When in rome-do as the romans do

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Reference no: EM131420736

You are probably familiar with the old saying: "When in Rome, do as the Romans do." In other words, when doing business in another country, you should adapt your practices and standards to match theirs, rather than trying to conduct business the way you do back home - which could be more expensive and cost you market share.

1. To what extent do you feel that a U.S. company doing business in another country should "Do as the Romans do" - adopt the business practices of the cultures in which they operate, including bribery if necessary - if that means gaining or maintaining business in the country?

2. Should business people take the social consequences of economic actions -sweatshops/child labor/environmental degradation, etc. into account when making business decisions?

Reference no: EM131420736

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