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What legal and ethical issues should a business consider?

1. What legal and ethical issues should a business consider when deciding whether or not to do business globally? How can you compare and contrast between ethical issues in the US and ethical issues in other countries? What method could a company use to address ethical differences?

2. What is ethical consequentialism and formalism? Provide examples of each?

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The response addresses the queries posted in 624 Words, APA References
Legal and Ethical issues

Legal and ethical issues

There are various issues in context of legal and ethical aspects, which should be considered for a business. On legal front, issues related to the copyright, patent, intellectual property rights and trademark infringement should be considered by the organization to conduct business at global level. Export compliance should be also considered by the organization for doing business globally. Failure to comply with the export regulations can also result into the penalties by the government of the host country. On the other hand ethical issues are also of key importance and must be considered by the organizations before starting business activities in other nations.

The exploitation of foreign workers for financial gains is also a key issue in terms of ethical standards, which should be given due consideration by the organization. The inequality in earnings and working conditions is also an ethical issue, which should be considered by the organizations before starting business globally (Determining Moral Behavior, 2008).

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The response addresses the queries posted in 624 Words, APA References

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