Assignment: Cultural Differences And Ethical Standards
Understanding cultural differences are critical to success in international business. A country's culture reflects and shapes its values, and each country adopts laws that reflect their prevailing ethical standards.
Consider the following scenario:
To assist the sale of your products in a particular foreign market, you are advised to pay a 10 percent commission to a go-between who has access to high-ranking government officials in that market. You suspect, but do not know, that the go-between will split the commission with the government officials who decide which goods to buy.
Using online library resources and the Internet to research the importance of understanding cultural differences in global business. Then, respond to the following:
· Should you pay the 10 percent commission? Justify your response.
· Does it make a difference if your competitors routinely pay such commissions? Explain why this may or may not have an impact on your decision.
· Do you think there should be more or fewer attempt to regulate international ethics? Why? Justify your answer using the research you have done in preparation for this assignment.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.