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Legal environment in international market
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Legal and Political Environments
The legal and political environments of global markets differ by country and often by region within a country. Global marketers must be aware of each environmental risk in global markets and develop contingency plans to overcome them.
Legal Environment
Clearly, the global legal environment is very dynamic and complex. It is the result of three forces: international law, U.S. domestic law, and legal requirements of host nations. According to Czinkota and Ronkainen, (2004), when a marketer conducts international marketing transactions with a country, it is very imperative that managers know and remain abreast of the policies and regulations of that country. Whether a firm is located abroad or domestically, it will be subject to government policies and the legal system. However, even though many of these laws and regulations do not pertain to international marketing transactions, they can have a major impact on a firm’s opportunities abroad.
Therefore, the best course to follow is to get legal help. However, the astute, proactive marketer can do a great deal to prevent legal conflicts from arising in the first place, especially concerning the following legal issues such as establishment, jurisdiction, environmental superfund, intellectual property rights, counterfeiting, antitrust, licensing and trade secrets, bribery, gray market, trade sanctions, and embargoes. Further, the services of counsel are essential for addressing these and other ...
(7) Hall B. Patents and Patent Policy -. 2007. The 'Secondary' of the 'Secondary' of the 'Secondary' of the 'Secondary' of the 'Secondary' of the 'Secondary' of the 'Secondary' of the Morse H. SETTLEMENT OF INTELLECTUAL PROPERTY DISPUTES IN THE PHARMACEUTICAL AND MEDICAL DEVICE INDUSTRIES: ANTITRUST RULES. Allison JR, Lemley MA, Moore KA, Trunkey RD. Valuable patents. Geol.
By this point, the colonists were beginning to question Britain’s motives towards them. They believed they were being treated like slaves and being used solely for the economic growth of Britain. One night, in 1773, the colonists rebelled against these taxes on their tea. A group of men dressed as Native Americans boarded a ship at Boston Harbor and unloaded three vessels of taxed tea (Boston Tea Party). This event, known a...
In the mid eighteenth century colonist of the new world started to rebel against Britain. Living in the colonies cost Britain a great deal of money Colonist did not like that they were being taxed. There were several acts passed that angered the colonists. For example, the Stamp Act, the Stamp Act was passed in 1765 taxed all legal documents including newspapers and other printed materials. The Stamp Act affected all that bought printed materials and it did not affect the poor because it was not too expensive. The colonist started to rebel and boycotted “No taxation without representation.” The colonists rebelled in many ways one of them was the Boston Tea Party. The Boston Tea Party occurred in 1773 as an act of revolt colonists threw tea cargo of a ship to the ocean. These acts of Britain towards the new colonies caused colonist to revolve and declare war to separate from Britain. The colonists were not justified to going to war to break away from Britain because England was paying more taxes and the mother country deserved absolute respect; however, the colonists were justified to break away from Britain because they were taxed without representation.
The events that led to the Boston Tea Party began at around 1763, after the Britain won the French and Indian War. The king of Britain passed taxes on the colonies to make up the loss of money during the war, he thinks the colonists should pay for their own defense.
