Summary of Articles on Bribery in International Business
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This summary provides insights on how to avoid bribery in international business and reduce the risk of corrupt practices. It covers topics such as training sessions, cultural differences, leadership, and the role of anti-corruption organizations.
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Running Head:SUMMARY OF THE ARTICLES IN REGARD TO BRIBERY Summary of the articles in regard to bribery Nam of the Student Name of the University Authorās Note
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SUMMARY OF THE ARTICLES IN REGARD TO BRIBERY Scenario: How to avoid bribery in international business? Or how companies doing business overseas reduce the risk of corrupt practice? Article 1: According to the author Cuervo-Cazurra et al., (2016), bribery act can be eliminated by making the use of training session that will be carried out with the primary motive of imparting knowledge and awareness regarding the corporate ethics. Bribery within the corporate sector has been introduced because of the individual needs that get stimulated within the corporate boundaries. Hence, there is a requirement for the managers and the top hierarchy officials to undertake a measure to understand the individual needs of the employees and introduce fringe benefits to deal with such instances. Moreover, in the international market one can eliminate the act of bribery by employing a strict employee, strict in terms of the ethics and personality as such that any individual working under the guidance of such a manager, has fear to carry on any illegal activity.Corruption is correlated with high power distance, masculinity and uncertainty avoidance.Cultures with strong hierarchy and fatalism are positively correlated with corruption whereas egalitarian cultures correlate with lower corruption & established whistle ā blower processes. It is observed very frequently that the business firm carrying on its business activities within the geographical boundary of another area make them more aware in regard to the corporate rules and regulations of that specific country. It is the reputation and the goodwill that the firm is mostly fear of losing it. On the other hand, this fear is introduced because of the number of competition that exists within the market because of the presence of a number of rival business units (Manacorda et al., 2014).
SUMMARY OF THE ARTICLES IN REGARD TO BRIBERY Furthermore, exercising activities within the geographical boundary of another country creates the local body to keep track of the movement of the concerning business firm, such that the business firm will think thrice a time to carry on illegal activity. Besides, strict laws that prevail within a particular region of the economy is another reason for the elimination of any illegal activity. Article 2: According to the author Hess et al., (2014), there is an immense need to introduce the specificgroup of employeeswith that of the group of employeessuch that it helpsin understanding the level of cultural differences that exist among the parties. Communication is one of the important criteria that is required to be present within the group. This differences in the cultural and social traits help in eliminating the key gaps that exist within them. One a particular peer group is interacting with that of the peer group. This develops a feel of sense within an individual where he/she stands. This gives an individual an opportunity to develop the inner qualities in order to eliminate the negative aspects that rely on him/her. On the other hand, in the international market, there exists a focus group that on a real- time basis keeps on monitoring the activities of the individual and that of the peer groups. This focus group is one of the key contributors in understanding the quality gaps and makes an estimation I regard to an individual subject such that in the near future there is a chance for the occurrence of illegal activity by this specific subject (Pohlmann et al., 2016). On the other hand, within an international market context, there is a huge hunger for growth opportunities among the individual subject such that majority of the individual employees along with that of the top hierarchy contributes towards the growth perspective. Those who aim to
SUMMARY OF THE ARTICLES IN REGARD TO BRIBERY undertake activities under the table such as that of bribery act fail in their motive such that the concerningperson may bequalityorientedand maynot acceptthe bribe.Thus, in the international boundary, there is a risk, but there is also a chance that the occurrence of such an incident may fail to take place because of the ethics of one particular individual party (Hauser et al., 2014). The UN Convention against Corruption was adopted in 2003 and now has over 100 participating countries. The convention acknowledged the global nature of the problem and called on members to collaborate in preventing and combating corruption and to provide technical assistance in its prevention. Article 3: According to this author Fasterling et al., (2014), it is the struggle phase of the corporate business that keeps an individual body like the top hierarchy manager alert in regard to the various key skills gaps. This alert helps in eliminating the risk that is associated with illegal business activities. The manager and the top experienced authorities make several efforts such that there is the elimination of the occurrence of such incidents within the office premises. Managers have a duty to both the corporationās shareholders and individuals and constituencies that contribute, either voluntarily or involuntarily, to a companyās wealth-creating capacity and activities, and who are therefore its potential beneficiaries and/or risk bearers. Managers are agents ofallstakeholders and have two responsibilities, to ensure that the ethical rights of no stakeholder are violated and to balance the legitimate interests of the stakeholders when making decisions.Training may be necessary on cultural influences affecting judgment around corrupt behaviour. Transparency and accountability is necessary.
