Sieman's Scandal

Introduction
The fortune 500 company, Siemens, is one of the oldest and largest conglomerates in Germany, engineer a wide range of goods and services from light bulbs to situation stations. Though the company has a great history, in upstart years, the organization has encountered a scandal of great magnitude. In celestial latitude 2008, after a long transplant scandal, Siemens colonized out of court with the US authorities and was fined $800m. The Business ethics case shows the importance of ethical behavior and the consequences of cultural usage that encourage transplant. The following will address the key issues passim the case, the importance of ethical behavior, top counsel responsibilities, and a raillery of whether bribery should be accepted as the norm inwardly a society.
Encouraging Factors
The dynamics surrounding Siemens bribery scandal are numerous and rage from individuals that were responsible for promote such unethical behavior, and situational threats that, from an insiders perspective, made bribery the hardly way to do business. As investigations within Siemens progressed, it became transparent that corruption was more than a common way of doing business, nevertheless a part of corporations culture imputable to the industry.



Products such as railway systems, complex hospital equipment and nomadic phone networks are all products needed by administrations, more specifically, governments of developing countries. Transparency International, publisher of an annual Corruption Index, revealed that pauperization is a common trait of corrupt countries due to government officials low salaries (Gesteland, 2005). To make bribery even more tempting, German corporate tax code only made bribery illegal in the late 1990s (2010).
Siemens employees were not only feeling the pressure from a competitive market, only when directly from management and from other loyal employees. A muscular corporate culture (2010) made corruption simple; management and other employees were willing to cover-up...If you want to get a just essay, order it on our website: Ordercustompaper.com



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