Bribery vs Corruption: Impact on Businesses and Human Rights - Essay Sample

Introduction

Bribery is the process of openhandedly granting or receiving an undeserved return to sway someone's behavior. On the other hand, corruption is illegal or inappropriate action that majors its focus on gaining a benefit through illicit methods. Information on corruption in any global business set up can prompt shareholders and potential investors to mislay their faith and assurance in the trade. Additionally, there are labor conditions and human rights that offer persuade in the operational setting and affairs of the association. They impact the global mode of business by ensuring that there is a conducive environ where business can be carried out. Fairtrade practices are a set of commerce practices relating to employment. Among those rights, one of the most fundamental is the right to freedom gladly accepted by the creators and buyers of merchandise and hand-made crafts that are planned to move forward many fiscal, social, and ecological goals. They impact on the global business outcome by ensuring that there is the production of quality commodities. The business environment is also a major field to be put into consideration in the worldwide business. It is the sum of all exterior and interior aspects that sway commerce. The indulgent of business setting assists an association to create sensible plans and guarantee their effectual realization. It also supports the business endeavor in recognition of opportunities and risks.

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Mode of Entry Strategies

There are diverse modes in which firms conduct their methods of entry. Direct exporting is selling straightforwardly to potential customers that the company identifies using your resources. In this mode of entry strategy, the level of capital commitment is considerably low because companies establish a sales plan that prompts agents and distributors to symbolize the company further. Risk likely to be incurred in this mode is minimal, as well. The profit margin in this mode of entry strategy is expected to be high due to the minimum expenses that companies are expected to incur.

Licensing is a comparatively complicated agreement where a business transfers the rights of merchandise use or service to a different firm. Licensing mode of entry strategy requires a low level of capital commitment since it only entails the granting of rights to another firm for productivity, unlike setting up a new firm. The risk likely to be experienced in this strategy is moderate too. Control in the licensing mode of entry is based on the legal terms set up and agreed by two firms. The potential profit margin likely to be experienced is minimal because it has to be shared amid the two firms.

Foreign direct investment is the unswerving possession of amenities in the intended state. It engages the shift of properties, including the capital, technology, and employees. The level of capital commitment for this mode is quite high, bearing in mind that everything is beginning from scratch. The potential risks likely to be experienced are likely to affect the entire business set up. The management can efficiently control all the processes taking place in the respective firm appropriately. Additionally, in foreign direct investment, maximum profits can be achieved because the business is rightly near its intended market.

Joint ventures are a finicky structure of partnership that entails the conception of a third autonomously administered company. Companies concur to labor jointly in a particular market, hence establishing a third corporation to assume this. Joint ventures require a high level of capital commitment since it entails the rebirth of another organization, which may require lots of resources to establish. The risk most likely to be experienced is if any of the two companies opt to leave the merge. In terms of control, it is executed as agreed upon from the commencement of the joint venture. Additionally, joint ventures experience a high output of profits.

Global Organization Structure

There are various global organization structures in existence presently. Let's commence with the line and staff organizational structure. A majority of hefty organizations fit into this type. The organizational structure has a straight, vertical affiliation between diverse levels and also experts liable for giving advice and backing up line managers. Moreover, this structure has both merits and demerits. One of its merits is that it provides for group discussion, which guides to imaginative ideas. On the other hand, it consists of faults such as conflicts amid line and staff.

The second organizational structure to be put into consideration is the divisional organizational structure. In this kind of structure, the organization can have a different basis depending on the departments they are created in. One of the main advantages of this organization is that it allows for specialized departmental decision making. Its demerit is that whenever decisions are made departmentally, there is a hindrance to inclusivity.

Matrix Organizational Structure is a permanent global organizational structure intended to realize precise results employing teams of professionals from different functional areas in the organization. One of its merits is that the structure ensures decentralized decision creation. On the other hand, the structure experiences high administration costs.

Lastly, there is a flatarchy organizational structure, which is a blend of a functional arrangement and a horizontal structure. It permits for further decision making amongst the stages of an organization. Nonetheless, this organizational structure is quite confusing to staff that have no experience with it.

Global Human Resources Management

If today I were to interview managers of my company who have applied for the position of Foreign Subsidiary Manager in India, I would ask numerous questions. Can the managers major their attention on the progressively more dedicated roles taken by subsidiaries in the global enterprises? Considerably, this is due to the concept that auxiliary entities may fluctuate noticeably based on the degree of responsibilities, the significance of the market they provide, and their spot in the system.

Are they aware of the evolution of subsidiary roles over time? Notably, the procedure of subsidiary evolution is well conventional. It serves as a fundamental constituent of this flow. Due to this, managers should be adequately informed about the process of evolution has occurred.

Another potential question that I would likely poise is whether they are informed about the flow of information. The flow of information linking the subsidiary to its network. Remarkably, the system is inclusive or exclusive of global enterprises. The managers need to understand this concept so that they can drive the company in the right direction.

Global Marketing

The marketing mix is most commonly executed through the 4 Ps of marketing. They include product, price, promotion, and place. The significant factors that marketers put into consideration in relation to the four Ps of marketing are demand and supply. Whenever the demand for a product is high, the price of the commodity tends to be increased and delivered in the market place rapidly. Additionally, it is usually promoted on various platforms for consumers to view it. On the other hand, when the supply of a product is high, the price of the product is low. Global marketers tend to promote the product less.

Many trends affect how global business is carried out today. The regional trade covenant is an instance of these trends. It sets up mutual treaties addressing levies and operational barriers with affiliate nations. An example is the North American Free Trade Agreement linking Canada, the United States, and Mexico. It permits a levy.

Another trend present is the existence of customs unions. Custom unions are arrangements in which states concur to permit free trade on commodities contained by the customs union. They could also agree to a standard outer tariff on imports from other countries. An instance is that of Belarus, Russia, and Kazakhstan, which was established in 2010.

An economic union is another trend that strips of inside barriers. It then assumes a familiar exterior blockade allowing free movement of possessions. The associations adopt a comprehensive set of fiscal strategies. The most appropriate example of this is the European Union.

References

Shleifer, A., & Vishny, R. W. (1993). Corruption. The quarterly journal of economics, 108(3), 599-617.

Constantinides, E. (2006). The marketing mix revisited: towards the 21st century marketing. Journal of marketing management, 22(3-4), 407-438.