International Business Assignment:

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "International Business Assignment:"

Transcription

1 International Business Assignment: Country: INDIA India now has become synonymous with Information Technology (IT). Its software developers and IT products/services are only the second after the United States. In fact, more and more IT jobs are outsourced from the United States to India that makes IT job markets in the United States are suffered. What are the secrets that make India can emerge as a leading IT country among other countries especially in Asia? Using the Porter s Diamond Model. The Information technology industry in India has gained a brand identity as a knowledge economy due to its IT and ITES (IT-Enabled Services) sector. The IT ITES industry has two major components: IT Services and business process outsourcing (BPO). The growth in the service sector in India has been led by the IT ITES sector, contributing substantially to increase in GDP, employment, and exports. The sector has increased its contribution to India's GDP from 6.1% in to 6.4% in According to NASSCOM, the IT BPO sector in India aggregated revenues of US$88.1 billion in FY2011.The top seven cities that account for about 90% of this sectors exports are Bangalore, Chennai, Hyderabad, Mumbai, Pune, Delhi, Kolkata, Coimbatore and Kochi Export dominate the IT ITES industry, and constitute about 77% of the total industry revenue. Though the IT ITES sector is export driven, the domestic market is also significant with a robust revenue growth. This sector has also led to employment generation. Direct employment in the IT services and BPO/ITES segment was 2.3 million in and is estimated to reach nearly 2.5 million by the end of financial year Indirect employment of over 8.3 million job opportunities is also expected to be generated due to the growth of this sector in Generally dominant player in the global outsourcing sector. However, the sector continues to face challenges of competitiveness in the globalized world, particularly from countries like China and Philippines.

2 India's growing stature in the Information Age enabled it to form close ties with both the United States of America and the European Union. However, the recent global financial crises has deeply impacted the Indian IT companies as well as global companies. As a result hiring has dropped sharply, and employees are looking at different sectors like the financial service, telecommunications, and manufacturing industries, which have been growing phenomenally over the last few years. India's IT Services industry was born in Mumbai in 1967 with the establishment of Tata Group in partnership with Burroughs. The first software export zone SEEPZ was set up here way back in 1973, the old avatar of the modern day IT park. More than 80 percent of the country's software exports happened out of SEEPZ, Mumbai in 80s. Government initiative in India's domestic IT Market The Indian government has established a National Taskforce on IT with an aim of formatting a durable National IT Policy for India. Endorsement of the IT Act, which offers an authorized structure to assist electronic trade and electronic operations. Major investments in India's domestic IT Market According to Andhra Pradesh Government the state's SEZs and Software Technology Parks of India (STPI) will witness an investment of US$ 3.27 billion in the next few years. VMware Inc, San Francisco-based IT firm is looking forward to invest US$ 100 million by 2010 in India. EMC Corporation's total Indian assets is expected to reach US$ 2 billion by 2014 Future of Indian IT Industry The Indian IT sector persists to be one of the flourishing sectors of Indian financial system indicating a speedy expansion in the coming years. As per NASSCOM, the Indian IT exports are anticipated to attain US$ 175 billion by 2020 out of which the domestic sector will account for US$ 50 billion in earnings.

3 In total the export and domestic IT sector are expected to attain profits amounting to US$ 225 billion along with new prospects from BRIC nations and Japan for its outsourcing operations Know we will see whether Porter s Diamond Model can explain the primary causes of India s competitive advantages in the information technology sector. Porter s Diamond Model explains that there are four determinants of national competitive advantage. Those components are: Factor Conditions, Demand Conditions, Related/Supporting Industries, and Firm/Industry Structure/Strategy. Factor Condition: we all know that India is one of the largest pools of the best engineers and highly educated people. India has a long history in producing smart and bright engineers from its education system. India s strong emphasize in math in its basic education has leads Indian to be very competent in engineering field especially in information and computer field. In addition, most universities are highly focused on quantitative skill and engineering is considered the best field, no wonder if India has produced the best engineers among other nations. This intellectual capital is the Factor Condition in the Porter s Diamond Model, specifically, the advance factor. India can provide world class intellectual capital with very low cost. The intellectual capital is the biggest determinant of India s success in IT. Combined with its high population, India can provide lower costonly 40 to 50% of the cost spent by the US companies with the same or even higher quality.

4 o INDIA has created its own important factors such as skilledresources and technological base for expanding BPOs / KPOs o INDIA is upgrading / deploying resources over time to meetthe demand. o -new innovations. new methods has given thelocal industry the comparative advantage. Demand Condition: it began with the demand of some US companies such as American Express and General Electric. It was when some of US companies began its Business Process Outsource (BPO) plan. The global competition made global company looked for other alternative to cut cost and stay competitive in global market. The alternative was found; they had to find other parties that could provide same products/services with lower cost. Then, India came up as the place of alternative for outsource given its intellectual capital. By that explanation, it does not mean that there are no demand of IT related product and services in India. Computer hardware and software must be really needed in India due to combination of high enthusiasm in technology and its high population. But it is clear that the India s success came not from home demand but from US demand. Indian engineers have been for years working for US companies, especially in IT sector. With the growth of IT industry, there has been developed a sort of strong Indian connection in Silicon Valley. According to Anna Lee Saxenian, an associate professor at the University of California at Berkeley whose research is a study about Silicon Valley s immigrant, that of an estimated 2,000 startups in Silicon Valley 40% are Indian-spawned. The Indian connection in Silicon Valley, the intellectual capital in India and the trend of outsourcing in current global competition altogether bring India a great competitive advantage. o A more demanding local/ global market has given INDIA the international / national advantage. o A strong trend setting local market has helped local firms anticipate global trends. Related/Supporting Industries, and Firm/Industry Structure/Strategy:

