SOC10236: Doh, Husted, and Yang (2016) – Applied Ethics and Sustainability

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MAS7596
Applied Ethics and Sustainability

Doh, Husted, and Yang (2016) state that corruption and bribery are considered to be major problems for multinational corporations, especially in developing countries. They mention that the effects of bribery and corruption degrade the progress, growth, and sustainability of multinational organizations. However, the researchers it is undoubtedly important to analyse these issues by critically reviewing overall consequences of it in the operations of multinational organizations. Leisinger, 1998 mention that in public sector, corruption leads to erosion of tax concessions because of evasion of taxation. This causes an increase in the cost of doing business by discouraging private investment because it raises the uncertainty for expected returns on investment. As government intervention is extremely necessary for multinational companies to operate in an economy, the major effect of corruption is that it distorts competition by hampering trade and inhibiting investments, adding up to the destruction of the economic developments of a country and ultimately impacting on society and governments.
However, Leisinger (1998) report states that the governments, especially in the cases of developing countries, function independently – operated by setting their own rules and regulations and intervened in the operations of these corporations to develop new norms so as to
grow to derive the benefits of them working in their country.

Ning (2017) mentions a method in which the flaws related to corruption and bribery can be filled in, by joining hands with local companies (joint venture). The author goes on to say that when an MNC enters a corrupted host country, it can be in the form of joint venture so that
the local knowledge (political information of the state), as well as the resources that are available locally, can be acquired as a complementary asset. In contrast, if a foreign firm wants to have a whole control of the organization, it faces difficulty in terms of expansion and growth in the target market of the corrupted country. Another way to bridge the ethical gap is by wholly purchasing already existing companies in the local economy (Ning 2017). This leads to maximum control over internal and external matters of the organization without any conflicts. Overall, ethically, is it acceptable for a government to permit the existence of a corrupt official or group officials?

Question:

1) Explain why your specific ethical problem is important and in need of analysis?

2) Identify and fully reference 6 key facts relevant to the analysis of your ethical question.

3) Identify 2 assumptions which you are required to make to fill gaps in publically available information relevant to your ethical problem.

4) Analyse the ethical act central to your ethical question using act utilitarianism by forecasting three important positive and three important negative consequences.

5) Provide an ethical conclusion which compares expected positive with negative consequences including an estimate as to whether net utility will rise or fall.

6) Identify 3 virtues relevant to the analysis of your specific ethical question. Define each virtue in no more than one sentence.

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Posted on : April 09th, 2018
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