Case study Example | Topics and Well Written Essays - 1000 words - 7

Case Study ExampleThe only lacking portion is the enforcement of strict sanctions and rewards mechanisms which would ultimately discourage the employees to even consider bribery or manifesting corrupt behavior.2. The steps instituted by Siemens Global to root out corruption is already extensive and comprehensive. As noted, there must be a brass of rewards for compliance and sanctions for non-compliance. Likewise, since there is an aspect of cultural element that have considered bribery as unwrap of their organizational culture, there should be vigilance and regular monitoring of the performance of all employees regarding conformity to the zero-tolerance policy through performance appraisals, random checking, and imposition of stricter penalties for violations, as deemed necessary.3. Yes, one strongly believes that given the massive scale of old corrupt transactions that involved billions of dollars through the years, the financial penalties were merely about 3.75% of their 72 billion yearly sales, which was not even commensurate to the usual percentages (a minimum of 5 to 6% of the contracts order to a maximum of 40%) accorded to bribery in their previous dealings. Therefore, they should have been imposed additional financial penalties to hurt so much that they would not ever consider bribery and corruption in occurrent and future undertakings.4. Siemens can therefore move beyond compliance to develop a sinewy ethical climate by being more vigilant and ensuring through frequent monitoring, training, and performance military rank that all employees and officers comply with the zero-tolerance policy. A code of ethical behavior should be integrated as part of their organizational policies. Only through a system of regular check and balance, as well as conformity to transparency and accountability, would Siemens Global be able to regain an ethical culture that