Samsung Bribery Case: Stakeholder Perspective and Ethical Theories

This report provides an in-depth analysis of the Samsung boss's retrial for bribery charges. It begins by defining and explaining the concept of corporate social responsibility (CSR) and its importance for businesses, including cost reduction, risk management, and revenue enhancement. The report then examines the approaches Samsung employed in response to the scandal, emphasizing the importance of swift action, avoiding cover-ups, and public apologies. It also explores normative and descriptive business ethics theories, highlighting their roles in understanding moral standards and people's perceptions of right and wrong within the business context. Finally, the report analyzes the stakeholder perspective on Samsung's behavior, emphasizing the need for ethical business practices, fair profit distribution, and long-term sustainability to maintain a stable customer base and positive corporate image. The report concludes with a discussion on the impact of the scandal on the company's reputation and the importance of ethical decision-making for stakeholders.

SAMSUNG BOSS’ RETRIAL
FOR BRIBERY CHARGES
BEGINS

Table of Contents
INTRODUCTION.......................................................................................................................................3
PART-1.......................................................................................................................................................3
Explaining the concept of corporate social responsibility.......................................................................3
PART-2.......................................................................................................................................................4
Examining the approach that is chosen in the case along with the normative and descriptive business
ethics theories.........................................................................................................................................4
PART-3.......................................................................................................................................................7
Analyzing the stakeholder perspective on the business behavior...........................................................7
CONCLUSION...........................................................................................................................................8
REFERENCES............................................................................................................................................9

INTRODUCTION
The present report is based on the topic Samsung boss’ retrial for bribery charges begins. The
report will discuss about the few topic along with examining them. The fully project is based
upon the case study. The assessment will discuss about the concept of corporate social
responsibility along with this it will also evaluate about the approach that is chosen in the case
along with the normative and descriptive business ethics theories. On the other hand it will also
explain about the stakeholder perspective on the business behavior
PART-1
Explaining the concept of corporate social responsibility
Corporate social responsibility so termed as the process of self-regulating business model that is
used by the business which help them to be socially accountable that is to its stakeholders and
the public (Plitt and Plitt, 2017). Along with this by practicing this concept corporate social
responsibility it is also known as corporate citizenship on the other by this the companies are also
been conscious that is of the kind which is having impact that they are having different type so
the aspects of the society which will also include environmental, economic and social. The
concept of the corporate social responsibility is also under stable as a broad concept which
includes many types of the forms which are depended upon the industry and company. The
business can also take the benefits to the city at the time of boosting their brands by using the
volunteer efforts, corporate social responsibility program and philanthropy. The concept of the
corporate social responsibility was started by the government of the united kind on that is more
than half year of the century. Mail this concept is performed by the company that it help them in
so many types that are:
REDUCING COST: By using the corporate social responsibility concept the company can save
their energy by reducing waste and cutting down the inefficiencies. Along with this they are also
used for enhancing its environmental performance.
MANAGING RISK AND UNCERTAINITY: Corporate social responsibility also helps in
managing risk and uncertainty that is they are known as voluntary committing better selected to

social actions and the programs which will also result in forestalling legislation by ensuring
greater corporate independence from the government (Partridge and et.al., 2017).
MAINTAING THE SOCIAL LISENCING TO OPERATE: Social responsibility in the resource
based industry is very important for gaining and maintaining their consent it is related to local
communities, employees and government. As the actors of the company can effectively provide
the social license which will result in helping them to operate their business. Result in making a
positivity contribution to the society which is also known as the long term investment in a safer
better educator and more equitable community.
Enhancing revenues: Corporate social responsibility are responsible for rewarding with extra and
more satisfied customer along with this let the sponge ability can be also resulting in boycott or
other undesirable consumer actions. Therefore the employers and more attracted if the company
is being socially responsible giving more effective workforce.
PART-2
Examining the approach that is chosen in the case along with the normative and descriptive
business ethics theories
The different types of approaches that is used in the scandal by the Samsung company was that
at the time they have come to note that the standard was very bad and they have to face different
types of editorials that are newspaper, social media, angry emails and works for this the company
have made the approaches that are
They have started acting quickly
After the happening of scandal the company have I started trying to ignore the scandal and
hoping that it will go away as soon as possible? For this the company who made the strategy that
is to you know it knew things as fast as they can by not being rashly but to do all the things that
will result in holding while the problem is solved. As this scandal was big it’s not only affected
the company but it also has affected the fully shareholders and stakeholders of the Samsung. As
the scandal was very big enough that the Korean government has punished the company along
the duties of the company was also vanished at the time of folds anyway. For this the company
has plan action on file that is based upon planning I had with the coworkers along with the

