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Org 670 Siemens

In: Business and Management

Submitted By wzwhk8
Words 289
Pages 2
Jan 10, 2013
Case Study 1 – Siemens

1. In our opinion bribery is an unethical practice but through the eyes of Siemens and many other countries temporally the opinion of what constitutes unethical practice is in the eye of the beholder. Different countries over the long history of Siemens have added, removed, and modified their bribery policies. But, Siemens obviously hid the fact that they were bribing to obtain business so through the very act of hiding they are deemed unethical.

If Siemens took the money they spent on bribery, lower the bid on the contract, show quality and build a loyal relationship over time then they could have invested the same amount and not had to face the burden of the image issues and the fines. In addition, they could have also leverage equity in their company for business in other regions.

2. We feel that the board was right not to extend his term as CEO. Because under his leadership employees were able to find loopholes to bribe businesses that led to the scandal. In order to move forward with a better image and remove itself from the scandal Siemens would have to show a change in leadership.

The positive impacts of his departure on the company were a stronger internal compliance and controls and corporate governance. The greatest negative impact would be his knowledge and his clout within the German business world.

We believe that Siemens is at fault. They and a large amount of employees participated in a high amount of secret bribery over a vast empire sparling throughout the world. They also continued the behavior until they were caught. If they were left unchecked they probably would not have internally corrected their...

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