The Role and Function of Law in Global Business

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Purpose of Assignment

Law impacts how business operations perform. With globalization, the law's impact and corresponding business risks have grown. The student will learn to consider how and when a business risk should be pursued under traditional litigation (lawsuit, answer, and discovery) and where alternative dispute resolution methods are appropriate in both domestic and international disputes.

Assignment Steps

Resources: Legal Environment of Business: Online Commerce, Business Ethics, and Global Issues: Ch. 1, Ch. 2 (pp. 23-32), Ch. 3, Ch. 4 and Ch. 26; sites such as: Public Library of Law, Law Library of Congress, and Justia Virtual Chase law database

Select a business or industry with which you are familiar and, in a minimum of 700 words, excluding title and reference pages, develop an analysis including the following:

  • Identify at least two ways the U.S. legal system affects that business or industry.
  • Examine the risks that business or industry encounters when dealing with traditional litigation, (suit, answer, discovery, trial) and what measures business managers can take to reduce exposure to those risks.
  • Choose a global/international business dispute from your business or industry, then compare and contrast one form of alternative dispute resolution (ADR) with traditional litigation with regard to that dispute, and recommend which method is preferred and why.

Cite a minimum of three scholarly references. One scholarly reference must be from the University Library.

Format your paper consistent with APA guidelines.

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Running head: THE ROLE AND FUNCTION OF LAW IN GLOBAL BUSINESS

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1
THE ROLE AND FUNCTION OF LAW IN GLOBAL BUSINESS
THE ROLE AND FUNCTION OF LAW IN GLOBAL BUSINESS
The Coca-Cola Company
Coca-Cola operates its business globally. The global markets and environment exposes the
company to several pressures from several governments and legal systems. The world market has
become widely globalized, and to keep up with its competitors, Coca-Cola has been forced to
adjust to certain laws and pressures from the government of the United States and other foreign
governments in order to keep in touch with the current trends. Despite the fact that Coca-Cola is
the biggest beverage company in the world, it is still vulnerable to economic, social and political
fluctuations (Coca-Cola, 2017). The changes that can negatively affect an industry’s profit the
most are political and economic changes. Since it operates in over two hundred countries, CocaCola has to face these changes head on or risk incurring significant l...


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