Question

Suppose you were sent on an overseas assignment to another country (you decide which one). Research that country's economic, political/legal, and cultural environments. Write a report summarizing your findings.

Answer 1

MACRO ENVIRONMENT (ECONOMIC, POLITICAL/LEGAL, AND CULTURAL ENVIRONMENT) ANALYSIS REPORT –UAE

macro environment a macro environment is a set of external conditions that affect a business’ development efforts either positively or negatively. These elements are considered uncontrollable and they have an impact in the company’s overall performance.

UAE is a middle eastern country located on the arab peninsula, the united arab emirates (uae) consists of the seven small emirates of abu dhabi, dubai, ajman, umm al-qaiwain, sharjah, ras al-khaimah, and fujairah, which were united as a federal state on 2 december 1971.

The political-legal environment consists of factors such as the current political party in power, government policies, current legal framework etc.

      government consist of the president and his deputy, the supreme council (the supreme council has both legislative and executive powers), the cabinet(the cabinet consists of ministers), the federal national council, and an independent judiciary with a federal supreme court. Political environment refers the united arab emirates’constitutional federation established in december 1971.

The social environment or the cultural environment in which a firm operates can be a major factor in the success or failure of the firm.

Classes and castes emirati society is divided into two social categories: the nationals and the foreign immigrants. Citizens are subdivided into four main social classes from the ruling sheikhly families,the merchant class, the new middle class,and low-income groups.symbols of social stratification. The symbol of a male nationals is a white robe and white head cloth men grow short beards as the custom of muslims.women wear long dresses with a head cover and black cloak . Islam dominates all aspects of life.

The economic environment. Uae is an open economy, and is certainly one of the more open as per ibrd gdp is 38,257.51 crores usd (2017). Economic growth has been showing and steady throughout the history. Since independence has grown by nearly 231 times reached to 1.45 trillion aed in 2013.

The national currency name is called the dirham. The uae is the third largest exporter of crude oil. A member country of The Organization Of Petroleum Exporting Countries (OPEC). There is a free trade agreement in place with the world power united states, several areas have set up free trade zones for attracting foreign investors