When moving forward in an acquisition, it is important to consider all factors. Some of
these factors include political, economic, legal and challenges in a new market would affect the
company and its acquisition. With Singapore as a potential landing zone for this company, it
would be wise to weigh the pros and cons in obtaining this distributor. Singapore is a prime
country and would greatly benefit this company with a local distribution center.
The political climate in Singapore has been incredibly stable for a number of years. This
stability has led to augmented business solutions and growth in key areas. With the stability the
government has, it offers few if any real risks associated with doing business in the nation. A
minor risk that I have found is the system of regional Mayors and implementation of town
councils. These two entities can cause headaches and "hoops" that would have to be jumped
through in order to appease local governments. This could turn out to be more of a worry than
actual problems but the risk is still present.
Economically, Singapore has been rapidly growing over the past decades. This growth
has allowed Singapore to invest heavily in infrastructure and manufacturing along with other
areas as well. This diverse economy is perfect for any business or corporation as it provides
stability and continues to draw in new companies to fuel its growth. With COVID-19, the
economic growth has halted and continues to be impacted by the lack of tourist and trade on the
global scale. In order to combat the spread of the pandemic, the government placed a travel
restriction. These two factors, although temporary, are risks that need to be looked at and
addressed before we commit to any purchase.
With Singapore's current governing body, the nation has taken a harsh stance on
organized crime, terrorism and bribery. This stance has halted the majority of organized crime
and made it safer for individuals, families, and businesses alike. Singapore does have strict