International Development – the Challenges you may face:
- Exposing your company to new risks and a new competitive landscape, as well as conflicts of interest that may arise due to different traditions, new social norms, and cultural differences
- Understanding the new rules of corporate governance
- Working in a new country impacts strongly on your entire organization, including oversight and reporting relationships
Regardless of your strategic decisions
- You are either already implanted in the U.S. due to:
Diversification, returning to the core business, turnaround, change in management, or assuming control over a minority situation
Or - You are newly entering the U.S. market due to:
Opening an office, establishing a subsidiary, forming a joint venture, pursuing an acquisition or merger, launching a partnership, or investing a minority stake
The key success factor lies in the choice and development of your people
Every one of your strategic decisions raises the fundamental questions of trust, competence, and performance of people: your top leadership, senior management team, and board of directors.