Friday, December 20, 2019

Bribery and Corruption - 1492 Words

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†¦show more content†¦Given that you have ceded all hint of bargaining power by telling the officer about your immediate departure, and that a moral stand on your part will do nothing to ease corruption in the country, the best course of action is the one that will minimize the damage. Fifty dollars is far too much to pay for such a bribe. The going rate for a bribe of a border guard in the developing countries is typically measured in five or ten dollars, maybe twenty dollars, and this guard is simply taking a home run swing since you are clearly naà ¯ve. There is no need to increase the going rate. Produce a few dollars and get your passport back. Being morally right by Western standards may make you feel as though you have made a difference, but your stand has not made a difference and you will have missed your plane and put yourself through considerable expense and discomfort for nothing. The time reflect on the morals of a situation is either before the trip (in which case you would have arrived much earlier and been prepared to wait a few hours for your stamp) or relaxing at home with your friends and family, not during the middle of a tense negotiating situation with the clock ticking. The Value Equation for Global Marketers Consumer choice is the output of consumers’ individual value equations (Neal Bathe, 1996). Consumers make decisions about the relative value of goods or service- its benefits relative to its cost- and these decisionShow MoreRelatedCorruption and Bribery1795 Words   |  8 PagesCorruption and Bribery April 29, 2015 Abstract In this paper, I will be writing about corruption and bribery. I will define the terms and go on to explain the regulations that have been put in place to stop corruption and bribery. 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