Which is worst practice 4 economy? Govt official taking a bribe, or a industry operator making a PROMISE - versus realistic commitment (commonplace in many industries in INdia) by taking more commitment than he can handle, thereby giving u r ttl buyers half satisfied service.
Why do many industries in India tend to over-spill their total carrying capacity? Even if it is taking 10 project in a max 5 IT project center or taking in order for 20,000 shoes p/mo when u can make only like 6k properly.
Is an industry operator doing this any less ethical than a bribe?
Industry opr's. self-overloading and Govt Official's taking bribe are co-related. Govt official's bribe taking comes even before the industry has started functioning and making profit. Therefore the Industry opr., after giving the bribe has got to take upon himself a target which he may not be able to fulfill while maintaining good quality of the product. He has to do it to recover the bribe he has given and also subsequent baksheeshes and bribes he will have to shell out in order to run his industry.
There fore he chooses to bite more than he can chew. It is unethical in a classical sense of the word. Bribe taker is the real culprit, as he is the one who sets the trend in such un-ethical practices.
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When a person starts an Industry he tends to offer bribe to speed up getting the necessary application , and when commissioned and get started he has to make promises left and right to satisfy the share holders and it is always his tendency to try to fulfill orders over his capacity by outsourcing without bothering about the quality. And as such taking bribe by the Government official is the worst practice. by accepting it and keep his eyes on many faults in the application he tends to encourage the industrialist to think that it is possible to fool all at all time.