business
Copyrights, for example, give music artists rights over their songs. They own the song, and if another artist were to try and use that song as their own, they could be subject to legal action.
6. International law can serve to impact business. I spent some time working for Maersk Line Limited aboard the M/V Maersk Tennessee that sailed up and down the coast of South America. While in tehse countries, our ship was subject to international law. In Buenaventura, Colombia, we were always delayed in our sail time by the Colombian police, who insisted on a ship-wide contraband search. By delaying out sail time, we were late to every port thereafter. This affects the longshoremen and those who had to take our cargo from our ship. Our economy is shaped by our laws, so when we encounter laws of other countries, we find that we have to adapt.
Lesson #6
1. Society today is very much about being politically correct. Today we are accepting of every race, culture, and religion. Long ago, this was not the case, and many businesses would only cater to one target audience. Today however, all businesses must allow all types of people allowed to be there.
2. It is important for companies to be socially responsible because it provides more business for them. By catering to every kind of person and personality, it generates more business. It also follows through with the Constitution, where everyone is free to do whatever they want within the limits of the law.
3. Many businesses run events that attract customers. Some places will have sidewalk sales during the summers in order increase business. Home Depot has a family day for their associates and their families. This shows that Home Depot is a very caring store. This shows consumers that they are responsible.
4. As mentioned before, Home Depot has different events for their employees. Many companies have policies where the employees are valued first. In the video, one company said that the employees come first, then the customer, then the shareholders. If the employees are treated good, then they will treat the customers with the same respect, and therefore the shareholders benefit from this.
5. Pollution control is important for the environment, but companies that employ such laws have a good reputation. Those customers that are conscientious of their environment have respect for companies that employ environment protection laws. This generates more business as their good reputation goes along.
6. It is important for a company to be aware of the community in which they are located. It would be important to focus in on their needs and their culture. In small communities with a large percentage of a certain culture, some businesses that focus [next page]