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International strategy and risk management

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Reference no: EM133045902

International Strategy and Risk Management

The Foreign Corrupt Practices Act (FCPA) of 1977 "was enacted for the purpose of making it unlawful for certain classes of persons and entities to make payments to foreign government officials to assist in obtaining or retaining business" (U.S. Department of Justice, n.d., Overview). When engaging in international strategy, however, unless you act like the local culture, you cannot compete. Now, consider yourself as an executive in an international company what would be the best line of action by answering the questions below:

  • How does the organizational culture fit or conflict with the national culture of the global location?
  • Explain how you balance the ethical and legal risk of going against the FCPA with the risk of losing business by not following a culture's business rules.
  • Analyze the impact of your resolution on strategy-how does the global context limit your strategies for risk management?

Reference no: EM133045902

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