Expatriate & International Business Expansion
A guide to leveraging expatriates
The major benefits that this report
Major factors influencing choice of host countries for expansion
Suggested two countries for expansion
Three criteria to consider when deciding which employees to send abroad
Major methods and/or incentives to encourage employees to become expatriates
Strategy to ensure that both the Executive Committee and the Board of Directors are committed to the expansions
Two recommended books for expatriates
Guide for expatriates for one to two (1-2) years.
Framework for presentation
A guide to leveraging expatriates
In the growing trend of companies going global and starting to look out for new markets, companies are sending more and more employee to work outside their home countries as expatriates. In this case at hand, as the CEO the The company needs to leverage expatriates the expatriate is most likely to have experience of working with the company and is an advantage for the company in sending and expatriate rather than hiring someone from the new market.
The expatriates are able to better identify and meet the company's objectives and understand the aims better than the local employees.
The same management style with that of Home Company is allowed to be followed by an expatriate and can help the local employees to understand and follow the company objectives and hence it is important to send expatriate.
The company would be able to better control and coordinate the overseas operations if an expatriate, known closely by the company by virtue of having worked in the Home Company, is sent to the new market. Therefore controlling the new business in the new market is easier.
Expatriates play an important role in breaking down the barrier that often exists between the parent company and subsidiaries and will help the company to reduce risks and tackle technical problems.
A good supplier relation can be established by the expatriates through coordination but and knowledge transfer and in improving business relations.
The expatriate will also help in replicating the company culture in the new market and among the new employees hired from the new market. This ultimately would help the company to better its relations with the employees of the host country and the company will be able to better understand their needs.
There are however certain disadvantages of leveraging expatriates. There are chances that the expatriates can misunderstand the political situation and which can cause political risk in the new market.
There can be certain constraints in understanding the local language and culture of the host country by the expatriate which can hamper company's operations.
The cost factor should be looked into by the company as the costs of sending and expatriate to a host country can be costly.
The major benefits that this report
The report will be useful to the company in more ways than one.
The report will help the company to understand the role and importance of sending expatriates to the new market and the advantages that the company can have from taking the decision.
The company can also discuss and debate the advantages of control and coordination allowed by sending expatriates to the host country against the costs that are involved in sending them and their family.
The company will also be able to understand and make and assessment of the period of time that the expatriates would require to spend in the host country.
Major factors influencing choice of host countries for expansion
It is assumed that company is based in the U.S. and most the employees are of Amercian origin.
Apart from the market opportunities, while choosing the possible countries for expansion the following factors were kept in mind.
Distance: the country to be chosen should not be logistically too far away and should not be in a remote area. It is suggested that the country to be chosen should be within the distance that the present logistics of the company can easily reach.
Cultural Background: it is advised that for the purpose of business expansion the cultural background of the host country needs to be kept in min. It needs to be ascertained that the host country should not have a culture that is averse to the use of the products that the company produces.
Knowledge about the country: having relatively adequate knowledge about the countries of expansion is necessary. The company should choose the two countries about which there is enough knowledge especially about the market behaviors, the political scenario, the legal and the regulatory...
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