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Beyond contract drafting and enforcement : The future of contracting in emerging markets

Dissertation (MBA)--University of Pretoria, 2014.

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Other Authors: Vermaak, Andre
Format: Thesis
Language:English
Published: University of Pretoria 2015
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access_status_str Open Access
author2 Vermaak, Andre
author_browse Vermaak, Andre
author_facet Vermaak, Andre
collection Thesis
dc_rights_str_mv © 2014 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria.
description Dissertation (MBA)--University of Pretoria, 2014.
format Thesis
id oai:repository.up.ac.za:2263/43962
institution University of Pretoria (South Africa)
language English
last_indexed 2026-06-10T12:36:56.065Z
license_str Other — see source repository
provenance_str_mv Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository
publishDate 2015
publishDateRange 2015
publishDateSort 2015
publisher University of Pretoria
publisherStr University of Pretoria
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source_str UPSpace — University of Pretoria Institutional Repository
spelling oai:repository.up.ac.za:2263/43962 Beyond contract drafting and enforcement : The future of contracting in emerging markets Vermaak, Andre ichelp@gibs.co.za Sithole, Tafadzwa Priscilla UCTD Contracts -- Emerging markets Personnel management Qualitative research Dissertation (MBA)--University of Pretoria, 2014. The purpose of this study was to explore and gain insight into the current purpose of contracting and, in the main, the future of contracting in emerging markets. The study aimed to explore the nature of contracting in emerging markets in order to understand what the future of contracting will be in emerging markets. The study was a qualitative study and a sample of ten participants was interviewed. Findings of the study indicated that the emerging market environment is risky due to unfamiliar local nuances; and local laws are preferred over international law. Technology and innovation are not a strong focus in emerging markets but relationship frameworks allow for some degree of flexibility and innovation. Relationships and their importance were the biggest finding of this research prompting an exploration of the Confucian concept of guanxi highlighting relational networks within social settings. The research further identified that contract professionals need to firstly be both competent and globally literate. Relationships and links between skills, knowledge and the operating environment are intertwined in determining the future of contracting. The research concluded by making recommendations to Chief Executive Officers of multinationals, lawyers, contract professionals and consultants in emerging market firms in light of the findings of this research. The research highlights the legal and both internal and external contextual considerations of contracting and also suggests variables for further research that are crucial for a deeper understanding of contracting in emerging markets. zkgibs2015 Gordon Institute of Business Science (GIBS) MBA Unrestricted 2015-03-13T06:40:57Z 2015-03-13T06:40:57Z 2015-03-24 2014 Mini Dissertation Sithole, TP 2014, Beyond contract drafting and enforcement : The future of contracting in emerging markets, MBA Mini Dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/43962> http://hdl.handle.net/2263/43962 en © 2014 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. application/pdf University of Pretoria
spellingShingle UCTD
Contracts -- Emerging markets
Personnel management
Qualitative research
Beyond contract drafting and enforcement : The future of contracting in emerging markets
title Beyond contract drafting and enforcement : The future of contracting in emerging markets
title_full Beyond contract drafting and enforcement : The future of contracting in emerging markets
title_fullStr Beyond contract drafting and enforcement : The future of contracting in emerging markets
title_full_unstemmed Beyond contract drafting and enforcement : The future of contracting in emerging markets
title_short Beyond contract drafting and enforcement : The future of contracting in emerging markets
title_sort beyond contract drafting and enforcement the future of contracting in emerging markets
topic UCTD
Contracts -- Emerging markets
Personnel management
Qualitative research
url http://hdl.handle.net/2263/43962