Wednesday, February 12, 2003
What is the difference between bribery and extortion?
Which do you think is better?
Our teacher in General Management class just brought this up. He also teaches a course on business ethics but that's for 2nd year pa. I really never thought about it before but I knew it was around. I knew these things existed and we can't ignore this. Just for the record, before someone misinterprets what i'm saying again, Just because I acknowledge it's existence doesn't mean i'm doing the act or am supporting it. Got that? ok going back...our discussion led to our definitions: with bribery, you start the act by offering something to someone to do something. with extortion, the other guy won't do what he's supposed to do unless you give him something. Lesser of the two evils would be extortion. Because then you have no choice in the matter. You need something done and the only way for it to happen is to pay your way. Prof gave us a blind item that bribery and extortion was occurring in this prestigious bank and in a country where you least expect. We're guessing somewhere in asia though.
He also talked about Walmart who was supposed to go to a certain Asian country (guess who?) but since it's government was asking for money and whatever else...they decided to pull out altogether. So maybe you do have a choice. As long as you're one of the best businesses in a first world country. Tell that to the other smaller, struggling companies here and they'll shrug at your need for a reality check. Sigh. Sad ain't it?
Which do you think is better?
Our teacher in General Management class just brought this up. He also teaches a course on business ethics but that's for 2nd year pa. I really never thought about it before but I knew it was around. I knew these things existed and we can't ignore this. Just for the record, before someone misinterprets what i'm saying again, Just because I acknowledge it's existence doesn't mean i'm doing the act or am supporting it. Got that? ok going back...our discussion led to our definitions: with bribery, you start the act by offering something to someone to do something. with extortion, the other guy won't do what he's supposed to do unless you give him something. Lesser of the two evils would be extortion. Because then you have no choice in the matter. You need something done and the only way for it to happen is to pay your way. Prof gave us a blind item that bribery and extortion was occurring in this prestigious bank and in a country where you least expect. We're guessing somewhere in asia though.
He also talked about Walmart who was supposed to go to a certain Asian country (guess who?) but since it's government was asking for money and whatever else...they decided to pull out altogether. So maybe you do have a choice. As long as you're one of the best businesses in a first world country. Tell that to the other smaller, struggling companies here and they'll shrug at your need for a reality check. Sigh. Sad ain't it?
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