Outsourcing Law & Business Journal – February 2011

Posted February 11, 2011 by   · Print This Post Print This Post

OUTSOURCING LAW & BUSINESS JOURNAL (™) : Strategies and rules for adding value and improving legal and regulation compliance through business process management techniques in strategic alliances, joint ventures, shared services and cost-effective, durable and flexible sourcing of services. www.outsourcing-law.com. Visit our blog at http://blog.outsourcing-law.com.

Insights by Bierce & Kenerson, P.C., Editors. www.biercekenerson.com

Vol. 11, No. 1  (February, 2011)
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Editor’s Note: This newsletter dissects the new government “Startup America” plan to promote entrepreneurship.  We welcome you thoughts on this controversial topic of law, public policy and international trade in managed services by contacting us at publisher@outsourcing-law.com.

There is also still time to register for the upcoming Webinar (full disclosure, this newsletter Editor is a speaker)

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Webinar Announcement
“Global Entrepreneurship and the Evolution of the New Global Enterprise”
February 17, 2011, 11am – 12:20pm, EST US

Speakers:
William B. Bierce, Esq., Bierce & Kenerson, P.C.
Ed Nair, Editor of Global Services Magazine

Description:

The struggles of the entrepreneur and owner-managed businesses are well known. The real struggle arises when they try to achieve scale and breadth through globalization. They face many challenges in developing and managing an overseas sales presence, brand management, technical presence, business organization, intellectual property and operations. However, the miracles of modern technology, educational diversification, social media and long-distance collaboration now enable some innovative uses of established legal, tax, organizational and operational structures. In short, it’s time to rethink and extend the classic business models for entrepreneurship.

This webinar delves into the idea of global entrepreneurship in the “new normal” economy. Global excellence is not a concept reserved for large companies like Accenture, Genpact and WNS, but can be implemented across the spectrum of both Fortune 500 companies and owner-managed businesses. For more information, click here.

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1.  “Startup America”:  A Vision for American Entrepreneurs:  What Role for Global American Entrepreneurship?

2.  Humor.

3.  Conferences.

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1.   “Startup America”:  A Vision for American Entrepreneurs:  What Role for Global American Entrepreneurship? On January 31, 2011, President Barack Obama’s office released a “Startup America” plan to promote entrepreneurship.  The “Startup America” initiative proposes to “celebrate, inspire, and accelerate high-growth entrepreneurship” throughout the nation by coordinating public and private effort to create “innovation ecosystems” that bring together innovative entrepreneurs, corporations, universities, foundations, and other leaders, working in concert with a wide range of federal agenciesinitiative seeks to promote entrepreneurship as the core of an innovation strategy for achieving sustainable growth and quality jobs It builds on the Job Creation Act of 2010, but does not address many legal issues in the global economy. For more, click here.

2.  Humor.

Entrepreneur, n. (1) one willing to give up his life’s savings and home equity in the hope of avoiding having to ask friends and family give up their life’s savings and home equity once he has spent the startup capital; (2) a Ponzi in training.

Innovation ecosystem, n. (1) traditionally, a Darwinian commercial environment characterized by an influx of agile adaptive and mobile participants and new global business models and the decline or exit of the stagnant old participants and outmoded existing business models; (2) a weather system that gently rains and beneficently shines on the land of venture capital, strategic sale and IPO’s and inundates and smashes the innovator in the land of vulture capital and bankruptcy; (3) a public-private partnership where the taxpayer provides subsidies and the private enterprise provides risk capital and subsistence level wages with stock options.

3. Conferences.  

February 14-16, 2011, IQPC presents its 4th E-Discovery Finance Conference, New York, New York, focusing exclusively on the financial services industry. The Dodd-Frank bill is the most comprehensive legislative overhaul of the financial services industry since the Great Depression, and financial corporations must respond and adapt immediately. Changing technology creates quickly moving targets for corporations to reach. The burden falls on legal, information security, record retention, and IT departments to ensure the best review, retention, and destruction policies and procedures. A successful e-discovery team can mitigate the costs of e-discovery, reduce the volume of extraneous data, and avoid sanctions and other judicially imposed penalties. Highlights include strategies to:

  • Keep costs down while maximizing efficiency.
  • Comply with stricter, more expansive regulations.
  • Implement and adapt to new technologies in order to “future-proof.”
  • Stay out of the headlines for non-compliance or sanctions.

To obtain more information, click here.

