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Dimensions of business ethics in international business
Dimensions of business ethics in international business
Dimensions of business ethics in international business
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International business in Argentina
A democratic and free market depends on the successful incorporation of ethical features and values. These values include country’s features like collaboration, trust, loyalty, justice and mutual respect. Trust in business has the potential to be undermined by demonstrably unethical acts by the host government or other players in the business. Unethical practices in the business contribute to both deprivation of confidence in the operations of the company. It also affects the country’s financial sector. For each country, the development of a Business Ethics Index (BEI), used to measure consumer confidence n business ethical behavior, is recommended. (Tsalikis, Seaton and Shepherd 209).
This proposal analyzes international business in Argentina and what can guide would be investors before they start their operations in Argentina.
Argentina is a South American country whose official name is the Argentine Republic. Argentina is 2.8 million sq. km. It is the second largest country in South America. The country’s climate is predominantly temperate. Its extremes range from subtropical in the north to arid or sub-Antarctic in far south. The country’s population is over 42 million with an annual population growth rate of 1.05%. The ethnic composition of Argentina is over 97% European who are Spanish and Italian descent. The other 3% is composed on Mestizo, Amerindian and nonwhite groups. Argentines are mostly 70% Roman Catholics who are the majority, 9% Protestants, Muslims, Jews and others. Spanish is the official national language in Argentina (Central Intelligence Agency 1).
Argentina, colonized by Spain in the 16th century, gained its independence in 1816. It borders the Southern Atlantic Ocean...
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...top of the investment chart for any company intending to internationalize.
Works Cited
Central Intelligence Agency. South America: Argentina. CIA. Web. 31 March 2014. < https://www.cia.gov/library/publications/the-world-factbook/geos/ar.html>.
Global Alliance of SMEs. 10 reasons to Invest in Argentina. GASME. Web. 31 March 2014. < http://www.globalsmes.org/news/index.php?func=detail&detailid=568&catalog=29&lan =en&search_keywords= >.
Michigan State University. Argentina: Introduction. Michigan State University. Web. 31 March 2014. < http://globaledge.msu.edu/countries/argentina >.
Simoes, Alexander. Observatory of Economic Complexity: Argentina. Web. 31 March 2014. .
Tsalikis, John., Seaton, Bruce., and Shepherd, Philip L. “Business ethics Index: Latin America.” J Bus Ethics 119 (2013): 209-218.
Iceland, known as the land of fire and ice, provides a competitive Government incentive making is one of the most favorable destinations for local business and those that would like to expand business internationally. With its economic advancements, social stability, and technological innovations, Iceland is at the top of the list in the country that business owns should invest in. Why should one invest? Iceland has high quality of life; it is a modern, growing economy, politically stable and internationally competitive (http://www.invest.is/why-iceland). With a flexible labor market, new investors have the ability to work with locals and their willingness to adapt to changes and learn the new ways of technology.
"Argentina." Worldmark Encyclopedia of the Nations. Ed. Timothy L. Gall and Derek M. Gleason. 13th ed. Detroit: Gale, 2012. Student Resources in Context. Web. 14 Apr. 2014.
Inhabitants of the land where mostly Spanish, Indian natives. Most of Argentina’s land was filled with deserted areas due to the low population, and the fact that not many people lived in Argentina's vast mountains and plain areas. This vast land was so large, that most governments could not control it, and criminals could basically do, as they wanted. Most of these criminals, gauchos, barbarians, or call them what you will overran these plains and mountains. It was the behavio...
Ismi, Asad. "Cry for Argentina." SIRS Issues Researcher. N.p., Sept. 2000. Web. Feb.-Mar. 2014. .
Although Guatemala would like to welcome foreign investment the complex and confusing laws and regulations seem to discourage it. The government passed a law on foreign investment in attempt to address some of the issues. Restrictions still remain on sectors including: public utilities, auditing, insurance, mineral exploitation, f...
