Business Ethics

2.  Doing business globally can provide your business with
exciting new opportunities for growth and profit.
 However, if global business were easy, everyone would
do it, but there are significant risks and challenges
associated with going international.

3.  When you conduct trade in another country, you'll have
to be familiar with that country's laws. You may also
have to pay additional taxes for importing products
from other countries.
 The legal complexities of international business can be
challenging, and without proper legal advice you might
be subject to fines and penalties. Make sure you have
excellent international lawyers.

4.  Language barriers are an obvious downside to doing
business internationally. You may need to rely on
translators when speaking to business contacts, and
what your contacts say may be lost in translation.
 If you are outsourcing customer service to another
country, your customers may struggle to understand
people whose first language is different than your own.

5.  Different cultures have different values, and sometimes
these differences can be stark. Gender, for example,
could prove problematic in countries where women are
not given equal rights to men. You may find yourself
wondering if you can safely send female employees to
certain countries.
 Marketing styles in other countries may differ, and
polite behavior in the United States may be impolite
elsewhere. Some cultures view the group as more
important than the individual. It's important to learn the
cultural intricacies of the places you do business.

6.  Many people are strongly opposed to outsourcing,
globalization and other international business practices.
You may lose some of your customer base if you begin
trading in other countries.
 Moreover, if your company is involved in human rights
abuses in other countries even if you had no idea these
abuses were occurring you may lost business for bad
publicity.

7. Thanks to all