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Global Business: Merrill Lynch in Japan

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Describe the legal, cultural, and ethical challenges that confront the global business presented in your selected case study.

Determine the various roles that host governments played in this particular global business operation.

Summarize the strategic and operational challenges facing global managers illustrated in your selected case.

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The solution describes the legal, cultural, and ethical challenges that confront the global business presented.

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Merill Lynch in Japan
The U.S.-based financial services institution is the world's largest underwriter of debt and equity and the third largest mergers and acquisitions adviser behind Morgan Stanley and Goldman Sachs. Merrill Lynch's investment banking operations have long had a global reach. Merill Lynch, just like any other organization that wanted to take advantage of globalization, started its operations in Japan in 1980. However, the bank had to face several challenges and due to limited success had to close its operations in Japan. Merill Lynch again entered the Japanese market in 1997 with more favorable regulations and now has a dominant international presence in Tokyo.
Legal, culture, and ethical challenges confronted by Merill Lynch in Japan
When Merill Lynch first launched its operations in 1980 there were several legal forces which challenged successful functioning of the organization. Strict foreign exchange regulations prohibited Merill Lynch to offer its Japanese customers range of non-Japanese stocks, bonds, and mutual funds which it was able to offer to customers in the US. It was in 1990s when Japan marked deregulation of financial services in which restrictions were removed which made it ...

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