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Team 6
Billy Hooper | Erin Hillis | Jacinta Mastin | Janie Dowdy | James
Daniel | Kristin Wilson
Greece’s Flag and
Map
Presentation Outline
Economic Scenario
Political and Business Landscape
Business Etiquette
Entering Greece
Greece’s Current
Economy
GDP
Balance of Trade
Currency
GDP and Inflation
Elements of a Country’s
Economy
GREECE
GDP GROWTH RATE 0.2%
UNEMPLOYMENT 26.8%
INFLATION 0.2%
TRADE DEFICIT/SURPLUS Deficit
850.9 EUR million
DEBT 347.6 billion EUR
OECD.ORG
Trade
Currency
• Euro
• 1 Euro equals 1.34 Dollars
Euro Value Chart
Greece’s Political
SystemType of Political System
Risk
Corruption
Legal System
Political and Business Landscape
Type of Political
System
• Three Branches of Power
• Two Socialist Parties
• Elections
• Separate Local Governments
Political Risk
• High Unemployment
• Bankruptcy
• Tax Increases
• Spending Cuts
• Protests
Legal System and
Corruption
• Legal Tradition of Civil Law
• Transparency International
• Demanding and Accepting Bribes
• Limitations on Criminal Offenses
• Ministers who have committed crimes
Political and
Business Landscape
• Starting a Business
• Cost of Doing Business
• New Democracy
• Mass Layoffs and Budget Cuts
Business Etiquette in
Greece
Basic Etiquette Norms in Greece
Adjustments to do business in Greece
Business Etiquette Norms
• Doing business with people they know.
• Using the Greek Language
• Seniority
• No set agenda
Needed Adjustments
• Language
• Currency
• Customs
• Stereotypes
• Rules and Regulations
• Religion
Entering Greece
• Why Greece is good for our service
• Dealing with the challenges
• Entry Mode
• Competitive Dynamics
• Strategies
• Market
• Supply Chain
• Human Resources
• Financing and Governing the Corporation
• Corporate Social Responisbility
Why Greece is Good for Our
Service
• Financial Cuts and the National Healthcare System
• Economic Crisis and Healthcare Cuts
• DME Genotype Panel Testing
• How it works
• Less Trial and Error
• Less Medical Service
• Saving Money Without Cutting Benefits
Dealing With the
Challenges• Economic
• Pressure on the Government
• They will save money!
• Political
• Professional Strikes, tax increase, and
unemployment
• Having capital
• Cultural
• Family and Time
• Group Oriented
• Learning the Language
Mode of Entry
• Large Scale in Equity Mode
• Advantages
• Ownership
• Location
• Internalization
• Joint Venture
Managing Competitive
Dynamics
• Healthcare
• Workers getting sick
• Education
• Lack of skill
• Strategic Actions
Strategies
• Marketing
• Product, service, price, promotion, and place.
• Enhancing the outlook of healthcare
• Costs and benefits
• Supply Chain
• Adjusting to agility, adaptability, and alignment
• Being open to change
• Human Resources
• Getting them employed
• Using the four C’s
• Four key dimensions
Financing and
Governing
• Business Model
• Being involved with bank loans and stockholders
• High risk
• European Aid Grants
• Tax incentives
Corporate Social
Responsibility
• Getting to know the area
• Making the country better
• Providing more jobs
• Taking a stand for the people
• Organizational Culture
Questions and
Comments…
References
• Economics, T. (n.d.). Retrieved 2013, from www.tradingeconomics.com
• Forbes. (n.d.). Retrieved 2013, from
http://www.forbes.com/sites/deanpopplewell/2012/12/21/the-currency-outlook-for-2013-
mixed-year-for-the-mighty-dollar/
• Google. (n.d.). Retrieved 2013, from www.google.com(pops up with search)
• oecd.org. (n.d.). Retrieved 2013, from
http://www.oecd.org/eco/outlook/greeceeconomicforecastsummary.htm
• oecd.org. (n.d.). Retrieved 2013, from
http://www.oecd.org/daf/internationalinvestment/FDI in figures.pdf
• (n.d.). Retrieved from www.doingbusiness.org.
