Siemens Violation of Ethics

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Volume 12 Issue 13 Version 1.0 Year 2012 Type: Double Blind Peer Reviewed International Research Journal Publisher: Global Journals Inc. (USA) Online ISSN: 2249-4588 & Print ISSN: 0975-5853

Global Journal of Management and Business Research

A Case Study of Siemens’ Violation of Business Ethics in Argentine Based On Stakeholder Theory By Zhu Wenzhong & Fu Limin
Guangdong University of Foreign Studies (GDUFS)

Abstract - Hand in hand with prosper of International business brought by globalization, many ethical problems have been surfacing in the past decades: bribery, corruption, human rights issues, etc. Business ethics, as an academic discipline as well as a business practice, is becoming the focal point of waged and animated debate. The increasing attention on it generates many relative theories, among which Freeman’s stakeholder theory stands out. This paper, backed by Freeman’s stakeholder theory, conducts a case study of Simens’ violation of business ethics by analyzing its recent bribery scandal in Argentina. After a detailed analysis of the interests of Siemens’ stakeholders, it draws a conclusion of Siemens’ severe violation of business ethics, and thus suggests some solutions.

Keywords : Simens Telecommunication; Business Bribery; Stakeholder Analysis. GJMBR-A Classification : FOR Code: 150303,150301 JEL Code: M21

A CaseStudyofSiemensViolationofBusinessEthicsinArgentineBasedOnStakeholderTheory Strictly as per the compliance and regulations of:

© 2012. Zhu Wenzhong & Fu Limin. This is a research/review paper, distributed under the terms of the Creative Commons Attribution-Noncommercial 3.0 Unported License http://creativecommons.org/licenses/by-nc/3.0/), permitting all non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited.

A Case Study of Siemens’ Violation of Business Ethics in Argentine Based On Stakeholder Theory Zhu Wenzhong & Fu Limin
Abstract - Hand in hand with prosper of International business brought by globalization, many ethical problems have been surfacing in the past decades: bribery, corruption, human rights issues, etc. Business ethics, as an academic discipline as well as a business practice, is becoming the focal point of waged and animated debate. The increasing attention on it generates many relative theories, among which Freeman’s stakeholder theory stands out. This paper, backed by Freeman’s stakeholder theory, conducts a case study of Simens’ violation of business ethics by analyzing its recent bribery scandal in Argentina. After a detailed analysis of the interests of Siemens’ stakeholders, it draws a conclusion of Siemens’ severe violation of business ethics, and thus suggests some solutions. α σ

Keywords : Simens Telecommunication; Business Bribery; Stakeholder Analysis.

II.

Literary Review

usiness ethics is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. To put it in a simple way, business ethics involves the application of standards of moral behavior to business situations. Despite the fact that the concept “business ethics” was firstly proposed in 1970s and hailed as oxymoron, it witnessed a waged and animated debate as well as increased public awareness ever since. On one hand, there is a huge growth of number of businessmen who realize that pure profit-oriented corporate operation can not stand permanently in a global market where customers’ ethic awareness is increasing; on the other hand, more and more companies find themselves time and again stuck in ethic dilemmas. For instance, bribery, as one of the notorious business ethical problems, has surfaced as important issues in an increasingly interdependent world economy. The increasing attention on business ethics not only takes place in business practices, but also in Author α : PhD, Professor of School of English for International Business,...
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