Bribery Ethics and Business - 1767 Words

Bribery and corruption is a way of life in many countries. These practices affect the way international business is regularly conducted. However, in most of these countries, it is illegal to offer or receive bribes or engage in corrupt practices. Yet corrupt practices are a part of the ‘culture’ of ‘doing businesses. Unless companies ‘conform’ to such practices, in many cases, international business cannot be transacted. This essay will attempt to provide discussion about bribery and corruption in international trade example in vary different point of view in according to the principal ethical system suchlike religious, philosophical and ‘natural’. It will be analyse the case of Siemens bribery scandal related to ethical issues. Bribery†¦show more content†¦However, business do not have to involve none of them. Commonly, people confused business ethics is a concept that suffering is essential to morality. One of the purposes in life for Christians is serving and loving God and the way to serve and love God is by follow the steps of Jesus of Nazareth which has in the Bible, by doing so Christians will find the highest virtue that is love. For the Jew, one serves and loves God also but through actions of justice and virtue. This commitment gives a sense of responsibility to family and community. Roman Catholicism has a tradition of formally applying values to moral aspect of industrial relations as Pope John Paul II asked to rich countries to forgive debt from poor countries. Religion has not only formal systems with codes but also instruction for social relationships as â€Å"Do unto others as you would have them do unto you† called â€Å"Golden Rule† and many other can be found in all great religious of the world Immanuel Kant proposes that no matter what are the consequences may be or who did it, but some actions are always wrong. â€Å"rules to follow in moral decision making, rules that do not depend on circumstances or results and that do not permit individual exceptions.† (Shaw Barry 2004 p69) Kant introduces in the business as well an important human aspect into business. For not being mean as Utilitarian point of view and egoist Kant’s principle clearly want business to consider more human as today with all thoseShow MoreRelatedSiemens Bribery and Corruption Ethical Violation Case1509 Words   |  7 Pagessurfacing in the last decade due to the hand in hand prosper of international business globalization. The ethical concerns include corruption, bribery, human rights issues among many others. Business ethics is a form of professional ethics or applied ethics that examines moral or ethical problems that arise in a business enviroment. It involves the application of moral behavior to business situations (Adeyeye, 2012 p 22). Bribery is the offering, receiving, soliciting, and giving of something of valueRead MoreSocial Implications Of Business Ethics1601 Words   |  7 PagesAssignment 3 Social implications of business ethics Introduction In this assignment I have been asked to describe the social implications of business ethics facing a selected business in its different areas of activity. I have then been asked to assess these social implications of business ethics. The business organisation I have chosen for this assignment is ‘Boots’. 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The researcher will compare and contrast leadership ethics in different cultural and organizational settings. Finally, the researcher will provide a conclusion. Leadership Ethical Views in Different Cultural and Organizational Setting According to Razzano and Nelson (2008) Siemens AG which is a transnational organization headquarters in Munich Germany was charged with bribery by the Security and Exchange Commission. Siemens AG is an electrical-engineering companyRead MoreMy Code of Ethics1415 Words   |  6 PagesCode of Ethics Personal or not, a code of ethics that is in accordance to the criterion of the Almighty God is among the most valuable asset for any individual or organization. In the case study chosen for this essay, the ethical issue involved is concerning business ethics in the area of integrity and uprightness. A firm is planning to expand their business in a country where transactions that seems to be bribery is a normal part of doing business. There are contractors establishing themselvesRead MoreSiemens Ag Bribery1261 Words   |  6 PagesSiemens AG Bribery Scandal This paper will focus on the analysis of the well-known and popular bribery scandal in the world, such as Siemens AG Bribery Scandal which occurred in November, 2006. Siemens AG is one of the largest and most popular electrical engineering companies operated in the world. The present company was founded in 1847 in Berlin and is now headquartered in Munich, Germany. The discussion and the proper analysis of this bribery scandal will help to learn many effective lessonsRead MoreEthical And Ethical Models Of The Asian Mining Sector1559 Words   |  7 PagesAs a manager working for a large Australian business corporation in the mining sector, situations often arise in negotiations with other countries that are unethical by Western cultural standards. In this situation, negotiations with another manager from the Asian mining sector have reached some hurdles, and information has been received that giving the Asian manager an expensive gift will secure the business contract, as is accusto med in many Asian countries (Han Fan, Woodbine, Scully, 2012). ThisRead MoreMorality of Bribes1100 Words   |  5 Pagesin such a way as to escape hatred. Pastin and Hooker (1980) state that the Foreign Corrupt Practices Act (FCPA) is legislation designed to prevent bribery of foreign officials and other payments for the purpose of obtaining or retaining business. The legislation is an attempt to address the problem of corruption, but rather than address bribery from a moral perspective, Pastin and Hooker (1980) raise the issue of whether the legislation itself is moral. They offer two tests to assess the morality