Reciprocal trade agreements that require a business to spend part of the revenue they earn in the country in that nation's economy. Geoeconomic Challenges - Geoeconomic challenges in global business and IT refer to the effects of geography on the economic realities of international business activities. Differences in work styles and business relationships. Some of these issues involve Reaching agreement on systems requirements is always difficult, but becomes many times more difficult when the users and developers are in different countries. Conflicts over local versus global system requirements, and difficulties in agreeing on common features such as multilingual user interfaces and flexible design standards.
Disturbances can arise from systems implementation and maintenance activities.
Trade-offs must be made between developing one system that can run on multiple computer and operating platforms, by letting each local site customise the software for its own platform. Setting up a multinational development team with key people from several subsidiaries to ensure that the system design meets the needs of the local sites as well as corporate headquarters. Parts of a system are assigned to different subsidiaries and the home office to develop at the same time, based n the expertise and experiences at each site. Centres of excellence. An entire system may be assigned for development to a particular subsidiary based on their expertise in the business or technical dimensions needed for successful development.