There are many things that caused the Boston Tea Party. Some of them were the Sugar Act of 1764, the Stamp Act of 1765, the Townshend Acts of 1767, the Tea Act of 1773 and Boston Massacre in 1770. The Sugar Act raised taxes on sugar, coffee, molasses, silk and wine. The Stamp Act put a tax on all printed materials, such as newspapers and playing cards. The Townshend Act put taxes on lead, paper, paint and tea. This act also allowed British customs officers to search any ship. The Tea Act actually lowered the cost of tea and made British shipped tea cheaper than the Colonial smuggled Dutch tea. According to this act, the tax on tea needed to be collected within twenty days of the ships arriving at the port. The tea arrived
Many business owners and entrepreneurs are doubtful about the global opportunities available to their business. In other words, business owners don’t give consideration to the world markets, instead they tend think locally in terms of gaining customers. This doubt however is unfounded. The international trade commission reported that 70% of the world’s purchasing power and 95% of the world’s consumers are located outside of the United States, which means that there is a massive market that is currently untapped by 99% of business in America. In addition to doubt, there is the uncertainty about exporting to other countries, this uncertainty may stem from lack of knowledge about foreign trade and the international laws. A business owner may be uncertain about how, when, where, and to whom it is legal to ship their products. Although, this uncertainty is understandable it is not required for businesses that are conducting business legally within the United States, business owners should remain mindful of this so that they can push their uncertainties aside. The last factor that deters businesses from international trade is Fear. Fear that there will be unforeseen and uncontrollable issues with transporting goods such as: theft, loss, damages, diversions, and/or regulatory penalties that may be imposed on the business. Although, there is a
The idea of the globalisation of Australian businesses, the process where businesses develop themselves internationally is one of the main issues in our current society. The concept of globalisation has occurred due to many factors, such as reduced trade barriers, a reduction in tariffs and quotas, new developments in technology and also new innovations in transportation technology. These factors that have caused globalisation can result in many consequences, both positive and negative. These consequences are free trade caused by a reduction in tariffs and environmental costs such as pollution caused by factories and greenhouse gasses causing global warming.
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 ...
This case from Apple, a multinational corporation, shows that there are threats that are facing companies like her as they strive to set foot in global markets. The company’s fallout in terms of salaries and fair compensation is one of such threats that are expressly found in Apples case. Companies seeking global markets will need to strategize and foresee such developments to avoid such developments. Due to the diversity of global markets, the threat of failing to comply with laws in these locations is always
When it comes to doing business internationally the decision making is more complex. There are many interactions between each country that need to be addressed. In order for a business to be successful in the international market they need to examine and analyze all the facets of their company. They need
A socio-political issue can be viewed as any matter that touches on both the social and political aspects of a given society. In other words, it is how the political issues through various policies or laws affect the general social facets. Examples of socio-political issues that are evident in the American society today include immigration, health, and gun control among others. Perhaps the most prevalent of these socio-political issues is immigration, which has received much attention especially due to the current presidential race (Trump). The question remains whether immigrants without valid documents should be transported back to their home countries or be granted amnesty has been the source of differing ideologies. The media has not been spared of this spectacle as various medium outlets have been vigilant airing any up-to-the-minute occurrence related to immigration.
The importance of Environmental Analysis lies in its usefulness for evaluating the present strategy, setting strategic objectives, and formulating strategies. The political environment can affect organizations. Political components influence buyer certainty and purchaser and business spending. Stability of the political environment is essential for organizations to enter new markets.
Environmental concerns and laws looked at environment groups and what impact they have on the buying market
Nowadays, business is set in a global environment. Companies not only regard their locations or primary market bases, but also consider the rest of the world. In this context, more and more companies start to run multinational business in various parts of the world. In this essay, companies which run multinational business are to be characterized as multinational companies'. By following the globalization campaign, multinational companies' supply chains can be enriched, high costs work force can be transformed and potential markets can be expanded. Consequentially, competitive advantages of companies can be strengthened in a global market. Otherwise, some problems are met in the changed environments in foreign countries at the same time. The changed environments can be divided into four main aspects, namely, cultural environment, legal environment, economic environment and political system problems. All the changed environments make problems to multinational companies. In particular, problems which are caused by changed culture environment are the most serious aspect of running a multinational business. This essay will discuss these problems and give some suggestions to solve them.
When I saw this discussion, I couldn’t help but think of Starbucks and the impact they’ve made throughout their 45 years of establishment. I worked with them for about 7 years and saw how unique they were from your everyday coffee and latte spots. A retail company with thousands of coffee shops in the US as well as in other countries, this particular retailer has been able to catch the eyes of all ages as well as locations throughout the world. For example, today college students utilize Starbucks locations to study rather than go to a nearby library. Starbucks is also known for its best coffee and espresso drinks (Latte or Frappuccino) and with one of its delicious espresso 's any student or just a person stopping in to enjoy its lounge area where there is free Wi-Fi is awesome! Starbucks lifecycle has made a 360 turn around and been revamped twice to accommodated the growing market. Customizing their brand to fit more in with everything and not just one thing. By doing this they’ve created multiple product lifecycles within their own lifecycle as a corporate company.