Bribery is a Practice in Contemporary Business

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Bribery is an attempt that influences the decision of an individual present in the higher authority by offering them money or other benefits. Bribery does not support

business ethics, and it hampers the principles of business ethics (Dunfee & Donaldson, 2017). This practise is illegal in the world however in some places it is very common. Bribery is considered an unethical practice in the global business world, which gives little benefits to individuals. However, it is not beneficial for the company. In the 21st century, bribery becomes a random practice in the business industry. For this purpose, there is a universal acknowledgement and widespread recognition to determine the economic effect of bribery in the world. This study deals with the reasons for bribery and its impact on the 21st century’s business industry.

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