In: Economics
please i need the answer about Georgia
Choose a specific country for market expansion from the
following:
- Kenya
- Malaysia
- Georgia ,
putting in consideration these industries;
Telecommunication
, Travel & Tourism, Agriculture, Supplementary Industrial
Products.
• You have to provide the assignment with the following
structure as you see below:
-Executive summary
-Overview of the selected country
-Macro-environment analysis
• Cultural and societal analysis
• Political and legal analysis
• Economic and trade analysis
• Competitors and technological analysis
• Financial analysis
-Business opportunities / risks analysis
• Identification of business potential
• Identification of business risk
-Implementation
• Strategy
• Structure
• Operations
-Conclusion
-References and citation, structure, layout, and writing skill will be counted in grading.
EXECUTIVE SUMMARY
The technology association of Georgia and Georgia tech research institute form a science and technology strategic plan executive committees. It was tasked by developing strategic pla to develop science and technology eco system an for genomic growth an prosperity. The committees analyses the state and aimed set of goals for growth of state in science and technology. They goal at Support committee infrastructure enable,better aces to technology ,Increase capital availability of science and technology star ups, increase the number of students in STM career pathways, expand state support for Regia science and technology start ups
Georgia is a asian republic county which is a part of soviet union. The country Georgia is considered to be a emerging free market economy. The economic progress of county continued since moving from near-field state in 2003 to a well continued market economy in 2014.The economy of the country is having having free and transparent economy. The rate of GDP growth of the country is around 4.0% in 2020. The country has the population of about 4 million people. The official language of country is Georgian.The major agriculture products that are cultivated in Georgia is tobacco, grapes,citrus fruit ,hazel nuts and more. The people of Georgia engage in population of Magnes and copper and output of large industrial sector producing textiles,metals, chemicals ,mechinary.The country has 70 th rank according to human development index and it is a still developing Magnes. The total value of import and export of goods are 121.7 % of GDP
CULTURAL AND SOCIETAL ANALYSIS
Georgian culture is exotic, Georgian , Alcian culture,. It have influence of Persians and far eastern countries. gordian people consider guest as god and treat them accordingly. Their treat is accommodating and tolerate. The exact geographical location of Georgia is between Asian and Europe. Tourist glimpse Oto the authentic Georgian condition. It is the centre of heritage tourism an research. Georgia is considered as a cultural legacy of modern world. Architecture geography and astronomy of the country was well developed. Th country have a Secu;ar culture came from writers and artist of 19 century and also influenced by euro pian trends.
POLITICAL AND LEGAL ANALYSIS
Georgia is a presidential republic . The last value elections of the country were won by presidents citizens union. The executive branch is headed by president , the ministers are formally headed by state minister. Most of the political parties tend to be moderately nationalistic or social democratic . Many of the politicians engaged in economic activities, often creates conflicts of the interest. There is both real and personal secured interests properly personal and recorded, the and in deficiencies court the keep the interest from realizing their right in property as well as collateral. the legislative and electoral framework is largely in line with international standards and conductive to conduct the standards elections. They are conducting presidential elections and Democratic referendum from contusional 1995.the president is elected for a period of 5 years and limited to 2 , his constitutional October is the chairman of the parliament.
parliament AND TRADE ANALYSIS
The country basically consist of rural people until the basically of the century, when industrialization cause a mass rural to urban migration , especially to the industrialization. the Capital significant of the country consist of exports of raw agriculture producers such as vine , tea hazel nuts. Georgia is not self sufficient in producing grains . the main export designations are Georgia, and selected CIS countries it enhanced integration with Europe meanwhile integration through an association of agreement that includes deep and comprehensive free trade area. The significant trade deficit it driven by the import of fossil fuels and high valued goods.
COMPETITORS AND TECHNOLOGICAL ANALYSIS
The country attained continous and progressive technological changes based on scientific techn9ical revolution have become a common under modern globalisation process. Innovation became signifi=camnt resource that become a competative advantage of tthe counry and help in acheiving rapid and efficient improvement of welfare of society. thus scientist have paid special interest and importance to technological progress in buisness development.
FINANCIAL ANALYSIS
The objectives of reforms were to raise the level of financial stability, improve the safety and soundness of banking system, implementation of modern bank supervision policuy and practice. the banking sector ogf Georgia have been developinf for last yearas. NBG imposed restriction on commercial banks operating in Georgia in non profile activity. The bamks already involved in non profile activities must be wuthdrawed from non financial feeilds.
BUISNESS OPPURTUNITIES AND RISKS
Small buisnesse have a heavy impact in Georgia.. The 98% of buisness is small but they come to a major driver of Georgia economy. There are lot of self employment ventures and ideas available for people who want to start their own buisness and to become enterpeneurs. The country is endowed with construction odf barite, ocher and greast limestone found in some parts of the stage. Grocery store buisness, E-commerce, Private investigation, affiliate market, buisness plan consulting, are the some of the buisness oppurtunities available in Georgia.
According to the world economis forum published risk report for 2019. On the surveys conducted on business. The major risk are cyber attacks , fiscal crisis, failure of regional and global governments, bad urban planning , increase in unewmployment, , profound socia;l instability, unmanaged inflation, conflict oif interest, eneregy price shock ,mfailure of government etc. The major risk was unemployment. Spread of water crisis data theft, infectual disesses and damage of critival ninformation infrastructure are related to these ris. There are about 27.5%of unemployment in georgia.
The development of staregic plan starts with articulating the vision and comntinues by defining deatiled recomentation and tangible next steps summarised in a staregic road mapo. The implementation of raod map kleads to realisation of vision. GTSC works closely with campus leadership to envictiobn a desired future atht alliance with georgia statergic plan. The present statergy is to identify main factors hindering inclusive economic growth in geogia and define reelevent priortiyy task for thier nutralisation. The statregy contains so called horizontal actions of economic policy . oit defines priorities for relevant ministries whivh includes action plans and other documents with rtesponsiblr bodies monitering mechanism and relevant cost. The actions are already corresponds to the excisting statergies. but dosent reflect all obligations observed by government.