• Greece Economy-Overview. (2012, January 9). Retrieved from
http://www.indexmundi.com/greece/economy_overview.html
• Peng, M. (2011). Global Business 2nd ed. . Mason, OH: South-Western.
• pslweb.org. (n.d.).
• Reuters. (2011, December 2011). Take a Look: Greece's Main Political Risks. Retrieved
February 27, 2013, from Foxbusiness.com:
http://www.foxbusiness.com/markets/2011/12/12/take-look-greeces-main-political-risks/
• The Greek Political System Divided in Powers. (n.d.). Retrieved February 27, 2013,
from http://www.greeceindex.com/political-
system/greek_political_system_powers.html#greek_president
• Transparency International-the Global Coalition Against Corruption. (n.d.). Retrieved
February 25, 2013, from http://www.transparency.org
References
• (n.d.). Retrieved from www.doingbusiness.org.
• Greece Economy-Overview. (2012, January 9). Retrieved from
http://www.indexmundi.com/greece/economy_overview.html
• Peng, M. (2011). Global Business 2nd ed. . Mason, OH: South-Western.
• pslweb.org. (n.d.).
• Reuters. (2011, December 2011). Take a Look: Greece's Main Political Risks.
Retrieved February 27, 2013, from Foxbusiness.com:
http://www.foxbusiness.com/markets/2011/12/12/take-look-greeces-main-
political-risks/
• The Greek Political System Divided in Powers. (n.d.). Retrieved February 27,
2013, from http://www.greeceindex.com/political-
system/greek_political_system_powers.html#greek_president
• Transparency International-the Global Coalition Against Corruption. (n.d.).
Retrieved February 25, 2013, from http://www.transparency.org
• What does Capitalist Economy Mean. (n.d.). Retrieved February 28, 2013,
from http://www.audioenglish.net/dictionary/capitalist
• www.athensnews.gr. (n.d.).
• www.gsdrc.org. (n.d.). Retrieved February 2013
• www.isite.lps.org. (n.d.). Retrieved February 2013
• www.unconstitution.net. (n.d.). Retrieved February 2013
References
• Etiquette, G. B. (2013). foreigntranslations.com. Retrieved from Greek Business Etiquette Tips:
http://www.foreigntranslations.com/languages/greek-translation/greek-business-etiquette/
• kwintessential.com. (n.d.). Retrieved from kwintessential.com
• Peng, M. (2011). Global Business 2nd ed. Mason, OH: South-Western.
• Scevola, C. (2009, 09 12). Retrieved from hg.org: http://www.hg.org/article.asp?id=7796
• Alderman, L. (2012, October 24). Amid Cutbacks, Greek Doctors Offer Message to Poor: You Are
Not Alone. Retrieved April 2013, from The New York Times:
http://www.nytimes.com/2012/10/25/world/europe/greek-unemployed-cut-off-from-medical-
treatment.html?pagewanted=all&_r=0
• Crookes, Del. (2012, September 26). Greece in Crisis: How European Debt Problems Affect You.
• Retrieved April 2013, from http://www.bbc.co.uk/newsbeat/19727017
• Drum, Kevin. (2011, May 13). The Political Problem That is Greece. Retrieved April 2013, from
• http://www.motherjones.com/kevin-drum/2011/05/political-problem-greece
• Langhans, C. (2009). Doing Business in Greece. Retrieved April 2013, from Communicaid.com.
• News, B. (2012, November 27). Eurozone Crisis Explained. Retrieved April 2013, from
http://www.bbc.co.uk/news/business-13798000
• Peng, M. (2011). Global Business (2nd ed.). Mason, OH: South-Eastern.
• Peng, M. (2011). Global Business (2nd ed.). Mason, OH: South-Western.
• Schwab, K. (2012). Global Competitiveness Report.
• Startup Overseas. (2013). Financing a Business. Retrieved from
• http://www.startupoverseas.co.uk/starting-a-business-in-greece/financing-a-business.html
• Tsakarestou, B. (2000). Issues and Prospects. Corporate Social Responsibility in Greec, 1-12.