5 It is not really convincing that those are the determinants of India s success. Electricity, road, and communication in India are not good enough for supporting India in global competition. Rivalry and Indian s firm structure are also not a determinant. Again, just like the Demand Condition it does not want to say that these other two determinants do not exist in India; they exist, but simply do not the primary causes of India s success. If there are a lot of improvements in current infrastructures or Indian companies management, those are just helping India stay competitive not the primary reasons of India s lead in IT. From all those description, it can be concluded that India s success secrets are its Factor Condition (i.e. the intellectual capital and Indian connection in Silicon Valley) and the trend of outsourcing (Chance). It seems it does not fit with Porter s Diamond Model as Porter explains that Competitive advantage based on only one or two determinants is possible in natural resource-dependent industries or industries o local competition has created innovations and cost effectiveness. for the INDIAN BPOs o this has also put the pressure on local suppliers to lift their game. o local conditions have affected various firms strategy. o local rivalry have forced firms to move beyond basic advantages. o examples INFOSYS, WIPRO AND TCS [ TATAS] Sustainability: It is interesting to see from another perspective. We can compare India with another nation that also has a great pool of bright engineers and educated people: China. The advantage that supports India dominance in IT is its familiarity with English language given it occupied by the British Empire for hundred years. This is supported by Landes writing. He discusses some differences in countries development from historical point of view; especially the differences between South America, North America and China. From the reading it can be concluded that there are important influences from the historical and socio-cultural of a particular country to its development. Religion, belief and ancient civilization can be determinants of nation competitive advantage. India has an old history of civilization that creates Hinduism and Buddhism which people always pay high appreciation for Vidya (Sanskrit language for knowledge). This is a strong foundation for the creation of Indian intellectual capital.

6 In conclusion, India s success secrets are its Factor Condition (the intellectual capital and Indian connection in Silicon Valley) and the outsourcing trend in global competition (Chance). The India s success in IT does not entirely fit with Porter s Diamond Model that can be predicted as Indian s success will not be sustainable or it is Porter s Model that need revision. It may necessary since Porter does not put high attention in historical and socio-cultural perspective.as shown in Landes explanation the historical and sociocultural background of a nation can shape and create the basis of a nation competitive advantage.

INFORMATION TECHNOLOGY 1. What is Information Technology

INFORMATION TECHNOLOGY  1. What is Information Technology Bulls Eye www.hitbullseye.com 1 What is Information Technology Definition from http://www.answers.com Information technology (IT), as defined by the Information Technology Association of America (ITAA),

More information

Does BPO / KPO Continue to Interest CAs? Case Study Business Management Services Back Office Outsourcing and Offshoring

Does BPO / KPO Continue to Interest CAs? Case Study Business Management Services Back Office Outsourcing and Offshoring Does BPO / KPO Continue to Interest CAs? Case Study Business Management Services Back Office Outsourcing and Offshoring Presented by: CA (Dr.) Suresh Surana 7 May 2011 Contents 1 Outsourcing 2 Offshoring

More information

INFORMATION TECHNOLOGY INDUSTRY IN INDIA GROWTH STRUCTURE AND PERFORMANCE

INFORMATION TECHNOLOGY INDUSTRY IN INDIA GROWTH STRUCTURE AND PERFORMANCE CHAPTER - V INFORMATION TECHNOLOGY INDUSTRY IN INDIA GROWTH STRUCTURE AND PERFORMANCE Now-a-days, India has come up in the three hot fields of beauty, cricket and information technology. Bill Gates says

More information

Chapter The Importance of ICT in Development The Global IT Sector

Chapter The Importance of ICT in Development The Global IT Sector Chapter 2 IT Sector: Alternate Development Models 2.1. The Importance of ICT in Development The contribution of the Information and Communication Technology (ICT) sector to socioeconomic development is

More information

India in Global ICT Value Chains: Achievements and Limits. K J Joseph, Ministry of Commerce Chair Centre for Development Studies

India in Global ICT Value Chains: Achievements and Limits. K J Joseph, Ministry of Commerce Chair Centre for Development Studies India in Global ICT Value Chains: Achievements and Limits K J Joseph, Ministry of Commerce Chair Centre for Development Studies The Context Innovations in ICT is perhaps the greatest contribution in the

More information

TVS is the third largest Indian motorcycle manufacturer in India, after Hero Honda Motors and Bajas Auto, says Wright.

TVS is the third largest Indian motorcycle manufacturer in India, after Hero Honda Motors and Bajas Auto, says Wright. Research TVS Motor Company The story of TVS Motor Company is the story of India: Fast growth, worldwide exports, ever increasing revenues, and respected brand. It is a company with a long history of manufacturing

More information

The Key to a Competitive International Advantage:

The Key to a Competitive International Advantage: The Key to a Competitive International Advantage: Think Global, Act Local V.Laxmikanth (VLK) Managing Director Broadridge Financial Solutions (India) Pvt. Ltd. Agenda Broadridge Background India Background

More information

Emerging Markets and Countries for Outsourcing Summary Digest

Emerging Markets and Countries for Outsourcing Summary Digest Emerging Markets and Countries for Outsourcing Summary Digest September 2010 Produced by: Elix-IRR Partners LLP Version 2.0 Elix-IRR Partners LLP, 2010 Introduction This analysis takes the form of: An

More information

EMPLOYMENT OUTLOOK REPORT

EMPLOYMENT OUTLOOK REPORT EMPLOYMENT OUTLOOK REPORT Half Yearly Edition H2, 1- Comprehensive overview of the mechanics of hiring, job growth, salaries and their drivers, trends and forecasts across eight cities and sixteen sectors

More information

The Increasing Globalization of Asia Startups Outside China. Think Big. Start Smart. Scale Fast. Chris Burry, Founder and Co-CEO, USMAC April 2017

