Back to Search
Start Over
High-compliance work systems: Innovative solutions for firm success and control of foreign corruption
- Source :
- Business Horizons. 65:205-214
- Publication Year :
- 2022
- Publisher :
- Elsevier BV, 2022.
-
Abstract
- Enforcement of laws that prevent corrupt international business dealings has intensified recently. Firms have paid record-setting fines of hundreds of millions of dollars, and individuals have been tried and convicted. This escalating situation demands effective action from business leaders. Compliance has become increasingly complicated as more countries enact anti-bribery laws. To address this situation, four root causes of corruption are identified, and innovative real-world examples of solutions are presented. Combinations of these solutions can be crafted to create a high compliance work system (HCWS) to avoid corruption. Firms can formulate their own unique, innovative, and dynamic models to achieve high levels of firm success while also avoiding corruption. These models go beyond trade-off thinking, which suggests that compliance must be exchanged for performance. Pivoting away from such trade-off thinking enables innovative solutions to manage corruption risks and offers firms a sustained competitive advantage over their peers.
- Subjects :
- Marketing
Corruption
media_common.quotation_subject
05 social sciences
Control (management)
ComputingMilieux_LEGALASPECTSOFCOMPUTING
International business
Competitive advantage
Compliance (psychology)
Dynamic models
0502 economics and business
050211 marketing
Business
Business and International Management
Enforcement
Work systems
050203 business & management
Industrial organization
media_common
Subjects
Details
- ISSN :
- 00076813
- Volume :
- 65
- Database :
- OpenAIRE
- Journal :
- Business Horizons
- Accession number :
- edsair.doi...........a24c83231d54c53b7837cd794380211e