bribery
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Which of the following points of view do you agree with and why?
1. Although giving gifts shows respect in some cultures, bribery has no place in international business operations. Businesses that condone it enjoy an unfair competitive advantage over those that don't.
2. Bribery is used in many countries as a way of cutting through bureaucratic red tape a expediting business deals. One could argue those opponents of bribery in the business context are preaching cultural imperialsm.
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Solution Summary
Although giving gifts shows respect in some cultures, bribery has no place in international business operations. Businesses that condone it enjoy an unfair competitive advantage over those that don't.
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1. I fully agree with the point that businesses that indulge in bribery do enjoy an unfair competitive advantage over firms that prefer to stay away from it. In countries like India where corruption is quite high, especially among the government or public sector employees, companies often use bribery to gain significant advantage over others by speeding up the bureaucratic processes such as those related to obtaining permissions, clearances etc. or to obtain preferences in circumstances such as securing contracts for large projects, winning bids,etc. Thus, companies which prefer to act ethically by not ...
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- BCom, SGTB Khalsa College, University of Delhi
- MBA, Rochester Institute of Technology
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