If your ultimate aim is to get your Outlook calendar on your nexus, you can just use google sync to sync up your outlook with your google calendar, which is readily available on your nexus....
Yes, in theory, you can do this. However, Google Sync is way too basic to be truly useful, and in my experience, it creates more headaches than it's worth. Sure, it will sync events, but there always seemed to be some random events in my calendar it would
never sync. And then there is the problem with editing events. Google Sync tends to upload Outlook events to Google Calendar in such a way that Google Calendar sees the event as owned by someone else, and prevents you from editing it on your phone. Sure, you can view it on your phone, but if you wanted to actually change the event on your phone, well, sorry, you're out of luck. The workaround on that one is to open the event on the web in Google Calendar and manually edit the permissions so that "guests" can modify the event (the guest being you, the person who originally created the event

). I've also had major issues with events that I edited in one place completely being wiped out by a sync, as there is absolutely no method in Google Sync for resolving conflicts.
So, if you want the world's most basic sync program and don't plan on editing or creating events in more than one place, sure, Google Sync works. If you came from a BlackBerry type calendar system, with OTA syncing to Exchange, well, Google Sync
really sucks.
My solution was to just kill Google Sync. When I create an event in Outlook I want to show up on my Android device, I manually forward it to my Gmail account. It's tedious to do it that way, but at least events aren't randomly disappearing anymore, and edits to events aren't being wiped out by Google Sync.
Honestly, Google needs to do some major work on improving the calendar program and sync system if they want to be really competitive in the business user market.