• Whitney, W. (2011, October 25). Austerity cuts in Greece cause suffering. Retrieved April 2013, from
Peoples World: http://www.peoplesworld.org/austerity-cuts-in-greece-cause-suffering/

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Greece presentation

  • 1. Team 6 Billy Hooper | Erin Hillis | Jacinta Mastin | Janie Dowdy | James Daniel | Kristin Wilson
  • 3. Presentation Outline Economic Scenario Political and Business Landscape Business Etiquette Entering Greece
  • 5. GDP and Inflation Elements of a Country’s Economy GREECE GDP GROWTH RATE 0.2% UNEMPLOYMENT 26.8% INFLATION 0.2% TRADE DEFICIT/SURPLUS Deficit 850.9 EUR million DEBT 347.6 billion EUR OECD.ORG
  • 7. Currency • Euro • 1 Euro equals 1.34 Dollars Euro Value Chart
  • 8. Greece’s Political SystemType of Political System Risk Corruption Legal System Political and Business Landscape
  • 9. Type of Political System • Three Branches of Power • Two Socialist Parties • Elections • Separate Local Governments
  • 10. Political Risk • High Unemployment • Bankruptcy • Tax Increases • Spending Cuts • Protests
  • 11. Legal System and Corruption • Legal Tradition of Civil Law • Transparency International • Demanding and Accepting Bribes • Limitations on Criminal Offenses • Ministers who have committed crimes
  • 12. Political and Business Landscape • Starting a Business • Cost of Doing Business • New Democracy • Mass Layoffs and Budget Cuts
  • 13. Business Etiquette in Greece Basic Etiquette Norms in Greece Adjustments to do business in Greece
  • 14. Business Etiquette Norms • Doing business with people they know. • Using the Greek Language • Seniority • No set agenda
  • 15. Needed Adjustments • Language • Currency • Customs • Stereotypes • Rules and Regulations • Religion
  • 16. Entering Greece • Why Greece is good for our service • Dealing with the challenges • Entry Mode • Competitive Dynamics • Strategies • Market • Supply Chain • Human Resources • Financing and Governing the Corporation • Corporate Social Responisbility
  • 17. Why Greece is Good for Our Service • Financial Cuts and the National Healthcare System • Economic Crisis and Healthcare Cuts • DME Genotype Panel Testing • How it works • Less Trial and Error • Less Medical Service • Saving Money Without Cutting Benefits
  • 18. Dealing With the Challenges• Economic • Pressure on the Government • They will save money! • Political • Professional Strikes, tax increase, and unemployment • Having capital • Cultural • Family and Time • Group Oriented • Learning the Language
  • 19. Mode of Entry • Large Scale in Equity Mode • Advantages • Ownership • Location • Internalization • Joint Venture
  • 20. Managing Competitive Dynamics • Healthcare • Workers getting sick • Education • Lack of skill • Strategic Actions
  • 21. Strategies • Marketing • Product, service, price, promotion, and place. • Enhancing the outlook of healthcare • Costs and benefits • Supply Chain • Adjusting to agility, adaptability, and alignment • Being open to change • Human Resources • Getting them employed • Using the four C’s • Four key dimensions
  • 22. Financing and Governing • Business Model • Being involved with bank loans and stockholders • High risk • European Aid Grants • Tax incentives
  • 23. Corporate Social Responsibility • Getting to know the area • Making the country better • Providing more jobs • Taking a stand for the people • Organizational Culture
