What can American companies do to protect themselves and still be competitive in other countries while staying within the Laws and Ethics of the Home and Host Country? Is it possible?
Examine the requirements for successful management of a Global Business. In your opinion what are the advantages and disadvantages of a company going global.© BrainMass Inc. brainmass.com June 3, 2020, 11:42 pm ad1c9bdddf
What can American companies do to protect them and still be competitive in other countries while staying within the Laws and Ethics of the Home and Host Country? Is it possible?
American companies can protect themselves and still be competitive in other countries within the Laws and Ethics of Home and Host Countries. There are several steps that American countries can take to remain competitive when going global. The first action is to select a country for expansion that has the reputation of being less corrupt. This information is easily available. Next, the American company should appoint agents for getting licenses and permissions to do business. These agents receive payments officially and so
American companies do not get into a situation where bribes are demanded directly. Also, the American companies should warn its employees not offer bribes to any foreign official. From the deontological ...
This answer provides you an excellent discussion on Ethics