Explain that understanding cultural differences are critical

Reference no: EM132182005

Assignment 1: Discussion-Cultural Differences and Ethical Standards

Your Module 3 readings explained that 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.

Use your module readings, the Argosy University 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.

By the due date assigned, post your response to the Discussion Area. Through the end of the module, review and comment on at least two peers' responses. Examine their arguments in support of the selected system and provide counterarguments.

Write your initial response in 300-500 words.

Reference no: EM132182005

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