Project for International Business Law and Practices Guidelines - Magid Glove and Safety, LLC
Guidelines on Feasibility Report of International Business Law and Practices for the international expansion of your chosen company.
The company selected is Magid Glove and Safety, LLC. The company's headquarters are located in Chicago, Illinois. The organization manufactures personal safety gear for manufacturing. Magid already has an international presence, with locations in the Philippines, Mexico and Canada. For this assignment, the organization will expand to Korea, Brazil and The UK. Among the company's product lines are gloves in leather, rubber and a variety of other Materials; raingear, disposable wear, welding gear, chemical protection and high visibility gear. Back supports, knee supports, body harnesses and protective eyewear are some of the additional offerings. Workplace safety is a concern in most countries and various manufacturing facilities relied on different types of equipment to keep workers safe. Other organizations need to become more compliant and will need products that help them comply.
Assignment: Course Project Task I
Select a Company
You should select a company to work with for this project. You can use your current employer or another company that you can access easily. For the purposes of this project, you are now the Director of International Compliance, charged with the task of creating guidelines for international business law that can be used by your company's employees.
Once you have selected your company, select at least three countries that your company currently does business with or plans to do business with. Your company may or may not actually do business with multiple countries, but for the purposes of the assignment, you should select at least one country in Asia, one in Europe, and one in Central or South America. For example, you might select China, Germany, and Brazil.
Next, think about the company you have selected and how it is structured. Assume that international business transactions are critical to the profitability and survival of your company. Consider how ethics and culture affect transactions with your international business partners and the strategies you should consider when entering those markets.
Develop and deliver an outline that:
? Identifies areas of international business law and practices and the information needs of your company. Although Module 1 does not cover all of the topics, the course overview, textbook, and information obtained from your company will help you develop the topics to be included in your outline.
? Includes the names of the functional areas or departments in your company that should be the recipients of this information and explain why they should be included.
Write the outline in a Microsoft Word document. Please use more resources (references).
Assignment: Course Project Task II
Research the Dispute Process
Research the dispute process and the requirements for the country you selected in Module 1. Explain the dispute resolution methods used in that country. Analyze the risks and benefits of each type of dispute resolution. In addition, evaluate how a U.S. Company's strategy or the company you have selected should be formulated to provide the most benefits with the least amount of risk.
Present the dispute resolution process by providing an overview of how disputes are handled and then providing specific instructions and legal requirements for your primary country you selected. If there is a preference or aversion to any type of dispute resolution, explain the type and analyze reasons behind the preference or aversion.
Evaluate how e-commerce affects your company. You can consider the following questions:
? What are the benefits and risks of e-commerce for your company?
? How should your company prepare for the risks?
? Which departments are affected by e-commerce?
? What information will be important for employees to know when conducting international transactions by e-commerce?
Show your research on alternative dispute resolution and e-commerce. Include links, references, and sources you have used and follow the proper guidelines for citing legal texts. Also provide a statement regarding which specific topics related to your research would be appropriate for inclusion in the International Business Law and Practices Guidelines document you are developing. Provide a rationale for your decisions.
Present your work in Microsoft Word document format. Please use more resources (references).
Note: With the increased ability and popularity of conducting business electronically, you may find that it affects topics covered in subsequent modules. Consider adding an e-commerce component to each segment of your final guidelines to demonstrate its impact on various transactions as it applies to that topic. Make note of any pending regulations or laws that could affect your company in the future.
At this time, it is acceptable if your information is more technical and not organized in the way you will ultimately present it finally. You will have time to move pieces around and to get better ideas of how you want to arrange the information over the course of your module-wise research.
Don't forget your audience. Not only does this project contain guidelines for use by the company, but it can also be a teaching tool. Even though each section may not apply to each employee, each topic should contain a short summary of the topic so that employees will have some knowledge of the issue even if it does not apply to them.
Assignment: Course Project Task III
Evaluate the Affect of International Trade Regulations
You will evaluate the affect of international trade regulations as well as U.S. import/export regulations on your company's business transactions. If your company trades goods or services with another country, there are laws that regulate the import and export of goods. Analyze the following regulatory issues that affect your company:
? How do U.S. import and export laws affect your company?
? Which departments play a role in imports and exports?
