Back to School Offer

Get 20% of Your First Order amount back in Reward Credits!

Get 20% of Your First Orderback in Rewards

All papers examples
Get a Free E-Book! ($50 Value)
HIRE A WRITER!
Paper Types
Disciplines
Get a Free E-Book! ($50 Value)

What Should a Firm Do When an Accepted Practice in a Foreign Country Is Illegal in Its Own Country? Essay Example

Pages: 2

Words: 585

Essay

It is contradictory when a firm’s activities and operations deemed illegal in its home country become legal in a foreign country. A country is put in anxious situation when faced with the challenges of having to conduct business in a country where business practice laws contradict with those of the home country. Generally, laws relating to business practice appear similar in all countries since they are guided by the code of ethics and conduct in the various professions (Higgs, 2009). In the world of business, firms need to execute operations concerning the local laws. Even if, the activities are illegal in its country, as long as the local laws permit the same, it should go ahead and run its business. However, the organization should not engage in activities that go against its ethical standards.

It is essential to put in mind that corruption is rampant in various government departments. Henceforth, it is expected that local government leaders will accept bribes in the form of cash, donations and grants to allow such firms and companies practice in their localities. When faced with such a dilemma, a firm should not execute operations according to the firm’s code of ethics (Hauplman, 2010). The corruption can extend to include determination of who to work in the firm (Schaffer et al. 1999). The best for the firm to do is to run the business as long as it complies with the laws of the local government and respects the rights of employees.

Countries may differ in the legislation of laws; hence, a company should execute only those operations that are not against the organization’s ethical standards. Whether the operations the firm is undertaking are illegal in its country or not, the safety of the workers comes first. The firm needs to ensure that workers are safe. It is possible to have a company run legal activities, but violate the rights of the workers. The firm should implement its safety policies and adhere to the local requirements (Miller & Cross 1999). Despite the fact that the practice is illegal in the home country, it is good for the firm to ensure it sticks to the environmental policies of the foreign country. This will help display its corporate responsibility and ethical level.

In addition, the firm should execute operations in accordance to the local laws despite termed as illegal in their home country. International co-corporations such as the International Chamber of Commerce provide rules and guidelines of conducting business among member states. Firms can adopt such rules as a blueprint for directing their activities. These firms should also comply with the News Corporation Global Anti-Bribery and Anti-Corruption Policy. This policy provides a subway on to what is termed as legal and illegal business. Firms should ensure that they comply with this policy since it defines the appropriate business action aimed at reducing corruption, which leads to the operation of illegal businesses in any state (Robert, 1998).

References

Business guide to the world trading system (2nd Ed.). (1999). Geneva: International Trade Centre.

Hauplman, D. (2010, April 18). Challenges in Project Management. Journal of Project Management, 6(27), 5-8.

Higgs, D. (2009, December 16). Ethics in Management. Jornal of Enterpreneurs, 14(32), 8-12.

Miller, R. L., & Cross, F. B. (1999). The legal environment today: business in its ethical, regulatory, and international setting (2nd Ed.). Cincinnati, Ohio: West Educational Pub. Co.

Robert, G. (1998). Project Mangement (Vol. 4). New York: Morroww Printing Press.

Schaffer, R., Earle, B., & Agusti, F. (1999). International business law and its environment (4th Ed.). Cincinnati, Ohio: West Educational Pub. Co.

Time is precious

Time is precious

don’t waste it!

Get instant essay
writing help!
Get instant essay writing help!
Plagiarism-free guarantee

Plagiarism-free
guarantee

Privacy guarantee

Privacy
guarantee

Secure checkout

Secure
checkout

Money back guarantee

Money back
guarantee

Related Essay Samples & Examples

Prevent terrorist strikes on American soil, Essay Example

Goal, Objectives, and Strategies The Department’s goal is to protect the homeland by thwarting terrorist threats and implementing emergency plans. These are the Department’s top [...]

Pages: 1

Words: 412

Essay

Science and Technology and Nation-Building, Essay Example

Science plays a pivotal role in technology. The combination of science and technology (S&T) results in the development of new knowledge used to improve human [...]

Pages: 3

Words: 768

Essay

Plato’s Portrayal of Socrates and the Historical Socrates, Essay Example

Socrates, the Athenian philosopher, changed how philosophers thought about the world. However, modern audiences believe that Socrates did not write any of his ideas down [...]

Pages: 5

Words: 1285

Essay

Ambiguity, Essay Example

The New Task I am Proposing My proposal is a promotion at work. I am a Business Development Associate at Universal New York, NY. My [...]

Pages: 1

Words: 278

Essay

Narratives That Shape Our World, Essay Example

The context and the values in the text Othello by William Shakespeare have shaped me in perspective through the main character Othello. I perceive life [...]

Pages: 6

Words: 1574

Essay

Cyber Security Career Path, Essay Example

Background The field of technology is quite intriguing. It’s fascinating to see how different technologies operate and what they have in common. It amazes me [...]

Pages: 7

Words: 1796

Essay

Prevent terrorist strikes on American soil, Essay Example

Goal, Objectives, and Strategies The Department’s goal is to protect the homeland by thwarting terrorist threats and implementing emergency plans. These are the Department’s top [...]

Pages: 1

Words: 412

Essay

Science and Technology and Nation-Building, Essay Example

Science plays a pivotal role in technology. The combination of science and technology (S&T) results in the development of new knowledge used to improve human [...]

Pages: 3

Words: 768

Essay

Plato’s Portrayal of Socrates and the Historical Socrates, Essay Example

Socrates, the Athenian philosopher, changed how philosophers thought about the world. However, modern audiences believe that Socrates did not write any of his ideas down [...]

Pages: 5

Words: 1285

Essay

Ambiguity, Essay Example

The New Task I am Proposing My proposal is a promotion at work. I am a Business Development Associate at Universal New York, NY. My [...]

Pages: 1

Words: 278

Essay

Narratives That Shape Our World, Essay Example

The context and the values in the text Othello by William Shakespeare have shaped me in perspective through the main character Othello. I perceive life [...]

Pages: 6

Words: 1574

Essay

Cyber Security Career Path, Essay Example

Background The field of technology is quite intriguing. It’s fascinating to see how different technologies operate and what they have in common. It amazes me [...]

Pages: 7

Words: 1796

Essay

Get a Free E-Book ($50 in value)

Get a Free E-Book

How To Write The Best Essay Ever!

How To Write The Best Essay Ever!