Probable issues when doing business in Sri Lanka Essay

Probable issues when doing business in Sri Lanka - Essay Example Included in the memo are the strategic goals on which to focus on during the operations in the new country. The strategic goals are however not the overall corporate goals of the company but those formulated to enable it deal with the environmental issues and to achieve success in a new marketplace. In correspondence, the objectives named above have   the to be met by the company through the tactics mentioned below each one of them. If the recommendations given are applied strictly, the company will efficiently deal with the underlying environmental issues and carry on the daily business operations efficiently and in good time. This will also help ISSAC to better determine the depth and extend of each issue or objective proposed. †¢Ã‚  To have all the product and services meet the excellence standard guidelines of the company with connection to Sri Lanka’s culture†¢Ã‚  It is recommended that the company adjust their services to fit the needs of the new customers â € ¢Ã‚  To take advantage of physical facilities such as capacity and location†¢Ã‚  Through using Sri Lanka’s exports such as rubber and tobacco to get revenue and increase investments†¢Ã‚  To increase technology management efficiency†¢Ã‚  We recommend the use of virtual or wireless technology throughout the business operations (Watson 34). †¢Ã‚  To successfully implement and recognize gains from the firm’s computer and software systems†¢Ã‚  First, it is recommended that the company get a sophisticated and alternative way of a stable electricity supply system.... ry out its operations much more with what the company already has To increase revenue with by a bigger percentage than last year Through driving growth and strategy Client/constituent Increase customer retention We recommend that ISSAC retain its former clients through maintaining constant communication and extensive services Introduce existing products and services into Sri Lanka’s new market This will be done through promotions and advertisement through Sri Lanka’s media Achieve and adhere to an exclusive customer service It is recommended that ISSAC develop and make good use of a customer database. To expect future client needs Done through client feedback To extend sales and other services to the global marketplace We recommend that ISSAC establish new branches in the neighbouring countries using the same brand name Having a stable workforce To recruit, hire, and maintain the right staff, in the right departments in the new country We recommend that the firm use a s pecialist recruitment firm in Sri Lanka to vet the newspaper applications made Employ professionals who are more likely to bring success to the company Each recruited employee will be allocated a post as per his or her professionalism and competence in a given field or department To train employees on internal matters of the company Through developing a wide range of skills essential for customer support Through aligning employee performance with rewards and incentives To continuously learn and take up up-to-date best practices We recommend that the company organize for awareness rallies that inform employees on the best practices desired by the surrounding community (Kaplan & Norton 80). Internal efficiency and success in business operations To have all the product and services meet the excellence

Oil and Gas Exploration and Production Contracts Essay

Oil and Gas Exploration and Production Contracts - Essay Example The origin of concession was from the E&P of the petroleum in the developing petroleum mining countries by the international oil companies. It dates back to the late 19th Century when most of oil producing countries were under the European power political control. The Indonesian GOE and a foreign oil company were the first to form a Production sharing company in 1966 that was under the foreign company’s people’s empathy together with the countries aiming to control the natural resources within Indonesia. In between 1958 and 1961, Service contract was introduced for the first time in Argentina by the Argentinian government. The service contract introduced was in three types that included financial exploration, drilling, and development in the aim of achieving the most advanced technology. A third type of contract that is the joint venture was for the first time introduced in the Italian GOE, Iranian GOE, and Egypt. It was meant to participate in the Managerial decision. The ownership of petroleum is granted by the concession agreement.