DEVRY PROJ 410 Week 5 DQ 2

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DEVRY PROJ 410 Week 5 DQ 2

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• For most industries, globalization is arguably
  one of the more common business trends of the
  last decade. As your text indicates, there are
  several considerations that must be evaluated
  from a contracting standpoint relative to
  multi-nation operations and contracting
  agreements. Let's take the various contracting
  considerations presented in your text (and
  outlined in this week's slides), and discuss how
  they can affect U.S.-based firms seeking a BPO or
  subcontracting agreement with a foreign company
  on a region-by-region basis, including Canada,
  Europe, Asia, South/Central America, Canada, and
  Mexico. Based on your understanding and/or
  experiences in these other regions of the world,
  what do you think are contracting considerations
  that should be considered and addressed in the
  BPO contract?
• Which region do you feel has a culture that is
  most different from the U.S.? Cite an example of
  how it is different.
• Can you expand on some of the differences in
  banking industry that may exist as we expand
  overseas?

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• How often do you think companies fail to
  understand the business culture of the foreign
  countries they work in?
• I believe that at first many firms fail to
  understand the culture of the foreign countries
  that they are contracting with - and vice versa.
  However,  if a firm can weather through the
  initial learning curve - and is OPEN to change -
  then contracting overseas can be a viable option.
   What are some of the specific terms and
  conditions that you might want to include in a
  contract that you are establishing with an
  international firm? How can you work some of the
  cultural issues into your contract?
• Do you feel that most other countries are as
  emphatic about using detailed contracts for
  conducting business?  How do you try to introduce
  a 60 page BPO contract to a foreign firm that
  believes in doing business with a handshake?
• How do you enforce the terms of a contract in a
  country that has an unstable government or where
  the laws contradict or as a minimum, do not
  support all the terms in your contract?
• Is it advantageous for a firm to outsource to
  another firm who is evenly matched (i.e.,
  revenues, profit, organizational structure,
  etc.)? Can you think of a situation where this is
  true? Can you think of a situation where this is
  not true?
• What are some of the ethical differences for
  conducting business in various countries? If you
  feel comfortable doing so, pose a situation that
  would challenge ethical business behavior and how
  you might step up
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