The fallout from Wal-Mart’s corruption scandal in Mexico — $20 billion in market value lost in 2 days — illustrates the perils of navigating foreign business practices poorly.
Too often, advice about corruption in emerging markets comes in extreme varieties: avoid it entirely, or take on a local partner and embrace the system. The reality is that companies can laregly steer clear of corrupt practices, and they should if they intend to build businesses for the long-term…but it isn’t easy. In this piece for Forbes, I explore how we handled these challenges at the pan-African cellular network Celtel, and how other firms have dealt with them far more effectively than Wal-Mart seems to have done.
Story by Steve Wunker.
This section will not be visible in live published website. Below are your current settings:
Current Number Of Columns are = 3
Expand Posts Area =
Gap/Space Between Posts = 10px
Blog Post Style = card
Use of custom card colors instead of default colors =
Blog Post Card Background Color = current color
Blog Post Card Shadow Color = current color
Blog Post Card Border Color = current color
Publish the website and visit your blog page to see the results