Case: The Bribery Scandal at Siemens AG 1. There is no question that ’bribing’ is unethical and illegal. However‚ nowadays there are a lot of developing countries in which corruption and bribing is a common practice and large companies that are targeted to expand to those countries’ markets have no other option but to pay government officials or other demanding individuals. In the Siemens case which involves bribing for contracts it is partially understandable if the company’s convicted managers
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Miguel Villagrana May 8‚ 2015 SP2750 Research 5.1 Diversity in Groups Intercultural communication is a form of communication that aims to share information across different cultures as well as social groups. It’s used to describe the wide range of communication processes and problems that naturally within a group or socially that’s made up people from different backgrounds like religious‚ ethnicity‚ social and their education. Some refer it to communicating among individuals from different nationalities
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Materiel Acquisition Management MGT 5084 Case Study – Sopraffino Goes Global Sopraffino is a single business based on Italian heritage‚ founded in Danville‚ California in 1998. Sopraffino is known as first class or super fine in Italian. The company started transacting business focused on selling gallery items‚ beautiful gifts‚ and furniture. After six months that the business has been in existence‚ the company declared a small amount of net income which is not enough to cover the company overhead
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ASSIGNMENT CASE STUDY : XEROX NORAZENI BINTI AHMAD KAMARUZAMAN 2013251298 NOOR ZURA WATI BINTI AHMAD 2013671988 AZATUL KAMARUL ARIFFIN BIN HASSAN 2013620482 EXECUTIVE MASTER OF BUSINESS ADMINISTRATION OCTOBER 2013 QUESTION 1 Q. How would Xerox define diversity? Xerox is the world’s largest technology and services company in the computer that specialized in document management with recent annual revenue of $21.6 billion. The company defines diversity as equal
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1. • In your opinion‚ is “bribing” unethical & illegal or just a cost of doing business? Discuss this in light of Siemens’ bribery scandal. We believe that bribing is unethical because it takes away the fairness of a business transaction between bidders of a contract. Bribing also has a negative impact on competition because it allows for oligopolies and monopolies to emerge in an industry due to smaller competitors being unable to financially compete with the amount of the bribes. This in
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1) What explains the high level of corruption at Siemens was how it was legal at one point in time to offer bribes‚ but once the law changed‚ Siemens continued to do brides that was once legal but now illegal. Also‚ when the company continued bribery‚ Siemens transferred money into a hard-to-trace bank in Switzerland to protect their business and help them win contracts. Managers rationalized it as the bribes being useful money‚ but in a way they were still making profit‚ and bribes were used as
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who are offering their product in the refrigerator market. Among them Samsung‚ General‚ Whirlpool‚ Kelvinator‚ Shacklock‚ Toshiba‚ sharp‚ Rangs‚ Butterfly‚ are most widely known brand. And Siemens is one of the leading electrical and electronics manufacturing company in the world with global presence. Siemens refrigerator is basically a European brand with an international image. In Bangladesh it is targeting the niche market for their home appliance products commencing their marketing strategy as
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1. Silver question from the week 12 reading. Describe the role of silver in global commerce between 1450 and 1750. According to Strayer’s text‚ silver in the global commerce between the years 1450-1750 “went around the world and made the world go round”. My interpretation of this would be that the world and global commerce during this time depended on silver to thrive. Silver became the top reason for trade during this frame of time. The first link to be developed between America and Asia was brought
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proposes program called “The Global Resources Dividend” (GRD)‚ which is supposed to eradicate poverty in the world. Pogge builds up the program on principle claiming that each individual has “inalienable stake in all limited natural resources” (2001‚ p. 61‚ p. 66). In other words‚ ideally all limited natural resources should be used equally. However‚ it is almost unrealizable objective to divide territories in present terms. Notably‚ current
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Global Business Ethics Case Study Sophie and Carling Ltd. Paris‚ France 1. What are the main ethical issues? a) Corruption: Soroprom CEO handled $75‚000 in cash to Sophie‚ thanks for work and this serves as a gift to her. Sophie accepted that because she wanted to use this money to pay her lawyer’s bill to keep custody of her children. b) “Necessary sex” for the interests: Sophie attracted her supervisors‚ male co-workers. She used “necessary sex” to achieve her ambitious goal‚ she became
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