The Increasing Globalization of Asia Startups Outside China. Think Big. Start Smart. Scale Fast. Chris Burry, Founder and Co-CEO, USMAC April 2017 The Increasing Globalization of Asia Startups Outside China Chris Burry, Founder and Co-CEO, USMAC April 2017 Think Big. Start Smart. Scale Fast. Quick Introductions: Chris Burry ü An entrepreneur and

More information

Executive Summary. Introduction

Executive Summary. Introduction Executive Summary Introduction A new window of opportunity is opening now for India. Even as Indian vendors continue to move from strength to strength as providers of Information Technology Outsourcing

More information

Next Generation Socially Responsible Outsourcing

Next Generation Socially Responsible Outsourcing The 2010 Outsourcing World Summit Disney s Yacht & Beach Club Convention Center Lake Buena Vista, Florida February 15-17, 2010 Next Generation Socially Responsible Outsourcing Dr.Ganesh Natarajan Copyright

More information

Connecting Commerce. Business confidence in China s digital environment. A report from The Economist Intelligence Unit. Written by

Connecting Commerce. Business confidence in China s digital environment. A report from The Economist Intelligence Unit. Written by Connecting Commerce Business confidence in China s digital environment A report from The Economist Intelligence Unit Written by China is probably the number two startup environment in the world, after

More information

María del Coriseo González Izquierdo

María del Coriseo González Izquierdo María del Coriseo González Izquierdo (ICEX) Current ICEX CEO. She holds Bachelor s Degrees in Law, and in Economics and Business Studies from Pontificia Comillas University (Madrid), and a Master s Degree

More information

Offshoring Software Engineering. Rafiq Dossani & Martin Kenney

Offshoring Software Engineering. Rafiq Dossani & Martin Kenney Offshoring Software Engineering Rafiq Dossani dossani@stanford.edu & Martin Kenney mfkenney@ucdavis.edu The offshoring of software production is growing Employment 1995 2005 US 1.5 m 2.6 m India 27,500

More information

Singapore Semiconductor Industry Association

Singapore Semiconductor Industry Association Singapore Semiconductor Industry Association ISA Vision Summit 2013 Ulf Schneider President, SSIA Managing Director, Lantiq Asia Pacific Pte.Ltd. Bangalore, 15th February 2013 Title Semiconductor Growth

More information

A study prepared for Deutsche Gesellschaft für Internationale Zusammenarbeit GIZ

A study prepared for Deutsche Gesellschaft für Internationale Zusammenarbeit GIZ A study prepared for Deutsche Gesellschaft für Internationale Zusammenarbeit GIZ SEPTEMBER 2011 Project Team The report is prepared under overall guidance and supervision of Dr. Bandi Ram Prasad Research

More information

The Offshoring of Commercial Contract Management

The Offshoring of Commercial Contract Management The Offshoring of Commercial Contract Management One of the biggest movements in in the field of commercial contract management, offshoring definitely has its advantages and disadvantages. 68 Contract

More information

EXPORT PROMOTION AND INVESTMENT ATTRACTION IN THE GLOBAL SERVICES OUTSOURCING SECTOR. Fabrizio Opertti Chief Trade and Investment Division

EXPORT PROMOTION AND INVESTMENT ATTRACTION IN THE GLOBAL SERVICES OUTSOURCING SECTOR. Fabrizio Opertti Chief Trade and Investment Division EXPORT PROMOTION AND INVESTMENT ATTRACTION ÁREAS DE INTERVENCIÓN OPERATIVA Y FINANCIERA IN THE GLOBAL SERVICES OUTSOURCING SECTOR Fabrizio Opertti Chief Trade and Investment Division Trends in Global Services

More information

Indian IT-ITeS Industry-A Success Saga

Indian IT-ITeS Industry-A Success Saga Electronics and IT challenges Indian IT-ITeS Industry-A Success Saga Anita Bhatnagar Jain The liberalization of Indian economic policy, de-regulation of key sectors and progressive moves towards further

More information

TitleIT Offshoring and India: Some Impli. Citation IDE Discussion Paper. No

TitleIT Offshoring and India: Some Impli. Citation IDE Discussion Paper. No TitleIT Offshoring and India: Some Impli Author(s) Balatchandirane, G. Citation IDE Discussion Paper. No. 86. 2007. Issue Date 2007-01 URL http://hdl.handle.net/2344/422 Rights < アジア経済研究所学術研究リポジトリ ARRIDE>

More information

Business Globalization

Business Globalization EMC 2 Global Innovation Conference Santa Clara, CA, October 31, 2012 Business Globalization and the Importance of Entrepreneurial Innovation Richard B. Dasher, Ph.D. Director, US-Asia Technology Management

More information

Global IT-BPO Outsourcing Deals Analysis 1Q15 Analysis: January to March

Global IT-BPO Outsourcing Deals Analysis 1Q15 Analysis: January to March Global IT-BPO Outsourcing Deals Analysis 1Q15 Analysis: January to March April 2015 About global IT-BPO outsourcing deals analysis KPMG in India s Shared Services and Outsourcing Advisory (SSOA) practice

More information

Corporate Presentation JULY 2015

Corporate Presentation JULY 2015 Corporate Presentation JULY 2015 Agenda Global Tile Industry Indian Tile Industry Kajaria Ceramics overview Financials Shareholding Pattern 2 The production of top 10 countries (Million Sq Mtr) CY09 CY10

More information

India Salary Benchmark 2018

India Salary Benchmark 2018 India Salary Benchmark 2 Contents Market Insights 4 Sales & Marketing Insights 5 6 Finance & Accounting Insights 11 12 Human Resources Insights 14 15 Legal Insights 17 18 Technology Insights 19 20 Digital

More information

OFFSHORE OUTSOURCING: THE IMPACT ON BUSINESSES

OFFSHORE OUTSOURCING: THE IMPACT ON BUSINESSES OFFSHORE OUTSOURCING: THE IMPACT ON BUSINESSES Gregory W. Ulferts College of Business Administration University of Detroit Mercy P.O. Box 1900 Detroit, Michigan Tel: 313-993-1219 Email: ulfertgw@udmercy.edu