February 14-16, 2011, Legal Process Outsourcing Conference, New York, New York. With advanced technology and tight budgets in a downturn economy, companies are exploring more cost-efficient alternatives for high quality legal work. CEOs and CFOs are putting tremendous pressure on their employees to cut spending and given the exorbitant cost of legal spend, in-house counsel are feeling the pressure more than most. Although legal outsourcing is not a fit for every law firm and in-house legal department, the legal community simply cannot ignore the expansion of the LPO market. This event will take an honest look at all sides of LPO and address the challenges, ethics, implications, and strategies of legal outsourcing. Attending this Summit will help decide where your company fits into this new outsourcing dynamic. For more information visit their website.

February 21-23, 2011, International Association of Outsourcing Professionals (IAOP) presents its 14th edition of The Outsourcing World Summit, Indian Wells (Palm Springs), California. This conference, through case studies, educational sessions and presentations, provides participants with news of the latest developments affecting the outsourcing industry and their profession. Its theme is Embracing Change – How Outsourcing Professionals Can Lead Their Companies to Success in This New Outsourcing Landscape. For more information, visit: http://www.iaop.org/Content/23/154/1099/Default.aspx

March 1-3, 2011, SSON presents the 15th Annual North American Shared Services & Outsourcing Week, Orlando Florida. As SSON celebrates 15 years of serving the needs of the shared services and outsourcing community, this conference will bring added value to our participants through inspired structured networking, innovation and meaningful, leading edge content. Featured presenters will include numerous buy-side executives from a wide range of industries. You will meet and network with the very best thought leaders, practitioners, providers and advisors in the shared services and outsourcing space, connecting with over 1,000 senior level attendees from various sectors all over the region.

If you want to seek fresh initiatives and reach new thresholds of productivity or revenue growth, are looking for game changing, innovative content and ideas to leverage technologies, and desperate to leave behind old legacies and shape the future of the sourcing world, then this event is for you. For more information, click here.

May 4-5, 2011, Aitec Africa presents 5th Annual African Outsourcing Summit, Nairobi, Kenya. This conference will gather an unprecedented level of international expertise for emerging BPO enterprises to tap into.  This East African Outsourcing & Contact Centre Conference aims to provide a stimulating and informative platform for the region’s emerging BPO enterprises to gain the knowledge, inspiration and business contacts they need to become world-class service providers, learning from international best practice in outsourcing – as well as from competitors and potential business partners closer to home.  For more information, visit their website.

May 23-25, 2011, SSON’s 11th Annual Shared Services for Finance & Accounting, Dallas, TX. This event brings together industry leaders to provide the fundamentals of efficiency, quality and service and show innovative ways to grow your shared service center:

  • Drive efficiency: Build a value proposition outside of just productivity to further improve quality and decrease costs
  • Current trends: Debate in-house vs outsourcing strategies and make sure you choose the right model and technologies for your business
  • Process ownership: Continually improve your shared service center to enable growth
  • Accelerate improvement: Re-engineer processes to move beyond labor arbitrage

Create a clear strategy for your business with case studies presented by ING, Goodyear Tire & Rubber Company, PepsiCo, Walmart, Wendy’s/Arby’s Group, Kraft and many more! To register, visit www.SharedServicesFA.com , call 1-800-882-8684 or email iqpc@iqpc.com . Mention code SSFAOL20 for an exclusive 20% discount available to Outsourcing-Law.com subscribers.

May 23-25, SSON presents its 9th Annual HR Shared Services and Outsourcing Summit, Chicago, Illinois, focuses on Trends in HR Transformation and HR Shared Services for the Next Decade.  This conference will look back at what’s worked and provide you with a look forward to new trends in operations models, globalization, virtualization, enabling technologies, staffing and much, much more.  Whether you are in the beginning, middle or mature stages of your HR transformation – or creation of HR Shared Services – the trends of this next decade will have an enormous impact on your success.
For more information, please visit their website.

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FEEDBACK: This newsletter addresses legal issues in sourcing of IT, HR, finance and accounting, procurement, logistics, manufacturing, customer relationship management including outsourcing, shared services, BOT and strategic acquisitions for sourcing. Send us your suggestions for article topics, or report a broken link at: wbierce@biercekenerson.com. The information provided herein does not necessarily constitute the opinion of Bierce & Kenerson, P.C. or any author or its clients. This newsletter is not legal advice and does not create an attorney-client relationship. Reproductions must include our copyright notice. For reprint permission, please contact: wbierce@biercekenerson.com . Edited by Bierce & Kenerson, P.C. Copyright (c) 2010, Outsourcing Law Global LLC. All rights reserved. Editor in Chief: William Bierce of Bierce & Kenerson, P.C. located at 420 Lexington Avenue, Suite 2920, New York, NY 10170, 212-840-0080.

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