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Create a 10 page essay paper that discusses Bribery and Corruption Abroad: Impact on Global Business.Download file to see previous pages... Globalization has led to conflicts between officials in the
Create a 10 page essay paper that discusses Bribery and Corruption Abroad: Impact on Global Business.
Download file to see previous pages...Globalization has led to conflicts between officials in the private and public sectors, individuals, and different groups, interacting at different levels. This is also mainly because these individuals and groups have varying backgrounds, thus their ways of perceiving virtues and values vary. Corruption and bribery are some of the major vices experienced in the business environment today. However, different cultures have different ways of interpreting these phenomena. Nonetheless, these undermine the aspect of business ethics, and therefore should be eliminated in the business environment. Different NGOs and international agencies have put in efforts to ensure the creation of awareness on these business malpractices, thus leading to a new definition of bribery and corruption. Nonetheless, the fact that companies today do not operate within their national boundaries has resulted in the misunderstanding of business rules. For this reason, addressing corruption and bribery is paramount n the present business environment, in order to promote effective multicultural management (Baughn et al 2010). Nonetheless, this paper explores the aspects of corruption and bribery in the present business world, and identifies the influence of these on international business. Analysis of the Field The field of multicultural management is important in the present era highly globalized world. This helps in the understanding of national cultural differences and the role of culture in business. This therefore, helps to develop the cultural competence of individuals, as well as critical thinking skills, which is important in order for a multicultural manager to analyze and work with individuals from diverse cultural backgrounds in a culturally complex business environment today. Companies today operate in global economy, and a multicultural world. However, the ability of companies to operate effectively has been threatened by cultural misunderstandings between companies. There have been different cases of failed mergers between companies, and other failed forms of partnerships between companies due to their cultural differences. For this and other reasons, the field of multicultural management must fulfill the role of equipping multicultural managers with skills, and knowledge on understanding the importance of culture in organization (Egan &. Bendick, 2007). The field of multicultural management contributes to the present management education thinking. This must impart in individuals personal competencies that are paramount in working and managing the present global companies. The most important personal competencies, which multicultural management should teach include tolerance for ambiguity, flexibility, and resourcefulness. Other important personal competencies necessary include cultural self-awareness, cross-cultural negotiations, multicultural leadership, global thinking, and cultural consciousness (Egan &. Bendick, 2007). All these personal competencies enable one to manage an international company in the global business world. Multicultural management today is taught in International Business, because individuals wishing to work in global companies need to be well equipped with global competencies in order for them to be efficient in their work.
