The Bribery Scandal at Siemens AG Case Study Example | Topics and Well Written Essays - 1750 words

The Bribery Scandal at due south AG - Case Study ExampleBasically, the bribery scandal at Siemens critically demonstrates how employees were gnarly with unethical behaviours, which lead to an irrevocable damage to the companys reputation and the ultimate profitability and advantage (Marsh, 2007). Founded in 1847, the company made their listing in the New York Stock Exchange in 2001, where they were rated as the most efficient and profitable company. Never the less, the business world fell in 2006 when around 30 Siemens offices and private homes were raided based on the notion of bribery, fund embezzlement, and evasion of taxes, a raid that led to the unc all over of what is said to be the worlds largest corporate bribery scandals. It was evident that Siemens had knotty itself in bribery and other related business malpractices. In essence, three main tell aparts focus on failure of employees to hold fast on the ethical standards in relation to personal communication and transver se cultural business relationships. First, the want of cultural sensitivity, over and above, unfamiliar global practises greatly contributed to an abundant surround in which exploitation and manipulation of other companies was witnessed. Second, short time focus on making the make through contract negotiation, and special bribes pulled out poor decision process from the managers of the company. In addition, there was lack of accountability, compliance, and transparency by management, a situation that permitted Siemens employees to involve themselves in fraudulent behaviour (Sims, 2007). respectable Contemplation According to utilitarian approach on ethical matters actions are right once they master maximum good for maximum number of people. Although not all people will be favoured by the decision made, the overall is that everyone will be in a better position as compared to the previous situation. Needless to mention, that the act of bribery at the time seemed to be a cost effec tive issue as the company was able to secure some of the important contracts through the use of bribery that acted as the fraction of the monetary funds that the company expected in relation to the whole deal. Of important to business line is that, there was dire need to keep the company in business and the use of bribery facilitated it survival, over and above been able to continue with their operations and provide of the society in term of social responsibility, vocation opportunities, as well as, paying taxes (Thiel, 2007). Conversely, Siemens AG bribery scandal has a permanent touch on on the owners and or shareholders and the company itself which may not be easily realised. In essence, the reputation and believability of the company would be compromised a situation that