Organizations Steer Clear of Vendor Bribes - Free Samples

Question: Discuss about the Organizations Steer Clear of Vendor Bribes. Answer: Introduction: In the world of software engineering and IT, business contracts have always been seen under the risk of getting disputed and is considered as an unethical loom in public eyes. Many researchers have mentioned several ways through which condition relating disputes in IT contracts can be minimised along with ways through which it can be avoided(Maughan, 2002). Being a CEO in a medium sized software company, regular contracts and officially permitted amendments are required in order to expand business in other countries. Global expansion has never been easy in any organisation. Similarly IT sectors also have to face such conditions. While making a bid for introducing new system relating Taxes and Revenue, the agency getting bribed by other countrys government officials to win the contract cannot be taken as an ethical way to conduct business. Under the first possible scenario, taking of bribe can be considered as an advantages for the briber (here the government officials) and the Bribie. The briber bribes in order to get utmost benefits from the bribed company along with adding on additional benefits in the Bribery contract. Under these kinds of contract, both the parties involved lays down their part of requirements along with other benefits they can demand from the opposite parties. Bribie can get relieved from worrying about getting rejected. Although such agreements seem tempting, disadvantages aligned with it are also very risky. If such agreements are disclosed among other competitors or public, the bribed party are the ones who have to suffer major losses along with gaining bad reputation in professional and ethical grounds. In many countries, Bribery and Treachery laws can impose compensation and even sue the company under legal confiscation in their ethical grounds(Nichols, 2015). Under the second scenario, the situation can be tackled in more professional way by treating the bribing officials as third parties and offering gifts outside the contracting laws. In this situation, the bribing party gets their bribe but in the form of gifts. Under this situation no contract is made and thus involvement of giving and taking bribe remains outside the business. Such state of affairs are taking place highly in todays competitive world where sustaining only with quality service have become very difficult. Disadvantage related to such crime is rejection of bribed partys contract even after assuring and receiving gifts. Under such situation the bribed party has to suffer double losses i.e. one with losing the contract and other by losing money(OECD, 2007). Being a part of software IT Company who has sound ethical and professional base, the CEOs decision regarding taking of bribe will always be negative. Under no condition shall any company decide to get bribed, even if it is tempting or involved by government officials. The laws and regulations laid down in government rules and regulations do not permit anyone to get involved in unethical practices in business. Moreover, believing in companys principle and ethics is more important than selling its moral values to any foreign people(Rigdon, 2005). Therefore the best suited scenario for such situation is to reject their piece of cake and believe in own companys quality and offer. This will not only ground ethical principles in the company but also show professionalism and competent quality in CEO of the company. References: Maughan, A., 2002. 10 commandments for writing an IT contract. [Online] Available at: https://www.computerweekly.com/feature/10-commandments-for-writing-an-IT-contract [Accessed 30 March 2018]. Nichols, P.M., 2015. The Good Bribe. [Online] Available at: https://lawreview.law.ucdavis.edu/issues/49/2/Symposium/49-2_Nichols.pdf [Accessed 30 March 2018]. OECD, 2007. Bribery in Public Procurement. [Online] Available at: https://www.oecd.org/daf/anti-bribery/anti-briberyconvention/44956834.pdf [Accessed 30 March 2018]. Rigdon, J.I., 2005. Ethics Policy Can Help Organizations Steer Clear of Vendor Bribes. [Online] Available at: https://searchcio.techtarget.com/magazineContent/Ethics-Policy-Can-Help-Organizations-Steer-Clear-of-Vendor-Bribes [Accessed 30 March 2018].