Environmental Factors Paper Stephanie Sheridan MKT/421 October 8, 2012 Michael Ricco (Doctoral students must include the following on the title page instead: title, author’s name, and institution name) Environmental Factors Paper Ikea, one of the largest big box chain stores in the United States and abroad is affected by both global and domestic environmental factors. These factors, along with changes in technology, all impact and shape the organization and affect marketing decisions
Words: 1226 - Pages: 5
Business Law One source of American law is Administrative law, which: • consists of rules, orders and decisions of administrative agencies • Now affects almost every aspect of a business’s operations • Is both state and federal Regarding case law, which is one source of American law, which of the following is NOT true? Case law is: • Based on a particular case decided in 1787 One particular uniform law which promotes commerce was first issued in 1952, and has been adopted by all fifty states
Words: 1425 - Pages: 6
and have questions to ask yourself if you are being bribed. This can really help a company because it looks good on their part. It shows people that they cannot be bought or paid off. It is also good to have a punishment if a violation is found. The FCPA fines companies or even gives the person or persons jail time. This a good law to look at because it gives a good definition of bribery, making payments to foreign officials for the purpose of obtaining or retaining business. The U.S states a punishment
Words: 253 - Pages: 2
Environmental Factors Many factors affect the marketing decisions of an organization. These factors can include trade practices, cultural differences, and the political systems in different countries. Wal-Mart, having expanded their operations to 27 different countries, must keep these factors in mind when making marketing decisions. Global economic interdependence and trade practices Global interdependence is mutual dependence at a global level. Wal-Mart maintains a simple and effective marketing
Words: 1580 - Pages: 7
defense of this entertainment was that there was no direct payment to the Russia oil executives, and therefore not a violation of the Foreign Corrupt Practices Act. Do you think this is a violation of the FCPA? There is no exchange of payments, but is such elaborate entertainment acceptable under the FCPA? (30
Words: 1598 - Pages: 7
Check Point: Business Ethics and Globalization Organizational Ethics and Social Responsibility July 12, 2013 Karen Heyse Globalization by definition is “the state of being globalized especially : the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets”. In knowing the definition of globalization it is there are many things that could be unethically incorrect in regards to globalization
Words: 444 - Pages: 2
in International and Domestic Business: Foreign Corrupt Practices Act. Discuss with your Learning Team the compliance issues associated with the Foreign Corrupt Practices Act. The challenge for many companies is how to identify and reduce the FCPA risks posed by employees and non-employees who may not understand the many nuances of anti-corruption and anti-bribery laws and policies. . Compliance programs have not been spared (though decreases in compliance budgets have not been as steep
Words: 321 - Pages: 2
income decreased by 3.1%. The decrease in operating income was the result of several increased expenses in 2013. These expenses included increased investments in e-commerce initiatives, increased expenses related to the Foreign Corrupt Practices Act (FCPA) inquiries and investigations, global compliance program, and organizational enhancements (Wal-Mart, 2014). The global strategy for Wal-Mart is “Every Day Low Cost” because Wal-Mart believes in helping people save money and stretching their paychecks
Words: 252 - Pages: 2
Vijay Reddy Husson University BA 620 – Project 3 –Company Analysis 2/23/15 Spring 2015 Professor Shayne Question 1 Response All required documents are attached Question 2 Response WMT business strategy, goals & objectives: According to page 5 of the 2014 Annual Report, Wal-Mart’s goals and objectives include: “positioning to serve customers, expand opportunities for store associates;
Words: 1148 - Pages: 5
cultures is not the only dilemma at hand. One main concern is dealing with payoffs and bribes. This kind of ethical issue can cause serious problems. Because of the frequency of this issue the US congress passed the Foreign Corrupt Practice Act (or FCPA) in hopes of prohibiting the bribery involving US corporations. This brings up another money saving/ethical issue commonly known to globalization, loss of jobs from 1st world countries. It is true that sometimes products cost less to make in other
Words: 369 - Pages: 2
