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International vs domestic marketing
Employment and labor laws
International vs domestic marketing
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In anticipation of the upcoming Initial Public Offering (IPO) and the resulting transition of XYZ Construction, Inc. from a privately held corporation to a publicly owned and traded entity, the owners root desires an investigation into the essential economic and legal factor associated with this new status. Specifically, the research will analyze economic and legal factors as well as the employment and labor law issues that might influence the organization both domestically and internationally.
XYZ management goals are to increase the organization’s profits through improved working conditions, salaries, and benefits (Business Financial Systems, 2009, p.409). As the company grows domestically and internationally, hiring additional employees may be a necessity. Whether you hire your own employees or independent contractors, you will need to have a solid understanding of federal and state labor laws covering everything from benefits and wages to discrimination and harassment. This is to cope with additional tasks that must be performed as a result of operational expansion. Another option is to train existing employees for additional functions that they may perform. Those who can qualify may be assigned to jobs in the new international marketing or production outlet of the company.
Employment and Labor Law
This law is the one capable of explaining the economic motivation, background and implication of employment and labor regulation so as to help the policymakers, researchers and advocates express their own positional ideas (Simpson, 2011). Employment and Labor law initially arose out of protection for employee as a result of the outcomes being one-sided towards employers. There are four categories dealing with employment law. The ...
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... this level, participation in global business can help XYZ to achieve economies of scale that cannot be achieved in domestic markets (Breser-Pereira, 2009).
In order for XYZ Construction, INC., to function properly in the domestic and international market, safety and health, economic, employment and labor laws forces must be clearly understood. Organizations are affected by laws and regulations in all their business activities, such as hiring & firing decisions, workplace safety, the manufacturing and marketing of products, and business financing
(Business Financial Systems, 2009, p.338). For XYZ management to have good business etiquette, their knowledge of the laws and regulations will be essential and beneficial to the organization (Business Financial Systems, 2009). This knowledge of the laws and regulations will help the organization to prevent legal disputes.
Sloane. A. A., Witney, F. (2010). LABOR RELATIONS (13th editions). Prentice Hall. Upper Saddle River, NJ
The legality involved in operating a business is very momentous to both the owner and operators the company. Ones may not have knowledge of all the details; however, he or she should be acquainted with UCC regulations. When owners and operators understand UCC regulations, he or she can operate the business with more efficiency legally.
MacLaury, J. 1998. “A Brief History: The Department of Labor.” The United States Department of Labor.
Currently, XYZ Construction Inc. receives a majority of their contracts from the state government. The purpose of this essay is to analyze and discuss ethical and social issues, along with cultural diversity when expanding
I hail from Ukraine, the country that is still not a member of the European Union, nevertheless is definitely a European country. Therefore, I have always been interested in the EU laws, policies, priorities, regulations and so on to contrast Ukrainian reality with that of the EU states. Now I live and study in the country I have always had an innate and subconscious love to – the USA, the country known as the country of big opportunities. As the result, I became increasingly interested in the US laws and regulations, in particular employment and labor laws. To combine these two passions I decided to prepare a paper that compares the US and EU labor and employment laws.
Moran, J. J. (2008). Employment law: New challenges in the business environment. New Jersey: Pearson Prentice Hall.
Tomlins, C. L., & King, A. J. (1992). Labor law in America: Historical and critical essays.
Bennett, Alexander, Hartman (2003), Employment Law for Business, Fourth Edition I., The Regulation of the Employment Relationship, The McGraw-Hill Companies.
While implementing solutions to the high turnover rate, companies must know and understand the law. The law is created and enforced by the government to prevent any discrimination or biases between the company and employees. It also prevents the strong, corporations, from taking advantage of the weak, employees.
Globalization can not only affect a company opening an office in another country but it can affect a small local business as well. As the internet brings the world closer together it becomes far more likely that a business that opened with no intention of selling internationally will have customers form different parts of the world asking for their product. For instance a steel company located in Pennsylvania may suddenly find orders coming in from South American factories. How the steel plant chooses to handle this new international customer could mean ...
Labour and Employment Law. Cincinnati, OH: South-Western Publishing Company.
In the business world every business has its own set of laws and regulations to follow and adhere too. Some have very few laws and others have so many it is mind numbing but, each law is set up to protect every worker, customer or person associated with that business’s location. However, some of these laws are outdated or just plain unnecessary in today’s 21st century business environment.
Labor relations emerged as response towards combating the economic unrest that accompanied the 1930 Great depression. At this period, massive unemployment, decreasing salary and wages, and over competition for jobs despite poor working conditions, was being experience; especially in the US. In turn employees were aggravated and therefore resorted to labor strike that often escalated to violence. To avoid such incident that could potentially harm further an ailing economy, the US government set precedent by passing their first related Labor relationship act, also referred to as the Wagner act. This act excluded public sector and some employees in the informal sector, farm workers to be specific. However, the progressive change in business and labor environment, necessitated changes in the labor laws to ensure they are more inclusive (Haywood & Sijtsma, 2000).
Provide an understanding of pressures that can affect an international company accused of worker exploitation.
Legal factors involve the laws that a firm has to abide by, i.e consumer laws, employee laws…Understanding the varying laws and regulations in a given region of operation is critical to avoiding unnecessary legal costs.