Essay on International Leagal and Ethical Issues in Business

Running head: International Legal and Ethical Issues in Business Unit 1 Individual Project Delinda Mosley- Thurmond American InterContinental University Online Abstract An upcoming meeting with your new companys chief executive officer (CEO) and other executives is a great opportunity for you to share your knowledge of potentially defective products being sold to customers. You are not sure if others are aware of this issue, and the defective products could possibly lead to serious injuries. To complicate matters, you are uncertain about your organization’s ethical guidelines because none have been communicated (AIU, 2011). How would you present this issue to the CEO, directors, and managers? What specific†¦show more content†¦In order to have more control over the situation and the handling of how it is informed to customers who may have bought the defective product, I would order a mass recall. With a mass recall you can supply the public with information on what to expect with the defective product as well as how the company is working to correct the problem. This allows the customers not to want to abandon the company in the future and advocate to the customers that your company can still be relied upon for quality products in the future. The goal is to insure the safety of the customers and let them know that they can trust the company now and in the future because they didn’t hide info, but figured it out and did everything in their power to regain the confidence of its customers. After you have ensured your public and customers of their safety and that the company is addressing ev ery need for their customers. You work on building your companies image back up. In order to do this, you have to work from the bottom up, but it does have to be a collaborative effort none the less. What kind of internal action would you take to prevent future problems? In order to ensure that future problems don’t repeat itself on the same issue you would need to take another look at your policies and procedure. By doing this it will allow you to find the loop holes and the areas that need updating and improvements (Shanker, 2011). It will also be a way of holding people more responsible in theShow MoreRelatedInternational Business - Midterm Review Essay4115 Words   |  17 PagesLiberalization: move to market based economies + adopt free trade in China + Soviet Union etc. - 3. Industrialization + Modernization + developing economies creating higher value adding products - 4. Integration of World Financial Markets: international banks, globalization of finance - 5. Advances in Technology: reduces cost and time, improves coordination and communication, facilitates development, helps share information/marketing, virtual space removes distance Dimensions of Market