Project #37984 - Global Management

Assignment Instructions

During the past two decades, we have seen companies who had seemingly solid contracts to conduct businesses in a country have had their contract obligations seemingly reworked in order to give more favorable terms to the host country. Russia and Chevron had a joint pipe line venture in which Russia reworked the contract. Kuwait pulled out of a financing deal with Dow Chemical to purchase a specialty chemical company. Venezuela attempted to nationalize the oil industry which includes US companies. Currently, there are other South American countries who are looking at what Venezuela has done in the past and considering the “taking” of American properties for their own use and profit (with no purchase of said properties). What is this saying about the climate of concern for American businesses in terms of whether they should continue global business relationships in certain countries or should they rethink their global strategy?

1. In this week’s assignment, the student should identify and discuss ways companies need to structure deals to minimize these types of surprises.
2.       Is there anything that a management team can do to minimize these risks? 
3.       Are there certain laws and/or regulations that these companies need to consider for current and potential business in overseas locations?  
4.       Please consider how contracts are important to the daily operation and survival of overseas business operations.
5.       Students should use reference material from course readings and outside sources when needed to strengthen your argument.
6.     Complete your answers in a Word document with APA formatting and submit Assignment 2 by 11:59pm ET, Day 7.
 

3 full pages, APA style (does not include reference page, title page, etc.).  Must have 2-3 reputable references.  Here's a list of references below to use.  Password = 4498301 and password = shae081598

Expertlaw.com’s article on contract law. Read Page 1 and the links only.
http://www.expertlaw.com/library/business/contract_law.html
Cornell University Law School Article on Contracts
http://topics.law.cornell.edu/wex/Contract
United States Department of Labor, Occupational Safety & Health Administration
http://www.osha.gov

Law & Ethics in the Business Environment.
Chapter 5, pages 171-183 regarding regulatory concerns in the global economy

http://ezproxy.apus.edu/login?url=http://ebooks.apus.edu/BUSN601/Halbert_2009_Ch5.pdf
Chapter 1, pages 9-23 outsourcing, fiduciary responsibility for worldwide communities versus profitability of the corporation
http://ezproxy.apus.edu/login?url=http://ebooks.apus.edu/BUSN601/Halbert_2009_Ch1.pdf


Fundamentals of Business Law. 2nd addition. Pages 692-706

 

Subject Business
Due By (Pacific Time) 08/17/2014 07:00 pm
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