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Copyright ? 2013 Pearson Education, Inc. publishing as Prentice Hall Legal Issues in IB Learning Objective 6: To explain legal issues facing international companies Operational Concerns Operational issues Starting a business Entering and enforcing contracts Hiring and firing local workers Closing down the business In general rich countries regulate less poor countries regulate more Strategic Concerns Strategic issues Country of origin and local content Marketplace behavior Product safety and liability Legal jurisdiction Intellectual property Intellectual Property: Rights and Protection Intellectual property refers to creative ideas, expertise, or intangible insights that grant its owner a competitive advantage Intellectual property rights refer to the right to control and derive the benefits from writing, inventions, processes, and identifiers no “global” patent, trademark or copyright exists Intellectual Property: Rights and Protection Attitudes towards intellectual property Legal legacies rule of man versus rule of law Wealth, poverty, and protection levels of economic development Cultural orientation individualism versus collectivism All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. Printed in the United States of America. International BusinessEnvironments Operations 14e Daniels ● Radebaugh ● Sullivan Chapter 3 The Political and Legal Environments Facing Business Introduction Political and Legal Factors Influencing International Business Operations The Political Environment Managers evaluate, monitor, and forecast political environments A country’s political system refers to the structural dimensions and power dynamics of its government that specify institutions, organizations, and interest groups, and define the norms that
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