Business Ethics for Facilitating Payments
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1. Why do some countries have more corrupt business practices and lack the integrity found in other countries? What are the underlying reasons for these differences? Please be specific with some discussion. What are possible solutions to bridge the gap in the differences?
2. Facilitating payments or bribery is an acceptable business practice in many cultures. What can multinational companies and the global community do to reduce bribery? What effect do US laws have on US companies conducting business overseas in relation to bribery? Where are possible measures that can be taken to "level the playing field" for US based companies?
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Solution Summary
The solution examines business ethics for facilitating payments. The possible measures that can be taken to "level the playing field" for a United States based companies are examined.
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1. Certain cultures teach that it is okay to sell something of value-anything of value, without boundary. It is the way it has always been done and these people have no moral dilemma when completing such a transaction. This includes selling their daughters for a dowry, or taking a 'bribe' for the right to do business in their country or region. These people do not understand immediately what the problem is until they understand the differences in our culture.
Still other countries do understand our system of ethics but are controlled by warlords or governmental regimes that recognize the potential to profit quickly through bribes. They care less about being fair and more about funding, for example, a war effort in another part of the country.
Some ways to bridge the gap include accepting more students from foreign countries into our colleges and universities. These students are not only exposed but are ...
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