of Global Business Professor Portillo BSAD 113W 18 February 2013 Assignment #3: Siemens Bribery Scandal Before 1999 the use of bribery in Germany was not illegal and could be deducted as a business expense in a company’s taxes. This allowed companies like Siemens to gain the upper hand and have an unfair advantage over their competition in acquiring business deals around the world. Then when the law changed‚ Siemens still utilized bribery‚ and employed bribery tactics in other countries where it
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Slide1 : Siemens AG‚ a $73 billion electronics and electrical-engineering conglomerate. Siemens is well known for the technical brilliance of its engineers‚ but much of their knowledge was locked and unavailable to other employees. Facing the pressure to maximize the benefits of corporate membership of each business unit‚ Siemens AG needed to learn to leverage the knowledge and expertise of its 460‚000 employees worldwide. Slide 2: The roots of knowledge management at Siemens go back to 1996
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Siemens Bribery Scandal By: Courtney Miano‚ Nancy Gonzalez‚ Mohamed Jawhar‚ Vernita Leslie‚ and Ferba Hines Siemen’s is classified as a large German electronics firm. In December of 2008‚ Siemens had to settle lawsuits and pay fines due to the fact that they were caught using bribes to win business all over the world. The fines totaled a net amount of 1.6 billion. Between 1999 and 2006 when the company was raided‚ Siemens reportedly paid around 1.4 billion dollars in
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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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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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[pic] Cultural Intelligence Cultural engagement‚ understanding and communication in a complex and constantly changing business environment Appendix [pic] Aalborg University‚ July 2009 Culture‚ Communication and Globalization Master’s Thesis Appendix to thesis Appendix I - 3 - INTERVIEW GUIDE - 3 - Appendix II - 6 - Interview transcript Interviewee I-C - 6 - Interview transcript Interviewee I-D - 15 - Interview transcript Interviewee I-E - 32 - Interview
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co-determination rights held for employees. Germans also demonstrate a high degree of uncertainty avoidance. They are a very analytical and data driven culture and prefer deductive approaches when presenting or planning as they are more comfortable with structure rather than ambiguity or risky situations. The high uncertainty avoidance correlates to Germany’s long-term orientation which is also validated by the employment agreements which allows employees and generations of their family to remain employed
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BUSINESS MATH Simple Interest and Simple Discount Business Math‚ Eighth Edition Cleaves/Hobbs © 2009 Pearson Education‚ Inc. Upper Saddle River‚ NJ 07458 All Rights Reserved 11.1 The Simple Interest Formula Find simple interest by using the simple interest formula. Find the maturity of a loan. Convert months to a fractional or decimal part of the year. Find the principal‚ rate or time using the simple interest formula. Business Math‚ Eighth Edition Cleaves/Hobbs © 2009 Pearson
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Patricia Prihodova Siemens Case Study Student Name: Hamad Alawadhi ID number: 112300151 1. How does Siemens seek to provide good career opportunities for employees? The entire article is about Siemens and how they manage its employees. The Culture of the company is high performance which is to encourage people to achieve high results. When you are in a company whose culture is to do the best‚ you definitely have a chance to improve your career. The Environment of Siemens Is rare whose workforce
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more complicated than domestic companies of a country for the simple reason that the countries that countries are dissimilar in various ways (McDougall‚ 1989). The fact that integration and competitiveness on the global market today
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