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Bribery and business ethics
Bribery dilemmas
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Recommended: Bribery and business ethics
1. Ethical Issues
Bribery is offering, providing or receiving something of value – including cash, gifts, hospitality or entertainment – as an inducement or reward for something improper. Usually, but not always, it’s to obtain or retain business or some other illegitimate advantage.As per any company's policies, Mr Smith is required to decline gifts, financial benefits or other benefits from a supplier for performing official duties. Furthermore, Anita Loo's offer can be perceived as a form of bribery, and by Mr Smith accepting the trip, it may pose as a not only a violation of Practical Solution Pty Ltd's code of conduct, more precisely their fair treatment and equal opportunites policy, but it's also consequently breaking the law concerning business practices.
Dogto Ltd. goes against professional ethics by engaging in collusive practices, including offering a Practical Solution Pty. ltd. employee (Mr Smith) inducements or incentives, in the form of a pre-paid trip for him and his family to Los Angeles and Disney World, designed to improperly influence the conduct of their dutie...
By proactively addressing ethical issues with a code of conduct, Raiders Inc. can set the standard regarding how they want employees to behave. Employee can be trained on the company code of ethics so they understand how their company expects them to respond. They can also train them on the biases of decision making, to make sure they are aware of the pitfalls that exist. (Robbins & Coulter, 2012)
Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2011). Business ethics: Ethical decision making and cases: 2011 custom edition (8th ed.). Mason, OH: South-Western Cengage Learning.
Consider a business case that challenges ethical behavior and standards. As the new controller for Mega Wheels, Inc., Julie Emerson needs to adhere to the IMA’s Statement of Ethical Profession...
The purpose of this paper will be to identify and describe ethical tactics used in the Jeanne Lewis case. The writer will also discuss Jeanne Lewis's ethical behavior in light of her decision to work with her employees until she was confident in the strength of her team.
Evans, J. D., & Hefner, F. (2009). Business ethics and the decision to adopt golden parachute contracts: Empirical evidence of concern for all stakeholders. Journal of Business Ethics, 86(1), 65-79. doi:http://dx.doi.org/10.1007/s10551-008-9818-9
In today’s distinctly knowledgeable world, it is essential, as stated by Paine, Deshpande, Margolis & Bettcher (2005), for corporate companies to maintain certain codes of conduct. Paine et al (2005), continues to mention that organizations such as the European Commission have endeavored to endorse codes of conduct as the main drivers for corporate social responsibility. The principle aim of having codes is to assist companies effectively operate in diverse and varying cultural and geographic locations. This is especially important for exploration companies such as those involved in the mining industry. Although the Global Business Standard codex, as highlighted by Pain et al (2005), discusses eight underlying ethical principles, in this paper, our focus will be on only three of these which are listed as follows; reliability, dignity, and fairness principles. By analyzing each of these three principles, this paper will effectively evaluate business conduct in the mining industry.
For this paper Washington Mutual has been selected to show how the ethical decision making process can be achieve. When it comes to business ethics in the workplace Washington Mutual has designed what can be considered a well balanced workplace with behaviors that are aligned with their moral values and business ethics. Business ethics are sometimes depicted as resolving conflicts where one option can appear to be the correct choice. There are many different ethical dilemmas that are faced by managers and leaders everyday that are highly complex and have no clear choice or guidelines to assist in making the choices for resolution. There are times when an employee has to decide whether or not to cheat, lie, steal, or break their contract. These ethical decisions are real-life situations where they are forced to make on a daily basis. This is why it is ultimately important that all employee know the six steps to ethical decision making that the company uses.
Challenges with making a mandatory education system might stem from the diversity of the nursing profession and the continuing education. One example of the diversity in nursing would be the needs of a Urology nurse might be drastically different from the needs of a school nurse. Another problem may be seen with difficulty accessing proper education or insufficient continuing education. Mandatory continuing education could be challenging for those nurses whom are between jobs and having to pay for continuing education out of pocket, or are unsure of which continuing education they should obtain when between jobs. Finally, a disadvantage of
The movie “Glengarry Glen Ross” presented a series of ethical dilemmas that surround a group of salesmen working for a real estate company. The value of business ethics was clearly undermined and ignored in the movie as the salesmen find alternatives to keep their jobs. The movie is very effective in illustrating how unethical business practices can easily exist in the business world. Most of the time, unethical business practices remain strong in the business world because of the culture that exists within companies. In this film, the sudden demands from management forced employees to become irrational and commit unethical business practices. In fear of losing their jobs, employees were pressured to increase sales despite possible ethical ramifications. From the film, it is right to conclude that a business transaction should only be executed after all legal and ethical ramifications have been considered; and also if it will be determined legal and ethical to society.
Many managers and organisations make the mistake of assuming that what’s wrong is illegal and what’s legal is right and if it’s legal it must be ethical. Yet many ethical dilemmas present themselves before the decision makers where right and wrong can not be clearly identified. They involve conflict between interactive parts – “the individual against the organisation or the societ...
Daniel Terris, chief of the International Center for Ethics, Justice and Public Life at Brandeis University, has given a fascinating portrayal and evaluation of a morals program at one of the world 's biggest protection temporary workers, Lockheed Martin. In 1996, another system that depended on a prepackaged game (much like Clue) that utilized characters from the Dilbert funny cartoon was presented. Terris respects much about this system, which was initiated by Lockheed 's CEO, Norm Augustine-even while he brings up that the putting of obligation on every specialist for the right measurements of his or her activities may occupy consideration from the ostensibly more vital moral obligations of senior administration and the ethical complexities of aggregate choice making. As it were, that affected individual, the organization itself, have its obligations to people, in general, great, despite the fact that it will be unable to appreciate the efforts of other individuals who plays their business activities in a righ way. (Terris, 2005)
Ethics play a vital role in day-to-day living from work to home. The ability to recognize ethical dilemmas and apply ethical theories to resolve ethical dilemmas is essential part of an individual 's psychological, physical, emotional, and spiritual well-being. The purpose of this paper is to explore the strengths and weakness of the American Psychological Association (APA) code of ethics, apply and evaluate the eight-step ethical decision-making model, discuss the role of deontology in ethical reasoning, resolution, and multicultural issues in the case study.
Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2011). Business Ethics: Ethical Decision Making and Cases. Mason, Ohio: South-Western Cengage Learning.
My paper will show the ethical value in making a decision, right or wrong, that the ultimate result is, I’ll say money. This paper illustrates my opinion in why Harry Stonecipher should have been forced to resign, to save the company name so to say. I’ll talk about the utilitarian and deontological considerations for both parties involved and explain why this decision must have been hard to make.
The existence of bribery and unethical behavior is rampant in the world market and may not change overnight. The question of bribery has been distilled in business literature as a question of ethics. In this situation at the airport with the customs officer, it is important to distinguish between business ethics and personal ethics. In a business ethics situation, the Foreign Corruption Practices Act would prohibit offering any bribe to the custom office – for example to free a shipment of goods that was lost in red tape (Pitman & Sanford, 2006). Most companies also have policies against bribery as well. In this situation, however the main issue at hand is that of personal ethics. When in a situation where your company is unknown and there is no business being conducted, normal business ethics and laws (including FCPA) do not apply only personal ethical standards.