Name: Sharman Mohamed ShariffStudent ID No: CGS00421017
Describe how you would manage the contract to ensure that the project organization and itsexecution will lead to a win-win situation for both your company and your client (owner). Useall the knowledge and techniques you have learnt from this module.To manage a contract of this magnitude with its myriad of complexities pertaining to different parties involved, especially ones than spans continents, an approach to contract management thatis aimed at achieving a cooperative organization is paramount.
Companies that operate acrossinternational borders need executives and managers who understand cross-cultural customs and business practices and how to promote efficiency and optimize profitability in a globalenvironment
Many corporations purchase supplies or sell products in other countries.
Acompany in Sudan may have a supplier from the Czech Republic (as per the case study). Thedesign work was carried out from an office in Holland while the contractor hailed fromMalaysia. Global Management techniques are needed in order to operate under these conditions.What follows are some of the anticipated problems that a Malaysian contractor could faced whenoperating in a foreign country:
Obtaining permits to run a business in another country.
Complying with the rules for foreigners working in another country.
Understanding the employment laws of other countries.
Understanding the business culture of other countries.
Understanding social customs of other countries.