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Business Prospects in China Pegasus International Inc
Words: 800 Length: 3 Pages Document Type: Essay Paper #: 99812221
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The Case of the Million Dollar Decision

Pegasus International Inc Company faces a moral dilemma concerning whether it should expand in a new country, China, where bribery and ‘dirty services’ in businesses have been normalized. Despite the bribe-taking norm, a growing company in China is estimated to generate $100 million annually, and this will be a tremendous opportunity or payoff for Pegasus (Hackworth & Thomas Shanks, 2021). Simultaneously, although Pegasus Chief Executive Officer (CEO) wants the company to survive while maximizing shareholder value, he also wishes to maintain ethical leadership. For instance, a CEO’s ideal corporate culture is characterized by honesty, respect for all, integrity, and teamwork.

Should the Company Pay the Bribes to Enter the Chinese Market?

The company should not pay bribes to enter the new market. However, this should not limit them from expanding their investment in China. To deal with this moral dilemma, the company should…

References
Global Business Ethics (n.d). Retrieved from https://saylordotorg.github.io/text_international-business/s07-04-global-business-ethics.html
Hackworth, M. & Thomas Shanks, S.J. (2021). The Case of the Million-Dollar Decision. Retrieved from https://www.scu.edu/ethics/focus-areas/business-ethics/resources/the-case-of-the-million-dollar-decision/
Jones Day Publications. (2010). The Foreign Corrupt Practices Act: An Overview. Retrieved from https://www.jonesday.com/en/insights/2010/01/the-foreign-corrupt-practices-act-an-overview
Orr, G. (2014). A Pocket Guide to Doing Business in China. Retrieved from https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/a-pocket-guide-to-doing-business-in-china#