International Business Term Paper - 6324 Words

Introduction: When it comes to dealing with issues in the international level, ethics becomes more and more difficult to understand as ethics can be interpreted in different ways to different people, and their ethics may change when dealing with issues abroad. Today, many individuals from different parts of the world and from different backgrounds, cultures, environment, etc. have started to do business with each. Globalization has given opportunities for individuals to expand within the foreign markets in order to succeed in the business world. Many different businesses in Canada have taken advantage of this opportunity to expand in order to have access to foreign markets, and Goldcorp Inc. is one of them. Goldcorp Inc. is a Canadian†¦show more content†¦on the human rights violation issue regarding Marlin mine, a human rights assessment was done on the mine to assess the environmental impact the mine had individuals living close to the mine. Unfortunately, when the report was finalized in mid-May of 2010, it â€Å"painted a harsh portrait† of Goldcorp Inc. The assessment indicated that Goldcorp did not respect the rights of the indigenous people in Guatemala because the Guatemalan government and the indigenous people were not included within the consultation process when the mine was to be constructed. Therefore Goldcorp Inc. was accused of disrespecting the rights of indigenous people. Guatemala is a member of the ILO 169, the International Labour Organization’s convention, which guarantees the rights to indigenous people. Within the convention, it also states that indigenous people should be consulted of when there are major projects within their area and it should also involve the area’s government. A report from the The assessment, which the company commissioned themselves, was 229 pages long and was conducted over an 18-month period by the On Common Ground Consultants Inc. In the assessment, it also reported that Goldcorp ha d failed to protect their workers’ rights when employees were being dismissed by the subsidiary of Goldcorp, Montana Explorada de Guatemala, S.A., for attempting to form a union. It goes on to report that the company allows the â€Å"climate of intimidationShow MoreRelatedInternational Business Term Paper ( Draft )1327 Words   |  6 Pages INTERNATIONAL BUSINESS TERM PAPER (DRAFT) Globalization is a process that permitted the world’s nations to strengthen their relationships and to get closer each other when they built commercial, economic financial and other types of relationships. Globalization contributed to the connectedness of countries’ economies and to some degree countries’ cultures. Canada is one the countries that benefits of the effects of globalization. Our paper will focus on the investments opportunities and advantagesRead MoreInternational Paper Foodservice Business: Strategic Choice and Evaluation 1231 Words   |  5 PagesInternational Paper Choice and Evaluation International Paper Foodservice Business is known for the high-quality paper product they products. Consumers can also depend on the company utilizing recyclable products to help prevent damage to the environment. International Paper Foodservice Business company mission statement states be one of the best and most respected companies in the world - as measured by our employees, our customers, our communities and our shareowners† (International Paper, 2011)Read MoreX100 Term Project1439 Words   |  6 Pagesï » ¿International Paper Company Analysis Company Performance Summary High Performance The company shows consistent revenue growth over the past 3 years despite being in a declining industry. The company has made acquisitions in the past year with the thought of expansion. Long Term Focused Company has demonstrated forward thinking by acquiring a company to aid in its expansion. Revenue has a consistent growth rate over the past 3 years. Company Overview Founded in 1898 International CompanyRead MoreCash Management Paper1053 Words   |  5 Pagesfairly reliable predictions at maintaining expenses. Important tools are utilized when describing business performance and financial calculations to meet the expected objectives the firm. Cash Management Paper In today’s world, reliable information is imperative for decision making that involves the financing and controlling of assets. Efficient cash management processes are needed to carry out business in our intense economic world of competition and instability. Without the essential tools forRead MoreInternational Economics And The Field Of International Development716 Words   |  3 Pagesthe field of international development. These courses are: International Economics (Manisha Pradhananga, Professor), Business Society (John Spittell, Professor) Environmental Natural Resource Economics (Steve Cohn, Professor) and Environmental Ethics (Bill Young, Professor). These particular courses had a great impact on my decision to pursue a major in Economics and a double minor in International Relations Business. In International Economics, I had written a research paper on low-incomeRead MoreGlobalization and Its Impact on International Business Essay1558 Words   |  7 Pageson international business†¦..7 The road ahead for international business†¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦9 Summary†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..11 Reference†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦12 Introduction Every day we hear it on the news, read it in the papers, overhear people talking about it†¦ and in every single instance the word globalization seems to have a different meaning. So, what is globalization? What are its main drivers? Why and how does globalization impact international business? What’s the future of international businessRead MoreGlobal Exposure And Experience Is Not A Matter Of Choice864 Words   |  4 Pageslonger a â€Å"good to have† characteristic for rising business leaders, it has now become an imperative â€Å"must have.† The Executive Leadership Council white paper, â€Å"21st Century Global Leadership: Global Black Leaders Speak† postulates that, â€Å"Successfully adapting to change – learning how to lead, manage, and win in this environment – is not a matter of choice; it is a matter of survival.† This statement clearly delineates the urgent and crucial need for business leaders to lead this charge in a rapid-fireRead MoreThe Importance of Understanding Cultural Differences in International Business Communications950 Words   |  4 Pagesorganizations rely on international transactions to take place to keep their business running. Even with knowledge of how important international interactions are for their companies’ success, miscommunication occurs and someone involved in the transaction is left scratching his or her head. This is a result of the lack of cultural training and understanding. This paper will discuss the different implications that have been discussed in the international business world. This paper will address someRead MoreImportance of Ethics in International Business1541 Words   |  7 Pagesof Ethics in International Business Executive Summary Ethics in the business world is important and global. Ethics  indicate what is right and what is wrong in  business branches and also lead employees and stakeholders with moral values. Due to the globalization of markets and production processes, business people have to deal with ethical issues in cross-cultural settings at an increasing number. The purpose of this paper is to explain the importance of international business, emphasise theRead MoreAnalysis: The Benefits and Challenges of Improving Intercultural Communication912 Words   |  4 Pages Okoro and Thomas (2012) have written an analysis of the benefits and challenges of improving intercultural communication in international business. Their article functions as an overview of some key issues, and is fairly well-researched, but ultimately treads no new ground. The article first outlines the case for improved intercultural communication, noting that business is becoming increasingly globalized. As nations come together, there is the risk that ventures and deals could fail as the result