One struggle a company/country may face is gaining quality data for research and analysis. This data can be found through primary and secondary data. Primary data is mainly found by the one conducting the research while secondary data is found from others data and findings. One problem you may have with secondary data is the reliability of the source that has the data given. It … [Read more...] about Week 8 Problems with secondary data
I enjoyed learning more about conciliation, or more commonly known as in the United States, mediation. I think it is interesting that most commercial disputes are actually resolved through mediation, rather than an actual lawsuit in a court, or litigation. My father is a lawyer who practices commercial law, and he says that it is "extremely rare" that one of his cases actually … [Read more...] about Resolutions through Conciliation
I was surprised to learn how little emphasis other countries place on their legal system, if they even do at all. Exhibit 7.1 shows the number of lawyers per 100,000 people in various different countries. The United States has the highest number of lawyers with nearly 400, while countries like China, Japan, and South Korea all have fewer than 50 lawyers per 100,000 people. I … [Read more...] about Legal Systems in Other Countries
I thought it was very interesting to learn about taxes for online businesses. This is a concept that I would never really think to have big issues, but it’s not just black and white because the internet can be used anywhere. I figured the business would get taxed where their main location is, however, there are a lot of e-commerce business that do not have physical stores. In … [Read more...] about Taxes
It was interesting to learn about piracy on a global scale. I figured the most popular kind would be music. What really shocked me is when the book mentioned brand names such as Rolex and Cartier are sold every year netting illegal profits of at least 500 million. Not only is that a huge about of money, but there is more money lost due to trademarks, copyrights and patents. … [Read more...] about Piracy