due date: 11/18
Please read my team project “Jollibee” and “project PPT” before answering. 
please include 3 slides PPT for FINANCIAL AND BUSINESS RISKS (please see the PPT example)Company:

Jollibee

Country From: Philippines

(Expand)Country To: Australia-Sydney

Product/Service: Fast Food

How (FDI/Export/License): Strategic Partnership

Final project (about 600 words) include 3 slides PPT(please see the “PPT example)

Managing International Financial & Business Risks:

a) ECONOMIC AND FINANCIAL RISKS

· Identify key areas of uncertainty related to level of economic development, infrastructure, and changing economic conditions in the country being considered for business operations. (A weak infrastructure or volatile currency increases the risk of doing business in a foreign market.)
b) SOCIAL AND CULTURAL RISKS (Hofstede)

· Discuss customs, traditions, and social values in your proposed location that could create risks for the enterprise. (Religious beliefs or the role of family can affect uncertainty when starting and implementing an international business operation.)
c) POLITICAL AND LEGAL RISKS

· Analyze the uncertainty that might be created by political stability, corruption potential, and business regulations. (Required labeling, tariffs, or ownership restrictions may be encountered in various nations.)
d) RISK MANAGEMENT TECHNIQUES

· Compare various risk reduction strategies available when doing business in other countries. (Common risk management methods include insurance, diversification of product line, strategic alliances with local partners, and employing local managers.)

Conclusion:

Considering all the benefits, restate why you think your venture makes sense. Then…

Ask for Approval

What do you want your stakeholders to do after they listen to your pitch?Company:

Jollibee

Country From: Philippines

(Expand) Country To: Australia-Sydney

Product/Service: Fast Food

How (FDI/Export/License): Strategic Partnership

CH 2
Consider the country where you want to expand your business: What is the political system?
A political system is a complete set of legal institutions or interested groups, such as lobby groups governed with political rules and norms that coordinate its functions. Australia, a targeted market for Jollibee, is an essential consideration for foreign investors due to its favorable business regulations and policies. The Australian government welcomes and encourages foreign investment consistent with community interest. Setting up a business Australia is fair since the nation believes in its strong and enduring democracy where regulatory frameworks and the rule of law prevail. However, the government can block proposals for companies operating business contrary to national interests.
Consider the country where you want to expand your business: What is the economic system? Do you consider it to be a mixed economy? If so, why?
The economic system of Australia is a mixed economy that utilizes tenants of Western economic systems and has a high GDP and low poverty rate. In 2018, Australia had the highest median wealth per adult. The economy is dominated by the service sector, which makes up 62.7% of the GDP and is responsible for 78.8% of the laborforce in 2017. Australia is a mixed economy because it utilizes a large amount of the private sector for its overall economy, but also employs public enterprises as well. The most integral part of Australia’s economy is the Australian Securities Exchange (ASX) and is one of the major sources of money flow in Australia. Australia also ranks number one in the Asia-Pacific region for labor, agricultural, and industrial productivity.

Consider the country where you want to expand your business: What is the legal system? Compare it with the country where your company is headquartered. What are the challenges that you foresee? Think about contracts for example.
Australia’s legal system have three parts which are commonwealth government, state/territory government, and local government. For commonwealth government, laws are passed by the Commonwealth Parliament, elected by all Australian citizens who are enrolled to vote. For state/territory government, laws are passed by the state or territory parliament, elected by those Australian citizens who live in that state or territory who are enrolled to vote. Local government by-laws are passed by the local councillors elected by people who live or own businesses within the local government area. For the challenges that we foresee, we must need to get though the state or territory government for the visa. Once the territory government accept us, we are able to reach the requirements and provide documents to support our application. When process is successful, we grante a Business Expanding Jollibee to Australia
Team Name: Spicy Ideas
Specific Product/Service:
Bacon Cheesy Yumburger, crispy spice fries, ube-purple yam, Chicken joy, etc
Location: Sydney, Australia
Team members: Patrick Chan, David Avina, Yanxing Wu
Oanh Nguyen,Shun Kit Mok

Purpose: In recent years, awareness of nutrition in fast food has increased, and consumers have chosen healthier foods. Jollibee will be a great addition to the modern high quality of life in the Australian market and will open the experience of Filippino fast food as well as appeal to Filipino patrons currently in Australia.

Mission:We intent to expand our business by having a strategic partnership with local farmers. Our mission is to serve great tasting food, bringing the joy of eating to everyone.We will purchase a 5,000 sq.feet restaurant that can accommodate 200 occupants and allow for a dining experience unlike other fast food chains.

Team Leader- Patrick Chan
SMART Goals Timeline:

11/10/2020 11/14/2020 11/21/2020 12/04/2020
Challenges:
Establishing Jollibee as a different fast food restaurant in a highly competitive industry
Finding/establishing business relations with local chicken farms and distribution companies
Research potential competitors and their market strategies
Determine mode of entry with analysis of benefits and costs
Utilize Porter’s 5 Forces Model to establish competitive advantages and differentiation
Establish distribution chain and restaurant location
Finalize strategic partnership with local suppliers
Compile data and report to team members

Co-Financial Officers – David Avina/Patrick Chan
SMART Goals Timeline:

11/10/2020 11/14/2020 11/20/2020 12/3/2020

Challenges:
Conversion between the Australian Dollar and The Phillipine Peso.
Differing laws in regards to taxes and business from country to country.
Determine cost effective local farmers to partner with
Determine start up costs
Determine most efficient operating costs
Risk assessment
Estimate profits before taxes
Compile all information

Project Secretary- Oanh Nguyen
SMART Goals Timeline:

11/10/2020 11/14/2020 11/20/2020 12/3/2020

Research target market and customer benefits
Research on consumer’s social and purchase behaviors
Research economic and political risks expanding to Australia
What Jollibee has to offer local pallets
Find benefits of expanding to Australia
Summarize the impacts and inform team members

Challenges:
Company values may conflict with social norms
Being late-movers, consumer




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