More information

OUTSOURCING IN THE UNITED STATES MARKET

OUTSOURCING IN THE UNITED STATES MARKET Irina M. Azu 21.034 Final Paper OUTSOURCING IN THE UNITED STATES MARKET INTRODUCTION Outsourcing also known as contracting out is a business decision to export some to all of an organization s non-core

More information

Romania s IT Sector Grows Driven by Outsourcing

Romania s IT Sector Grows Driven by Outsourcing Romania s IT Sector Grows Driven by Outsourcing The IT sector in Romania grew much faster than the country s GDP in 1998-2008 (some 25% annually). Despite the slight decrease in 2009, growth resumed in

More information

Chapter 3. Outsourcing

Chapter 3. Outsourcing E4-E5 (Management) - Outsourcing Rev date: 30-03-2011 Chapter 3 Outsourcing For internal use of BSNL only Page 1 Managing Growth through Outsourcing Outsourcing: It is shifting a company s essential operations

More information

Opportunities in Mexico

Opportunities in Mexico Opportunities in Mexico Presented by: Linda Caruso Principal Commercial Officer U.S. Commercial Service Guadalajara 1 How People Frequently View Mexico 2 Mexico Handicrafts in 2015 3 Mexico at a Glance

More information

Driving Innovation in MSME s

Driving Innovation in MSME s Driving Innovation in MSME s Ms. Deepali Shahane Lecturer, I.M.E.D. Bharati Vidyapeeth, Pune email: shahanedeepali@gmail.com Mr. Dhananjay Shahane Principal Designer, Aakruti consultants email: dshahane@aakruticonsultants.com

More information

Helping Karnataka s industries reach new heights

Helping Karnataka s industries reach new heights POLICY ADVISORY July, 2014 Helping Karnataka s industries reach new heights Industrial policy recommendations for 20141 PART 1: POLICY RECOMMENDATIONS 1. Solve land limitation problems by permitting multi-storey

More information

Project Proposal: Outsource-Africa A Zambian case study

Project Proposal: Outsource-Africa A Zambian case study Project Proposal: Outsource-Africa A Zambian case study November 15, 2005 Irina Azu Raja H. R. Bobbili Jiho Lee Tiffany Yang 1 Executive Summary Outsource-Africa is an MIT student-led, faculty-supervised

More information

OVERVIEW- JANUARY HIGHLIGHTS... 4 CITY WISE OVERVIEW... 5 INDUSTRY OVERVIEW... 6&7 FUNCTIONAL AREA OVERVIEW... 8

OVERVIEW- JANUARY HIGHLIGHTS... 4 CITY WISE OVERVIEW... 5 INDUSTRY OVERVIEW... 6&7 FUNCTIONAL AREA OVERVIEW... 8 TABLE OF CONTENTS OVERVIEW- JANUARY 2010... 3 HIGHLIGHTS... 4 CITY WISE OVERVIEW... 5 INDUSTRY OVERVIEW... 6&7 FUNCTIONAL AREA OVERVIEW... 8 WORK EXPERIENCE OVERVIEW... 9 INDEX FOR TOTAL JOBS... 10 ABOUT

More information

2017 SURVEY OF ENTREPRENEURS AND MSMES IN VIETNAM

2017 SURVEY OF ENTREPRENEURS AND MSMES IN VIETNAM 2017 SURVEY OF ENTREPRENEURS AND MSMES IN VIETNAM Building the capacity of MSMEs through technology and innovation 2017 SURVEY OF ENTREPRENEURS AND MSMES IN VIETNAM I 1 2017 SURVEY OF ENTREPRENEURS AND

More information

Global Supply Chains and Outsourcing

Global Supply Chains and Outsourcing Global Supply Chains and Outsourcing AED/IS 4540 International Commerce and the World Economy Professor Sheldon sheldon.1@osu.edu What are Global Supply Chains? 80 percent of trade now occurs within global

More information

Digital Economy.How Are Developing Countries Performing? The Case of Egypt

Digital Economy.How Are Developing Countries Performing? The Case of Egypt Digital Economy.How Are Developing Countries Performing? The Case of Egypt by Nagwa ElShenawi (PhD) MCIT, Egypt Produced for DIODE Network, 217 Introduction According to the OECD some of the most important

More information

Business Incubation. Entrepreneurship and Innovation

Business Incubation. Entrepreneurship and Innovation Business Incubation as a Tool for Promotion of Entrepreneurship and Innovation Advancing Innovation in ECA 2007 Regional Conference of ECAbit Yerevan, Armenia, September 17, 2007 Valerie D Costa, infodev

More information

Global Location Trends: Asia-Pacific Facts & Figures

Global Location Trends: Asia-Pacific Facts & Figures IBM Global Business Services November 2012 Global Location Trends: Asia-Pacific Facts & Figures Table of Contents (1/4) Chapter 1: Leading sectors and activities for foreign investment 1.1 Top investing

More information

E-medicine in India: - Hurdles and future prospects By Gunjan Saxena and Jagannath Prakash Singh

E-medicine in India: - Hurdles and future prospects By Gunjan Saxena and Jagannath Prakash Singh E-medicine in India: - Hurdles and future prospects By Gunjan Saxena and Jagannath Prakash Singh A journey of a thousand miles begins with one step E-Medicine is not an evolutionary concept but a revolutionary

More information

INVEST. TRADE. PROSPER.