company which will help in figuring out the different scenarios that will result in going wrong.
For example in the case study we have seen that after the happening of scandal there were
different perspectives of the shareholders and stakeholders who were the part of the organization
(Park, 2019). By using this approach the company is trying to think that if in future anything go
wrong then they can execute this plan into an action which can result in fasting clear up without
expanding it they do not have to wait for any scratching her about the hearing of news in Texas
or something that is not quite as a dramatic at the time of exit voting plan Unicorn.
No cover up
After the biggest scandal the company were not able to cover up the cause it was very much
spread in so many countries by this the company cannot hide them cell because it is known as the
one of the best popular company in the electronics. Along with this if they will ignore the
problems then they have to face the worst office. For this the company has made the plan that
they will give the answer of the problems they have faced instead of keeping quiet and facing so
many unnecessary words and other things. On the other end the company of also used the
approach that is related to apologizing along with the all the people who were the part of the
scandal and have all the information about it that it was performed. If the company will not
apologize then it will result in making their customer angry along with the gentle member off the
public. By this the general public will think that you are covering what instead of actually
making it. As this was a big scandal so it will does time to cover up Anne get back on the track?
In addition to this company have performed all the activities that will make everything possible
which will result in getting back their reputation and standard which was before the happening of
scandal. They can move different types of efforts to make it up to his customer. It will result in
bringing their customer back who was very angry with the company after the happening of
scandal. As per the case trivia seem that the company have to wait for the months or the years to
come back on the Track.
Normative and descriptive business ethics theory is performed by the business to analyze our
people or to it along with what people think is right. Normative ethics is known as the study of
ethical action that is in the terms of morality. Mainly this story is concerned with the criteria
adult is related to what is right or wrong for the business (Oberding, 2018). As in the case study
we have seen that the company had to face big scandal which have resulted in bad reputation of

Samsung the normative theory helped the company to understand the concept that is related to
how to arrive at basic moral standards along with justifying that's standards (Miller and
Schoepfer, K.2017). There are different theories data teleological and don logical determining
the concept. Along with this they’re also known as the tool that is the goodness or bad Ness of
the action which help in determining and examine the concept that is related to actions R on the
other hand action itself.
Descriptive ethics is now also known as the competitive ethics that is a little to the study of
people views just regarding moral beliefs. In addition to this it is also helps in analyzing about
what the people think that it is right for the business. As in the case study there seen that at the
time of happening the scandal of the Samsung there were stakeholders and many companies
were affected by this scandal else because they were the part of the Bad scandal that was face by
this scandal. On the other hand it is also known as the story after descriptive ethics which
involves different types of things that are related to describe people moral values along with this
it also includes standard as well as the behavior of the individual. Descriptive ethical Tori are
also known as the in fickle study which is based upon the research that is from the different
fields off sociology, psychology, anthropology and history. By this theory the company can also
know that emphatically studies that result in observing all the culture and the society which have
their own moral standards that deserved an adult rating what forbidding certain types of actions
that are performed in the Samsung. When I do this it also helps in understanding the differences
and similarities got this performed between the moral practices which are regarding the different
societies along with that it will also evaluate the development of this standard that are behind
different types of practices.
Some of the people say that modality come from the revolution it is true that all the people have
an ability dentist to give a reason about the ethics by involving certain brochure show intuitions
along with involving empathy. Mainly the work of normative theory of ethics is related to
attempting thank you later moral standards that is regarding though prescribes that our people
billet on the other hand descriptive ethics describes how the people of the company will be here
and after the seeing the scandal that is faced by the company Regarding moral standard they
claim follow (May and Bhardwa, 2017). however normative ethics is known as they stated that is
little to ethical action but on the other hand descriptive theory is regarding this study off people

