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Essay / Research Paper Abstract
This 4 page paper uses a PEST analysis that looks at the political, economic social and technological influences that may need to be considered when looking at centralizing a trade finance department of a bank which currently has ten offices. The bibliography cites 4 sources.
Page Count:
4 pages (~225 words per page)
File: TS14_TEcentPEST.rtf
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Unformatted sample text from the term paper:
has locations in 10 different countries. To consider the implications a PEST analysis may be used. There are a number of political considerations. With offices located in ten different
countries the finance trade department has operations under the different jurisdictions. This gives them inside knowledge and a demonstrable ability to work within the different countries and supports trade between
the nations. There is an advantage to having an office in each jurisdiction from a commercial and practical perspective, making it easier to deal with relevant authorities where necessary. The
presence in each market can also give a commercial advantage, with companies sometimes happier to deal with companies in the local area. Having a centralized office may be a disadvantage
if there is deterioration in the political relationships between the county in which the department is centralized, there may be some practical issues, especially if there are any trade or
financial restrictions put into place (Mintzberg et al, 2003). Political changes have also increased the potential for a single centralized office. There are increasing numbers of trade agreements making
it easier for capital to cross the boarders, as seen with the expansion of the European Union and the rising number of World Trade Organization members. This makes it more
viable for a centralized trade finance department to be created. There are a large number of economic influences that may benefit as well as disadvantage the move. There are
commercial pressures to increase revenues and decrease costs on most businesses (Thompson, 2007). Increasing the return on investment is usually the primary concern of the shareholders; for a bank
this can mean increasing business, but also efficiently. By creating a single centralized office there are a number of important savings. Using a single office rather than ten offices may
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