INVEST. TRADE. PROSPER. INVEST. TRADE. PROSPER. Financial Incentives that Keep on Giving: The Case for Vancouver Calgary Saskatoon Winnipeg Waterloo Region London Québec City Montréal Ottawa Toronto Halifax Financial Incentives

More information

BOTHELL BIOMEDICAL MANUFACTURING INNOVATION PARTNERSHIP ZONE

BOTHELL BIOMEDICAL MANUFACTURING INNOVATION PARTNERSHIP ZONE BOTHELL BIOMEDICAL MANUFACTURING INNOVATION PARTNERSHIP ZONE Jan Youtie Summary The Bothell Biomedical Manufacturing Innovation Partnership Zone (Bothell IPZ) uses a networked approach to deliver export

More information

The Bangalore Story: April Becoming the Outsourcing Capital of the World

The Bangalore Story: April Becoming the Outsourcing Capital of the World The Bangalore Story: April 2010 Becoming the Outsourcing Capital of the World The Bangalore Story The persistent dynamism of Bangalore as the Outsourcing Capital of the World ever since the wave of globalization

More information

LOREMIPSUM OUTSOURCING & OFFSHORING. - It is a Global Resourcing Phenomena. - Your business can access the World s best talent

LOREMIPSUM OUTSOURCING & OFFSHORING. - It is a Global Resourcing Phenomena. - Your business can access the World s best talent LOREMIPSUM OUTSOURCING & OFFSHORING - It is a Global Resourcing Phenomena - Your business can access the World s best talent MARKET SIZE IN VIETNAM CANDIDATES / PROFESSIONALS Emerging market Vietnam has

More information

Integra. International Corporate Capabilities th Street NW, Suite 555W, Washington, DC, Tel (202)

Integra. International Corporate Capabilities th Street NW, Suite 555W, Washington, DC, Tel (202) Integra International Corporate Capabilities 1030 15th Street NW, Suite 555W, Washington, DC, 20005 Tel (202) 898-4110 www.integrallc.com Integra is an international development firm with a fresh and modern

More information

The Economic Impact of Telecommunications in Senegal

The Economic Impact of Telecommunications in Senegal The Economic Impact of Telecommunications in Senegal Dr. Raúl L. Katz Adjunct Professor, Division of Finance and Economics Director, Business Strategy Research Columbia Institute of Tele-information Paris,

More information

The Art of Global Financing: Outsourcing

The Art of Global Financing: Outsourcing The Art of Global Financing: Outsourcing Wold Zemedkun School of Business Norfolk State University 700 Park Avenue Norfolk VA 23504 wzemekun@nfsu.edu Global Challenges: 1) The complexity of globalization

More information

Nearshoring is a valuable part of a company's logistics strategy

Nearshoring is a valuable part of a company's logistics strategy An Agility White Paper Nearshoring is a valuable part of a company's logistics strategy - 1 - Nearshoring is a valuable part of a company's logistics strategy Many companies have already had experiences

More information

SAINT-PETERSBURG: PERSPECTIVE COOPERATION. GOVERNMENT OF SAINT-PETERSBURG Committee for Industrial policy and innovations

SAINT-PETERSBURG: PERSPECTIVE COOPERATION. GOVERNMENT OF SAINT-PETERSBURG Committee for Industrial policy and innovations SAINT-PETERSBURG: PERSPECTIVE COOPERATION GOVERNMENT OF SAINT-PETERSBURG Committee for Industrial policy and innovations 1 STRUCTURE AND DYNAMICS OF THE INDUSTRIAL COMPLEX OF ST. PETERSBURG IN FIRST HALF

More information

New Insights from the Dept. of Labor PERM Labor Certification Database

New Insights from the Dept. of Labor PERM Labor Certification Database New Insights from the Dept. of Labor PERM Labor Certification Database Norm Matloff Department of Computer Science University of California at Davis January 18, 2008 Norm Matloff Department of Computer

More information

Board of Investment Thailand Policies and Incentives. Ms. Vibulphan Juntarashote Sydney, Australia July 24, 2006

Board of Investment Thailand Policies and Incentives. Ms. Vibulphan Juntarashote Sydney, Australia July 24, 2006 Board of Investment Thailand Policies and Incentives Ms. Vibulphan Juntarashote Sydney, Australia July 24, 2006 Liberal Investment Regime No export requirements No foreign equity restrictions in manufacturing

More information

International Operations

International Operations International Operations H.C. Shin, Executive Vice President December 17, 2013 Agenda International Landscape 3M s Model for Global Expansion Key Growth Strategies Summary of Key Growth Regions 2 2014

More information

WE FUEL INNOVATION BY FORGING CONNECTIONS

WE FUEL INNOVATION BY FORGING CONNECTIONS OPEN INNOVATION WE FUEL INNOVATION BY FORGING CONNECTIONS DESIGN DEVELOP DISCOVER DEPLOY INNOVATION ECOSYSTEM STARTUP/UNIVERSITY/VC GLOBAL 2000 COMPANIES RESEARCH VENTURES LABS STUDIOS INNOVATION CENTERS

More information

New Year brings positive news for the job market reveals the latest ManpowerGroup Employment Outlook Survey

New Year brings positive news for the job market reveals the latest ManpowerGroup Employment Outlook Survey Nidhi Gupta +91 124 679 5533 (Office) +91 989 9165 5464 (Mobile) Nidhi.gupta@manpowergroup.com Cynthia Gokhale +91 22 67868421 (Direct) Cynthia.gokhale@manpowergroup.com New Year brings positive news for

More information

Information Technology Outsourcing (ITO) Infrastructure Outsourcing Roadmap Market Update Preview January 2007

Information Technology Outsourcing (ITO) Infrastructure Outsourcing Roadmap Market Update Preview January 2007 Information Technology Outsourcing (ITO) Infrastructure Outsourcing Roadmap Market Update Preview January 2007 Summary of key messages IO background IO is a mature market that accounts for approximately

