Question

2. Discuss the differences or similarities in the causes of corruption in government versus business.

Answer 1

2.

There are differences in the causes that lead to the corruption and sometimes one entity becomes the corruption in another entity also.
The first cause of corruption in the government is red tapism and lack of accountability towards the work being delivered by the government, whereas the one cause of corruption in business is to get personal benefits in lieu of facilitating the particular decision. Here, it can be said that poor organizational culture and lack of ethical practices lead to corruption in the business. The second cause of corruption in the government is the allegiance and support of the political parties and lack of transparency in work. It sets delay in work and people and business pay to quick and favorable facilitation of work. The businesses also want favorable decisions in projects where the government intervenes so they pay bribes and move ahead with favors. It brings corruption in business. Agency conflict is another cause of corruption in the business.
Some of the causes are similar in government as well as businesses. One such cause is the lower salary and wages that propels employees take the unethical route to earn more. The second common cause is the lack of regulatory framework in government setup and businesses that lets employees go out of net easily and continue their corrupt practices.