Nearly 40 leaders of multinational design and architecture firms share their top concerns in practicing globally.
As more U.S. firms explore opportunities abroad and transform from national to global practices, firm leaders are faced with navigating complex conditions in unfamiliar markets. For those who surmount the challenges, global practice offers significant opportunities and rewards.
In a recent DesignIntelligence survey, nearly 40 leaders of multinational design and architecture firms shared with us their top concerns in practicing globally.
Their top five responses are below:
- Receiving payment for services rendered
- Understanding and reacting to the uncertainty of global economies and slowing U.S. economic recovery
- Finding the right high-quality local talent
- Contractual language
- Political instability
Other significant concerns of global design leaders included logistical and legal organizational issues, growing taxation, and maintaining quality while remaining competitive with fees.
The 2013 DesignIntelligence Multinational Design Firm Fee Survey includes more information on trends in the global market and the top 30 North American-based firms practicing internationally. The print and PDF editions are available in the DesignIntelligence bookstore.