560- post and responses 2
INeal
560forresponseW2.docxBonnie Gibson
Discussion 2
Chapter 5
Suggest some cautions that an individual from a relationship oriented culture should bear in mind when dealing with someone from an information orientated culture.
Relationship-oriented societies usually have a long shared history where networks of connections are passed on from generation to generation, generating more shared context among community members (Meyer, 2014). When dealing with someone from an information oriented culture they tend to be low-context. In low-context cultures, communication is simple, clear, and explicit in order to effectively pass the message. As globalization transforms the way we work, we need to have the ability to decode cultural differences in order to work effectively with clients, suppliers, and colleagues from around the world (Meyer, 2014).
Differentiate among the following: bribery, extortion, lubrication and subornation.
Bribery is the use of funds usually illegally, to influence decisions made by public employees and government officials. There are limitless variations grouped under bribery including; extortion, lubrication, and subordination. The difference between bribery and extortion is determined by whether the payment was volunteered (bribery) or demanded (extortion). Bribery is a volunteered payment by someone seeking an unlawful advantage. Extortion is payments extracted under duress by someone in authority from a person seeking only what he or she is lawfully entitled to. Lubrication and Subornation are two additional variations of bribery. Lubrication involves a relatively small sum amount of cash, gift, or service given to a low-ranking official where such offerings are not against the law. These offerings accompany a request for a person to be more efficient and complete a job faster. Subornation involves a larger sum of money that is not accounted for to entice an official to commit an illegal act. Subornation is often a request for officials to not do their jobs, turn their heads or break the law (Cateors et al., 2020).
Chapter 6
Expropriation is considered a major risk of foreign business. Discuss ways in which this particular type of risk can be minimized somewhat as a result of company activities. Explain how these risks have been minimized by the activities of the U.S. government.
Expropriation is the seizure of an investment by a government in which some reimbursement is made to the investment owner; the seized investment often becomes nationalized. Expropriation can lead to nationalized businesses that are inefficient, weak technologically, and noncompetitive in world markets. To minimize this risk today many countries often require prospective investors to agree to share ownership, use local content, have labor-management agreements, and share participation in export sales as a condition of entry. The U.S. government is motivated to encourage firms to seek business opportunities in other countries worldwide. It seeks to create a favorable business climate by assisting to minimize the risk of business abroad by creating agencies to help U.S. business compete in the global market (Cateors et al., 2020).
Control Risk Group (CRG)
Control Risk Group (CRG) is a risk consultancy committed to helping clients build secure, compliant, and resilient organizations in the age of ever-changing risk and connectivity. Operational security services are based on an individual organization; identifying specific risks to provide targeted security. CRG creates an integrated approach to corporate security helping to allocate resources where they are most needed. Compliance is important and complicated as overlapping regulatory regimes extend their reach across multiple sectors. CRG can help to build an embedded compliance culture that can adjust to the changing demands of global business and regulators. CRG can help a business to anticipate, prepare, respond and recover in the face of disruptive and increasingly digital change. Building the system and training the organization to respond to situations properly to be resilient in the ever-changing environment (controlrisks.com).
References
Cateora, P.R, Money, R.B., Gilly, M.C., Graham, J.L. (2020). “International Marketing Eighteenth Edition.” McGraw Hill Education
Control Risk Group (n.d.). Our Services. Retrieved June 6, 2021. https://www.controlrisks.com/
Meyer, E. (2014). The Culture Map. Breaking through the Invisible Boundaries of Global Business. Public Affairs.
Kelly Moltmaker
D.B 2
Chapter 5
17. Suggest some cautions that an individual from a relationship-oriented culture should bear in mind when dealing with someone from an information-oriented culture.
Some cautions that an individual from relationship-oriented culture should bear in mind when dealing with someone from an information-oriented culture is that the person belonging to information-oriented culture are only concerned with the availability and transferring of knowledge and information and they hardly pay attention towards relationship building and nurturing. An individual from information-oriented culture is not looking to stretch and strengthen business relationships with other people as their only motive is to take and give information and move on. Information-oriented culture stands for the culture in which a lot of importance is given the information sources and points and the amount of information received and exchanged determines the culture that exists at the place.
19. Differentiate among the following:
Bribery: stands for the illegal giving and taking of money for getting things done.
Example: paying money to an official to skip tax return
Extortion: stands for the criminal practice in which especially money is obtained using force and threats.
Example: a finance minister of a country demanding heavy payments under the threat that a contract for millions of dollars would be voided.
Lubrication: involves a relatively small sum of cash, a gift, or a service given to a low-ranking official in a country where such offerings are not prohibited by law.
Example: A small payment made to dock workers to speed up their pace so that unloading a truck takes a few hours rather than all day
Subornation: involves giving large sums of money designed to entice an official to commit an illegal act on behalf of the one offering the bribe.
Example: to obtain wrong and falsified statement from a witness of certain crime or act is subornation
Chapter 6
10. Expropriation is considered a major risk of foreign business. Discuss ways in which this particular type of risk can be minimized somewhat as a result of company activities. Explain how these risks have been minimized by the activities of the U.S. government.
The risk of expropriation is minimized by the following ways:
· Encouraging local investment in the business: The risk of expropriation is minimized when foreign companies encourage local investors to invest in their business.
· Putting strict pressure through the country of the expropriated firm: The country of the expropriated firm stops the supply of resources to the host country unless and until they agree to release the firm.
· Change in foreign government’s attitude toward expropriating: This can be done by hiring people of the host country on the job.
16. Select a country and analyze it politically from a marketing viewpoint.
India is one of the largest consumer markets in the world. India is a democratic country and hence, every political and individual personality has the right to speak their minds. For example, the company ‘Fair & Lovely’ is India’s largest selling skin lightening cream. One said this product “built upon, perpetuated and benefited from internalized racism and promotes anti-blackness sentiments amongst all its consumers” (Pandey, 2020). With this in mind, the company has renamed its best-selling ‘Fair & Lovely’ products as ‘Glow & Lovely’. From a marketing viewpoint, the company wants to feature women of different skin tones, representative of the variety of beauty across India and other countries. In addition, from a social media standpoint, this can be a form of discrimination against communities and can hurt the company overall. This shows how rules and regulations impact the marketing of companies. Marketers have to make sure that they do not fail to perform the company’s operation after undertaking the policies made by the government.
https://www.bbc.com/news/world-asia-india-53182169
https://www.bloombergquint.com/business/fair-and-lovely-gets-a-new-name-glow-and-lovely#:~:text=Add%20to%20Watchlist-,Hindustan%20Unilever%20Ltd.%20has%20renamed%20its%20best%2Dselling%20'Fair,an%20exchange%20filing%20on%20Thursday.
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