  • 25. References • Economics, T. (n.d.). Retrieved 2013, from www.tradingeconomics.com • Forbes. (n.d.). Retrieved 2013, from http://www.forbes.com/sites/deanpopplewell/2012/12/21/the-currency-outlook-for-2013- mixed-year-for-the-mighty-dollar/ • Google. (n.d.). Retrieved 2013, from www.google.com(pops up with search) • oecd.org. (n.d.). Retrieved 2013, from http://www.oecd.org/eco/outlook/greeceeconomicforecastsummary.htm • oecd.org. (n.d.). Retrieved 2013, from http://www.oecd.org/daf/internationalinvestment/FDI in figures.pdf • (n.d.). Retrieved from www.doingbusiness.org. • Greece Economy-Overview. (2012, January 9). Retrieved from http://www.indexmundi.com/greece/economy_overview.html • Peng, M. (2011). Global Business 2nd ed. . Mason, OH: South-Western. • pslweb.org. (n.d.). • Reuters. (2011, December 2011). Take a Look: Greece's Main Political Risks. Retrieved February 27, 2013, from Foxbusiness.com: http://www.foxbusiness.com/markets/2011/12/12/take-look-greeces-main-political-risks/ • The Greek Political System Divided in Powers. (n.d.). Retrieved February 27, 2013, from http://www.greeceindex.com/political- system/greek_political_system_powers.html#greek_president • Transparency International-the Global Coalition Against Corruption. (n.d.). Retrieved February 25, 2013, from http://www.transparency.org
  • 26. References • (n.d.). Retrieved from www.doingbusiness.org. • Greece Economy-Overview. (2012, January 9). Retrieved from http://www.indexmundi.com/greece/economy_overview.html • Peng, M. (2011). Global Business 2nd ed. . Mason, OH: South-Western. • pslweb.org. (n.d.). • Reuters. (2011, December 2011). Take a Look: Greece's Main Political Risks. Retrieved February 27, 2013, from Foxbusiness.com: http://www.foxbusiness.com/markets/2011/12/12/take-look-greeces-main- political-risks/ • The Greek Political System Divided in Powers. (n.d.). Retrieved February 27, 2013, from http://www.greeceindex.com/political- system/greek_political_system_powers.html#greek_president • Transparency International-the Global Coalition Against Corruption. (n.d.). Retrieved February 25, 2013, from http://www.transparency.org • What does Capitalist Economy Mean. (n.d.). Retrieved February 28, 2013, from http://www.audioenglish.net/dictionary/capitalist • www.athensnews.gr. (n.d.). • www.gsdrc.org. (n.d.). Retrieved February 2013 • www.isite.lps.org. (n.d.). Retrieved February 2013 • www.unconstitution.net. (n.d.). Retrieved February 2013
  • 27. References • Etiquette, G. B. (2013). foreigntranslations.com. Retrieved from Greek Business Etiquette Tips: http://www.foreigntranslations.com/languages/greek-translation/greek-business-etiquette/ • kwintessential.com. (n.d.). Retrieved from kwintessential.com • Peng, M. (2011). Global Business 2nd ed. Mason, OH: South-Western. • Scevola, C. (2009, 09 12). Retrieved from hg.org: http://www.hg.org/article.asp?id=7796 • Alderman, L. (2012, October 24). Amid Cutbacks, Greek Doctors Offer Message to Poor: You Are Not Alone. Retrieved April 2013, from The New York Times: http://www.nytimes.com/2012/10/25/world/europe/greek-unemployed-cut-off-from-medical- treatment.html?pagewanted=all&_r=0 • Crookes, Del. (2012, September 26). Greece in Crisis: How European Debt Problems Affect You. • Retrieved April 2013, from http://www.bbc.co.uk/newsbeat/19727017 • Drum, Kevin. (2011, May 13). The Political Problem That is Greece. Retrieved April 2013, from • http://www.motherjones.com/kevin-drum/2011/05/political-problem-greece • Langhans, C. (2009). Doing Business in Greece. Retrieved April 2013, from Communicaid.com. • News, B. (2012, November 27). Eurozone Crisis Explained. Retrieved April 2013, from http://www.bbc.co.uk/news/business-13798000 • Peng, M. (2011). Global Business (2nd ed.). Mason, OH: South-Eastern. • Peng, M. (2011). Global Business (2nd ed.). Mason, OH: South-Western. • Schwab, K. (2012). Global Competitiveness Report. • Startup Overseas. (2013). Financing a Business. Retrieved from • http://www.startupoverseas.co.uk/starting-a-business-in-greece/financing-a-business.html • Tsakarestou, B. (2000). Issues and Prospects. Corporate Social Responsibility in Greec, 1-12. • Whitney, W. (2011, October 25). Austerity cuts in Greece cause suffering. Retrieved April 2013, from Peoples World: http://www.peoplesworld.org/austerity-cuts-in-greece-cause-suffering/