Ethics and Business Practice

One of the many ch eachenges facing pedigreees today is how to harmonize their organization, work and professional moral philosophy in line with the prevailing concern normals and environment. Beckton Dickinson lies amongst a rock and a hard place. They would want to carryout their job activities rigorously adhering to not only their organizations policies and ethics but also the stipulations by the US government that vehemently criminalise any form of corruption or transplant.The US laws on international bargain made it illegal for any multinational operating both at foot or in foreign territories, to learn in any malpractice that seeks to influence a decision by any government, installation or individual. Many multinationals in particular in Eastern Europe, Asia and Africa where there no pissed laws on tendering, substantiate been known to oblige kickbacks to influence the process. The individuals and the account decision makers bottomland tendering atomic n umber 18 also known to rent for gifts and kickbacks so that they would favor a limited beau monde. These gifts or commissions may range from a small gift to a great amount of money.Beckton Dickinson guidance team strives to restrain high standards that embrace directness and honesty, and pass water designed a guide advocating for the same. They keep back issued clear guidelines to their employees detailing the companions expectations on the proper conduct and business practice both within the unite States and globally. This guide touches on the issues ranging from political office to what is considered to be a gift. The employees have raise their reservations on these guidelines and would wish the amount in regard to what is acceptable in hurt of gifts to be defined according to the regions involved.Kickbacks and bribery as indicated in this report is not only a problem limited to any specific corporation, industry or government. It is a universal problem that equall y requires global attention. It has permeated every aspect of business life and practice. An analyses of the problem would reveal that virtually all the parties involved play a berth in perpetrating the vice. The big corporations atomic number 18 in business and would want to infra all cost secure the most profitable deals. Beckton Dickinson would in no inquiry wish to expand its sales and bear its market leadership position in supplying health sector appliances.To keep its competitor a bay it energy be forced to engage in malpractices to secure the contracts. The tendering individuals also may be asking for bribes as well as the government officials. This problem hence is not perpetrated by a single company but by almost all the players. World opinion of late count to be tilting towards unanimity in the indispensability to establish grim anti-corruption laws in the procurement departments. Bribery is a vice that leads to morals and societal degeneration. In condoning th is vice the perpetrators be threatening the social good.The principle of integrity, circusness and honesty be being threatened. It is unequivocal that steps be taken to soften this menace to undertake that fairness thrives. subaltern businesses atomic number 18 being threatened, as many of them cannot afford the bribes and kickbacks. There should be tight adherence to business ethics to take aim the playing field and look into fair competition. Performance expectations gap is the gap that exists between what the society and shareholders expect the company to take in in terms of performance and what it (company) rattling delivers (www. abrema. net).The shareholder and the state have insisted on the adherence to the stipulated laws as coldaway as proper business ethics is concerned. The accountants and auditors of Beckton Dickinson are having it rough and are in a dilemma as far as accounting fro the gifts and the kickbacks is concerned. The company has issued clear guidelines on the require business ethics. It is advocating for mandatory compliances on the side of the employees. The employees especially the personnel on the ground claim the situation is antipathetic and tends to lean more on bribery and kickbacks.If you dont pay for the gifts, the vie companies willing do it and clinch the tender. The company has not been able to harmonize its ethics to encompass all levels of its operations. There should be distinct guidelines in the different regions. Whereas many gifts may be considered honourable in for example the United States, in lacquer it is a different story altogether. The company should not abet bribery in some countries while being strict in opposites. However the recent steps taken by the company is a positive indicator that even though the problem is serious, the organization is taking foolhardy steps to curb it.The top management has flown into the regional branches to train the personnel and accent mark on the compan ies stand as far as business ethics are concerned. The trend is not expected to switch over overnight. Gradually the company will fall upon its key objective and instill case in this workforce. The situation though in the internationals scene will take broad to change. The remedy to curbing this un honourable practice requires a multifaceted approach, an approach that will encompass all the players involved. There are different approaches that can be taken in this.Some scholars claim that the big corporations are to blame, having recognized a weakness especially in the developing countries systems of governance they have been known to use all dexterity of strategies ranging from intimidation to bribery. Hence in shutting those unethical practices, corporations have to be at the forefront. Self-regulation of these companies has to be emphasized, change must take place from within rather than without (www. newstarget. com) compliance with the ethical guidelines by Beckton Dicki nson is a step in the right direction and should be emulated by other players in the industry.The key to unlocking this ethical deadlock however, many will agree, lies in the government structures and policies themselves. The United States for example issued the stipulations on business practices and ethics as far as bribery and kickbacks are concerned. This greatly reduced the cases as bribery as corporations can now be face with legal actions upon contravention of the rules. It is upon the governments as the key decision makers, to streamline their procurement rules to ensure fairness, transparency and accountability. Legal redress should be provided to the aggrieved parties.Although the corporations and the society have a role to play the governments hold the key and should be the one to initiate this change and ensure stiff penalties to the defaulters. Reference Dani Veracity, Bribery in medicine how drug authorities, Big pharmapushers and other medical racket operations lay o ff ethics for powers and profits. Last updated on January 10,2006. Retrieved in 23/09/07 from http//www. newstarget. com/016676. html ABREMA. Activity found risk evaluation model of auditing. Retrieved on 23/09/07 from http//www. abrema. net/abrema/expec-gap-ag. html