RSM100Y1 Lecture Notes - Lecture 10: List Of Auto Parts, General Agreement On Tariffs And Trade, Cultural Diversity
Document Summary
Rsm(cid:884) lec cultural and )nternational business (cid:523)march (cid:883)(cid:887)(cid:524) Culture is the key in determining what we decide to do, and how we go about doing it. Cultural diversity is a key strategic asset for canada. )t allows the leverage of our collective skills. Ethical issues international businesses face : different labor standards, corruption (cid:523)should companies bribe foreign officials, if that is the norm? (cid:524, environmental standards. --actions done by the company in the foreign hose countries will be scrutinized and compared to behavior in the home country. Their negative behavior is impossible to hide in this instant tech-communication era. Companies are starting to realize that doing good in international business can help them to do well. Why is international business so important for canada? (cid:883). Exporter of raw materials, commodities, and energy thanks to the abundant natural resource endowment. (cid:884). Small population, needs to look at the international market for growth.
