Answer:

Introduction:

The CEO faces the choice of giving a bribe to secure a government order or refusing and risking the loss of the order. Balancing financial gain and ethical integrity is crucial in deciding the course of action.

Body:

Arguments for giving the bribe and getting the order:

1. Financial gain: Giving the bribe may secure the order and ensure the financial stability and growth of the company. It can protect jobs and livelihoods of employees.
2. Competitive advantage: Winning the order can strengthen the company’s position in the market and enhance its reputation, leading to future business opportunities.

Arguments for refusing to pay the bribe and risking the loss of the order:

1. Ethical integrity: Upholding ethical values and refusing to participate in corrupt practices is crucial for personal and organizational integrity. It maintains trust with stakeholders and preserves a positive reputation.
2. Long-term sustainability: By refusing to give the bribe, the company can demonstrate a commitment to fair business practices and attract ethical partners, customers, and employees, leading to long-term sustainability.

A better way to get out of this dilemma:

• Exploring legal and ethical alternatives:
  • Transparency and documentation: Communicate with the concerned officer and the department about the company’s commitment to ethical business practices. Provide comprehensive documentation of the superior quality and cost-effectiveness of the offer.
  • Engage with higher authorities: Seek support and intervention from higher-level authorities within the government department to address the issue of bribery and ensure fair evaluation and approval processes.
  • Whistleblower protection: If necessary, consider reporting the bribery attempt to relevant anti-corruption agencies while ensuring protection for whistleblowers.
• The merits of this third way:
  • Upholding principles: The company maintains its ethical values and refuses to engage in corrupt practices, preserving its integrity and reputation.
  • Promoting systemic change: By reporting the bribery attempt and engaging higher authorities, the company contributes to exposing corruption and fostering a culture of transparency and accountability.
  • Long-term benefits: While there might be short-term challenges, taking a stand against bribery can attract like-minded partners, customers, and employees, leading to sustainable growth and success based on integrity.

Conclusion:

It is important to consider alternative solutions that prioritize integrity and explore avenues for fair competition and transparency in the procurement process.