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Essay / Research Paper Abstract
This 5 page paper discusses a hypothetical scenario where a U.S. company enters into a joint venture with Nigeria, which has considerably different ethics. This paper then explores related issues such as the Foreign Corrupt Practices Act which codifies particular ethical business practices. Bibliography lists 3 sources.
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5 pages (~225 words per page)
File: D0_GSJntven.rtf
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Unformatted sample text from the term paper:
and logistical nightmares. This has become a tremendous trend in the wake of globalization and a worldwide economy which has served to "shrink" the world map and has nearly
erased borders. There are risks however associated with joint ventures, and perhaps the greatest threat is that oftentimes the code
of ethics for different countries varies drastically, and this can pose serious problems for both parties. Therefore, an understanding of how the process of joint ventures works along with
the legalities and ethical standard differences is very useful in understanding the bigger picture of joint ventures and how they function. Joint Ventures and Ethics
"A joint venture is a legal organization that takes the form of a short-term partnership in which the persons jointly undertake a transaction for mutual profit" (Joint
Ventures: An Overview). Both parties typically contribute in the form of assets as well as sharing the inherent risks associated with the venture (Joint Ventures: An Overview).
It is common for joint ventures to be used by companies in order to gain entry into a foreign market (Joint Ventures: An Overview). The foreign company
typically has new technology and business practices to offer whereas the domestic company contributes because of their already established presence in the domestic market (Joint Ventures: An Overview).
Lets imagine that a U.S. Company, called the Red, White and Blue Company wants to expand its horizons by engaging in a joint
venture with a company in Nigeria, called African Oil Company. Both of these companies sell crude oil, and both are anxious for the joint venture to occur. The
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