More information

ANALYSIS OF PHILIPPINES INFORMATION TECHNOLOGY BUSINESS PROCESS OUTSOURCING (IT-BPO) INDUSTRY

ANALYSIS OF PHILIPPINES INFORMATION TECHNOLOGY BUSINESS PROCESS OUTSOURCING (IT-BPO) INDUSTRY Proceeding 7 th International Seminar on Industrial Engineering and Management ISSN : 1978-774X ANALYSIS OF PHILIPPINES INFORMATION TECHNOLOGY BUSINESS PROCESS OUTSOURCING (IT-BPO) INDUSTRY Jason Baculinao,

More information

MAKE IN INDIA MITTELSTAND! Make In India Business Support Programme for German Mittelstand and Family Owned Enterprises

MAKE IN INDIA MITTELSTAND! Make In India Business Support Programme for German Mittelstand and Family Owned Enterprises MAKE IN INDIA MITTELSTAND! Make In India Business Support Programme for German Mittelstand and Family Owned Enterprises I SEEK GERMAN PARTNERSHIP in my own mission to open up India s seamless economic

More information

Key development issues and rationale for Bank involvement

Key development issues and rationale for Bank involvement PROJECT INFORMATION DOCUMENT (PID) CONCEPT STAGE Report No.: AB424 Project Name E-Lanka Development Region SOUTH ASIA Sector Information technology (70%);General industry and trade sector (30%) Project

More information

The Offshore Services Value Chain

The Offshore Services Value Chain Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Policy Research Working Paper 5262 The Offshore Services Value Chain The World Bank Development

More information

Health care innovations and medical technology: reaching the unreached

Health care innovations and medical technology: reaching the unreached Health care innovations and medical technology: reaching the unreached Context setting India ill equipped to meet the growing needs of the population. Brilliance and talent in medicine, engineering & basic

More information

Outsourcing IT in the Global World: Choosing an Offshore Destination

Outsourcing IT in the Global World: Choosing an Offshore Destination Outsourcing IT in the Global World: Choosing an Offshore Destination Babita Gupta, School of Business, California State University Monterey Bay, 100 Campus Center, Seaside, CA 93955, 831.582.4186, bgupta@csumb.edu

More information

7th International Skills Forum December 2017 Asian Development Bank, Manila, Philippines

7th International Skills Forum December 2017 Asian Development Bank, Manila, Philippines 7th International Skills Forum 12-14 December 2017 Asian Development Bank, Manila, Philippines - '/E:AR.S. - About us Tech Mahindra Foundation (TMF) is the CSR wing of Tech Mahindra Limited, the fifth

More information

India as an Outsourcing Hub-Advantages and Challenges

India as an Outsourcing Hub-Advantages and Challenges India as an Outsourcing Hub-Advantages and Challenges Author: Dony Devanesan Supervisor: Wendy Currie This master thesis is submitted for the degree of MSc in Supply Chain and Purchasing Management 1 Executive

More information

How Technology-Based Start-Ups Support U.S. Economic Growth

How Technology-Based Start-Ups Support U.S. Economic Growth How Technology-Based Start-Ups Support U.S. Economic Growth BY J. JOHN WU AND ROBERT D. ATKINSON NOVEMBER 2017 Policymakers should focus on spurring highgrowth, technologybased start-ups. These firms,

More information

Reshoring Text for IEDC s Economic Development Marketing and Attraction training manual

Reshoring Text for IEDC s Economic Development Marketing and Attraction training manual What is Reshoring? Reshoring can be defined as the act of returning previously offshored jobs to their home soil. This trend developed in response to decades of offshoring in which American firms shifted

More information

SME DEVELOPMENT IN JORDAN

SME DEVELOPMENT IN JORDAN SME DEVELOPMENT IN JORDAN SME s Definition and Features All over the world, there is growing evidence that SME's play an important role in the national economic development of any country. SME's provide

More information

Cluster Best Practices: Lessons from the Field

Cluster Best Practices: Lessons from the Field Cluster Best Practices: Lessons from the Field Prepared by Richard Ramsawak Team Leader Cluster Initiatives Arthur Lok Jack Graduate School of Business, UWI Listing of Acronyms IFC Institutions for Collaboration

More information

Regional Projections to 2040: Methodology and Results. Stephen Levy, CCSCE Presentation to ABAG Regional Planning Committee April 4, 2012

Regional Projections to 2040: Methodology and Results. Stephen Levy, CCSCE Presentation to ABAG Regional Planning Committee April 4, 2012 Regional Projections to 2040: Methodology and Results Stephen Levy, CCSCE Presentation to ABAG Regional Planning Committee April 4, 2012 Overview Best Practice Methodology for Regional Projections Developing

More information

Information and Communications Technologies (ICT) Quarterly Monitor of the Canadian ICT Sector Second Quarter 2011

Information and Communications Technologies (ICT) Quarterly Monitor of the Canadian ICT Sector Second Quarter 2011 Information and Communications Technologies (ICT) Quarterly Monitor of the Canadian ICT Sector Second Quarter 2011 Quarterly Monitor of the Canadian ICT Sector (URL: http://www.ic.gc.ca/eic/site/ict-tic.nsf/eng/h_it06.html)

More information

Outsourcing Legal Services Abroad

Outsourcing Legal Services Abroad Outsourcing Legal Services Abroad By K. William Gibson A Time magazine headline screams Call My Lawyer... In India. Legal Affairs asks Are Your Lawyers in New York or New Delhi? A recent New York conference

More information

U.S. Startup Outlook 2017

U.S. Startup Outlook 2017 U.S. Startup Outlook 2017 A SILICON VALLEY BANK SURVEY OF U.S. ENTREPRENEURS ABOUT BUSINESS CONDITIONS AND POLICY PRIORITIES @SVB_Financial #StartupOutlook Strength in the Innovation Sector Silicon Valley

More information

International Opportunities

International Opportunities International Opportunities David Croxson, Head of International, SMMT John Murton, Head of East Asia and Pacific Department, Foreign and Commonwealth Office Rob Keller, Head UK and Ireland Region, Global

