Ethical Dilemma Of Bribery And Corruption

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Introduction

The Ethical Dilemma
In today’s society, there’s a stigma of getting what you want at any cost. Sports events and entertainment gives are something which have created a norm as leveraging relationships. The aspect of giving symbolizes appreciation or caring for an individual. Although such gestures are done from heart; significant ones just as business gifts can often surround someone with pressure to return more than a simple thank you to the giver. Gifts have the standard meaning of being a gesture or object of value given without the expectation of getting something in return; bribes share the same meaning but are often given in the hope of influence or benefit. The ethical dilemma of bribery and corruption is largely an issue
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When business and government activities become transparent, trust builds. Trust is high when people believe that things are fair and that everyone is playing by the same …show more content…
Businesses and the government have a very complicated and intertwined relationship; and based on the type of company it is, everyone has their own set of standards when it comes to ethics and behavior. Therefore in order to change the standard of behaviors, companies and the government needs to work together to change the culture to portray bribery as the negative action it is. According to Blanding (2014), “The United Nations estimates that roughly a trillion dollars in bribes is paid annually worldwide. This increases the cost of investment in developing countries by at least 20 percent. And yet, companies are mostly silent on the subject.” It is highly recommended that companies speak up against bribery, because somehow it is a very secret topic that no one wants to talk about. It is commonly said that bribery is a necessary evil in order for businesses to be competitive, but I don’t think you should have to compromise your morals or integrity for a business to flourish. There are many recommended actions to prevent bribery from occurring. Kelly (2011) says that you need to “Due diligence – it will be important to ask a few questions and carry out a few checks before engaging people to represent you. Communication – it is essential that staff know what procedures are in place. Training or

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