Last week, Oracle was a Gold Sponsor at the Living Labs Global Award and Summit 2012, which took place from May 2 to 4 in Rio de Janeiro. At the summit, representatives from cities and companies were invited to create partnerships and share experiences as they built a common understanding of future trends and the growing demand for innovative business models. Together, they took on topics like sustainability and mobility. There's no doubt that in an increasingly connected world, it is easier to share — and replicate — solutions with partners around the world. But this is just one way in which globalization is changing the way that we do business. Here, learn more about today's global workforce, including how to manage the opportunities and complexities of doing business across time zones.
Understanding the Importance of Culture in Global Business “Cross-cultural differences have time and time again been identified as the most significant impediment to successful international ventures and projects,” Denise Pirrotti Hummel, CEO of Universal Consensus. “These obstacles can be transformed into opportunities with a framework for tackling them head-on.”
Business Beyond Borders “Executives need to understand that they can’t just follow the crowd, because everything’s moving much faster now,” says Mona Pearl, author of Grow Globally: Opportunities for Your Middle-Market Company Around the World.
Managing Global Complexity “The balance between tight integration and distributed control is a delicate one, and valid arguments can be made for either. Fortunately, with the right approach, companies can take advantage of solutions that provide for both sides,” says Harry Ghuman, senior vice president and leader of the global Industry Strategy and Insight team at Oracle. What are the three key factors to consider?
A Singular Focus Eaton's Vehicle Group South America uses a single Oracle platform to support management's goal of building products at any global facility. How Women in Emerging Markets Are Redefining the Global Workforce “The takeaway here is to not make assumptions about the needs and abilities of women in these places; they might surprise you,” says Ripa Rashid, co-author of Winning the War for Talent in Emerging Markets: Why Women Are the Solution.
Working Around the Clock Solutia operates globally with approximately 3,300 employees in more than 50 worldwide locations. With a need to manage its most important asset — a growing global workforce— Solutia teamed up with Oracle partner HCL Technologies Ltd. to upgrade its PeopleSoft Human Capital Management (HCM) application. Time Out: Global Gratuities Regional tipping customs are probably the most common thing that travelers overlook when preparing for adventures abroad. What might be the right amount for the bellhop in Brussels, Belgium, would be offensive to the taxi driver in Turkey. Here's a tip about being great with gratuities.