lose about moral beliefs the main difference between the normative and descriptive ethics theory
is related to one up regarding how people ought to be but on the other end one is regarding how
people think is right.
PART-3
Analyzing the stakeholder perspective on the business behavior
After the big scandal in 2016 that is of Samsung boss’ retrial for bribery charges begins as they
have lee who is the chairman of the company have to face various problems at the time of this
scandal (Mallicoat, 2018). The stakeholders of the company works to promote all the ethical
business that includes decision making and they also keep their focused on creating long term
sustainability that is by emphasizing a stable customer base which is also used for the employee
wellbeing a better corporate image and corporate social responsibility. The decision that are
taken by the stakeholder that is regarding the perspective based on the business environment it
includes fair and equitable distribution of the corporate profits that is also empowering the
business decisions which also include stabilizing employment. After that scandal the stakeholder
of the company are very strict that is they have started providing the better view which is to
focus on the managing corporations along with this it will be also used for promoting long term
that is also focused towards ethical decision making and by paying the attention that is for the
company terms as the common good. Mainly the stakeholder perspective in the company works
on improving the profitability so the organization and their long run sustainability.
According to the case study in that it is given that the boss and the executives of the company
were also in the problems. In addition to this after the bribery scandal there were many
stakeholders that were affected. In august 2017 lee jay- young was sentenced in prison for the
five years. On the other the share price of the Samsung was dropped down after this Samsung
boss’ retrial for bribery scandal rat is at 6000 South Korean won that was approximately
equivalent to the $5.06USD and approximately around 12% of the share price of the company
was also fallen down. Because all this consequences the board of the directors and the
shareholders along with the chairman were not happy from this stock price shock. Along with
this the government of the South Korean was also punished as received similar at the park and
were suspended from their position in addition to this also her secret confident was also
sentenced by the choir. Adder the year the company was looking for the number of the biasness

that is as a metaphor which will result in growth and success (Cassese, 2020). As there were
many stakeholders who were involved in these scandals which have created an extreme tarnish to
their reputation and which have also resulted in mislead to the many other business that is down
towards an unethical behaviors.
Although the stakeholders of the company were believed that they are beneficial for the company
as the lee at the time of third generation heir have also believed that it will also result in maintain
the control and having the government of the country having his side that is like the business
operations following an unethical basis that are been investigated and can also result in
backfiring the parties that are also involved in the scandal that is decided by the stakeholder.
Therefore by all this there were also different number of the parties who were also beneficiated
that includes the three new CEOs which were appointing at the time of the first quarter in the
year 2018 along with this it has also involved the new president of the south Korean which have
also gained the position that is by clearing the political state. From the perspective of the
stakeholders the lee was also attempting to maximize the revenue of the company by maintain
the control that is at the time of the merger and his envious by breaking the law which is
unethical. As per the perspective of the stakeholder it is also a highly unethical that is to be
embezzling money that is by reducing the profits of the company. In addition to this the ethical
perspective is deemed as the unethical behaviors of the lee which is utilitarianism,
consequentialism and Kantianism (Walsh, 2021).
CONCLUSION
By summing up the above report it has been concluded that there was big scandal that was faced
by the Samsung Company along with the Reporter also given the information that is of corporate
social responsibility. With the assistance of the World Report it is also explain about the different
approaches that are used in a case along with it is also given the information about normative and
descriptive business ethics theories. Lastly it is also explained about the stakeholder perspectives
on the business behavior. However the case study has also given the full report of the scandal
that was faced by the Samsung Company along with its effects.

REFERENCES
Books and journals
Cassese, F. P., 2020. INCLUSIVE DIDACTICS. Giornale Italiano di Educazione alla Salute,
Sport e Didattica Inclusiva, 4(1_Sup).
Mallicoat, S. L., 2018. Women, gender, and crime: Core concepts. SAGE Publications.
May, T. and Bhardwa, B., 2017. Organised crime groups involved in fraud. Springer.
McCord, B. E., 2020. Preliminary Examination of Methods for Identifying the Function of
Stealing (Doctoral dissertation, Southern Illinois University at Carbondale).
Miller, J. J. and Schoepfer, K., 2017. Legal aspects of sports. Jones & Bartlett Learning.
Oberding, J., 2018. Ghosts and Legends of Nevada's Highway 50. Arcadia Publishing.
Park, G. Y., 2019. NORTH KOREA, THE LEFT, AND THE RIGHT: FREEDOMS
RESTRICTIONS IN SOUTH KOREA (Doctoral dissertation, Monterey, CA; Naval
Postgraduate School).
Partridge, C., and et.al., 2017. CELEBRATING 50 YEARS OF COMPUTING’S GREATEST
ACHIEVEMENTS. Communications of the ACM.
Plitt, S. and Plitt, J. R., 2017. A Jurisprudential Survey of the Tort of Spoliation of Evidence:
Resolving Third-Party Insurance Company Automobile Spoliation Claims. Conn. Ins.
LJ. 24. p.63.
Rim, S., 2018. The Nut-Rage Case: A Legitimacy Challenge Against Korean Air.
Walsh, R. S., 2021. Key Cases in Forensic and Criminological Psychology. SAGE.