Solution
Soumi answered on
Aug 24 2020
Running Head: HOSPITALITY MANAGEMENT 1
HOSPITALITY MANAGEMENT 2
HOSPITALITY MANAGEMENT: BRIBERY IS A PRACTICE IN CONTEMPORARY BUSINESS
Word Count: 2042
Table of Contents
Introduction 3
Discussion 3
Concept of Bribery 3
Globalisation and Bribery 5
Bribery in Industry Affecting Corporate Social Responsibility 5
Cu
ent Business Trends and Bribery 6
Ways of Preventing Bribery in Organisational Management 7
Conclusion 9
References 10
Introduction
The modern day business market has become very competitive; it has reached a saturation point where more than one company is offering the same type of pricing, products and services, making it hard for partnering companies to make their decisions. With the sole intension of bagging profitable deals and gain competitive advantages organisations often slip in considerable amount of money, in the form of
ibes. Considering the impact
ibery has on business performance in the market and the way it is termed unethical raise a lot of interest about the assessment of the topic of
ibery. In previous decades, the frequency of
ibery was very high and it was existent even on national and international levels, making a range of researchers to invest their time and efforts in exploring, assessing and discussing the topic of
ibery in management, such as economic aspect of
ibery,
ibery and human psychology and many more. In the cu
ent assignment, a farther discussion is conducted on the areas that relate to
ibery and yet has not been discussed in earlier literature, such as the social reason for the existence of
ibe in the 21st century.
Discussion
Concept of Bribery
The concept of
ibery is very old, and the sole purpose of
ibery is to meet personal gains with ease. As defined by Benk, McGee and Budak (2018),
ibery is the method of offering a person in power, some tangible or intangible rewards to do a task that would benefit a person’s interest in a biased way. Bribery is the practice that encourages co
uption and makes people do unethical favours to individual groups and persons. In earlier times,
ibery had two major distinctions in their form of approach. Firstly, there was monitory
ibery, through which any person, positioned in a particular post was asked to do biased preferences for a person who is offering additional money or tangible assets. On the other hand, intangible
ibes such as promotion, vesting of power and personal privileges were used to manipulate the decision making of a person and direct it in favour of the person making the offers. As opined by Button, Shepherd and Blackbourn (2018), intangible offers were made to persons that were places in higher positions in an organisational body.
Over the years, the concept of
ibery has changed, especially in the context of organisational framework. As seen in the context of modern business market, the aspects of quality, performance and ethical aspects have increased in their effectiveness in making business refined; however, the aspect of
ibery is still existent. As mentioned by Jeong and Siegel (2018),
ibing techniques have changed and become more disguised and lucrative. It is a fact, for the consistency of organisational profit making and business growth; employees are positioned in places that have limited monetary and power distribution. Through the practice of
ibing, employees are given additional privileges that they could not resist and exchange of that additional offering do tasks that either undermine the level of equality of services or do tasks that are ethically prohibited. The concept
ibery, as assessed by Sampath and Rahman (2018), depend heavily on the principle of personal gain and utilitarian philosophy, which places the personal gain as the ultimate objective of a person, even when the unethical practice harm the interest of others. As the very basis of
ibery is dependent on personal gains, it has been consistently existent in the business sectors such as hospitality industry, where personal preferences are value highly.
Globalisation and Bribery
The popularity of globalisation has indirectly,
ought the practice of
ibing to a whole new level,
inging
ibing among employees to inter-organisational terms and dealings. Globalisation has generated huge scope for smaller and local companies to evolve into bigger organisations on one hand, and on the other has increased the level of competition for the bigger organisations in the market. As observed by Jensen and Malesky (2018), due to the similarity and close proximity of business offerings, corporate giants themselves have to adapt the unethical practice of
ibery. The main purpose of companies that
ibe on international and local levels, is securing a better economic...