Describe the responsibilities and ethical concerns that you feel are important for U.S. companies to consider when doing business in other countries.

When U.S. companies do business in other countries, what issues do they face?

U.S. companies have made costly mistakes by not adequately researching international markets before they commit resources there. Identifying the true needs of large numbers of people in a foreign country is not easy. Not having lived in their culture experiencing their day-to-day lives, American marketing executives can err by assuming that what people in other countries want or need exactly matches the wants and needs of American consumers. The traditional pace of business negotiations can be different. Americans sometimes want to hurry negotiations along, whereas in some other countries emphasis is placed on building relationships before a business deal is seriously considered. Distance and Time Even with technologies such as video conferencing, executives in other countries may prefer to establish relationships on a personal level. Time zone differences can make it difficult to coordinate projects where collaboration is required.

Describe the responsibilities and ethical concerns that you feel are important for U.S. companies to consider when doing business in other countries.

I believe if a company wants to do business in another country for whatever reason they have responsibility to learn as much as they can about that host country.  This includes learning the language, culture, religion, and laws to name a few.  I believe the more you know about that country the more successful your business can be with operations there.

References:

Rogers, S. (2012). Essentials of Business Law. San Diego, CA: Bridgepoint Education, Inc

Discussion 2 Week 5 The Global Marketplace

Governments attempt to control foreign business by treaty which is a contract of two or more countries that is authorized and ratified by each of the governments of the different nations.  There can also be international organizations created such as the North Atlantic Treaty Organization or NATO for short which deal with a variety of issues. (Rogers, 2012)

Some of the issues that the United States companies that do business with other countries are comity, sovereign immunity, the Doctrine of “The Act of State,” and exporting. (Rogers, 2012).  Sometimes labor laws and other regulations may have U.S. companies going over to other countries and working inside that country because labor costs are less.  They may think they can skirt around environmental issues we have here in the U.S. or work conditions of the employees.

I think the United States must consider the people of the other country they are doing business in so as not to take advantage of them.  They need to apply the same rules and regulations they would here in the U.S. to be ethically and morally correct.  They need to respect the countries environment as they would be regulated to do in the U.S.  Simply put they should treat the other country with the same respect the United States demands.