Argentina is the second largest nation in Lain America and boasts the largest Jewish community in the region (200,000 of its 35 million people). From an open door policy of immigration to the harboring of Nazi war criminals, Argentina's Jews have faced period of peaceful coexistence and periods of intense anti-Semitism.
When Borges was born, Hipolito Yrigoyen headed the Radical Civic Union. General Roca was president at that time and he defended the middle class (which was what Borges was). Argentina had alot of trade with Britain and helped the economy to flourish. The people became more educated.
As a result, the number of foreign companies established in Mexico has risen to more than 16,000. The opportunities for investors are numerous, particularly in sectors such as automotive, electronics, information and communication technology, agribusiness, chemicals and pharmaceuticals, biotechnology, financial services, water and power generation. As part of the Mexican government’s campaign to attract FDI, the 44 overseas offices of the Mexican Bank for Foreign Trade (Bancomext) operate as trade commissions that offer advice and assistance to potential investors.
Business ethics simply can be defined as the application of business values in the business practice of a company (Seawell 2010, p. 2). For a multinational company, business ethics is one of the critical aspects need to be taken into account in business decision-making processes. Failure to give attention on ethics may bring consequences on company’s reputation (Meyer & Jebe 2010, p. 159). The company is expected not only to pursue its own profits but also contributing to the environmental and social welfare of the community where it operates (Svensson & Wood 2008, p. 308).
In this report, discussions aim to assist an Irish SME to optimise its analysis and assortment of the BRICS countries (Brazil, Russia, India, China, and South Africa) - the developing or newly industrialised nations. The term ‘company’ herein mainly refers to small and medium enterprises rather than the large international enterprises. Besides, the exporting aspect is the main concern in this context. Furthermore, the entry mode to each market is presumed to be the subsequent decision of a company after identifying the market. Thus, it would not be covered in this report.
In the case of Brazil, nowadays this is one of the most attractive markets in the world, recently Brazil has experienced strong economic growth; analysts argue with Russia, China and India (BRIC) Brazil will be the largest and most influential economies in near future. Notwithstanding, the promissory economic future, investment in Brazil has some threats and risks that should be taking into account: exist some grade of cultural difference between both countries that could affect the profitability of investment; however this will be a good option to invest in brazil, the suggestion is focus in most important cities ( Rio and Sao Paulo).
The culture of Argentina reflects deeply upon the geography. Like all countries, Argentina’s culture is widely influenced by her immigrants. The immigrants consist vastly of European with Amerindian and African persuasion in their music and art. The capital of Argentina, Buenos Aires, is a cultural melting pot filled with exotic traditions that are plainly evident throughout today’s Argentinean society.
Investing or venturing into the international market involves critical analysis of the internal and external environment in which the company operates. Usually, a company will decide to venture internationally due to a saturated market or fierce competition in the current country of operation. The demand for a company’s products may have diminished as a result of an economic crisis thus the company will target a foreign market to sustain its sales. In other words, the firms expand internationally to seek new customers for its products. For example, the current Euro zone crisis led to low demand in Europe and many companies extended their businesses to emerging markets where demand was high. A company may also venture in the international market to enhance the cost-effectiveness of its operations especially for manufacturing companies that will benefit from low costs of production in developing world. Global expansion is a long term project as it involves demanding logistics to be successful. Thorough research must be undertaken to ensure that the expansion will create value for share...
... M. (2012, July 24). Why Invest Internationally? Schwab.com. Retrieved February 14, 2014 from http://schwab.com
When looking over Argentina health status, there are many cultural aspects that can play a role. The majority of people living in Argentina are Roman Catholic. Roman Catholic 92% (less than 20% practicing), Protestant 2%, Jewish 2%, other 4% (central intelligence agency, 2015) The majority of people in Argentina speak Spanish. Argentina’s Spanish differs from most Mexican-American Spanish.