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Bribery at Siemens - Essay Example

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Summary
Bribery can be succinctly defined as the condition on which an individual or any business entity can dictate their amount of money they require from the…
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Bribery at Siemens
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Bribery at Siemens

Download file to see previous pages... 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 ...Download file to see next pagesRead More
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