Perform research (minimum of 2 sources cited in any format). 2-Identify a Global Environment for the company (an international country for the company). 3-What are the characteristics of the new Global Country/Environment that will best suit the company for success? 4-What barriers exist in the new Global Country/Environment?
In early 2015, Malaysia was thrown into the spotlight and attention of the world for a very wrong reason as the world’s biggest financial scandal broke out after being exposed by a British journalist, Clare Rewcastle Brown (McKirdy, 2015). This news surrounding Malaysia’s state development fund 1MDB has gripped the nation for years. Malaysia’s Prime Minister, Datuk Seri Najib Razak set up 1Malaysia Development Bhd in 2009 to boost the economy and further develop the country through strategic investments in property, infrastructure and energy projects. According to BBC (2016), 1MDB started to attract negative attention in 2015 after it missed payments for some of the $11bn it owed to banks and bondholders. The U.S. Department of Justice filed lawsuits to seize properties amounting to over $3.5 billion misappropriated from 1MDB and it involved multiple individuals, including Malaysian officials and their associates (CNBC, 2016). Further investigations also lead to finding RM2.6 billion channeled into Prime Minister, Datuk Seri Najib Razak’s private bank accounts. He denied any wrongdoings and said the money was a personal donation from Saudi Arabia’s royal family, he was later cleared of any criminal wrongdoing by Malaysia’s Attorney General (Popham, 2016). A number of individuals confronted Datuk Seri Najib Razak including former Prime Minister Tun Dr Mahathir and former Deputy Prime Minister Tan Sri Dato’ Muhyiddin Yassin who was sacked because of critical comments on the 1MDB case. In Malaysia, there are a few acts to control the reporting of the mass media. First is The Printing Presses Act of 1948. The Act stipulates that a potential publisher must secure a licence to use a printing press, as well as a permit (called a KDN number) authorising him to print or publish a newspaper. Both the licence and the permit expire each 31 December, and must be renewed through the Ministry of Home Affairs, which can withdraw either without explanation at any time. When a licence or Permit is withdrawn, the publisher has the right of appeal to the King. The Minister, when issuing a permit, may make conditions upon the publisher, such as requiring him to print in the languages specified in the permit or to post bond against penalties imposed because of potential violation of this or other Acts. Since 1970, all permit holders must guarantee that their publications will not distort facts relating to public order incidents within Malaysia, will not inflame or stir up communal hostility, or use material likely to prejudice public order or national security. Any change in ownership of the press must be declared to the Registrar within 21 days. The Ministry also has the power to direct publishers to insert in their papers a denial or correction written on the Minister’s terms, if he feels a statement is false. (Nzetc.victoria.ac.nz, 2017>GET ANSWER