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Doing business in/with a country requires following certain laws and unwritten rules (in this case regional politics). Are you suggesting American companies sho
by pesfandiar 9y ago
Doing business in/with a country requires following certain laws and unwritten rules (in this case regional politics). Are you suggesting American companies should completely avoid markets with unsavoury environments to some American citizens?
If so, how far should it go? Should they stop serving Chinese customers because of the great firewall? How about privacy laws in EU? Many on the conservative spectrum don't hold those regulations in high regard.
Please remember companies are there to maximize shareholders' value not to fight people's ideological wars.
- rhcom2 9y agoIt can certainly hurt your bottom line to be viewed as a "totalitarian sycophant" by a much larger segment of customers.
- pesfandiar 9y agoFor sure. Specifically when the dollar value of brand damage becomes larger than the profits from that market, but we all have a bias to think too many people think like us. I should however acknowledge that social media have created a powerful tool for brand damage that gives more extreme ideologies the power to sway corporate policies.
- vtange 9y agoThis is how you end up with a dreary, hyper-capitalistic, race-to-the-bottom world where money trumps all and all moral lines are crossed just so a company can increase its profit margin a slight bit. So if North Korea opened its doors just enough for global corporations to exploit North Korean labor, should we just hop in? Simply selling a product doesn't guarantee that a company will be in good standing with its customers. There are TED talks that even argue for companies to establish an identity beyond what and how they make money: https://www.youtube.com/watch?v=IPYeCltXpxw https://www.youtube.com/watch?v=IPYeCltXpxw
- honestlyreally 9y ago"A business that makes nothing but money is a poor business." - Henry Ford