Implementing The Economic Development Of A Nation State

Introduction Business sector is one of the main aspects in determining the economic development of a nation state. Many nations concern on the development of the business sector within their countries. In Indonesia, the government is trying to arrange the best laws and regulations to boost the development of the business sector. By the full support from the government, now there are several local brands of Indonesia that able to gain success both in the domestic and international market. The internationalization of market is becoming the dream of every domestic company in Indonesia, (X) S.M.L is one of the local brands which has the dream to expand its market internationally, even though it still focuses on the development of their existing shops both in Singapore and Indonesia (Chaerunnisa, 2011). Internationalization itself covers the whole activities performed by the company which related to the foreign market activities (Strategy Train, 2009). To be able to expand its market inte rnationally, (X) S.M.L needs to improve at all operational levels within the company. In this paper, we would like to elaborate the potential advantages of (X) S.M.L within its products. We are trying to analyze the challenges and opportunities faced by (X) S.M.L. and also the current position of (X) S.M.L in order to enter the international market. We also would like to provide the explanation of the current strategies being used by the company, and the improvement that should be made, asShow MoreRelatedNatural Resources And Environmental Management1273 Words   |  6 Pagesthe knowledge and understanding of how to use economic and econometric methods to determine trends, patterns and relationships and to examine the effects of alternative policies and assumptions. †¢ Complementing my academic qualification, I have more than 10 years of collective involvement in conducting country-level qualitative and quantitative research analyses on a wide array of crosscutting issues related but not limited to sustainable development, biodiversity, the water-food-energy nexus, andRead MoreCentral Bank1254 Words   |  6 Pagesof Central Bank, it’s monetary policy and issues facing Central Banks. The evolution of central banks as key players in economic affairs has a colorful history embodying over two centuries of economic and political thought. 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