ch 03 doctored student

3 - *Copyright 2012 Pearson Education, Inc. publishing as Prentice HallImposedauthorityLack of constitutionalguaranteesRestrictedparticipationTotalitarianism Leaders govern without peoples support Government controls much of peoples lives Leaders do not tolerate opposing viewpoints


3 - *Copyright 2012 Pearson Education, Inc. publishing as Prentice HallForms of TotalitarianismTheocratic totalitarianism (totalitarian religious leadership)Secular totalitarianism (military and bureaucratic leadership)


3 - *Copyright 2012 Pearson Education, Inc. publishing as Prentice HallBusiness in Totalitarian NationsRisk Factors

Arbitrary nature of business can mean that laws are vague or do not exist

Bureaucrats may interpret laws however they wish


3 - *Copyright 2012 Pearson Education, Inc. publishing as Prentice HallDemocracy

Freedom of expressionPeriodic electionsFull civil, property rightsMinority rightsNonpolitical bureaucracies


3 - *Copyright 2012 Pearson Education, Inc. publishing as Prentice HallAnswer to Discussion QuestionTotalitarian governments tend to share: imposed authority, a lack of constitutional guarantees, and restricted political participation.Democracies strive to provide: freedom of expression, periodic elections, full civil and property rights, minority rights, and nonpolitical bureaucracies.


3 - *Copyright 2012 Pearson Education, Inc. publishing as Prentice HallArises from: Peoples resentment toward government

Territorial disputes between nations

Ethnic, racial, or religious disputesReduces ability to: Obtain materials and equipment

Manufacture and distribute products

Protect employees lives and firms assetsConflict and Violence


3 - *Copyright 2012 Pearson Education, Inc. publishing as Prentice Hall

Fly nonstop when possible and avoid unsecured areas of airports

During your stay, vary your routines and means of transportation

Keep a low profile and refrain from loud, flashy behavior

Give friendly but cautious answers to personal questions

Know local emergency procedures before trouble strikes

Security checklist for managers on business abroad:Terrorism and Kidnapping


3 - *Copyright 2012 Pearson Education, Inc. publishing as Prentice HallProperty SeizureConfiscationForced transfer of assets from a company to the government without compensationExpropriationForced transfer of assets from a company to the government with compensationNationalizationForced asset transfer to the government of an entire industry


3 - *Copyright 2012 Pearson Education, Inc. publishing as Prentice HallPolicies and LawsPolicy changes restrict:Local content requirements:Specify the portionof a good or service to be supplied by local firms Foreign ownership Investment levels Business activities


3 - *Copyright 2012 Pearson Education, Inc. publishing as Prentice HallDiscussion QuestionIncorporating political risk into business strategies by modifying operations, the product mix, or some other business element is called ____________.a. Specializationb. Globalizationc. Localization


3 - *Copyright 2012 Pearson Education, Inc. publishing as Prentice HallAnswer to Discussion QuestionIncorporating political risk into business strategies by modifying operations, the product mix, or some other business element is called ____________.a. Specializationb. Globalizationc. Localization


3 - *Copyright 2012 Pearson Education, Inc. publishing as Prentice HallTheocratic LawLegal tradition based on religious teachings

Islamic law Jewish law Hindu law


3 - *Copyright 2012 Pearson Education, Inc. publishing as Prentice HallGlobal Legal Issues IIntellectual propertyResult of intellectual talent and abilitiesPiracy/counterfeits a serious problem Patent Excludes all but the inventor from making, using, or selling the invention (WTO = 20 years)

Trademark Words or symbols that distinguish a product and its manufacturer ("Coca-Cola")

Copyright Freedom of creator to publish or dispose of original works as they choose ("Happy Birthday to You")


3 - *Copyright 2012 Pearson Education, Inc. publishing as Prentice HallBusiness Software PiracySource: Based on the Seventh Annual BSA and IDC Global Software Piracy Study (Washington, D.C.; Business Software Alliance, May 2010), Table 3, pp. 1415, (www.bsa.org/globalstudy).


3 - *Copyright 2012 Pearson Education, Inc. publishing as Prentice HallGlobal Legal Issues IIStandardizationInterpreting and applying laws uniformlyProduct safety and liabilityResponsibility for damage, injury, or deathTaxationIncome, sales, consumption, and VATAntitrust (antimonopoly) lawsPrevent market sharing, price fixing, and unfair advantage


3 - *Copyright 2012 Pearson Education, Inc. publishing as Prentice HallAnswer to Discussion QuestionIntellectual property rights are legal rights to resources that result from intellectual abilities and any income these resources generate. Like other types of property, intellectual property can be traded, sold, and licensed in return for fees and/or royalty payments. Intellectual property laws are designed to compensate people whose property rights are violated.


3 - *Copyright 2012 Pearson Education, Inc. publishing as Prentice Hall

Fight to eliminate bribery and corruptionImprove labor conditions and guard human rightsPractice fair trade to help the disadvantagedProtect the environment and conserve resourcesSocial Responsibility IssuesGo beyond legal obligations to balance commitments to investors, customers, communities, and other companies


3 - *Copyright 2012 Pearson Education, Inc. publishing as Prentice HallInternational Relations

Stable business environments

Improved business communications

Efficient distribution systems

Expanded opportunities

Diminished risk levels

Prompt and equitable dispute resolutionFavorable international political relations foster:


3 - *Copyright 2012 Pearson Education, Inc. publishing as Prentice HallDiscussion QuestionThe philosophy of business ethics and social responsibility conveyed by the expression, When in Rome, do as the Romans do, is called the __________ view.a. Righteous moralistb. Cultural relativistc. Utilitarian


3 - *Copyright 2012 Pearson Education, Inc. publishing as Prentice HallAnswer to Discussion QuestionThe philosophy of business ethics and social responsibility conveyed by the expression, When in Rome, do as the Romans do, is called the __________ view.a. Righteous moralistb. Cultural relativistc. Utilitarian


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ch 03 doctored student

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