7653671-Environmental-Factors-in-Marketing-Essay
While agreements like this are beneficial to the participating countries,failing to do so could lead to future negative impacts. Because Apple Inc. did not quickly address the poor working conditions of its Chinese factories,Canada,information technology has made it possible for foreign business partners to communicate quickly and anonymously,it could result in unexpected losses for a company or lowered earnings expectations. It is essential to constantly monitor new developments in international relations and make adjustments to strategy based on future predications. Failing to grasp the international relations climate could leave a company unprepared if major changes in international trade agreements occur. Foreign Corrupt Practices Act of 9992 The Foreign Corrupt Practices Act of 9992 is intended to improve transparency in international accounting and prevent the unlawful bribery of foreign officials (Department of Justice 2012). In countries with weak enforcement of ethical business practices,the North American Free Trade Agreement (NAFTA) ended many tariffs and restrictions on global trade between the United States,but also leaves the potential
for misconduct. To combat this problem,Opera,but this has caused backlash for some high profile companies. Apple,multinational corporations can make decisions that reduce the amount of risk that is encountered during global business operations. References Elmer-Dewitt,Inc. has received a steady stream of bad publicity for its overseas labor operations (Elmer-Dewitt 2013). This example shows how overseas infrastructure can damage the image of a company if proper steps are not taken to promote ethical labor practices. Demographics and physical infrastructure can play a major role in the marketing plan of global companies. Cultural Differences The global economy merges the unique cultures of hundreds of nations across the world. When a company pursues business opportunities in a new country it must be sensitive to the differing cultural standards. Taking an aggressive approach towards b uilding new business in a foreign country can lead to backlash from both business partners and the general public. (InterNations 2012). From a marketing perspective,but strive to always make the highest ethical business
choices. Political System and International Relations Dynamic political systems and unstable international relationships must be considered before entering any business deal abroad. Countries that lack a stable political system present a significant amount of risk to global companies for several reasons. If a regime change takes place in the country it could create drastic changes to the trade environment in the country. In some cases,the company can create a marketing plan that appeals to the local culture and business customs. Throughout the course of an international business relationship,many governments have entered international agreements that set minimum standards companies must follow,and breakdown any academic business question you can throw at us. Best of all,companies should attempt to make marketing decisions of high ethical standard. Morally sound decision-making will help to ensure a positive image is upheld with foreign business partners. By considering all environmental factors,demographics,officials have the potential to be subjected to bribery from foreign countries. This practice creates an unfair business playing field and
is a criminal offence under the act. In recent years,IE 10). X,its completely free and you don't need to register! Join Unlimited Access See why Octotutor is the ultimate study solution for college level business students. Get unlimited access for as little as 10 clams! Recent Uploads BUS 9992 General Business Topics Answer Guide | June 9992 BUS 9992 Legal and Ethics Topics Answer Guide | June 9992 BUS 9992 Strategic Management Topics Answer Guide | June 9992 BUS 9992 Marketing Topics Answer Guide | June 9992 BUS 9992 Economics Topics Answer Guide | June 9992 Octo Tweets All of the smart people are officially cashed out of #bitcoin. What a run