1. International Legal and Ethical Issues Cynthia Debose October 07, 2013 Law/421 University of Phoenix Chontele McIntyre 2. Once an individual completes the simulation, he or she can see that there are many problems concerning the practices, and resolving of international transacts disputes. It was hard trying to work through the difficulties of dealing with two different sets of protective laws. One problem encountered was attempting to develop one agreement that would represent two different companies, each with its own set of government policies regarding business. Every company involved must do its part of resolving any legal disputes, such as drafting a choice-of-law clause.
Credit crunch and recession are great examples of external factors influencing the business. If the people are suffering from recession, they will not have money to spend money and this is how it affects the businesses. The current instability in Iraq is a good example of what may happen to businesses. In business it’s very important to understand, monitor and adapt to the political environment, because it crucially affects every business. Some of the very important factors are: Government stability effects businesses in a great range by competing with businesses to lower their costs, transparency is another important factor where anything the business does is revealed to the government and the government know exactly what they are up to.
"This agreement gives us the chance to fix what's broken." In an interview, Perrin Beatty, CEO of the Canadian Chamber of Commerce, said the additional red tape and delays "is a serious issue for businesses" and leaves firms from both countries at a competitive disadvantage to offshore competitors. "We need to have action that makes the border more transparent for legitimate travellers and for legitimate cargo," Beatty
When conducting business with foreign countries one should always be aware of the laws and customs in place of the country one wishes to conduct business with or make arrangements to do business (Delaney, 2004). The example regarding the shaven beards in the simulation uncovers a conflict between religion and rules. The case regarding the beard, may not always be acceptable in certain situations, and accommodations and adjustments may need to be made. Such adjustments could defiantly
Why are ethical behaviour and government regulations important to marketing? Ethical behaviour is used within many businesses to ensure the business provides accurate information to customers as well as other businesses to engage in fair competition. It is important for a business to have ethical behaviour in relation to the marketing side of the business so that goods produced, promoted then sold do not provide misleading information. If identified by consumers, it can have a major impact on all functions of the business as it has the potential to ruin the business’s reputation placing the business at a declining stage of the business’s life cycle. In a similar manner government regulations are also important and must be overviewed by all functions of a
Addressing International Legal and Ethical Issues Simulation Erik Larson Law/421 February 17th, 2013 Eric Nord Addressing International Legal and Ethical Issues Simulation Strategy and tact are both required when a profitable endeavor is wanted while conducting international business. When conducting international business, legal issues are bound to arise, but must be resolved in order to retain the relationship between organizations. How a company deals with these legal issues is what can set a successful company apart from the rest of the field. When entering into an agreement with a company in another country, legal documents must be drafted to protect each company’s interest. In a business context, dispute resolution is not simply
Role of Information Policy CMGT/400 February 25, 2013 Role of Information Policy The importance of policies and standards for maintaining information systems and security can be very a touchy subject for many organizations. Organizations want to have the best policies in place to help keep the company safe but often times the money and training that is needed are left out and the policies and standards are not as secure as they need to be. Many items are needed to insure the proper policies are in place. Such items such as training for the individuals that are using the policies that are established or proper software and hardware being installed on all systems are vital to security. When the employee groups sees how important security
Minimum wages was one of the topics discussed that had many influences toward product pricing of businesses. It is important to understand these concepts and understand the political decisions that may influence the strengths of companies whether they are massive or small. Understanding the negative impacts and comparisons between companies can also help individuals understand the weaknesses that may cause failure to the growth and structure. Some of the factors given in the material for this week have proven severe consequences to past businesses. These factors are very “eye-opening” when discussing the factors that could cause businesses to be put out of business or lose substantial returns on the
The fact that Wal-Mart is a company not even a country; and is China’s eighth largest trading partner; just makes us realize how much economic growth depends on businesses to produce more goods and services faster and more efficiently. According to many economists, continuous economic growth leads to greater prosperity for everyone, but because so many countries are trying to achieve the same exact thing, competition is harsh. These are some positive and negative perspectives that are caused by international trade. As you can see, the relationship between the three sources is that they are all based on trade. All around the world, different countries import and export goods to each other so they can benefit themselves with economic growth.
Information sharing: This is one thing was information sharing has to be done by legislation in between the public and private sectors, various organizations and governments sectors are collect the information regard of threats, so for this company has to maintain the some secret maintains of the data or anything that has be shared, because there is a fear that data can lose and also so many problem’s has to face if the data was lose. Now the sharing of the data is limited so it has to concerned that data have to be shred very widely and more, so the professional has to put some concentration on this