Addressing International Legal And Ethical Issues Simulation Analysis
Addressing International Legal and Ethical Issues Simulation
Gabriel Berumen
LAW/421
April 01, 2015
Prof Danielle Diaz
Addressing International Legal and Ethical Issues
There are many regulations and guidelines that must be taken into consideration when stepping into the world of international business. “Whether acquiring assets in the U.S., forming a joint venture with an Asian company, or enforcing a contract provision with a European supplier, businesses need lawyers who have demonstrated experience and an understanding of all the factors that can make or break a business opportunity.” (White And Williams LLP, 2015). The simulation takes us through an international relationship that faces many obstacles. It analyzes “the political, …show more content…
These issues are legal, ethical, and cultural traditions. In order to successfully conduct business in a foreign country, you must learn and understand the legal aspects of the host country. Local laws can help advance the success of the company, but it could also jeopardize current and future business. An important issue that can arise and in many situations is cultural beliefs and practices. Some countries have cultural traditions, such as the male growing a beard throughout his adulthood. This would be something to keep in mind if a food distributor plans on doing business in these countries. Ethical issues can also become a problem when a decision is required to be made which could mean financial success, but possibly cross the line of ethical values. These are only a few of many issues that can steer a business in either a positive or negative …show more content…
It is definitely something that needs to be a part of the contract agreement, as stated in the Legal Action section of this paper. In my professional experiences, I have had the opportunity to deal with international relations many times. The one thing that was common between all of my experiences is that we were educated on the local culture. We were also trained on how it would affect our normal business tasks. The key to every experience was that we were the visiting country and had to abide by the local country’s customs. There were specific legal guidelines in our contract agreement, but political and cultural traditions were always recognized. From the business viewpoint, the visiting country wants to pass on the image that they respect the local country. Most of business is driven from relationships built outside of the business realm. Another important point to raise is that the purpose of starting a business in a foreign country is make money. You cannot do that by disrespecting their cultural customs and
Gabriel Berumen
LAW/421
April 01, 2015
Prof Danielle Diaz
Addressing International Legal and Ethical Issues
There are many regulations and guidelines that must be taken into consideration when stepping into the world of international business. “Whether acquiring assets in the U.S., forming a joint venture with an Asian company, or enforcing a contract provision with a European supplier, businesses need lawyers who have demonstrated experience and an understanding of all the factors that can make or break a business opportunity.” (White And Williams LLP, 2015). The simulation takes us through an international relationship that faces many obstacles. It analyzes “the political, …show more content…
These issues are legal, ethical, and cultural traditions. In order to successfully conduct business in a foreign country, you must learn and understand the legal aspects of the host country. Local laws can help advance the success of the company, but it could also jeopardize current and future business. An important issue that can arise and in many situations is cultural beliefs and practices. Some countries have cultural traditions, such as the male growing a beard throughout his adulthood. This would be something to keep in mind if a food distributor plans on doing business in these countries. Ethical issues can also become a problem when a decision is required to be made which could mean financial success, but possibly cross the line of ethical values. These are only a few of many issues that can steer a business in either a positive or negative …show more content…
It is definitely something that needs to be a part of the contract agreement, as stated in the Legal Action section of this paper. In my professional experiences, I have had the opportunity to deal with international relations many times. The one thing that was common between all of my experiences is that we were educated on the local culture. We were also trained on how it would affect our normal business tasks. The key to every experience was that we were the visiting country and had to abide by the local country’s customs. There were specific legal guidelines in our contract agreement, but political and cultural traditions were always recognized. From the business viewpoint, the visiting country wants to pass on the image that they respect the local country. Most of business is driven from relationships built outside of the business realm. Another important point to raise is that the purpose of starting a business in a foreign country is make money. You cannot do that by disrespecting their cultural customs and