Peter Bendor-Samuel CEO, everest group.

• Author: Madden, Jim
• Position: Manage Your assets - Brief Article

Globalization is a powerful business strategy, but it carries significant risks. A failed globalization initiative is extraordinarily expensive and can damage a company's reputation with customers and supply chain partners, along with employee morale and productivity. Nevertheless, some enterprises are clearly demonstrating that the risks can be navigated successfully--with the right partner, right thinking and right timeframe. It requires being intentional in your actions--calculating risks upfront, estimating your ability to deal with them and determining trade-offs to facilitate desired outcomes. Your company will face implementation risks, whether you establish a shared services model or outsource the services. In addition to technology challenges, process implementations can fail without an effective change management program mobilizing your workforce to adopt new procedures and...