|By Marketwired .||
|July 22, 2014 10:00 AM EDT||
CHICAGO, IL--(Marketwired - July 22, 2014) - In today's global economy, more and more multinational corporations are taking advantage of Latin America's low operations and real estate costs, growing talent pool and budding economies to expand into the region. In fact, a recent JLL survey of more than 600 corporate real estate executives found that in the next three years, 66 percent expect to grow their presence in Brazil and 45 percent in Mexico. However, those multinational corporations could fail if they adopt global workplace strategies and standards that don't consider local customs.
"Many global enterprises use a 'one size fits all' workplace strategy for each of their locations around the world," said Bernice Boucher, Managing Director and Lead of JLL's Workplace Strategy practice in the Americas. "Understanding and accommodating cultural norms and unique technology needs in Latin America is the key to success for multinational companies looking to engage employees, improve productivity and maintain a competitive advantage."
Boucher advises that multinational corporations must think locally, even as a global business, to operate successfully in Latin America. Below are three considerations for foreign organizations expanding into the region:
1. Risk Tolerances
It's crucial for multinational corporations to define their tolerance for risk before advancing operations in Latin America. Companies should account for: legal, regulatory, economic, linguistic, monetary, political, social, technological, educational, health, religious, environmental, transportation, security and other implications before taking commerce across borders. Once due diligence and risks are evaluated, corporate real estate is a key factor to build the right workplace locally and internationally. A company's specific location within Latin America, combined with its office space design, can control costs, generate revenue, maximize performance and reduce risks.
"Corporate real estate initiatives must evolve at the speed of the enterprise. Organizations should be constantly evaluating their workplace strategy to ensure it is still relevant and helps reduce corporate risks," said Laura DelaFuente, Vice President of JLL's Workplace Strategy group with extensive experience implementing workplace programs in Latin America. "Implementing pilot programs in groups that have basic workplace strategies already in place can work out kinks on a small scale, mitigating future large-scale roll-out risks."
2. Workplace Mobility
The long, tiresome commutes to the office in Latin America pared with the cultural oppositions to working remotely provide unique challenges and considerations for multinational corporations looking to operate in the region.
Working in a "third place" such as a coffee shop or at home, while prevalent throughout the United States and Europe, is a very new concept for Latin America, owing to a "presenteeism" culture where employees must be physically at work to be considered working. This trust issue that faces multinational corporations underlies what is viewed as a more controlling management style compared to American or European business cultures. Additionally, many employees choose to come to the office to work to avoid spouses, children and maids that can make working from home inefficient and distracting, while forging stronger business relationships with colleagues in a preferred face-to-face environment.
On the other hand, coming to the office offers logistical challenges for employees facing Latin America's overly-congested streets and notorious traffic delays. With 8.5 million motorized vehicles and 62-mile traffic jams, São Paulo is the sixth most congested city on earth. That doesn't even compare to Mexico City, which scored the highest in IBM's Global Commuter Pain Survey in 2011. While the Mexican government is making strides to reduce congestion with the "Hoy No Circula" (translated to "No Driving Today") program, which restricts every vehicle from driving one day per week in Mexico City, the average daily commute is still about three hours.
3. Technology Infrastructure
Technology infrastructure is one of the most crucial elements to consider when expanding operations into Latin America. While dependable wireless internet is expected in developed countries, internet infrastructure is lagging in Latin America and access to both broadband and wireless internet is inconsistent. In addition to the challenges associated with supplying internet, multinational corporations must consider internet security until the digital infrastructure matures.
"In today's hyper-connected global marketplace, technology like wireless internet, email and cell phone communication are crucial to conduct business for any company, either local or international," said DelaFuente. "Corporations, even those in highly-regulated industries like financial institutions, can navigate Latin America's cultural and technological challenges with the support of local, on-the-ground advisors."
Latin America offers an intriguing and significant opportunity for multinational corporations looking to grow. But simply superimposing its headquarters' culture and practices into its Latin American operations will lead to challenges that negate the bottom-line benefits of expanding in a high-potential market.
A leader in the real estate outsourcing field, JLL's workplace strategy team is a key component of its Corporate Solutions business. By creating outsourcing partnerships to manage and execute a range of corporate real estate services, JLL professionals help corporations improve productivity in the cost, efficiency and performance of their national, regional or global real estate portfolios. This service delivery capability helps corporations improve business performance, particularly as companies turn to the outsourcing of their real estate activity as a way to manage expenses and enhance profitability.
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4 billion, JLL has more than 200 corporate offices and operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $48.0 billion of real estate assets under management. For further information, visit www.jll.com.
+1 312 228 2817
Enterprise IoT is an exciting and chaotic space with a lot of potential to transform how the enterprise resources are managed. In his session at @ThingsExpo, Hari Srinivasan, Sr Product Manager at Cisco, will describe the challenges in enabling mass adoption of IoT, and share perspectives and insights on architectures/standards/protocols that are necessary to build a healthy ecosystem and lay the foundation to for a wide variety of exciting IoT use cases in the years to come.
May. 3, 2015 03:00 PM EDT Reads: 1,126
SYS-CON Events announced today that B2Cloud, a provider of enterprise resource planning software, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. B2cloud develops the software you need. They have the ideal tools to help you work with your clients. B2Cloud’s main solutions include AGIS – ERP, CLOHC, AGIS – Invoice, and IZUM
May. 3, 2015 12:00 PM EDT Reads: 4,351
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch of Docker's initial release in March of 2013, interest was revved up several notches. Then late last...
May. 3, 2015 12:00 PM EDT Reads: 3,697
There is no doubt that Big Data is here and getting bigger every day. Building a Big Data infrastructure today is no easy task. There are an enormous number of choices for database engines and technologies. To make things even more challenging, requirements are getting more sophisticated, and the standard paradigm of supporting historical analytics queries is often just one facet of what is needed. As Big Data growth continues, organizations are demanding real-time access to data, allowing immediate and actionable interpretation of events as they happen. Another aspect concerns how to deliver ...
