"Information Technology outsourcing has become a global trend, but presents a range ofrisks 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 aninternational business faces when outsourcing, and the distinctive risks and challenges whenundertaking offshore outsourcina

International Business is done on a global basis where an organization trades its products or…

Answered: "Information Technology outsourcing has…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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What could have been the unique challenges of enforcing international contracts when the pandemic hit and companies had to resort to many emergency measures to support their businesses? Would these international contracts have been enforceable when a global crisis arises? Find examples where contracts may be an issue in international business and management of business operations, and post your answers accordingly
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The key factors and forces that that drive the expanding scale and scope of globalization include: 1. Rise in and application of technology2. Liberalization of cross-border trade and resource movements3. Development of services that support IB4. Growth of consumer pressures5. Increase in global competition6. Changes in political situations and government policies7. Expansion of cross-national cooperation Philip Newman runs a seafood restaurant in Philadelphia. Nowadays, it is possible for him to buy fresh grouper in Indonesia and have the product flown immediately To Philadelphia. Mr. Newman is able to do this because _________________. A) he has established contacts in Indonesia B) the cost of grouper is about the same in Indonesia than in other countries C)Indonesia is the largest exporter of grouper D) there have been dramatic advances in transportation
The utmost concern of exporters is getting paid on time and in full. Thus, risk is a huge consideration in international trade. As exporter, how to do in order to reduce the risks? What are the methods to reduce such risks? Explain your answers? maximum 12 lines please minimum 10 lines course: export of services

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