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SUMMARY OF THE ARTICLES IN REGARD TO BRIBERY On the other hand, speaking of todayās time much of the use of the IT applications are being undertaken such that the activities within the corporate premises can be tracked. This helps in ensuring much of the safety in regard to the corporate dealings. Besides, there is a separate back team being formulated to keep an eye on the activities and movement of the business activities. This back team reports to the top hierarchy in case of any suspicious movement is being noticed. Thus, the international business results in a qualitative and rich infrastructure of the business environment (Picciotto et al., 2017).Organisational members in some local cultures may influence decision makers to rationalise violations of norms as justifiable. Poor management of ethical differences across cultures can have tangible effects on costs.In considering whether or not to develop a business relationship, managers need to find out about ethical practices in the culture of organisations overseas and seek out or avoid them accordingly. Within the international business context there lies an asset of goodwill and brand-equity that stays in the few hands of the company. This goodwill and brand-equity make sure that the activities being exercised the corporate boundaries stay align with the ethical norms. This surety is achieved because of the formulation of the strong set of rules and regulations by the government authorities of that specific region. This set of basic rules and regulation runs the entire working of the corporate culture. This, in turn, makes sure that a healthy corporate environment is being maintained within a particular region. Article 4: According to this author Peltier-Rivest et al., (2018), it is a leader, a qualitative leader that makes a number of efforts towards the betterment of the corporate and that of the economy. His effort is the result of the vision. It is the visionary statement of the leadership body and commitment that aims towards the elimination of the illegal process. It is the leadership body
SUMMARY OF THE ARTICLES IN REGARD TO BRIBERY that makes sure that the flow of power and authority stays in the few hands of the corporate society. They address the deserving individual and links their personality and characteristics traits with that of the qualitative body, by making the possession of power in few hands of the corporate helps in elimination of the occurrence of the illegal activity. On the other hand, it is the interest to pull the foreign investment capital in order to generate funds for the betterment of the economy. It is about the GDP growth potential of the economy that eliminates the illegal undertaking. A quality oriented government knows well that for the betterment of the economy and that of the business firm environment there is a need to eliminate the illegal activity undertaking. In order to achieve this objective, they set up an investigation team that on a continuous basis keeps periodic check-up in order to make sure that the concerned business firm complies with this specific set of rules as formulated by the government of that specific economy (Teichmann et al., 2018). Besides,Media reports can create swings positively or negatively in job applications. Morality influenced by Confucian teachings emphasising virtue, loyalty, sincerity & obedience contribute to ethical behaviour.Yet, certain expectations around relationships exist that may compromise ethical decision making, depending on the nature of oneās relationship with another. The context of the relationship determines what might be the right thing to do, rather than to a fixed rule. Article 5: AccordingtothisspecificauthorAdeyeyeetal.,(2014),anti-corruptiongroup Transparency International (TI) is a body that takes care of the illegal practices that take place within the international corporate boundaries. This body makes sure that business dealings fall in
SUMMARY OF THE ARTICLES IN REGARD TO BRIBERY an ethical manner such that they are authorised to undertake legal actions. The legal actions vary from a range of measures, such that they can undertake any actions whichever may be visible and preferable in accordance to their eye at any point of time but upon the consent of the present government body situated therein. However, taking into consideration the fact of the recent poll session as conducted by the body on the 28 different regions of the country state that there is a decrease in the number of default cases that takes place because of the bribery factor(Communicaid.Com, 2019).It is the competition that exists among the various economy regions to address themselves as the economy free of bribery. This status is essential in order to generate more business in order to raise the social status of an individual economy. Multinationals and governments need to take a stand against trading for cheaper goods produced by children and forced labour. However, there are some of the basic reason why the people undertake unethical decisions they are as follows, The most common reasons: 1.Selfishness and personal gain. 2.Corporate profit pressures. 3.Business standards conflicting with personal values. 4.Cultural differences in a global setting. It is the long term practising of activities within the international boundary that eliminates the illegal activity. After working for a long term within the international boundary, a sense of
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SUMMARY OF THE ARTICLES IN REGARD TO BRIBERY cultural development takes place that makes an individual change. These changes are so huge that it changes the entire mentality of the individual personality (Langseth et al., 2016). Thus from the above mentioned statements, it can be concluded that how the business practice within the international boundary helps in the elimination of illegal corporate activities such as that of bribery.
SUMMARY OF THE ARTICLES IN REGARD TO BRIBERY References Adeyeye, A. (2014). Foreign bribery gaps and sealants: International standards and domestic implementation.Bus. L. Int'l,15, 169. Cuervo-Cazurra, A. (2016). Corruption in international business.Journal of World Business, 51(1), 35-49. Fasterling, B., & Lewis, D. (2014). Leaks, legislation and freedom of speech: How can the law effectivelypromotepublicāinterestwhistleblowing?.InternationalLabourReview, 153(1), 71-92. Hauser, C., & Hogenacker, J. (2014). Do firms proactively take measures to prevent corruption in their international operations?.European Management Review,11(3-4), 223-237. Hess, D. (2014). Combating corruption in international business: The big questions.Ohio NUL Rev.,41, 679. Khojastehpour, M. (2015). How does corporate social responsibility avoid the incidence of corruption in international expansion?.European Business Review,27(3), 334-342. Langseth, P. (2016). Measuring corruption. InMeasuring corruption(pp. 23-60). Routledge. Manacorda, S., Centonze, F., & Forti, G. (2014). Preventing Corporate Corruption.The Anti- Bribery Compliance Model. Peltier-Rivest, D. (2018). A model for preventing corruption.Journal of Financial Crime,25(2), 545-561.
SUMMARY OF THE ARTICLES IN REGARD TO BRIBERY Picciotto,S.(2017).Rights,responsibilitiesandregulationofinternationalbusiness.In Globalization and International Investment(pp. 177-198). Routledge. Pohlmann, M., Bitsch, K., & Klinkhammer, J. (2016). Personal gain or organizational benefits? How to explain active corruption.German law journal,17(1), 73-99. Teichmann, F. M. J. (2018). Anti-bribery compliance incentives.Journal of Financial Crime, 25(4), 1105-1110.