Should the company operate under the laws that are provided in each country of operation or should it adhere to the higher standard regardless of where it operates?

Many multinational companies are faced with the dilemma of whether to operate under the laws of each country or adhere to a higher standard regardless of where it is doing business. On one hand, following the local legal regulations helps organizations avoid potential fines or penalties that could be imposed by non-compliance. On the other hand, adhering to a higher international standard can allow firms to differentiate themselves from their competitors while creating positive public perception and engendering goodwill amongst customers.

Additionally, aligning corporate practices with global standards can help ensure consistency across all operations which can make it easier for businesses to manage compliance and identify any potential risks early on. Moreover, by having high ethical values in place it can provide employees and stakeholders with confidence in knowing that their interests are being taken into consideration.

Ultimately, due to the various benefits associated with both approaches, companies must weigh all options carefully before deciding which strategy best fits their individual needs. While there is no single answer as each organization has different considerations they must take into account when determining how they should operate globally.