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Integrative Discussion of Business Seminar

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Submitted By cszanto
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Reflective Journal 1 Caitlin Szanto
SB/IBUS 4200 3.00 A
Integrative International Business Seminar

Contents:

SCOTIA BANK in Latin America: International Banking – Glen Tugman, Vice President

FRITO LAY in China: Capturing the China Opportunity – Ron McEachern

IMNET: Canadian Mining Experience: Richard A. Ross

Integrative Discussion of Journal

SCOTIA BANK in Latin America: International Banking – Glen Tugman, Vice President
Key Takeaways: * The importance of considering information in the scheme of things * 21+ million customers – 20years ago that was huge, now not so significant * Their financial success was largely a result of diversification - a series of acquisitions. Never betting the bank on one of them – risk mitigation * Mismatch: money spent internationally has higher returns than domestically * Investment community thinks of Scotia bank as an international bank, Canadians think of it as local bank – market perception works in their favor * Criteria Scotia uses to invest money: * Find low price -> Buy cheap -> Be patient -> Form alliances with locals -> Protect risk of privacy > Buy something good -> learn from setbacks -> long term perspective * Be a credible buyer – government resistance to international companies buying local businesses * Growing middle class * Important economically: middle class has stability because people have something to loose * E.g. Pacific Group (Mexico, Peru, Chile, Colombia) offers more growth potential to the bank * Business solution: Honesty & Competence * Concept of regulatory environment: strong banking regulations, well-capitalized banking systems, effective prudential oversight * If you don’t know what your doing every choice seems equal * Perspective of a market needs to change and be flexible e.g.

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