bribery in business : is it a modern way of doing business ?
|March 9, 2012||Posted by Britul under Painful|
bribery in business : is it a modern way of doing business or a modern way of doing organised
bribery in business has many dimensions.
It can take place cross organisationally. Means, persons from one organisation can bribe senior personal of other organisation to get some jobs done or to get some professional advantage over its rivals providing the same service to the organisation.
Say, organisation “X” is taking some service from organisation “Y”. Now organisation “Z” has newly come up with the same service as that of “Y”. Now, to compete with “Y”, and to capture the market, “Z” may bribe senior officials of “X” who are in a decision making position and can influence the decision whether to take service from “Y” or “Z”.
Another form of bribery in business is the bribing to the government officials and ministers to influence the decision to pass regulation which will benefit the existing and upcoming business proposition of the organisation. E.g. A
Company manufactures CCTV cameras along with other supporting facilities required for installation and maintenance of surveillance systems. Now, the company may bribe high level govt. officials and ministers in education ministry(or MHRD) to pass a regulation regarding installation of CCTV surveillance system in schools which is not available now. The minister along with his bureaucrats will try to pass the resolution that CCTV surveillance system should be implemented in all schools. From this the company may get benefited.
It is not necessary that bribe is always in the form of money. It can take the form of corporate gifts.
Goodwill bribing is another form. Here bribe is not demanded neither it is promised. But the goodwill between the decision making authority and individual often influences the decision to benefit the individual. This is because of the goodwill, which is fed and enhanced by means of periodical gifting in festive occasions etc. e.g. high level govt officials having goodwill with corporate of some organisation can influence decision to benefit the organisation. Here bribe is neither promised by the organisation nor demanded by the govt official against any specific beneficial decision. But the organisation maintains overall goodwill with the official and also offers gifts and holiday travel packages at arbitrary periodicity.
You may also like :