BUS311 LAW Resond to peers (LG.) Due Friday June 16th

Review your peer’s posts. Respond by describing whether you agree with their predictions or if you see the issues differently. Explain. You must cite at least one and reference. 

Read the post and respond and directed above: 

1st-  Levon GreenGovernments attempt to control foreign businesses operating within their borders by making rule about how items and or services are coming in. There are treaties in place for the U.S. that governs over business dealings with other countries. “A treaty is an agreement or contract between two (bilateral) or more (multilateral) nations that must be authorized and ratified by the government of each nation. Some notable examples of treaties relating to business are the North American Free Trade Agreement (NAFTA)and the General Agreement on Tariffs and Trade (GATT). Both are the subject of considerable disagreement as to whether they are good or bad for the U.S. economy” (Rogers, 2012). When doing business in other countries, the U.S. businesses can sometimes run into issues. One issue that comes to mind is the welfare of the employees in the other country. Is the U.S. business promoting bad working environments by doing business over there versus doing business here in our own country with our unemployed citizens? I would assume the business owners here in the U.S. would want to promote positive work environments and helping our own country before going outside our borders. If a business does decide to do business elsewhere I feel they should consider many facts about that business. Another issue with U.S. companies doing business in other countries would be if the other country has the same care for our environment as we do. “Much environmental law is statutory, such as the federal Clean Air Act and Clean Water Act. The Environmental Protection Agency (EPA), created in 1970, has the primary responsibility for passing rules to implement such laws and for bringing actions against those who violate the law. States also regulate in this area; for example, many of the laws that require recycling are state or local in origin” (Rogers, 2012). U.S. companies need to take into consideration how these other countries are treating our waste and if it is up to the same standards we have here in the states.

Reference:

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

2nd

How do governments attempt to control foreign businesses operating within their borders?

One way Governments implement control with foreign businesses can be attributed to treaties and agreements such as the General Agreement on Tariffs and Trade (GATT) which was created to reduce trade barriers and tariffs between other nations (Rogers, 2012). Being in the military I know that the US has entered into a Status of Forces Agreement (SOFA) with many of our partner nations.  When I was deployed to Japan and Italy we were protected under this agreement between these nations which basically ensured we would still have the rights of a US Citizen even in those foreign 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.