Austria

Executive Summary:
By analyzing the benefits and risks as well as the costs associated with investing into the Austria economy, it is obvious that the company should go ahead and expand its foreign operations in Austria. This recommendation was based on the massive benefits with investing in a developed, industrialized nation such as having an advanced infrastructure in both the transportation and telecommunication industry. Along with a stable, democratic, socialist political system, and as a member of various international originations EU, WTO, IMF etc.… Austria has no corruption, an honest fair trade system and highly regulated safety standards and intellectual property rights. Being the second richest country in the European Union, it is evident many other business have invested in the country’s potential. Austria is also a top tourism destination and lastly Austria has a highly qualified, skilled workforce despite its low unemployment rate.
Country’s Macro Environment:
Country Description:
The republic of Austria is a well-developed country with the thirty sixth largest economy in the world.   It has a GDP of   $ 352 billion; it is also one of the thirteenth richest countries in the world in terms of GDP per capita, which is $41,822. It is bordered by the Czech Republic and Germany to the north, Hungary and Slovakia to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the west. It is a mixed economy with a well-developed skilled labour force and high standard of living.
They have a population of eight point four million people and the territory of Austria covers 83,855 square kilometers. German is Austria's official language and is spoken natively by 88.6% of the population. The capital is Vienna. They are part of the European Union (EU), World Trade Organization (WTO).   The Organization for Security and Cooperation in Europe (OSCE), the International Atomic Energy Agency (IAEA), the Organization of Petroleum Exporting...