"Information Technology outsourcing has become a global trend, but presents a range of risks as well as opportunities for an international business." In the light of this statement, and using illustrative examples throughout, discuss the major risks and challenges an international business faces when outsourcing, and the distinctive risks and challenges when undertaking offshore outsourcing
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- China and India have been the world's fastest-growing economies in recent years, and Brazil is becoming a major force in international commerce. Write a short essay that summarizes how these three countries are changing the landscape of international business, and describe the arena in which each excels. Then choose some type of business that you would like to be involved in, and describe how and why you, as a manager in that business, would choose to work with other organizations in one of these three countries.Risk Management has become an integral part of International Business Management and receives greater premium in business management, the world over. You have been engaged as a consultant by a Focal Firm intending to go international to advice on the Attractions, the Inherent Risks, Risk Mitigation Strategies, and the criteria for success in international business.Your Terms of Reference include, among others:1. to explain the attractions of international business2. to explain the risks inherent in international business3. to propose mitigation strategies for each of the risks identified4. advice the focal firm on three key success factors in international business You are to properly structure your report and indicate any limitations in your advice."All commercial transactions between two or more countries, including sales, investments, and transportation, that need be managed carefully, are classified as international business." Explain the job of a manager in the management of an international firm in order to help the company succeed
- Travelling and working internationally can lead to a life of adventure and unique career experiences. For businesses, selecting the right candidates to take on foreign assignments can propel, delay, or deny the success of the international ventures. As an international manager, identify key competencies you would look for in choosing expatriates. What might be some of their concerns in taking on overseas assignments? What are some best practices in supporting expats during and after their assignments?Traveling and working internationally can lead to a life of adventure and unique career experiences. For businesses, selecting the right candidates to take on foreign assignments can propel, delay, or deny the success of international ventures. As an international manager, identify key competencies you would look for in choosing expatriates. What might be some of their concerns in taking on overseas assignments? What are some best practices in supporting experts during and after their assignments?What are the different structures of international business, such as joint ventures, subsidiaries, and strategic alliances, and what are the advantages and disadvantages of each structure in terms of operational efficiency, risk management, and global market penetration? How can management effectively navigate these structures to achieve long-term success in the international marketplace?
- The growth of the Internet has allowed most companies the option of doing business globally. However, businesses still need to think about the ethical and legal issues at stake when doing so. Global business reflects many of the same legal and ethical issues that have been discussed so far in this class. Think of a popular brand name that you really like. Imagine that you are working with that company to expand and conduct business globally. What potential ethical issues should your company consider in expanding globally? Discuss the potential legal risks of doing business globally.Describe the factors that would influence the design of a transnational executive information system. Include cultural factors that are either unique to a country and/or strongly influence the decision-making process as well as the specifications of design that would be affected. Is this effect more or less than you would expect with a DSS?Globalization is not without risks. When companies undertake international business, they are routinely exposed to four major types of risk. Briefly describe these four categories of risks of international business. A complete answer will include the use of examples for each category of risk.
- Discuss the advantages and disadvantages of globalization for businessRisk Management has become an integral part of International Business Management and receives greater premium in business management, the world over.You have been engaged as a consultant by a Focal Firm intending to go international to advice on the Attractions, the Inherent Risks, Risk Mitigation Strategies, and the criteria for success in international business. Your Terms of Reference include, among others: Discuss the attractions of international business. Discuss the risks inherent in international business. Propose mitigation strategies for each of the risks identified. Advise the focal firm on three key success factors in international business. You are to properly structure your report and indicate any limitations in your advice.Increased global interaction has been promoted by advanced technology in communication, ideas and culture, which largely encourages and facilitates international trading. Businesses go abroad in seeking better financial incentives, stronger networks, and markets of opportunities. But at the same time, the complexities in terms or risks involved in international operation are more than domestic firms -Discuss how to manage cultural risks and other factors related to a foreign operation of a multinational business. Is cultural, business, or political risk more challenging to overcome than one of the others? Why or why not? How should American standards influence multinational businesses?