User:Gabevas95/sandbox


 * FIRST ENTRY: 11/18/2017, (1/3)

Original: '' “A terrorist attack is a violent attack against a company or country that was done with the intention of hurting or damaging that company or country. Hate is usually the motivating factor and can be based on religion, culture, political ideas, etc. The World Trade Center attack on 9/11 is an example of a terrorist attack that affected the entire United States in addition to the companies that operated in those buildings.[9] It can be difficult to operate in a place where the environment is tense and scary and in countries that are likely to be attacked.”''

My Edit:  Terrorism is a voluntary act of violence towards a group(s) of people. In most cases, acts of terrorism is derived from hatred or ignorance of religious, political and cultural beliefs. An example was the infamous 9/11 attacks were labeled as terrorism due to the unacceptance of western culture by the radical Islamic groups.

Terrorism not only affects civilians, but it also has a negative impact towards corporations and other businesses. These impacts may include: physical vandalism or destruction of property, sales declining due to frightened consumers and governments issuing public safety restrictions. Firms engaging in international business will find it difficult to operate in a country that has an uncertain assurance of safety from these attacks.

Justification: The original paragraph wasn’t incorrect completely, but it was missing a few details and wasn’t written at a professional level. For starters terrorism isn’t directly targeted towards a company like the original says, it affects firms but it they are not catalysts for terrorism. The first sentence is redundant as it says that a violent attack was done in intentions of hurting people. Acts of violence are obviously made towards inflicting pain or damages. In my edited version, I provide of some consequences of terrorism as opposed to the original.

**** SECOND ENTRY: 11/21/2017, (2/3)

Original: ''Bribery is a worldwide phenomenon. Multinational enterprises must be conscious and concerned about it. Companies operating on the international market have a role in combating bribery, as do governments, trade unions, etc. The countries participating in international trade need to prevent bribery, not support it, offer it, give it, promise it, etc. [citation needed] Societal risk''

My Edit:  Bribery is the act of receiving or soliciting of any items or services of value to influence the actions of a party with public or legal obligations. This is considered to an unethical form of practicing business and can have legal repercussions. Firm that want to operate legally should instruct employees to not involve themselves or the company in such activities.

Companies should avoid doing business in countries where unstable forms of government exist as it could bring unfair advantages against domestic business and/or harm the social fabric of the citizens.

Justification: The paragraph I provided was from the “Risk > Bribery” section of the “International Business” article. I wouldn’t open the paragraph by saying it is a “worldwide phenomenon”. Even then International phenomenon would have been a better choice to tie in the article. It should have started with the definition of what bribery is briefly. (If I had more EXP, I would place a link to the Bribery article). Because this is a business focused article, it would be unwise to not place explanation briefly highlight the negative effects of bribery and what should companies do to avoid it.

**** THIRD ENTRY: 11/26/2017, (3/3)

Original: '' “A firm must be prepared, aware of the competition and ready to face it in the international market. Several companies (competitors) could substitute for products or services of an unpopular firm. A brilliant and innovative strategy will help a firm succeed.”''

My Edit:  Change the Strategic heading to “Faulty Planning”.

In order for a firm to successfully penetrate a foreign market and remain profitable, a extensive research should have gone towards the planning and execution of Phase I. The use of conventional SWOT analysis, market researches, cultural researches, will give the firm the appropriate tools to reduce risk of failure abroad. Risks that arise from poor planning include: large expenses in marketing, administration and product development (with no sales), disadvantages derived from local or federal laws of a foreign country, lack of popularity because of a saturated market, vandalism of physical property due to instability of country, etc.

Justification: I decided to change the word “strategic” to Faulty Planning because faulty planning is a risk that firms engaging in offshore trades should be aware of. This risk usually occurs in the conception of the need to globalize. I gave some examples of what type of analysis should be done to ensure a well-designed plan. I also provide examples of what could happen if there isn’t proper planning. These negative outcomes happen regularly. In fact, Campbell Soup had these problems (unpopularity amongst the locals) in their attempt to penetrate Russia’s soup market because of poor planning.

EDITING LOG FROM WIKIPEDIA (Gabevas95) I'm open to any form of constructive criticism. Feel free to do so. I don't take things personally.
 * 17:28, 26 November 2017 (diff | hist) . . (+387)‎ . . International business ‎ (→‎Risks) (current)
 * 00:47, 22 November 2017 (diff | hist) . . (-843)‎ . .  m  International business ‎ (→‎Risks: (removed section between terrorism and bribery. not the appropriate placing for it)) (Tag:references removed)
 * 00:39, 22 November 2017 (diff | hist) . . (+168)‎ . .  m  International business ‎ (Changed the Bribery Portion.)
 * 00:18, 19 November 2017 (diff | hist) . . (+31)‎ . . International business ‎ (Tag: references removed)
 * 20:59, 18 November 2017 (diff | hist) . . (+1)‎ . . International business ‎