Setting Up Business Globally

Satisfactory Essays
Leon Prikhodovskiy
INBA Task 2

International Business “Task 2” Based off of the previous assignment, “Task 1”, I learned a lot of key things when doing businesses internationally. He explained to me some of the major problems that he encountered when dealing with business in India and Ukraine. Also some key things he learned when doing business abroad, and lastly the importance of hiring consultants. According to all that information, I have decided to investigate on how to identify and recruit talents in Ukraine. To drive optimal levels of success, business leaders need engaged, high-performing employees. The key to inciting a workforce to greatness is to align your talent management with company strategy, define consistent leadership criteria across all functional areas, and identify specific to cultivate for continuing growth. Some keys to success are to create highly skilled internal talent pools, break down information silos, and create a pay for performance culture. A critical element of a successful talent management is the generation of "talent pools" within a company. A reliable and consistent internal source of talent and a valuable piece of the succession planning process. The development of skilled talent pools makes it easier to develop desirable skill sets in a broader group of employees, resulting in higher performance across all levels and functions. By cultivating talent pools internally you are ensuring that you will have experienced and trained employees prepared to assume leadership roles as they become available. To drive success, business leaders must do whatever they can to overcome the organizational silos that prevent the flow of information throughout the organization. For companies to perform faster and with more flexibility, knowledge and experience must be readily available—or, even better, proactively delivered - to the right people at the right time. In many cases, the innovation required to meet a new marketplace

You May Also Find These Documents Helpful

  • Powerful Essays

    Andrew Brown CIS 5620 Dr. Hendricks August 28, 2012 CASE STUDY: UPS COMPETES GLOBALLY WITH INFORMATION TECHNOLOGY QUESTIONS: 1. What are the inputs, processing, and outputs of UPS’s package tracking system? Inputs | Processing | Outputs | Smart Label created and attached to package (customer inputs various types of data) | Information from label about the sender, the destination, and delivery date is transmitted to UPS computer center | Package information is read by computer and sent…

    • 1775 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Consulate General of India Toronto SETTING UP BUSINESS IN INDIA BY FOREIGN COMPANIES A foreign company planning to set up business operations in India has the following TWO options: 1. AS AN INDIAN COMPANY A foreign company can commence operations in India by incorporating a company under the Companies Act, 1956 through: a. Joint Ventures; or b. Wholly Owned Subsidiaries Foreign equity in such Indian companies can be up to 100% depending on the requirements of the investor, subject to…

    • 3084 Words
    • 13 Pages
    Powerful Essays
  • Good Essays

    Setting up Business in Singapore Singapore, the Lion City, is one of the five busiest ports in the world and has the fastest-growing economy in the world as of the year 2010. Ever since the country’s early days as a British trading post, traders all around the world had been setting up businesses and had been successful even since then. Singapore as we know it today is still one of the best places to start and establish companies or businesses. Considering that, many entrepreneurs would love to…

    • 635 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    What is important in setting up a business? Setting up a business is the thing that anyone could do, but it doesn’t mean that anyone should do it. Even if you have an idea and needed resources, you should remember that the key of success isn’t always can be read in books or heard at lectures. You should be or clever enough, or lucky enough, to reach the highest hills. After watching the movie “The Pirates of Silicon Valley” I was a little bit disappointed of developing events from the moral side…

    • 323 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    tracking system UPS uses DIAD, bar code devices and so on. Outputs of UPS's package tracking system is delivered dispatchers which include most efficient delivery route for each driver that considers traffic, weather conditions, and the location of each stop. Customers also get information about track packages, delivery routes, shipping rates, print labels, and schedules. 2. What technologies are used by UPS? How are these technologies related to UPS's business strategy? UPS's business strategy is…

    • 439 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    CHAPTER 3: MARKETING PLAN The success of a business venture depends very much on the ability of that business to offer the product(s) or service (s) that is demanded by the target customer group. 3.1 INTRODUCTION TO MARKETING PLAN 3.1.1 Marketing Objectives The objective of this marketing plan is to outline the strategies, tactics, and programs that will make the sales goals outlined in the Café Bibliotheque business plan a reality in the year 2014. Café Bibliotheque, unlike a typical…

    • 1038 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    “UPS competes globally with information technology” Information systems are the foundation for conducting business today. In many industries, survival and even existence is difficult without extensive use of information technology. No longer can we imagine going to work and conducting business without them. United Parcel Service (UPS), the world's largest company in parcel service has been successful in the competition by using technology. The structure of this discussion is as follows: first…

    • 394 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Djenane Jeanty MCAP303 Professor V. Hadzi-Jordanov Assignment I 10.21.12 UPS COMPETES GLOBALLY WITH INFORMATION TECHNOLOGY What are the inputs, processing, and outputs of UPS’s package tracking system? Inputs: UPS use a very advanced technology system to track package delivery. The inputs of UPS package tracking start with the scannable bar-coded label attached to the package (Laudon and Laudon, 2012). It contains detailed information about where the package came from (sender), the destination…

    • 1093 Words
    • 4 Pages
    Good Essays
  • Good Essays

    UPS competes globally with information technology Case study questions 1-The inputs of the UPS’s package tracking system are the shipping information on the package label. The processing is done by the bar code devices that will transform these inputs into outputs which are the data about the progress of the packages displayed on computers in the customer service department and on the UPS website 2-UPS uses the following technologies the scannable bar-coded label attached to a package, the…

    • 379 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    I N T E R A C T I V E S E S S I O N : T E C H N O LO GY UPS COMPETES GLOBALLY WITH INFORMATION TECHNOLOGY United Parcel Service (UPS) started out in 1907 in a closet-sized basement office. Jim Casey and Claude Ryan—two teenagers from Seattle with two bicycles and one phone—promised the “best service and lowest rates.” UPS has used this formula successfully for more than 100 years to become the world’s largest ground and air package delivery company. It’s a global enterprise with over 408…

    • 1367 Words
    • 6 Pages
    Powerful Essays