Check My Work Teneo Company in Dallas is a large company. It decides to expand i
ID: 394498 • Letter: C
Question
Check My Work Teneo Company in Dallas is a large company. It decides to expand into Latin America and become a multinational in its operations for the first time. Its senior management is confused about how to best operate in Latin America. Is it best to focus on the application of local and national domestic laws only to its operations or should it have a higher standard of employee conduct as a goal? Is legal compliance with the laws of each separate nation its best strategy to keep out of trouble?Explanation / Answer
Answer 1:-
While deciding to go for the international extension of operations, there are a lot of challenges for any organization. Among these major challenges is the adherence to the local rules, laws and regulations. By adhering to the local laws and regulations, the company will not only avoid having a conflict with the local authorities and government, in fact, it can operate in that country smoothly. Apart from local laws, the company must also consider the cultural norms of the society.
Having high standard of employee conduct will definitely help the organization to succeed as by having the non-discriminative policies, fair and just treatment of all employees, providing equal opportunities to the manpower and facilitating the employee participation in the operations of the organization will help the organization to have the higher level of commitment and dedication and employee loyalty. This will make the operational efficiency of the company quite high resulting in greater profit and cost saving.
Yes, legal compliance with the laws of each separate nation is the best strategy as by following the laws of each state and country, the company will have an image of law-abiding organization and thus it will help in that foreign market and many lawsuits and conflicts with the local government, society and authorities can be overcome.
Answer 2:- Answer:- If the international laws are considered to be applied universally and these needed to be applied in the local judiciary too. If state or local law is inconsistent with an international agreement of the United States, the courts will not allow the law to stand.