Phase 4 Assignment: Proposal to the U.S. Commercial Services

Proposal to the U.S. Commercial Services
Improving Colombia’s Export
Khalid Aldabal - Colombia
College of Business
Executive Summary
The Republic of Colombia is considered the fourth largest economy within the Latin American region after Brazil, Argentina, and Mexico. I discovered that Columbia also has the largest population that approximates 48 million inhabitants, thus making this state prevalent to economic growth and sustainability. On the other hand, I discovered several environmental issues that are affecting Columbia and that need address to stabilize this economy. Columbia is considered as the only nation in South America that has two coasts (The Caribbean and Pacific).
My thoughts and opinion clearly recommends the need for a steady growth of the economy and security improvements, an aspect that would enable the economy to become a free market economy with major investments and commercial services that are directly tied with the United States of America, Asia, Europe, and the rest of the nations in Latin America.
My opinion as detailed in this proposal is aimed at establishing significant impacts in my country would be done through the adoption of latest technologies within the banking sector, and including the intensification of e-banking services among the banks to increase service quality and efficiency. This would be beneficial for Colombia in ensuring that efficient approaches harness technology in conducting their services and business functions, hence reaching a global market in addition to the locals.
A significant impact in this country would be in initiating collaborative efforts among various companies with the sole aim of addressing the nation’s environmental issues that includes global warming in Colombia. Finally, an impact in my country would be collaboration among various companies in addressing global warming in Colombia. For example, various companies come together under the umbrella Low Emission Development Strategies (LEDS) to devise and agree on production methods that reduce the emission of greenhouse gasses.
Table of Contents
Executive Summary1
Introduction3
Summary of the Three Phases3
Comprehensive Proposal5
Concluding Recommendations7
References9
Appendices10
A: Phase 1: Laying the Foundations10
B: Phase 2: Acquiring the Tools14
C: Phase 3: Managing Around the World17
Introduction
Ledgerwood (1998) establishes that since the United States implemented the Free Trade Agreement (FTA) with Columbia in May 15, 2012, most of the exports to Columbia from the United States have increased by approximately 15% in as much as the rate of slave slowed in 2015, due to the low prices in oil products that devaluated the Colombian peso.
Bancolombia came up with an inclusive concept that brings together all the aspects that make up human social dimension.
Under this concept, the Bank operates in various contexts and cultures through observing the cultures and behaviours.
Another significant impact in my country would be declining uncertainty avoidance by a significant population in Latin America, which has made people take loans from the banks more frequently. This has increased the customer base of the Bank.