? Are your imports subject to duties, free trade agreements, or other regulations?
? Do your exports require licensing?
? Are there any restrictions on your company's imports or exports?
? What are the consequences for failure to follow import and export regulations?
? What is your company's policy on compliance with U.S. import/export laws?
? Make note of any pending regulations or laws that could affect your company in the future.
Now, analyze the following import/export requirements of the three countries you have selected:
? Who is responsible for ensuring that your company and any overseas branches, divisions, subsidiaries, or other related parties comply with the regulations of each country?
? What regulations affect the import and export of products for that country or countries?
Show your research on trade regulations. Include links, references, and sources you have used and follow the proper guidelines for citing legal texts. Also provide a statement regarding which specific topics related to your research would be appropriate for inclusion in the International Business Law and Practices Guidelines document you are developing. Provide a rationale for your decisions.
The solution is in the attached document.
The company selected is Magid Glove and Safety, LLC. The company's headquarters are
located in Chicago, Illinois. The organization manufacturers personal safety gear for
manufacturing. Magid already has an international presence, with locations in the Phillipines,
Mexico and Canada. The organization will expand to Korea, Brazil and the UK. Among the
company's product lines are gloves in leather, rubber and a variety of other Materials; raingear,
disposable wear, welding gear, chemical protection and high visibility gear. Back supports, knee
supports, body harnesses and protective eyewear are some of the additional offerings.
Workplace safety is a concern in most countries and various manufacturing facilities relied on
different types of equipment to keep workers safe. Other organizations need to become more
compliant and will need products that help them comply.
Magid Glove operates in a global environment. Within each location are varying legal
and ethical environments to consider. It cannot be assumed that the legal environment and
ethical guidelines embraced in the United States will apply in other parts of the world.
Executives and managers of Magid Glove are already aware of this, with existing operations in
Canada and Hong Kong. However, even countries within the same continent may be very
different, with respect to the business environment.
Doing Business in Korea
Korea has established legislation and efforts to guide business ethics. With the
establishment of the Korean Independent Commission Against Corruption in 2003 (Yoon, 2005),
the government is offering guidance and training to many sectors of business. Korean business
culture is resistant to change. Any change that does take place should occur over time. Much of
Korean business ethics and culture is based on Confucianism (World Business Culture, 2011).
Such an approach considers group harmony and friendships in business partnerships. The
business culture is slowly becoming more influenced by Japan, where quality and efficiency are
valued. Business culture in Korea is a mix of different value systems. Therefore, negotiations
should consider solutions that improve efficiency. However, they should consider how each
party will benefit and how the solution will create a sense of harmony. Negotiations will require
a balance of physical and social needs.
Doing Business in Brazil
Business culture in Brazil is less formal, in terms of meetings, schedules and time frames.
However, Brazilians value fashion, so suits and ties are expected in formal business meetings
and negotiations. Brazilian business culture emphasized personal relationships. Therefore,
getting to know associates and potential partners is critical, before engaging in negotiations
(Communicaid, 2009). Though Brazil has rules and standards in business, those rules are often
bent. This is a concept known as jeihito. Though Brazilians may bend the rules, a U.S. company
may still have to adhere to U.S. law. If a presence is established in Brazil, there may be some
leeway in certain regulations. However, Brazilians value family above everything else. Any
bending of rules that affects a worker's ability to maintain family relationships should be
avoided. Because Brazilians are risk averse, negotiations will likely take longer. Therefore,
ample time should be set aside for business negotiations in Brazil.
Doing Business in the UK
Business culture in the UK is similar to that in the U.S. However, some laws are stricter
and may have farther reaching consequences. The Foreign Corrupt Practices Act covers U.S.
firms conducting business overseas. The UK adopted the Bribery Act 2010, which covers
private sector business, as well as foreign officials. "The law's language "seems to mean that a
non-U.K. company could be held liable for bribery where no part of the conduct constituting the
bribery took place in the U.K" (Connor, 2010). Negotiations for Magid Glove in the UK should
be cautiously approached, to ensre that agreements do not appear as acts of bribery.
UK businesses are generally more multicultural than in the U.S. This means that
negotiations should not be approached as to make assumptions about ...
A project for international business law and practices guidelines are examined.