Not giving bribes to corrupt governmental officials is a very laudable approach but does it yield results in
terms of enhanced profitability etc? Might financial measures improve as a result of refusal to bribe? I can
see costs being saved but in a wider context how might this relate to CSR? Mordi et al (2012) suggest
that CSR in any country is open to various interpretations. How might you deal with this issue in your
organisation?
Martin, K.D., Cullen, J.B., Johnson, J.L. and Parboteeah, K. P. (2007) Deciding to bribe: a cross-level
analysis of firm and home country influences on bribery activity, Academy of Management Journal, Vol.
50 Issue 6, p1401-1422
Mordi, C., Opeyemi, I.S., Tonbara, M., and Ojo, S., (2012), Corporate Social Responsibility and the Legal
Regulation in Nigeria. Economic Insights – Trends & Challenges. Vol. 64 Issue 1, p1-8.
Corruption is one of the unethical practices in society. Many o government projects stall
because of improper utilization of the available resources. Initiatives and strategies, as well as
laws, exist to help deter corrupt practices.
Fighting corruption is laudable in every society as it helps to avoid misappropriation of
resources. If the corruption is eliminated, the government retains enough money and resources
enabling it to render better services to the members of the public. Government spent its revenues
in providing resources and, therefore, absent of corruption means more developments (Martin et
CORRUPTION 2
al., 2007). Profitability is also geared to improve as resources can be invested with an aim of
increasing investments. Therefore, it is clear that corrupt affects profitability and the ability of
the government to provide services.
If people refuse to take bribes, is an indication of improvements in the financial
measures. Bribes affect the economy and, therefore, it is important that, financial measures
undergo improvement to ensure that the rate of bribes reduces. Furthermore, this saves costs.
Costs saving relate to corporate social responsibility issues. The business has a moral obligation
for a company to work closely with the families, workers, and community. If the company has
put in place appropriate measures that deter bribes, it reduces costs and the money channeled into
their CSR initiatives uplifting economic level of the community members.
CSR in various countries is open to different interpretations. Therefore, it is important to
understand how an organization deals with this (Mordi et al., 2012). In my case, I would treat
CSR as the obligation of the organization to work closely with the community it operates in.
Therefore, the organization will have a duty to ensure that it protects and uplifts the lives of the
people through various ways.
References
Martin, K.D., Cullen, J.B., Johnson, J.L, & Parboteeah, K. P. (2007). Deciding to bribe a cross-
level analysis of firm and home country influences on bribery activity, Academy of
Management Journal, 50(6), 1401-1422.
Mordi, C., Opeyemi, I.S., Tonbara, M., & Ojo, S., (2012). Corporate Social Responsibility and
the Legal Regulation in Nigeria. Economic Insights – Trends & Challenges, 64(1), 1-8.