May. 3, 2015 11:00 AM EDT Reads: 5,570
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY., and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides private all-in-one social intranets allowing workers to securely collaborate from anywhere in the world and from any device. Social, mobile, and easy to use. MangoApps has been named a "Market Leader" by Ovum Research and a "Cool Vendor" by Gartner...
May. 3, 2015 11:00 AM EDT Reads: 4,279
The world's leading Cloud event, Cloud Expo has launched Microservices Journal on the SYS-CON.com portal, featuring over 19,000 original articles, news stories, features, and blog entries. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. Microservices Journal offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Follow new article posts on Twitter at @MicroservicesE
May. 3, 2015 11:00 AM EDT Reads: 2,793
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, discussed how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.
May. 3, 2015 10:45 AM EDT Reads: 4,188
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, and physical persons. In the IoT vision, every new "thing" - sensor, actuator, data source, data con...
May. 3, 2015 10:30 AM EDT Reads: 5,207
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover how hardware commoditization, the ubiquitous nature of connectivity, and the emergence of Big Data a...
May. 3, 2015 10:00 AM EDT Reads: 5,404
SYS-CON Events announced today the IoT Bootcamp – Jumpstart Your IoT Strategy, being held June 9–10, 2015, in conjunction with 16th Cloud Expo and Internet of @ThingsExpo at the Javits Center in New York City. This is your chance to jumpstart your IoT strategy. Combined with real-world scenarios and use cases, the IoT Bootcamp is not just based on presentations but includes hands-on demos and walkthroughs. We will introduce you to a variety of Do-It-Yourself IoT platforms including Arduino, Raspberry Pi, BeagleBone, Spark and Intel Edison. You will also get an overview of cloud technologies s...
May. 3, 2015 10:00 AM EDT Reads: 3,812
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
May. 3, 2015 09:45 AM EDT Reads: 3,267
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using the URL as a basic building block, we open this up and get the same resilience that the web enjoys.
May. 3, 2015 09:45 AM EDT Reads: 5,720
As we approach the next @ThingsExpo, to be held June 9-11 at the Javits Center in New York, my thoughts naturally turn to the Internet of Things. The IoT is a leviathan—in the best possible sense of the term—that will sweep up most everything in the ocean of data and technology being created today and tomorrow. But rather than try to grasp all of its possible uses, for today I'm looking at “just” the Industrial Internet part. I just read a long paper co-authored by Tim Berners-Lee about the possibility of describing a “web science,” that is, discipline that combines the study involved ...
May. 3, 2015 09:30 AM EDT Reads: 696
Chuck Piluso will present a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Speaker Bio: Prior to Data Storage Corporation (DSC), Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Telecommunications Corporation, a facilities-based international carrier licensed by t...
May. 3, 2015 09:00 AM EDT Reads: 711
There are lots of challenges in IoT around secure, scalable and business friendly infrastructure for enterprises. For large corporations, IoT implementations are one of the top priorities of the decade. All industries are seeing a competitive need to sustain by investing in IoT initiatives. The value addition comes from improved customer service, innovative product and additional revenue streams. The data from these IP-connected devices can be leveraged for a variety of business applications as well as responsive action controls. The various architectural building blocks of an IoT ...
May. 3, 2015 09:00 AM EDT Reads: 1,063
The WebRTC Summit 2015 New York, to be held June 9-11, 2015, at the Javits Center in New York, NY, announces that its Call for Papers is open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 16th International Cloud Expo, @ThingsExpo, Big Data Expo, and DevOps Summit.
May. 3, 2015 08:15 AM EDT Reads: 3,043
Recent technology advances in miniaturization has positioned the wearables as the pinnacle of technology convergence with the human body. We inquire if wearables are mere standard miniaturized devices extended with the connectivity and present our views on considerations like design, applications, performance, efficiency, interoperability, usage scenarios, human device interaction and consequent trade-offs enabling wearables to impart optimal value.
May. 3, 2015 08:00 AM EDT Reads: 1,666
In this session we look at creating interactive communications via the web by adding messaging, file transfer, and group communication (group chat and audio/video conferencing) into the web experience. We will also discuss potential applications of this technology in areas including B2B, B2C, P2P, and gaming. Peter is Technical Director at Acision. He graduated from The University of Edinburgh in 2000 with a BSc (Hons) in Computer Science. After graduation Peter worked on a PSTN switch developing signalling stacks for SS7, ISDN and similar protocols and creating advanced routing and serv...
May. 3, 2015 08:00 AM EDT Reads: 1,795
The Internet of Things Maturity Model (IoTMM) is a qualitative method to gauge the growth and increasing impact of IoT capabilities in an IT environment from both a business and technology perspective. In his session at @ThingsExpo, Tony Shan will first scan the IoT landscape and investigate the major challenges and barriers. The key areas of consideration are identified to get started with IoT journey. He will then pinpoint the need of a tool for effective IoT adoption and implementation, which leads to IoTMM in which five maturity levels are defined: Advanced, Dynamic, Optimized, Primitive,...
May. 3, 2015 07:45 AM EDT Reads: 935
SYS-CON Events announced today that AIC, a leading provider of OEM/ODM server and storage solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. AIC is a leading provider of both standard OTS, off-the-shelf, and OEM/ODM server and storage solutions. With expert in-house design capabilities, validation, manufacturing and production, AIC's broad selection of products are highly flexible and are configurable to any form factor or custom configuration. AIC leads the industry with nearly 20 years of ...
May. 3, 2015 02:45 AM EDT Reads: 5,721