Decision Making Steps

Introduction:

I have been recruited by Bank of Michigan (BOM) based out of Auburn Hills, Michigan to find out opportunities for expanding the bank’s line of businesses in Kava. Kava is an island country in the South Pacific. The island has a predominantly young population with over 50% under the age of 15. The population consists of a very diverse with people from South Pacific tribes, Asian, African, French, Spanish and very recently many Americans. The religions are as diverse as the population with Christians, Buddhist and Islamic forming the largest chunk with the people speaking one of English, Spanish or French.

The bank’s mission “To provide a better quality of life for our customers by offering a full spectrum of products and services delivered with a genuine commitment to understanding their specific needs and financial well-being; to create value for our investors and communities; and to employ exceptional talent that confirms this commitment.” The bank is looking to expand to other countries and eyes Kava for the immense opportunities of growth that the bank can finance. There are a lot of exports that give a lot of opportunities for a financial institution along with the other growth opportunities in the island.

Opportunities for Growth:

There are a lot of opportunities for other organization to establish some form of base at Kava. It is being rumored that many organizations are planning to enter Kava after the Government at Kava pushed for as many for-profit organizations to enter Kava. The range of organizations planning to make an entry into Kava includes construction companies to disaster recovery management companies. All of them would require financing and a full spectrum of services for their employees. Local talent being available at a cheap cost the bank should be able to hire head count easily. In the long term as the population in Kava is empowered, the loyalty they share with the first bank they banked with will help our bank to grow further.

Issues in the Business Scenario:

The biggest issue in Kava for the bank will be mitigating the environmental risks of natural disasters. Natural disasters like tidal waves, tsunamis are known to be common in the Kava Island. Hence it is important for the bank to look out to establish its base in the Island country at a safe place where minimal damage is expected from such natural disasters. There would be a lot of information collection involved in identifying the correct place for putting up an establishment. There will be a lot of competition as it is expected all the organizations will be looking to get a space in the environmentally safe area.

If the rumors heard about other organizations looking to establish themselves in Kava are true, the bank need not worry about the economy until all the organizations have established themselves. Once