International Business Case Study - 2274 Words

International Business Case Study Sun Life Financial and Indian Economic Surge How is the Insurance market in India changing? Why is India an attractive market for investment? The insurance market in India has undergone significant changes over the past few years The Insurance Act of 1938 was the first legislation governing all forms of insurance to provide strict state control over insurance business. Life insurance in India was completely nationalized on January 19, 1956, through the Life Insurance Corporation Act. All 245 insurance companies operating then in the country were merged into one entity, the Life Insurance Corporation of India 1972 - The General Insurance Business (Nationalization) Act, 1972 nationalized the†¦show more content†¦Liberalization on the Insurance sectors allowed foreign players to enter the market with Indian partners. India also offered immense possibilities to foreign Insurers since it is the world s most populous country having over a billion people. Indian population comprised of 1.05 billion, savings rate being 26 percent and middle class population of 300 million, out of which only 110 million were insured. Insurance density in country, based on per capita premium was just $5 in life insurance segment and $2 in general segment. The share of life insurance premium to GDP was 1.29 percent. Sun Life Financials studied the Indian scenario and saw great untapped potential in Indian Insurance market, economic stability and growth prospects and hence decided to enter Indian Market. What was the entry mode in India for Sun Financials and why? Sun Financials entered the Indian market through a joint venture with the Aditya Birla Group. The joint venture was called Birla Sun Life Insurance Company. The structure and equity pattern was Indian Rayon and Birla Global Finance Ltd having a stake of 69 percent and 5 percent respectively while Sun Life Financial held 26 percent. Sun Life Financials holding was limited to 26 percent because the Indian government set up the Insurance Regulatory Development Authority (â€Å"IRDA†) inShow MoreRelatedInternational Business Case Study7015 Words   |  29 PagesAssociation of Business Executives QCF International Business Case Study Fiat Automobiles S.p.A Tuesday 4 June 2013, Afternoon This is an open-book examination, and you may consult any previously prepared written material or texts during the examination. Only answers that are written during the examination in the answer book supplied by the examination centre will be marked. 6IBCS0613  © ABE 2013 J/601/2793 Notes l As in real life, anomalies may be found in this Case Study. PleaseRead MoreInternational Business Case Study934 Words   |  4 Pagescontaining vitamins and minerals which can prevent heart disease, obesity and dental problems. 2. What, if anything, can Western countries do to help improve the political climate for doing business in Vietnam? Give examples. a. By continuing and growing their exports, this can help to improve business in Vietnam. After the Vietnam war Vietnam became communist in 1975. Even though a lot has changed since then, Vietnam continues to be a communist country today. The politic framework in VietnamRead MoreInternational Business Case Study1558 Words   |  7 Pages1. What is international business? An international business is the exchange of goods and services with business or individuals in different countries all over the world. 2. Explain the 5 benefits that international trade offers to businesses? The 5 benefits that international trade offers to businesses are: Access to the Market - It’s when most business depend on international trade for their economic survival. Most countries usually have a larger international market then domestic marketRead MoreUber International Business Case Study1471 Words   |  6 PagesUber is an international mobile application (‘app’) available on operating systems such as iOS and Android. It uses several technology developments such as geographical tracking and payments processed through their mobile app as opposed to cash in hand payments like traditional taxi cabs. These developments match Uber drivers with customers either individually or using ride-sharing depending on their needs. This is a report that will be based on the research and findings of the case study on Uber UKRead MoreCase Study: International Business and Globalization605 Words   |  2 PagesSubject - International Business/Globalization Case Study - Matsushita and Japans Changing Culture Question - How did traditional Japanese culture benefit Matsushita during the 1950s to 1980s? Matsushita, a giant Japanese electronics company, was founded in 1918. Its work largely lay in its supplying Japan with radio equipment and other appliances. Traditional Japanese culture benefitted Matsushita during the 1950s to 1980s by creating a close and dedicated relationship between the companyRead MoreInternational Business Case Study Essay1164 Words   |  5 PagesThe Problem Within This Situation It is this impact upon Krom Bop-A-Lee’s psyche which serves as the primary problem in this particular situation. Krom Bop-A-Lee’s company should be proud to have her representing it; too often liaisons on international business trips of this nature are content to accept the overwhelming hospitality of their hosts and choose to ignore the goings-on â€Å"behind the scenes†. She should be commended for her dedication and willingness to immerse herself in every level ofRead MoreCase Study - Association for the Study of International Business (Asib)1353 Words   |  6 Pagesdo take on this large task in-house. However, I feel the potentially high revenues could be significant. Association for the Study of International Business (ASIB) Online Revenue Models Internet Commerce Chapter 3, Case 2 This report covers recommended online revenue models for ASIB’s journals, â€Å"Annals of International Business† and â€Å"International Business Today.† ASIB’s current net profit for both journals is $14,400 per year. My revenue model recommendations would amount to a profitRead MoreGreece International Business Case Study1200 Words   |  5 PagesGreece’s International Business Greece  achieved  independence from the Ottoman Empire in 1830.  all through  the second  half  of the  10th  century and the first  half of  the 20th century, it  step by step  delivered  neighboring islands and territories,  most  with Greek-talking  populations. In  world  struggle  II, Greece  become  first invaded  by  Italy (1940) and  in the end occupied  with the aid of  Germany (1941) combating  continued  in a long  civil  warfare  between supporters of the king and  different  anti-communistRead MoreInternational Business Programs Case Study834 Words   |  4 Pageswant to get connected with the international programs, they can do so, by learning who the faculty and staff are. There are numerous of faculty and staff members on the international programs. Some of them include Brad Bodenhausen, a director of international leadership and training center, Yi Winnie Wu, a assistant program specialist, Jinzi Fan , a program specialist in the international leadership and training center, Kelly Cabrera, a coordinator in the international leadership and training centerRead MoreInternational Business Case Study on Boeing4493 Words   |  18 PagesPolitical and Legal Strategic trade theory / strategic trade policies The political and legal aspect is especially crucial to conducting a business on an international level. Firms involved in global business must be familiar with and obey not only the laws of their home country, but also the local laws of each country in which they do business, and international laws. From a different perspective, governments may also utilize different regulations, such as exchange rates, interest rates, taxation