international Legal And Ethical Issues In Business
Antitrust laws were
essentially created to stop businesses that got too large from blocking
competition and abusing their power. Mergers and monopolies can limit
the choices offered to consumers because smaller businesses are not
usually able to compete. Although free and open competition ensures
lower prices and new and better products, it has the potential to
significantly limit market diversity.
Look at the 2 examples below of how mergers and acquisitions have affected the way in which companies do business.
Read each of the 2 examples below.
Prepare a APA formatted research paper that responds to the aligned
questions. Specifically, your paper must:
- Identify the two firms with similar problems from different countries
- Conduct a comparative analysis of the firms
- Analyze political, social, ethical and legal differences and their impact on management decision making
- Provide substantive conclusion and recommendations
Submitting your assignment in APA format means, at a minimum, you will need the following:
- TITLE PAGE. Remember the Running head: AND TITLE IN ALL CAPITALS
- ABSTRACT. A summary of your paper…not an introduction. Begin writing in third person voice.
- BODY. The body of your paper begins on the page following the title page and abstract page and must be double-spaced (be careful not to triple- or quadruple-space between paragraphs). The type face should be 12-pt. Times Roman or 12-pt. Courier in regular black type. Do not use color, bold type, or italics except as required for APA level headings and references. The deliverable length of the body of your paper for this assignment is 4-5 pages. In-body academic citations to support your decisions and analysis are required. A variety of academic sources is encouraged.
- REFERENCE PAGE. References that align with your in-body academic sources are listed on the final page of your paper. The references must be in APA format using appropriate spacing, hang indention, italics, and upper and lower case usage as appropriate for the type of resource used. Remember, the Reference Page is not a bibliography but a further listing of the abbreviated in-body citations used in the paper. Every referenced item must have a corresponding in-body citation.
Example 1
Federal antitrust enforcers are
investigating whether a multinational pharmaceutical company has
attempted to minimize the impact of generic competition to one of its
most profitable prescription drugs. This anti-depressant drug is the
company's best seller, with sales last year of $2.11 billion,
representing a 22% increase from the year before.
The Federal Trade Commission
(FTC) is conducting an investigation to determine whether the company
has engaged in activities to prevent generic alternatives to the
prescription drug from entering the market. Specifically, the FTC is
challenging a practice among brand-name and generic-drug manufacturers
to agree to delay the introduction of the lower priced generic drugs to
the market.
Answer the following questions:
- Why would the drug maker want to stymie generic competition? Explain.
- What types of legal barriers to market entry exist?
- What are the possible ethical dilemmas present in this example?
Example 2
The boards of 2
major telecommunications companies recently agreed to a $16
billion-dollar merger that would create the world's largest
telecommunications company in the world. Although some agree that the
synergy between these companies could be dynamic, others feel consumers
could ultimately pay the price for the merger depending on which company
becomes dominant in the various service areas.
Answer the following questions:
- Why do you think consumer advocates have expressed concern over such merger possibilities?
- Other than pricing, what are some pitfalls that consumers might have to deal with when 2 major companies merge?
- What are the possible ethical dilemmas present in this example?
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