Legal, Cultural, and Ethical Challenges Paper

885 WordsAug 15, 20124 Pages
Legal, Cultural, and Ethical Challenges Paper University of Phoenix MGT/448 Jamal B Ibrahim February 07, 2011 Legal, Cultural, and Ethical Challenges Paper As the United States economy waxes and wanes, commerce in the workplace changes to create new ideas for more and better sales. Global outreach for company expansion has taken the new economic conditions by storm for the consumer and American corporations. Company core values are built on the foundation of ones ideas and broadcast through marketing of the mission statements. Aligning a mission statement to create sales and a good public image can be even harder. The Lowe's vision is: We will provide customer-valued solutions with the best prices, products and services…show more content…
As business practices continue to change the foundations remain the same globally. This principle means that businesses involved in exporting and importing goods and services can expand beyond their own countries borders for distribution of services. Purchasing agents employed by the Lowe’s team specialize in finding the goods and services necessary to support local economic conditions. These goods and services not only assist the local economy, but also support the profits needed to continued success. As with any company expansion into a foreign country, the largest challenge for Lowe’s will be the impact on the local economy. The basic question of acceptance by the community will determine future sales. Any time a large retailer shows up there is a chance of lack of community support through loss of local businesses. Lowe’s creates competition for small companies but can also create guaranteed sales for the local companies that want to participate in the corporate successes. Lowe’s has created locally owned companies to assist in marketing and sales of products offered through the retail store. One of the biggest services Lowe’s offers the local economy is the cash flow and purchasing power necessary to finance local change. Most governments will welcome large corporations to the economy simply to assist in creating better trades and services. As mentioned before, Lowe’s creates sales through
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