Power of Multinational Essay Example | Topics and Well Written Essays - 3000 words - 1

Power of Multinational - Essay Example t its CEO in the five years prior to its rise to power (1995-2000) is Richard Cheney, the Vice President of the United States of America since 2000 and who lies second only to George W. Bush as the most powerful man in the world. This paper investigates the company’s rise to power, the perceived role of Mr. Cheney in the company’s success, and how the company exercises its growing power in the world’s political and economic environments. Beginning with a review of available literature on the power of multinational enterprises and how they exercise this power over nations and governments through the instrument of foreign direct investments, the paper looks at the techniques of strategic analyses to gain a deeper understanding of the company and the nation where it took root: America. Using the SLEPT/EE strategic analysis framework provides an in-depth look into the workings of the multinational enterprise and the thinking processes of its managers to discover a link between American history and the behaviour of America’s business and political institutions. The paper concludes by establishing a link that explains the consistency between the known American past, the traditional links between business, politics, and democracy, and the justifications for Halliburton’s exercise of power. This paper investigates the economic and political power of American multinational enterprises and explores the thesis that this explains America’s rise to globalism. Focusing on the American oil industry and specifically the Halliburton Oil Company, an analysis is made of the dynamics of business and government power in the light of contemporary issues using the SLEPT/EE strategic framework. The findings determine the accuracy of the thesis. This research paper looks at how a formerly obscure oil company rose to prominence in the past decade, investigates the role played by its former CEO who happens to be the incumbent Vice President of the United States of

THE FOREIGN CORRUPT PRACTICES ACT Essay Example | Topics and Well Written Essays - 750 words

THE FOREIGN CORRUPT PRACTICES ACT - Essay Example In 1977, congress endorsed the FCPA in response to the revealed widespread bribery where company managements resorted to falsification of company records and bribery. Through the FCPA act, the congress aimed at protecting the image of American democracy abroad while reinforcing the integrity US companies. In addition, the enactment of FCPA was aimed halting corrupt practice while restoring public confidence. The main intention of the enactment was to illegalize payments completed to foreign government officials by some persons and entities in quest of attaining or sustaining business (Koehler, 2013, p. 6). Two provisions used to attain this goal focus on anti-bribery and accounting. Through the anti-bribery provision, FCPA prohibits bribery of foreign public officials despite their position or rank. Since FCPA does not cover private-to-private bribery, a foreign public official serving in the capacity of judicial or legislative position, individuals practicing public roles on foreign land, , or an official serving in public firms. The Act also prohibits firms against issuing valuable things like money, offers, payments, promises to give, or gifts (Harris, 2011). Companies that participate in such payments are subject to FCPA liability as well as violations of anti-bribery provisions that include offers and promises, and actual gifts and payments. In addition, firms are prohibited from using intermediaries like consultants, businesses associates, and partners among others, to ‘knowingly’ make payments or portions prohibited by FCPA. For local and international companies listed in the US SEC, FCPA requires meeting bookkeeping provisions. The aim is to enhance the FCPA anti-bribery provisions to oversee that companies not only make but also maintain accurate records and books reasonably representing the company’s transactions (Cragg, 2005). Additionally, the