siemens bribery scandal case study essay
1 . File corruption error was deeply embedded in Siemen’s business culture. That they rationalized this kind of corruption by simply stating it turned out not illegitimate to trigger bribes to government officials. This was authentic, however obviously not the case, the law improved in 1999 barring such acts of problem. 2 . When a manager in Siemens may have stood up and took a stand against data corruption, I think that he/she may have most likely been fired for being insubordinate. The greater executives that had been promoting these kinds of bribery may have wanted these types of managers to go with what they had been doing.
The manager could have also been demoted quite possibly, or just basically reamed out by the higher executives. several. Siemens spent extra money to obtain future organization investments. This kind of in, in return, means that other companies, even kinds that might have an advantage, shed business opportunities. The entire concept of this sort of corruption entirely disregards competition, because it just removes that, unless others also engage in bribery. some. Some economic analysts argue that performing such techniques such as bribery is the selling price that must be paid out to perform a better good.
That they support this claim by simply stating that it can promote efficiency and growth in countries that contain pervasive and cumbersome restrictions, and may as well enhance well being in countries that have current political structures that distort the workings from the market system. On the other hand additional economists believe the bribery could reduce the returns upon business opportunities and result in low economical growth. your five. I think that we now have two ways to approaching this.
The first is really an obvious response, and that is to immediately take action to prevent even more corruption to to obey all laws and regulations prohibiting this kind of acts, regardless if that means to pay fines to resolve previous corruption. The other approach, more realistic, is the fact I would take into consideration all of the effects that would take place if quick action was taken place. Having the stress of thousands of someones jobs at risk. And a loss of thousands/millions of dollars in business.
The very fact of subject is this, basically were a manager in the Siemens scenario I would have been well aware of all of the corruption, and for that reason a promoter of it too, which then implies that I would continue to keep doing business ones own. However this does not mean that My spouse and i support data corruption by any means, although there are given circumstances for the circumstance, and I think that what I mentioned previously is known as a fair thinking.
1
- Category: law
- Words: 465
- Pages: 2
- Project Type: Essay