Procurement Ethics and Performance of State-owned enterprises in the United States
Procumbent ethics is critical in enhancing the performance of organizations. The study's objective was to look at state-owned enterprises' procurement ethics and performance in the United States. The study adopted the explanatory research design. The target population included six federal-owned enterprises in the United States. These enterprises included Commodity Credit Corporation, Federal Crop Insurance Corporation, Millennium Challenge Corporation, Pension Benefit Guaranty Corporation, Tennessee Valley Authority, and Federal Crop Insurance Corporation. The key respondents in the study included managers and support staff. Questionnaires were used to collect the data. The study found that procurement ethics is positively and significantly related to performance. The ethic procurement ethics include demonstrating high levels of integrity, transparency and accountability in the procurement process. The study concluded that integrity in leaders includes being honest, trustworthy and reliable in an organization. Leaders with integrity act per their words and accept their mistakes instead of hiding them, blaming their team, or making excuses. A leader has to set a good example and be honest with the other members who contribute significantly to achieving organizational goals. Understanding the way to improve accountability in the public sector is essential to ensure sound management. Transparency creates trust and encourages information sharing, which is critical in the organization. Leaders demonstrate accountability by taking responsibility for the outcomes of their actions and decisions regardless of the consequences. The leaders with integrity act per their words and accept their mistakes instead of hiding them, blaming their team, or making excuses. The study recommended the leaders of the enterprises need to set a good example and be honest with the other employees who contribute significantly to achieving organizational goals. Leaders in the government of the USA are supposed to carry the torch as noble servants of society and must never exploit their obligation to serve the public and also the fatal distractions of pride and vanity should be highly avoided. It is also recommended that the federal state enterprises be regularly checked by the agencies responsible for oversight.
Keyword: Procurement Ethics, Performance, State-owned enterprises, United States
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