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The paper discusses how bribery has different connotations depending on the region of the world in which business in being conducted; in the West, bribery takes place but it is generally frowned upon, but in China, cultural and religious beliefs tend to applaud bribery as a practice. The paper explores the teleological and deontological ethical theories and how they apply to companies in China who ruin their chance to realize a profit if they do not use bribes and kickbacks. The paper argues that companies should develop a code of ethics and simply abide by this code. The paper also believes that host countries and the international community should make more of a concerted effort to regulate business practices so that bribery and kickbacks do not occur.
Bribery and Kickbacks
Bribery and Kickbacks
From the Paper:"Bribery is defined as "money or favor given or promised in order to influence the judgment or conduct of a person in a position of trust, something that serves to induce or influence ("Bribery")." Kickbacks are defined as "a return of a part of a sum received often because of confidential agreement or coercion. ("kickback"). A kickback is slightly different from bribery but it is a form a bribery. Kickbacks can be particularly deceptive and in some circumstance present a danger to public health and security. Both bribery and kickbacks are present with the context of organizations regardless of whether or not they are public or private entities.
"Within the context of business, bribery has different connotations depending on the region of the world in which business in being conducted. In general, in the West bribery takes place but they are generally frowned upon. However in other parts of the world bribery is considered to be an aspect of doing business and it is actually expected. In fact in China cultural and religious beliefs tend to applaud bribery as a practice. According to Whitcomb et al (1998) Confucianism is the foundation upon which business dealing are based in China. The authors explain that there are four main ideas embraced by Confucianism."
Sample of Sources Used:
- Bartz, D. (2009) Former Home Depot worker gets jail for kickbacks. http://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSN1151101120090611
- "bribe." Merriam-Webster Online Dictionary. 2009. Merriam-Webster Online. 16 June 2009 http://www.merriam-webster.com/dictionary/bribe
- Deontology or Teleology: Ethics Based on Duty or on Consequences. http://www.uiowa.edu/~c019168/168s6online3.html
- Goodman, P.S. Common in China, Kickbacks Create Trouble for U.S. Companies at Home. Washington Post Foreign Service Monday, August 22, 2005; Page A01
- Guilty Plea Postponed In $2.5M Pa. Kickback Case. http://cbs3.com/wireapnewspa/Plea.hearing.postponed.2.1045878.html
Cite this Term Paper:
The Ethics of Bribery and Kickbacks in Business (2012, January 01) Retrieved July 08, 2020, from https://www.academon.com/term-paper/the-ethics-of-bribery-and-kickbacks-in-business-149781/
"The Ethics of Bribery and Kickbacks in Business" 01 January 2012. Web. 08 July. 2020. <https://www.academon.com/term-paper/the-ethics-of-bribery-and-kickbacks-in-business-149781/>