More information

Florida s Financially-Based Economic Development Tools & Return on Investment

Florida s Financially-Based Economic Development Tools & Return on Investment Florida s Financially-Based Economic Development Tools & Return on Investment January 11, 2017 Presented by: The Florida Legislature Office of Economic and Demographic Research 850.487.1402 http://edr.state.fl.us

More information

CONTENT AUGUST About RecruiteX. Executive Summary. Recruitment Highlights August Industry-wise Recruitment Trends

CONTENT AUGUST About RecruiteX. Executive Summary. Recruitment Highlights August Industry-wise Recruitment Trends CONTENT About RecruiteX Executive Summary Recruitment Highlights August 2015 Industry-wise Recruitment Trends Functional Area-wise Recruitment Trends Location-wise Recruitment Trends Experience-wise Recruitement

More information

Information and Communications Technologies (ICT) Quarterly Monitor of the Canadian ICT Sector First Quarter 2011

Information and Communications Technologies (ICT) Quarterly Monitor of the Canadian ICT Sector First Quarter 2011 Information and Communications Technologies (ICT) Quarterly Monitor of the Canadian ICT Sector First Quarter 2011 Quarterly Monitor of the Canadian ICT Sector (URL: http://www.ic.gc.ca/eic/site/ict-tic.nsf/eng/h_it06.html)

More information

* Lease Information Package

* Lease Information Package Oswego County Business Expansion Center * Lease Information Package 44 West Bridge Street Oswego, NY 13126 (315) 343-1545 FAX: (315) 343-1546 ooc@oswegocountyorg wwwoswegocountyorg I GOALS AND OBJECTIVES

More information

START-UP VISA CANADA. Strengthening the entrepreneurship ecosystem

START-UP VISA CANADA. Strengthening the entrepreneurship ecosystem START-UP VISA CANADA Strengthening the entrepreneurship ecosystem INTRODUCTION Team of tech leaders across Canada that work with industry, government and academia to foster collaboration between business

More information

Scaling-Up Energy Efficiency: The Case for a Super-ESCO

Scaling-Up Energy Efficiency: The Case for a Super-ESCO Scaling-Up Energy Efficiency: The Case for a Super-ESCO Dilip R. Limaye New Delhi January 2010 Need for ESCOs in Developing Countries A range of DSM and EE programs are being initiated, developed and promoted

More information

OUTSOURCING GIS DATA SERVICES OFFSHORE A REALITY CHECK ISHU WADWANI APPLIED FIELD DATA SYSTEMS, INC. & CINDI SALAS CENTERPOINT ENERGY

OUTSOURCING GIS DATA SERVICES OFFSHORE A REALITY CHECK ISHU WADWANI APPLIED FIELD DATA SYSTEMS, INC. & CINDI SALAS CENTERPOINT ENERGY OUTSOURCING GIS DATA SERVICES OFFSHORE A REALITY CHECK ISHU WADWANI APPLIED FIELD DATA SYSTEMS, INC. & CINDI SALAS CENTERPOINT ENERGY UTILITY INDUSTRY IS UNDER IMMENSE PRESSURE TO: REDUCE COSTS IMPROVE

More information

Common Fallacies about Globalization and International Business. Ram Mudambi, Temple University Ajai Gaur, Rutgers University

Common Fallacies about Globalization and International Business. Ram Mudambi, Temple University Ajai Gaur, Rutgers University Common Fallacies about Globalization and International Business Ram Mudambi, Temple University Ajai Gaur, Rutgers University The 2016 US presidential election debates are unusually focused on trade and

More information

New Growth Strategy (Basic Policies)

New Growth Strategy (Basic Policies) New Growth Strategy (Basic Policies) Toward a Radiant Japan December 2009 Failures Declaration of Leadership for New Demand Creation A Once-in-a-Century Opportunity Past growth strategies New Growth Strategy?

More information

The Future of the Nonprofit Sector in China Speech at the American Chamber of Commerce Hong Kong, January 2010 By James Abruzzo

The Future of the Nonprofit Sector in China Speech at the American Chamber of Commerce Hong Kong, January 2010 By James Abruzzo The Future of the Nonprofit Sector in China Speech at the American Chamber of Commerce Hong Kong, January 2010 By James Abruzzo Size and growth of the US nonprofit sector Over the last 50 years, the US

More information

China Startup Outlook Key insights from the Silicon Valley Bank Startup Outlook Survey

China Startup Outlook Key insights from the Silicon Valley Bank Startup Outlook Survey China Startup Outlook 2018 Key insights from the Silicon Valley Bank Startup Outlook Survey LETTER FROM SVB CEO CHINA STARTUP OUTLOOK 2018 2 Startups enter 2018 with confidence For the ninth year, Silicon

More information

Delivering Solutions Delivering Growth through Inclusive Innovation. DuPont E.I. du Pont de Nemours and Company. All Rights Reserved.

Delivering Solutions Delivering Growth through Inclusive Innovation. DuPont E.I. du Pont de Nemours and Company. All Rights Reserved. Delivering Solutions Delivering Growth through Inclusive Innovation 1 DuPont 2011 DuPont Core Values 2 Safety and Health Environmental Stewardship Highest Ethical Behavior Respect for People The Goal is

More information

LONDON AND THE UK A GREAT OPPORTUNITY FOR CHINESE COMPANIES AND INVESTORS

LONDON AND THE UK A GREAT OPPORTUNITY FOR CHINESE COMPANIES AND INVESTORS LONDON AND THE UK A GREAT OPPORTUNITY FOR CHINESE COMPANIES AND INVESTORS 3 WELCOME TO LONDON AND THE UK London offers Chinese companies and investors everything in one place: a concentration of financial

More information

The TPI Index. An Informed View of the State of the Global Commercial Outsourcing Market Second Quarter and First Half 2009.

