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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The discover concludes that a state ought to rise its transparency level in order to appeal higher level of external manage investment and this increased level of external manage investment shouldRead MoreCorruption And Corruption Of The Public Sector1530 Words   |  7 PagesBribery and corruption in the public sector, is endemic and unavoidable in all societies 1 The supportive reasons of unavoidable bribery and corruption Bribery and corruption in the public sector have been investigated by government for many years, while such hidden bribery and corruption are the behaviour that members working in the public sector indiscriminately take actions. Bribery and corruption are due to members’ heart swell and unsound personality so as to break the public welfare natureRead MoreCorruption International Business Concerns The Making Of An Unlawful Payment1503 Words   |  7 Pages Corruption international business concerns the making of an unlawful payment to the politician’s government officials of a host company. The causes of corruption are multidimensional including cultural economic political legal and institutional factors that have different variations from one country to the other. The Foreign Corrupt Practices act was passed in 1977 to prohibit the bribes and gifts to foreign officials as a method of payment influencing businesses and government decisions and toRead MoreUsing Informati on From Websites, As It Will Give Me Information About Anti Bribery Policies852 Words   |  4 Pagesfrom websites, as it will give me information about anti-bribery policies. I will also use a website called Harvard reference to give the reader an easier understanding on what I will be reporting on. I will use BBC website as well to know the recent bribery act that has lately happened to an organisation and what anti-bribery does to other organisation. 2.0 Introduction The purpose of this report is to know more about, the meaning of anti-bribery and what the policy intends to achieve on an organisation