Business Analysis

[Writer's Name]

[Institute's Name]Business Analysis

Introduction

The modern era has brought along with it numerous pivotal requisites for the sound working and operations of the corporate sector and its viability. The most apparent and efficacious facet of the modern era is globalization. It is not an enigma or mystery for anyone to judge and perceive that over time globalization has been or critical significance in rendering a new face and dynamics to our world, diminishing the curtains of barriers and opening the pathways of prosperity and welfare for the regions of the world. The core arena, which has benefitted significantly from globalization, is that of business/ corporate sector. Therefore, this paper seeks to comprehend and assimilate the effect, which the changes brought by globalization and the domestic aspects have had over the respective companies in the corporate sector.

Part 1

Bank of America

The Company's Domestic Environment And Affect Of Government Regulations

A naive mind always stays of the view that the prime facets of the banking environment all around the world is more or less the same, as the basic operations pertain to funds transfers, transactions and other aspects. The previously stated connotation is far from being true. Although the principles of the banking are more or less same in close by regions; however, each country has its own set of banking environment, which is not only deeply affected by government regulations, but even governed to a significant level. The basic characteristics of the domestic environment of the US banking (domestic environment of bank of America), extensive quantities of depository financial institutions, the central bank gets itself equally involved in the processing of the payments, insubstantial branching on national level, excessive usage and employment of mail based payments and checks, prevalence of credible and substantial arm's length relationship between the customers and the bank, clustered or compacted pricing of services of the banks, and relevant confinements on the corporate checking accounts.

These are the basic facets of the domestic working environment of the banking sector of America, in which the bank of America needs to manage its operations in the most successful and lucrative manner. Numerous regulations, such as the denial of the bank (bank of America) regarding the payment of interest on the corporate checking account. Moreover, the bank is also forbidden to agree for the execution of the accounts in any other currency than the dollar. Therefore, the bank of America has to streamline its processes, procedures and policies, bearing in mind the domestic environment, and the manner in which the previously stated regulations shape the environment and the operations of the bank (Fields, 2010).

Global Environment For Bank Of America And Affect Of Regulations On The Global Operations Of The Bank

The global environment for the banking system is undoubtedly excessively welcoming, specially the regions of developing countries. With the operations expanding over to different countries, bank of America seeks to propel it operations beyond the conventional national boundaries. However, at this point a pertinent and relevant questions arises in ...