World-Wide Concepts and Risks Posed by the International Environment
World-Wide Concepts deals with a wide variety of products which are profitable but which pose a number of potential legal risks in the form of biotech instruments and drugs. It also has a number of different operations spanning various nations from its manufacturing facilities in China, assembly facilities in Mexico, biotech partners in Israel, and software design partners in Russia and India. All of these countries have very different systems of justice and standards of ethics than the United States in terms of their way of conceptualizing the fair and free way to do business (Meiners, Ringleb, & Edwards 2012, p. 5). For example, India has had a notorious reputation for corruption, which is not atypical of developing world nations which have undergone rapid industrialization. "Socially-acceptable practices" often conceal what would be illegal in other nations and the "inherent opacity of India's business environment, weak implementation of law and its complex and often inadequate regulatory context" means that nations from the United States where regulation and ethical standards are more obviously aligned can make navigating the area a challenge (Owen 2014). This is also true of China and Russia. In China, a combination of underpaid government officials and a rapidly-expanding business culture has resulted in a nation whereby "the prominence of personal relationships over contractual and legal obligations, the scope of discretion and power afforded to government officials, the rapid growth" has made corruption normalized (Hinze 2014).
Another risk that every globally-based nation must face is political risk. Russia and Israel are both political hotspots and disruptions of operations…
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