Firms may opt for “strategic corruption” says study

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Firms may opt for “strategic corruption” says study
An academic study of Indian technology firms concludes that some companies may use “strategic corruption” in order to gain competitive advantage. The research by New York state’s University at Buffalo School of Management says that contrary to the notion that entire countries or companies may be culturally corrupt, firms pick and choose when to ignore laws and regulations and pay bribes to government officials to compete with smaller rivals who are not formally registered.
Author Rajiv Kishore, PhD said that when the formally registered Indian companies were competing with foreign multinational corporations, they chose to train their employees instead of engaging in corruption but when competing with “the little guy” they may resort to illegal tactics.
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