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Legal and Ethics

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Submitted By tphillips2009
Words 1422
Pages 6
Tina Phillips
MGM365-1204A-07
The Legal and Ethics of Business
Professor Cassandra Hart
Individual Project 5
November 12, 2012

Businesses are becoming increasingly global because of enormous advancement in technology, communication means and transportation facilities. The idea of doing business with other countries is certainly a great move for organizations as now they can make more money and profit.
Ethical implementation plans, are a mode to get employees educated as a company adopts a universal policy to explain how employees should act and set guidelines and punishments for improper behavior.
While implementing an ethical conduct plan an organization must consider certain factors that are of great importance. Cultural differences should be kept in mind. The differences of body languages, cultural norms and values, ones beliefs, meanings of words, if does not acknowledge then will lead towards disputes that are bad for any business. Educate the employees and other people associated with business that how can they neutralize the risk, those engaged in foreign assignments should be well known with the tricks. National and international government rules and regulations will vary, so it’s very necessary to closely look at all these things, read and become aware of laws of the respective country.
Legal requirements should reflect a codified ethics prevailing in the society and ensures that it represents the main notions of business righteousness, justice and fairness. All the business activities should be taken place within the framework of defined law and all the decisions should embrace the legal rules and regulations. Regulations should be valid and suitable that simply reflects the ethical standards (Ethical challenges for business in the new Millennium: corporate social responsibility and Models of management morality).

While doing business overseas

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