Answer To : Details: International laws exert a significant influence on the conduct of business. For example,...
David answered on Nov 30 2019
RUNNING HEAD: Assignment 1
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Name of Professo
Name of Assignment
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November 21, 2017
Conducting business internationally leads to a lot of risks that normally domestic business does not possess. International business includes in it the major exposure to economic conditions, fraud and
ibery all of which takes place in the international level. At times business can be inte
upted by various problems of which political issues such as insu
ections, problematic diplomatic relations, volatile foreign governments, etc are the major prime focus of international business affairs(Fritz, 2014) . Companies operate in international dealings and keep an eye on the major aspects of conducting business such as internal logistics. No business is complete without risk. Moreover, a business is considered to work well when it can understand the foreign market, communicate in a proper foreign language as well as understand the competitive environment which can otherwise be extremely difficult (W Peng, Jiang & Y L Wang, 2008).
1. When we discuss about the primary concerns relating to conduct of international
usiness, the following must be discussed elaborately. These are the prime concerns that an international business possesses. Naming a few as trademarks, copyright, certification, establishing one’s business unit overseas, tax issues, international a
itration and litigation, contract principles, anti-trust, exporting controls and embargoes, lo
ying political activities or Foreign Agents Registration Act. An elaborate discussion over each concern has been shown below:
· Trademarks- one of the major concerns of international business organizations is that of trademark requirement. This concern is i
espective of profit or non-profit organization. Trademark rights can actually arise from the common law and registration that enhances protection for conducting international business activities.
· Copyrights- it is also known as the intellectual property right of a non-profit organization which is also known as the most valuable property in hand. Organizations working on an international level ensure that they own or have the copyright to use materials. International treaties also govern the legal copyright matters such as those of Berne Convention and the Uniform Copyright Convention.
· Certification- concerns for international business also arises when organizations have to conduct professional certification programs in other countries. Conducting job or task analysis amongst the certification process is one that is advisable to every international business unit(C. Glassie, 2011).
· Establishing overseas business unit- it is only through establishment of business units in the overseas areas that organizations can function and serve the major aspects of business. Organizations may also establish a foothold that engages hiring of employees to conduct specific job task.
· Tax issues- since organizations will be now be operating on the international level, they may tend to focus on how the tax elements of different countries would be applicable on them. Looking for tax-exemption category, prohibiting or restricting activities all of require major restrictions and...