The TPI Index. An Informed View of the State of the Global Commercial Outsourcing Market Second Quarter and First Half 2009. The TPI Index An Informed View of the State of the Global Commercial Outsourcing Market Second Quarter and First Half 29 July 29 Copyright 29, Technology Partners International, Inc. All Rights Reserved.

More information

FOREIGN DIRECT INVESTMENT IN CATALONIA AND BARCELONA

FOREIGN DIRECT INVESTMENT IN CATALONIA AND BARCELONA FOREIGN DIRECT INVESTMENT IN CATALONIA AND BARCELONA Executive Summary and Conclusions. February - April 2017 2 Executive summary Executive Summary 1.1 Methodology and Objectives The objectives of this

More information

Federal Budget Firmly Establishes Manufacturing as Central to Innovation and Growth Closely Mirrors CME Member Recommendations to Federal Government

Federal Budget Firmly Establishes Manufacturing as Central to Innovation and Growth Closely Mirrors CME Member Recommendations to Federal Government Federal Budget Firmly Establishes Manufacturing as Central to Innovation and Growth Closely Mirrors CME Member Recommendations to Federal Government March 22, 2017 Today the Government tabled the 2017/2018

More information

Chicago Scholarship Online Abstract and Keywords. U.S. Engineering in the Global Economy Richard B. Freeman and Hal Salzman

Chicago Scholarship Online Abstract and Keywords. U.S. Engineering in the Global Economy Richard B. Freeman and Hal Salzman Chicago Scholarship Online Abstract and Keywords Print ISBN 978-0-226- eisbn 978-0-226- Title U.S. Engineering in the Global Economy Editors Richard B. Freeman and Hal Salzman Book abstract 5 10 sentences,

More information

Upcoming Energy & Infrastructure Projects in India and South East Asia

Upcoming Energy & Infrastructure Projects in India and South East Asia Upcoming Energy & Infrastructure Projects in India and South East Asia (Country Wise Track of Forthcoming Oil & Gas Projects, Thermal Power Plant Projects, Power Transmission Projects, Wind Power Projects,

More information

Armenia s IT Sector and Opportunities for Regional Cooperation. Artak Ghazaryan, Armenia CAPS Project SARAJEVO, MAY 2010

Armenia s IT Sector and Opportunities for Regional Cooperation. Artak Ghazaryan, Armenia CAPS Project SARAJEVO, MAY 2010 Armenia s IT Sector and Opportunities for Regional Cooperation Artak Ghazaryan, Armenia CAPS Project SARAJEVO, MAY 2010 USAID CAPS Project Works with Four Clusters Tourism Information Technologies www.caps.am

More information

Chapter 29. Introduction. Learning Objectives. The Labor Market: Demand, Supply, and Outsourcing

Chapter 29. Introduction. Learning Objectives. The Labor Market: Demand, Supply, and Outsourcing Chapter 29 The Labor Market: Demand, Supply, and Outsourcing Introduction Technovate and 24/7 sound like U.S. based firms, but in fact, they are located in India. The companies offer low-cost labor services

More information

Expanding U.S. Small Business Participation in the Global Marketplace

Expanding U.S. Small Business Participation in the Global Marketplace Expanding U.S. Small Business Participation in the Global Marketplace Luz A. Hopewell Director, Office of International Trade U.S. Small Business Administration Setting the Stage for Change Administration

More information

Offshoring of Jobs from Suffolk County

Offshoring of Jobs from Suffolk County Offshoring of Jobs from Suffolk County Socioeconomic impact analysis Presented to: The Boston Redevelopment Authority 12.8.2004 By Alexandre Bartolin Nai Jia Lee Xin Li Moshahida Sultana Zhijun Tan 1 Agenda

More information

POWERING UP SASKATOON S TECH SECTOR SASKATOON REGIONAL ECONOMIC DEVELOPMENT AUTHORITY JULY 2017

POWERING UP SASKATOON S TECH SECTOR SASKATOON REGIONAL ECONOMIC DEVELOPMENT AUTHORITY JULY 2017 SASKATOON REGIONAL ECONOMIC DEVELOPMENT AUTHORITY JULY 2017 Saskatoon Regional Economic Development Authority (SREDA) SREDA is an independent non-profit economic development organization whose mandate

More information

The Search for Skills

The Search for Skills The Search for Skills The Demand for H-1B Workers in U.S. Metros Metropolitan Policy Program at BROOKINGS Washington, DC / July 18, 2012 The Search for Skills: Demand for H-1B Immigrant Workers in U.S.

More information

Key findings & recommendations. Brief

Key findings & recommendations. Brief Brief The Sri Lanka FAO growth roundtable 2012 held on 2 August 2012 was organised by CIMA and SLASSCOM to identify constraints to the growth of FAO operations in Sri Lanka and facilitate discussion of

More information

The Present State of Science, Technology and Innovation Policy in Russia

The Present State of Science, Technology and Innovation Policy in Russia The Present State of Science, Technology and Innovation Policy in Russia Irina Dezhina D.Sc., Economics of Science Division Institute of World Economy and International Relations Russian Academy of Sciences

More information

Innovation in Support of National Strategies for Sustainable Development: the Case of Kazakhstan

Innovation in Support of National Strategies for Sustainable Development: the Case of Kazakhstan Innovation in Support of National Strategies for Sustainable Development: the Case of Kazakhstan Rafis Abazov Director, MDP Global Classroom, Kazakhstan Zhumatay Salimov Deputy Chairman of the Board National

More information

Presentation by Julie Sinnamon, CEO Enterprise Ireland. 22 nd November 2016

Presentation by Julie Sinnamon, CEO Enterprise Ireland. 22 nd November 2016 Presentation by Julie Sinnamon, CEO Enterprise Ireland 22 nd November 2016 Enterprise Ireland Work with 5,000 Irish owned businesses across all sectors with export potential and regions To help them to

More information