Lexington biotech Shire plc, which turned away three previous buyout bids from AbbVie Inc., acknowledged Monday its executives were engaged in takeover talks after the drug maker sweetened its offer by $2.6 billion to $53.6 billion.
An international expansion has a lot of moving parts to it, but the heart of any organization is its people, so they should always remain a priority when expanding overseas. That means it will be vital to understand the benefits implications of any move abroad, both for the workers you'll be hiring in new markets and for the existing employees you'll be sending out from HQ.
Narendra Modi, India's newly elected prime minister, is experiencing a moment reminiscent of the early days of Barack Obama's presidency, some watchers of Indian politics say. There is a general feeling of optimism that Modi can get things done despite a slow, choked bureaucracy and improve the country's economic fortune.
When it comes to expanding into overseas markets, few challenges are as daunting as hiring new employees, especially in countries where the culture, regulations and language are vastly different than in the U.S. At the same time, hiring the right employees and ensuring that your company is compliant with all applicable regulations is essential to the success of your expansion.
Chances are if your company is doing well in domestic markets, hitting your revenue goals, and continuing to acquire customers, you’re probably thinking about an international strategy to expand your operations overseas to repeat that success. If, on the other hand, your company is feeling the effects of a sluggish economy, you may be seeking new market opportunities for even more pressing reasons.