Essays on Corporate Approaches - Daimler and Siemens AG Case Study

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The paper 'Corporate Approaches - Daimler and Siemens AG " is a good example of a management case study. Experts believe that the managing of employees in different geographies is becoming increasingly difficult due to various ethical issues such as unfair employment practices, child labour, corruption, ethical trade, etc. (Tulder & Kolk 2001; Bansai & Sama 2000; Enderle 1999). Business ethics in general concerned with the requirements that companies need to fulfill to conduct their businesses in an ethical manner by abiding the law of the state (Kaptein & Wempe 2002).

In order to maintain their image and reputation in the market, it is imperative for companies to focus on avoiding ethical issues. It has been found that these issues are very sensitive and may result in damaging the reputation and thereby, the revenue of the company as well (Bowie & Vaaler 1999; Buller & McEvoy 1999). Corruption and bribery have been major public concerns around many countries. This is also because of the result of press coverage of the corruption charges being levied on the public officials. Iterations in the foreign bribery laws and with the recent trend that was found very vigorous failed to keep a scanner on the issue bribery.

One of the most topical issues of business ethics is covered over the world in today’ s time in the global market. It can be defined as the study of a situation in a business, decisions and activities that had to be addressed as an issue which may be right or wrong. Thus, focused on morality or giving gifts or even bribing has become one of the common business ethical problems which have been raised huge debates and even disagreements with regards to domestic companies and most foreign companies that have various cultures.

That said, bribery is also fact of life in some of the countries. In these countries, when an international company does business they are found offering bribes to be in business (Florini 2003; Mauro 1995). The importance of considering the ethical issue of bribery is understood through the discussion of the two case studies of Daimler and Siemens AG in this paper.

Reference

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Enderle, G. (Ed.). 1999, “International business ethics. Challenges and approaches,” Notre Dame, London: University of Notre Dame Press.

Florini, A. 2003, “Business and Global Governance”, Brookings Review 21(2), 4-9.

Kaptein, M., & Wempe, J. 2002, “The balanced company. A theory of corporate integrity”, Oxford: Oxford University Press.

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Szczesny, J. 2010, “Stung By Bribery Scandal, Daimler To Hire Chief Integrity Officer”, The Detroit Bureau, viewed on November 16, 2010 < http://www.thedetroitbureau.com/2010/09/stung-by-bribery-scandal-daimler-to-hire-chief-integrity-officer/>.

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Van Tulder, R., & Kolk, A. 2001, “Multinationality and corporate ethics: Codes of conduct in the sporting goods industry,” Journal of International Business Studies, 32: 267–283.

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