80.2K

Verified Solution

Link Copied!

Initial Postings: Read and reflect on the assigned readings for the week. Then post what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding in each assigned textbook chapter.Your initial post should be based upon the assigned reading for the week, so the textbook should be a source listed in your reference section and cited within the body of the text. Other sources are not required but feel free to use them if they aid in your discussion.

Also, provide a graduate-level response to each of the following questions:

Should an MNC Reduce Its Ethical Standards to Compete Internationally?

Point: Yes. When a U.S.-based MNC competes in some countries, it may encounter some business norms there that are not allowed in the United States. For example, when competing for a government contract, firms might provide payoffs to the government officials who will make the decision. Yet in the United States, a firm will sometimes take a client on an expensive golf outing or provide skybox tickets to sporting events; this practice is no different than making a payoff. If the payoffs are bigger in some foreign countries, the MNC can compete only by matching the payoffs provided by its competitors.

Counter-point No. A U.S.-based MNC should maintain a standard code of ethics that applies to any country, even if it is at a disadvantage in a foreign country that allows activities that might be viewed as unethical. In this way, the MNC establishes more credibility worldwide.

Who is Correct? Use the Internet to learn more about this issue. Which argument do you support? Offer your own opinion on this issue.

Answer & Explanation Solved by verified expert

See Answer