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Bribery is definitely an unethical and illegal practice. Bribery cannot be considered as a cost of business just to get contracts for the company or securing their financial position in any international state or country.
The reasons given by the employees when they were accused with the bribery scandal was mainly focusing on one aspect. They said they did it for the benefit of the company, so that the organization could get good business and be stable in all their different business units.
The employees said in their defense that the bribery was asked to them by the employees of Enel if they wanted the contract for their company, Siemens. The employees of Siemens also defended their case by saying that the practice of bribery was common to get the contracts for the company on an international level.
In late 2006, Siemens had faced another scandal of bribery in the telecommunication department which was bribing foreign officials for securing of contracts. Accusations were also made by IG Metall Company to Siemens for bribing their unions. Many other countries like US, Italy, Greece and Switzerland has accused Siemens for having misconduct while doing their foreign business.
Siemens had practiced bribery so that they could win the contracts in the international market and become a strong player in their respective field. This is an unethical practice but it has been observed that for multinational organizations, the concept of bribery is considered a norm.
Siemens has also been charged for bribing the employee representatives of different organizations so that they can get their work done easily. The former Siemen managers were also convicted of bribing the foreign officials for getting the business contracts for their organization. The main worrying aspect is that the practicing of bribery may be spread along many levels of management and to get to the
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Furthermore, Thompson and Charlotte (127), explains that bribery involves offering, receiving and soliciting any item, which has value to the parties involved. Nonetheless, this action is tantamount to crime; in fact, various developed countries has increasingly perceiving this issue to be highly controversial.
Siemens was one of the biggest electronic manufacturing companies in the 90s and had a slogan ‘be inspired’ to help motivate the people and the consumers. However, a number of scandals have affected the company and this has resulted into the deterioration of the company’s financial situation and company’s image.
According to the report joint venture formation is a strategy adopted by many firms for entering in the international market with minimum effort and cost. Through business combination with local firms, foreign firms can attain market entry and business growth. The cooperation strategy is helpful for avoiding the unhealthy competition between firms.
Note that the international market is volatile and government regulations as well as natural market forces often hamper the operations of companies. Moreover, international corporations are not monolithic entities that function on
Siemens do their best to add to social order and the environment. They give utmost consideration to environmental and social effects within the business premises. This image of Siemens has made it a well-recognized brand name in international level. The company is
vernment projects, and to beat their many competitors in winning contradicts, Siemens management employs unorthodox methods to lure their clients into giving them contracts; Siemens Company actually bribes their clients so as to be awarded contracts.
Siemens culture of
In these industries, it is likely to have long term contracts with the customers that can be worth billions of dollars. It is precarious that Siemens Company and their challengers persuade a comparatively small group of individuals that their products
Mbunwe observes that bribery and corruption as we see it in society today are never new phenomena. This is because of as far back as two thousand years ago, the prime minister of an Indian King known as Kautilya is said to have written a book about the concepts. There is evidence of Dante regarding bribers as being placed in deepest parts of Hell.
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