Bribery As An Unethical Activity Within Business - 781 Words

This thread will focus on the subject of bribery as an unethical activity within business. The purpose of this work will be four-fold - to provide a definition of bribery, to examine the practice’s prevalence in the global business environment, to reveal the locations where bribery is most prevalent, and to inspect bribery’s relation to the concepts of biblical Covenant, hesed, and mutual accountability. Examples and support from the textbook, course materials, scholarly sources, journal articles, biblical integration, real world business scenarios will validate the claims for this thread. Definition Bribery is â€Å"a questionable or unjust payment often to a government official to ensure or facilitate a business transaction† (Lawrence Weber, 2014, p. 105). The giving of money, the providing of a scholarship or gift, and the creation of favorable publicity are all forms of bribery (Sanyal, Samanta, 2011; Sanchez, Gomez, Wated, 2008). Within international â€Å"bribery†¦a†¦firm from country A offering financial or non-financial inducements to officials of country B to obtain a commercial benefit† (Sanyal, Samanta, 2011, p. 153). Bribery is an unethical and illegal activity, as demonstrated by the passage and enforcement of the U. S. Foreign Corrupt Practices Act (FCPA)(Lawrence Weber, 2014). Scholarly research reveals that bribery is a two sided process consisting of the supply side - the firms who supply the bribes - and the demand side - the individuals receiving theShow MoreRelatedSocial Implications Of Business Ethics1601 Words   |  7 PagesA ssignment 3 Social implications of business ethics Introduction In this assignment I have been asked to describe the social implications of business ethics facing a selected business in its different areas of activity. I have then been asked to assess these social implications of business ethics. The business organisation I have chosen for this assignment is ‘Boots’. 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