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When business risk is appropriate and when it is not

Certain types of payments are appropriate. Not in other business matters. This article discusses three types of mutual gifts, bribes or kickbacks – and how to differentiate between them.

A kind of business support that is ethical and appropriate would be a gift, something that is given to someone without the expectation that you or the company will do something for that person in return. Such a gift will usually be of little value, designed to evoke warm, positive emotions and compliments, or to be given as a friendship and to continue a good relationship. ۔ For example, some general gifts that would be ethical and appropriate include a bottle of wine, a flower, a frame photo, a small souvenir of some activity, a calendar, a poster, or a large set of small embossed gifts available through special advertising houses Returning numbers that may be personal. Gift with recipient’s name. As an example of the general acceptance of such small gifts, many of these premium services are accepted in the business community. Some owners, even on the board of local chambers of commerce, indicate that there is widespread support for such premium gifts, which are given in a practically acceptable, ethical way. Some members of the chamber also offer prizes for raffles, designed to identify the company, but there is no string attached to the prize winner. So as a company manager, you can offer such a reward ethically.

However, offering a bribe or kickback would not be ethical. A bribe is a gift or financial payment to influence someone to do something, while a kickback is a monetary payment of the price paid after a gift or exchange. The difference between giving a gift and giving a bribe is that the bribe is so big that it affects someone to do or not to do something, whereas kickback is paid after the fact that there is no such expectation with the gift. Is. For example, an expensive free trip through a bribe can lead to a trip to a destination in exchange for promoting a hotel or resort through a hotel or resort, while a kickback is a free trip after the contract expires. Can provide Most hotels or resorts offer free travel to reporters, meeting planners and travel agents to introduce their hotel or resort, but it is ethical if reporters are not expected to write a favorable article. Yes, so the meeting planners have to make a reservation. Meeting there, or that travel agents have to support their hotel or resort rather than any other hotel or resort would be a better deal. However, it is ethical if journalists, meeting planners, or travel agents voluntarily decide after the trip what they want to do based on what is best for their readers or clients.

The important thing in drawing the line between what is moral and what is not moral is the size of the item to be offered as a gift and the expectation that someone will receive the item in response to receiving it or receiving it in the future. The giver will benefit in a way that they would not otherwise do but work to receive the gift. This influence would be even more ethical if it were harmful to the recipient, such as offering a lesser service or more expensive than receiving a gift. Worse violations would be the offering of products or services that are harmful, such as sending tourists through a wholesaler who has inexperienced guides, resulting in the death or injury of some participants.