Organizations have to make significant investments and gather knowledge about the foreign markets that they plan to enter. They have to go through the painful process of understanding the new import/export laws, labor relations, government and regulatory requirements and resolve many more start--up issues. To overcome all these problems, organizations are increasingly embracing BPO. The BPO vendor provides tailored infrastructure and support to the organizations' foreign operations at low costs, building shareholder value.
As the board pressurizes the management to ensure the success of foreign ventures, more companies rely on Business Process Outsourcers' expertise to pave the wayand translate foreign business into shareholder value.
Most companies learn the true meaning of `growing pains' only when they expand into foreign markets. And in the age of global expansion, record numbers are learning how hard it can be to seize foreign and emerging markets and meld efficient global operations. Still, aggressive foreign investment continues, as companies try to build revenue and profit growth in foreign markets including Eastern Europe, Latin America and Asia Pacific. By 1996, US companies had invested over $800 bn in Foreign Direct Investmentup from $270 bn a decade before. Similarly, UK's direct investment in all countries around the world rose to $334 bn in 1996.
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