NMO S4 SPRINT ONE | BUSINESS CASE SCENARIO - 03
Submission BCS
Ramalingam Foods
Submission Date & Time: 2021-11-25 12:12:05
Event Name: NMO S4 Sprint One - IIM Visakhapatnam
Solution Submitted By: SyncIt
Assignment Taken
Looking for business opportunities provided by Singapore.Case Understanding
Founded in 1965 by Mr. Ramalingam Venkatesh Ramalingam Foods is a successful fast-food restaurant. They were famous for their authentic south Indian food and filter coffee. During emergency strict rules were imposed on selling food items at minimum price. Under immense pressure Ramalingam Foods found innovative solutions to sustain themselves in these harsh conditions and regulations. They started selling Dosa-Idli batter & packets at low cost while making a good margin. Later it became their main business. Soon Ramalingam Foods started selling food items in Pan India market and expanded their portfolio of food items to ready to eat instant mix. The management came to know that some people are buying this food items domestically and selling it internationally through their shops. Mr. Vijay wants to expand his business in international market hence they have hired SyncIt consultancy services. Currently Ramalingam food doesn’t have any necessary food licenses and permission also they have low capital to invest.BCS Solution Summary
After analyzing all these factors, It is clear that Singapore is a remarkable country. It houses talented and motivated people. It also provides great business opportunities. I can conclude that its business success in both domestic and international platforms is highly benefited by government policies. Its enterprise friendly approach boosts business as well. Singapore’s continuing development has made it a major competitor in the international market. The compulsory primary education and hardworking citizen are contributing factorsSolution
Solution:
PESTEL Analysis:
Political:
The political risk in the country is very low. The Political And Economic Risk Consultancy (PERC) states that the country enjoys the lowest political risk in the continent. The stability that the country has gained over a period of time has translated to peace and a better standard of living. It has transformed into improved business opportunities for Singapore.
Economical:
The economy of the country is growing at a very-fast pace. The country’s per-capita income is the highest in ASEAN. If we look at the corruption aspect, the country provides a corruption free environment which in turn supports the business in the country.
Some constraints on Singapore’s economic performance are the following:
- Labor shortages
- Rising labor costs
- Declines in productivity
Social:
As an upper-middle-income country, Malaysia is both a contributor to the development of low- and middle-income countries and a beneficiary of global experience in its own journey towards high-income and developed nation status.
The World Bank Group Inclusive Growth and Sustainable Finance Hub in Malaysia (the Hub) serves as a partner to the country and its people in developing and implementing global development solutions.
Technological:
The penetration rate for household broadband internet is over 70%. This creates a very vibrant transfer of information and enhances the communication. The IT infrastructure has developed a lot over a period of time hence encouraged multinational companies to come forward and set up their regional operations in the country.
Environmental:
Singapore lost almost 30% of its mangrove area. Many species are in danger of extinction. As there is a lack of water resources, Singapore is dependent on Malaysian-supplied water. Pollutants created by the transportation is one of the major factor for air pollution in the country.
Legal:
The government believes the growth of the country lies in the growth of technology and protection of the intellectual properties.
Singapore has introduced some e-commerce policy initiatives. Some of them are:
Electronic Transactions Act,
Intellectual Property Rights,
Amendments to the Evidence Act, Content Regulation,
Tax Issues and
Import and Export Procedures.
Conclusion
We should tap the opportunities provided.Attached File Details
Comments
Article Type: Business Case Scenario, Case Study Solution Submission
Business Case Detail
Title: NMO S4 SPRINT ONE | BUSINESS CASE SCENARIO - 03
Type: Case Study
Stream: Management
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