern country that provide skilled labour support to the business organization (Piekkari, Welch and Welch 2014). The government of the country also supports foreign investment to improve the business standard. Therefore, investment in this country will be profitable in spite of low profit margin because low profit margin will be compensated by volume of business. In case of Brazil, the business culture is also good however, the economic stability of the country is low due to several reforms in the country (Rugman, Verbek and Nguyen 2011). The volume of the business may be low in this country but the margin of profit is very high that can compensate the business. The availability of the skilled labour is less as compared to France but the government also allows foreign workforce for the foreign investors (Hutzschenreuter, Voll and Verbeke 2011). Therefore, it also becomes profitable for the ANZ bank to establish their business in Brazil. Korea has one of the strongest economies in the Asia pacific region because their government is allowing the foreign investor in recent time. The growth of the business is the highest in the continent. The nation labour of the country is country is well skilled and educated to support the business (Luo and Shenkar 2011). According to the measures of market entry France has the suitable options for the foreign investors whereas Brazil and Korea is still introvert as compared to France. Conclusion From the above report, it can be summarized that the international business opportunity in France, Brazil and Korea is good that provide lot of flexibility to the banking business. The cultural aspect of three countries is positive however, difference in the local skilled labour will make a difference to the business. Most importantly, the policy of the governments in Korea and Brazil is comparatively lesser than France. The infrastructure of France is already developed whereas Korea and Brazil has lot of scope to develop their infrastructure with the help of banking investment. Most importantly Brazil and Korea banking industry is associated with lot of local players, therefore it is easier to acquire other companies with their development in the business. In France, most of the companies are large organization and the local banks do not have the infrastructure to develop their business. Therefore, it is difficult to acquire other companies in France however; strategic alliance is t he best option to establish business in France. Last five year data of the banking sector in three countries is also associated with good growth therefore the trend of the business is suggesting to acquire or merge other organization to establish their business. Recommendations Adoption of Different Culture: ANZ Bank has top adopt different cultures to establish business in other countries. The company also need to adhere to the government policy because the financial market system of different country is different. Building of Strategic Alliance: Company should establish their business first in France through strategic alliance because acquisition cost high. With the help of strategic alliance company can get a customer base and the existing business. Evaluation of Business Scope: ANZ has to evaluate the business scope in Brazil to find out the situation of the business. The company should step very carefully due to the problem of workers union. Company should hire skilled labour to operate business in Brazil. Business Expansion to Korea: Korea is the best place to expand the business because it has the infrastructure and the government is encouraging investors. Due to many local players in the country, ANZ bank should acquire other company to establish their business. Reference List Buckley, P.J., 2014. International integration and coordination in the global factory. InThe Multinational Enterprise and the Emergence of the Global Factory(pp. 3-19). Palgrave Macmillan UK. Cavusgil, S.T., Knight, G., Riesenberger, J.R., Rammal, H.G. and Rose, E.L., 2014.International business. Pearson Australia. Chan, P., Finnegan, C. and Sternquist, B., 2011. Country and firm level factors in international retail expansion.European Journal of Marketing,45(6), pp.1005-1022. Dhaliwal, D.S., Radhakrishnan, S., Tsang, A. and Yang, Y.G., 2012. Nonfinancial disclosure and analyst forecast accuracy: International evidence on corporate social responsibility disclosure.The Accounting Review,87(3), pp.723-759. Douglas, S.P. and Craig, C.S., 2011. Convergence and divergence: Developing a semiglobal marketing strategy.Journal of International Marketing,19(1), pp.82-101. FBF - Fdration Bancaire Franaise. (2016).Overview of the french banking industry. [online] Available at: https://www.fbf.fr/en/french-banking-sector/overview/overview-of-the-french-banking-industry [Accessed 28 May 2016]. Gabrielsson, P., Gabrielsson, M. and Seppl, T., 2012. Marketing strategies for foreign expansion of companies originating in small and open economies: the consequences of strategic fit and performance.Journal of International Marketing,20(2), pp.25-48. Gilbert, D.U., Rasche, A. and Waddock, S., 2011. Accountability in a global economy: The emergence of international accountability standards.Business Ethics Quarterly,21(01), pp.23-44. Hashai, N., 2011. Sequencing the expansion of geographic scope and foreign operations by born global firms.Journal of International Business Studies,42(8), pp.995-1015. Hutzschenreuter, T., Voll, J.C. and Verbeke, A., 2011. The impact of added cultural distance and cultural diversity on international expansion patterns: A Penrosean perspective.Journal of Management Studies,48(2), pp.305-329. Jonsson, A. and Foss, N.J., 2011. International expansion through flexible replication: Learning from the internationalization experience of IKEA.Journal of International Business Studies,42(9), pp.1079-1102. Kowalkowski, C., Kindstrm, D. and Brehmer, P.O., 2011. Managing industrial service offerings in global business markets.Journal of Business Industrial Marketing,26(3), pp.181-192. Kumar, V., Gaur, A.S. and Pattnaik, C., 2012. Product diversification and international expansion of business groups.Management International Review,52(2), pp.175-192. Luo, Y. and Shenkar, O., 2011. Toward a perspective of cultural friction in international business.Journal of International Management,17(1), pp.1-14. Okoro, E., 2012. Cross-cultural etiquette and communication in global business: Toward a strategic framework for managing corporate expansion.International Journal of Business and Management,7(16), p.130. Piekkari, R., Welch, D. and Welch, L.S., 2014.Language in international business: The multilingual reality of global business expansion. Edward Elgar Publishing. Rasche, A., 2011. A Necessary SupplementWhat the United Nations Global Compact Is (and Is Not). InCorporate Social and Human Rights Responsibilities(pp. 52-76). Palgrave Macmillan UK. Rugman, A.M., Verbeke, A. and Nguyen, P.C.Q.T., 2011. Fifty years of international business theory and beyond.Management International Review,51(6), pp.755-786. Solutions, E. (2016).South Korea financial services analysis and data from The EIU. [online] Eiu.com. Available at: https://www.eiu.com/industry/financial-services/asia/south-korea [Accessed 28 May 2016]. Thomas White International. (2016).Brazil | Banking Sector | Banks | Credit Growth. [online] Available at: https://www.thomaswhite.com/global-perspectives/brazil-banking-retail-segment-driving-growth/ [Accessed 28 May 2016].