Question

Elaborate TWO (2) ethical considerations and TWO (2) responsibilities that you feel are important for foreign companies to consider opening their business in Malaysia.

(Noted: You are required to use reliable sources taken from at least 10-15 references. The references may include journal, articles, books, secondary date and others. References must be written using the APA referencing system.)

Answer 1

As businesses enlarge universal, they must appreciate a firm's motive, sight, aim, ways, and master plan and consider the official and moral problems in foreign business. When firms think about their long-term growth in an international area, they must handle important good and social dare and decision-making in a way to make their growth a victory. Some of the very often ethical problems in foreign trade involve utilizing, functioning quality and situations, place multiplicity and equal chances, child-labor, trust and honesty, central mistake, human rights, belief, the political pitch, nature, and dishonesty. Businesses trading foreign are looked forward to thoroughly observe with federal and state welfare rules, environmental laws, tax, and financial detail law and civil rights laws. Few responsibilities are Supportive Government Policies: For last long, Malaysian governments have been fruitful applying and managing business strategy—the well-developed financial sector of Malaysia hold-up all the lenders. Any business license Malaysia linked issues are set on speedily by both local powers and federal and state governments. Educated Workforce: Malaysia is cultural diversity and multi-religious nation. It can construct this nation a little hard for international entrepreneurs to pass out with the local buyers.

Establishing a business in Malaysia is not difficult. If you go along with some necessary regulations and rules, you can comfortably structure a Malaysian organization. The Malaysian administration gives lots of comfort and chances to bring more international capitalists. The Malaysian government allows you and your charge to get two years' work permission to save your funding. However, the effort allows are subjected to viable.

Reference: Foreign companies to consider opening their business in Malaysia.