International Business Essay Example | Topics and Well Written Essays - 1500 words - 14

International Business - Essay Example Corruption refers to abuse of power or position by government officials in order to attain illegitimate personal gain. Corruption is a complex political, social and economic phenomenon that affects all nations since it undermines democratic institutions and slows down economic development since investors shy away from investing in countries that are deemed to be corrupt. Corruption occurs in the forms of bribery, nepotism, extortion, patronage, embezzlement and influence peddling. Corruption is closely linked to organized crimes such as drug trafficking, terrorism and money laundering. Corruption is perceived to be widespread in some nations than others due to the historical, cultural and differing levels of economic development. Countries with more developed economies and histories of British rule are perceived to be less corrupt due to traditions and values of democracy and good governance inherited from Britain rule. The definition and legislation on corruption differs across nations since there are different sanctions and penalties for engaging in corruption. Some countries define corruption as the bribery of public officials while others define corruption as the soliciting and acceptance of gifts. In other nations, corruption is broadly defined as the abuse of public office for personal gain while others define corruption as the possession of unexplained wealthy. In many nations, the civil and criminal law provide for provisions that determine corruption related offenses and enforcement measures such as penalties and jail terms for engaging in corrupt activities. In other countries such as emerging markets, there are anti-corruption agencies that are responsible for investigation of corruption-related offenses and making recommendations for prosecution of the offenders. Active and passive corrupt practices are criminal in countries like Singapore, China and Hong Kong and bribery of public officials in

Key Change Management Issues related to Organizational Structure Essay

Key Change Management Issues related to Organizational Structure - Essay Example Large Builder plc is an organization that has performed consistently in the highly competitive construction sector in the United Kingdom even during the years of low economic growth.   It has survived and profited as a result of its ability to make quick and farsighted decisions related to investment, market positioning and cost-cutting. In order to take advantage of the upturn in the housing market, Large Builder plc has decided to acquire a small, regional housing developer, Small Firm Ltd. This acquisition is however expected to be performed with retaining most of the current employees of the Small Firm Ltd. and by using their existing market base. While this decision is expected to bring in an expansion in the revenue base, the merger and integration of Small Firm Ltd. with Large Builder plc would require considerations over and above the financial investments and legal deals that would go in the acquisition.   There are several important and distinct differences in the two o rganizations, owing to their different sizes and structures that need to be taken into account while ensuring that Small Firm Ltd. is able to perform the functions and adopt the business processes as envisioned by the Large Builder plc. Further, the two organizations have been managed in an entirely different cultural environment – Large Builder plc having a professional and corporate culture and Small Firm Ltd. practicing a small family-like culture. The above differences in structure and culture need to be understood at the onset as well as pre-empted with a strategy of integration to facilitate a smooth collaborative organizational environment post the proposed acquisition. The following sections will therefore contain a discussion on   the key change management issues that need to be taken into account when integrating Small Firm Ltd. into Large Builder plc.