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Paying attention to prohibited trade practices

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By paying attention to prohibited trade practices and affirmative defenses of companies whose stocks are traded on the U.S. securities exchanges, I need help discussing how differing laws and practices regarding acceptable trade practices among various countries might advantage or hinder U.S. companies seeking to expand operations globally.

And how might these differences affect the ability of U.S. companies to compete against entities in other countries?

I also need help developing response to the following:

Does optimizing operations in a global environment work at cross-purposes to the traditional domestic perspective of organizational well-being? Should domestic entities adopt organizational or operational philosophies and processes that call for efficiency, success, and cross-cultural acceptance? Justify your answer with support from the literature.

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Solution Summary

The response provides you a structured explanation of how US companies should refrain from disallowed practices when they expand abroad. It also gives you the relevant references.

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By paying attention to prohibited trade practices and affirmative defenses of companies whose stocks are traded on the US securities exchanges, differing laws and practices will advantage US companies when they expand their operations globally. For example bribing abroad is prohibited by the Foreign Corrupt Practices Act (2). This prohibited trade practice may lead to short term barriers to global expansion but when a firm refuses to pay bribes it develops a reputation for fair dealing and good quality. Even those that refuse business because they have not been bribed respect the company that ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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