Contemporary Issues In Siemens

Once a pattern of corruption has been noticed it is easy to see that often times, the wealth was earned through corrupt practices. “Officials accept [bribes] for lavish needs and to make their living decent.” (Power of Corruption). Not only does corruption ruin the lives of others, it ruins the morality and ethical code of those who are not corrupt. This pattern of the corrupt corrupting others is ruining the faith of the public in wealthy corporations and

Someone who is abusing the power that is given to him or her defines corruption, however, the word in its self is more than a simple idea; it is an intricate network. Since people’s views about ethical and moral behavior affect the way corruption is examined, the word has a slightly different meaning to each person. Additionally, misconduct across various societies is viewed differently due to social and cultural borders. The criminal justice system has had many instances where corruption had affected the outcome of a case and has inserted itself into the legal process.

First, it is important to define what corruption is. The term, “corruption” covers a broad range of human actions,

Corruption can take many forms and can be found in many countries, but mainly in the emerging ones. The main form of corruption is the bribery in the form of payments demanded by the government or ministry officials in exchange for a favor (granting a service, awarding a business).Corruption affects all the businesses that interfere with the government, but studies have shown that certain industries are more exposed to it. These industries are construction, airline manufacturing, power plants, and oil and gas production.

The corruptin is the abusive and inefficient use of resources by trusted powers for private gain. Corruption is not committed to the rule of law, justice, human rights and the integrity of public service, and it hurts every one who's life, livelihood, or happiness depends on the integrity of people in a position of authority.Some times it's devastating impact is more visible . The governance ,transparency ,and fighting corruption is so important to sustaine economic growth.

 In regard to corruption and bribery by U.S. companies and their agents conducting business overseas, the State Department claims that the U.S. “has been a leader in the multinational effort to end bribery and corruption in international practices, a campaign... supported by the United Nations, the Organization of American States, the Organization for Economic Co-operation and Development (OECD), and other multilateral organizations and institutions” (U.S. Dept. of State). This statement clearly demonstrates that the need to address and deter corruption and bribery in the international business environment is recognized as an important initiative, worth pursuing and requiring the cooperation of many nations. Even though it took the U.S. nearly ten years to bring thirty-three countries on board to take part in a multinational anti-bribery initiative, they did so by signing the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (US Dept. of Justice, Lay-Person’s Guide).

Bribery has become a common term in the corporate world, specifically when international business deals are discussed. Until 1977, it was legal in the United States to bribe foreign officials in order to receive preference or a better business deal. But, the passing of the Foreign Corruption Practices Act of 1977 and its subsequent amendments made it a criminal act for any organization within the U.S. or foreign organization doing business in the United States, to practice any form of bribery and also required the President of the United States to engage other nations in creating similar laws. Since, many nations have chosen to band together against bribery and have formed the Organization for Economic Cooperation and Development that ultimately created the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions. This now makes it illegal to practice bribery in any of the countries that are part of this organization. While the United States and the world has come a long way in stamping out bribery, there are still some organizations that think they can get away with it but end up with massive fines and prison time. But, with so many nations banding together, one can still be hopeful for a world in which we can do business ethically with other ethical businesses around the world.

Transnational bribery and corruption are intensifying ethics and compliance concerns for companies doing business on a global basis as prosecutors pursue a record number of cases and penalties for offenses escalate dramatically.

Corruption is merely any form of dishonesty or unethical misconduct from a per-son or an authority and the misapplication of power for private gain. Corruption is both a national and regional concern that has gained a great deal of attention due to its cata-strophic consequences. Nevertheless, corruption is not a newly born phenomenon, from ancient Greece to modern Japan it is tremendously inflexible to uncover a generation in history that did not confront any kind of corruption, especially now at the time of intense globalization, when companies have abundant opportunities of investment and trade than ever before. It is undeniable that countries and companies are becoming interde-pendent on one another, which highlights that any form of corruption,

Before the 1990’s, the conventional belief was that corruption in developing countries was practically inevitable and in some cases even desirable. However, a more in-depth investigation into this issue suggests that bribery and corruption can cause significant problems for all parties involved. For example, for suppliers of bribes such as corporations, it can cause many uncertainties since the quality and the price of their products are not the only factors considered in the transaction (Hamra, 2000). Therefore, corporations are not usually

Corruption is something very common in the world today. This corruption has seriously affected the economy and resulted in misappropriation of public resources. Many place policies have not changed the situations because of lack of commitment by government in enforcing the set policies. Corruption is defined as the abuse of power for personal gain. People who are in the politics become corrupt because of greed; they want the public resources to satisfy their own needs. This term is very broad, and people perceive it differently, and thus politicians and civil society have a different definition of the term. Although there are some practices that have been defined to constitute corrupt practices, still corruption is extraordinarily broad and

It would be convenient to start this research paper by stating that corruption is a challenge mainly for businesses in developing countries and that it is unrelated to the current affliction of the economy in the United States. It would also be convenient to claim corruption has declined in America as a result of awareness raising campaigns and the numerous anti-corruption laws. But none of those aforementioned statements would be true. Corruption is not the exception, but rather the rule in today’s business practices. In 2004, Daniel Kaufmann, a senior fellow at Brookings Institution and former director at the World Bank, calculated an index of "legally corrupt" manifestations which is defined as the extent of undue influence

The broadest, most suitable definition which exists today simply states that corruption is any illegal act performed by a politician to produce results which would have been otherwise impossible (Ebbe). In some cases, government, politicians, and criminals entwine for the sake of amassing money in order to secure their own jobs. This form of corruption was apparent in the mafia’s association with the

Corruption is a complex political, social, and economic anomaly that negatively affects developing and developed countries. It weakens democratic institutions, holds economic development, widening the rich-poor gap and certainly leads to governmental instability. The World Bank definition of corruption states that “…the abuse of public office for private gain”.

This is why BenQ is acquiring this company because it has expertise and a different culture. Also, these two companies faced problems from critics and governments, but they did not despair, but they worked in partnership and benefited from some, but eventually they lost and the German government tried the Japanese company "BenQ" and forced them to improve their position and reduce losses because many employees They lost their jobs and must provide them with alternative jobs for their lost jobs. In addition to that, when they started to engage, they did not plan for future situations, and they are known about BenQ that they are reckless in making decisions and lacking planning and management. In conclusion, the German Siemens and the Taiwanese BenQ were quite different, from their national cultures to organizational cultures. Where the failure of the acquisition provided a valuable lesson for companies seeking to create their own global brand. Therefore, companies from different cultures need to develop a strategy to clearly define goals and expectations and to avoid the information gap with future