Critical thinking R Coursework Example | Topics and Well Written Essays - 500 words

Critical thinking R - Coursework Example In the light of discussion by the CEO of Standard Chartered the discussion raises that if the strategies of the bank have been successful in the markets of Asia and Middle East then why the same strategies have not been applied to the Western and more developed markets at the time of crisis. The prevailing market condition develops a perception that developed and under developing markets have a considerable difference in the driving forces of market. The driving forces that derive the dynamics of banking industry are political, economical, socio-cultural, technological, legal and environmental forces. One more important thought that has been identified is regarding the main factors that differentiate the markets of developed and under developing countries in the era of Globalization. The prevailing circumstances highlight that the banks need to focus on the local markets as well along with the focus on highly framed global markets. The high competitive environment and dynamic consume r behavior have made all the banks accountable for all of its local and global strategies to enhance or modify the strategies with the passage of time to successfully compete in all the markets. In the light of the discussion by the Chairman of EMAAR properties, the real estate market of UAE is not changing it self with the recognized needs of the market. Youth of Asia is shifting to UAE with the purpose of employment and therefore with increasing number of immigrants, the real estate industry has become an important for the economy. Immigrants coming to UAE are mainly focusing on saving and are not spending too much. These immigrants are increasing in UAE with a fast rate and are searching for low cost accommodation to save their money. But unfortunately, the focus of most of the real estate developers in UAE is on a niche segment of luxury housing buyers. UAE has become a strong financial hub and the investment by multinationals in UAE is increasing as well so it is also driving