Click here to close now.




















Welcome!

IBM Cloud Authors: Elizabeth White, Joe Pruitt, Pat Romanski, Carmen Gonzalez, XebiaLabs Blog

News Feed Item

Three Workplace Tips for Corporations Expanding Into Latin America

JLL Advises Multinational Corporations on Real Estate and Workplace Strategies When Expanding Into Latin America

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.

About JLL

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.

Rebecca Taylor
+1 312 228 2817
RebeccaM.Taylor@am.jll.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of profound change in the industry.
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affect their organization.
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducted a live demonstration of how quickly application development can happen when the need to comply wit...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Architect for the Internet of Things and Intelligent Systems, described how to revolutionize your archit...
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society-changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his session at @ThingsExpo, Jason Mondanaro, Director, Product Management at Metanga, discussed how you can plan to cooperate, partner, and form lasting all-star teams to change the world and it starts with business models and monetization strategies.
Converging digital disruptions is creating a major sea change - Cisco calls this the Internet of Everything (IoE). IoE is the network connection of People, Process, Data and Things, fueled by Cloud, Mobile, Social, Analytics and Security, and it represents a $19Trillion value-at-stake over the next 10 years. In her keynote at @ThingsExpo, Manjula Talreja, VP of Cisco Consulting Services, discussed IoE and the enormous opportunities it provides to public and private firms alike. She will share what businesses must do to thrive in the IoE economy, citing examples from several industry sectors.
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Opening Keynote at 16th Cloud Expo, Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, d...
There will be 150 billion connected devices by 2020. New digital businesses have already disrupted value chains across every industry. APIs are at the center of the digital business. You need to understand what assets you have that can be exposed digitally, what their digital value chain is, and how to create an effective business model around that value chain to compete in this economy. No enterprise can be complacent and not engage in the digital economy. Learn how to be the disruptor and not the disruptee.
Akana has released Envision, an enhanced API analytics platform that helps enterprises mine critical insights across their digital eco-systems, understand their customers and partners and offer value-added personalized services. “In today’s digital economy, data-driven insights are proving to be a key differentiator for businesses. Understanding the data that is being tunneled through their APIs and how it can be used to optimize their business and operations is of paramount importance,” said Alistair Farquharson, CTO of Akana.
Business as usual for IT is evolving into a "Make or Buy" decision on a service-by-service conversation with input from the LOBs. How does your organization move forward with cloud? In his general session at 16th Cloud Expo, Paul Maravei, Regional Sales Manager, Hybrid Cloud and Managed Services at Cisco, discusses how Cisco and its partners offer a market-leading portfolio and ecosystem of cloud infrastructure and application services that allow you to uniquely and securely combine cloud business applications and services across multiple cloud delivery models.
The enterprise market will drive IoT device adoption over the next five years. In his session at @ThingsExpo, John Greenough, an analyst at BI Intelligence, division of Business Insider, analyzed how companies will adopt IoT products and the associated cost of adopting those products. John Greenough is the lead analyst covering the Internet of Things for BI Intelligence- Business Insider’s paid research service. Numerous IoT companies have cited his analysis of the IoT. Prior to joining BI Intelligence, he worked analyzing bank technology for Corporate Insight and The Clearing House Payment...
In his keynote at 16th Cloud Expo, Rodney Rogers, CEO of Virtustream, discussed the evolution of the company from inception to its recent acquisition by EMC – including personal insights, lessons learned (and some WTF moments) along the way. Learn how Virtustream’s unique approach of combining the economics and elasticity of the consumer cloud model with proper performance, application automation and security into a platform became a breakout success with enterprise customers and a natural fit for the EMC Federation.
"Optimal Design is a technology integration and product development firm that specializes in connecting devices to the cloud," stated Joe Wascow, Co-Founder & CMO of Optimal Design, in this SYS-CON.tv interview at @ThingsExpo, held June 9-11, 2015, at the Javits Center in New York City.
SYS-CON Events announced today that CommVault has been named “Bronze Sponsor” of SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. A singular vision – a belief in a better way to address current and future data management needs – guides CommVault in the development of Singular Information Management® solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. CommVault's exclusive single-platform architecture gives companies unp...
Electric Cloud and Arynga have announced a product integration partnership that will bring Continuous Delivery solutions to the automotive Internet-of-Things (IoT) market. The joint solution will help automotive manufacturers, OEMs and system integrators adopt DevOps automation and Continuous Delivery practices that reduce software build and release cycle times within the complex and specific parameters of embedded and IoT software systems.
"ciqada is a combined platform of hardware modules and server products that lets people take their existing devices or new devices and lets them be accessible over the Internet for their users," noted Geoff Engelstein of ciqada, a division of Mars International, in this SYS-CON.tv interview at @ThingsExpo, held June 9-11, 2015, at the Javits Center in New York City.
Internet of Things is moving from being a hype to a reality. Experts estimate that internet connected cars will grow to 152 million, while over 100 million internet connected wireless light bulbs and lamps will be operational by 2020. These and many other intriguing statistics highlight the importance of Internet powered devices and how market penetration is going to multiply many times over in the next few years.
SYS-CON Events announced today that Dyn, the worldwide leader in Internet Performance, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Dyn is a cloud-based Internet Performance company. Dyn helps companies monitor, control, and optimize online infrastructure for an exceptional end-user experience. Through a world-class network and unrivaled, objective intelligence into Internet conditions, Dyn ensures traffic gets delivered faster, safer, and more reliably than ever.