What are ethical considerations a business would need to evaluate before making a profit in a foreign country? What would be a good example of this?© BrainMass Inc. brainmass.com March 5, 2021, 1:19 am ad1c9bdddf
There are two primary, ethical considerations a business must evaluate before making a profit in a foreign country: wages and working conditions. In many foreign countries, there are no minimum wage standards nor governing agency to act as "watchdog" in how employees are paid. If a business has a policy regarding compensation strategies, such as paying employees at least 90% of the comparative job market for similar positions and valuing longevity via some form of additional pay incentive, these foundations should not be ...
This solution is over 300 words and includes on a reference, on two critical considerations any business must have when branching into production within a foreign country: employee compensation and working conditions. The business must decide at what "expense" it is willing to go for a profit. The solution analyzes what is often viewed as "norms" in foreign countries when it comes to employee treatment, versus what is right.