PHL 227 Case Study I Is Bluffing Ethical? The recent financial crisis and thereafter recession sent shockwaves through the U.S. economy. Many businesses had to scale back, file for bankruptcy, or even close altogether. The jewelry business is no different, increasing levels of unemployment and stagnant wages caused many to limit their discretionary spending. In our example, the jewelry chain turned to debt financing to ensure the survival of their business. However, this practice was unsustainable, which put this business in a position where filing for bankruptcy was an enticing prospect. In spite of their struggling financial position, the Rolex representative for the business presents an interesting proposition, the jewelry company can enter a three million dollar, debt financed, commitment to sell a new line of watches that could potentially save their business. This presents an ethical dilemma, does the jewelry business enter the commitment knowing they do not have the funds to meet it? The act that would the greatest good, or rather the fewest negative repercussions, for the greatest number would be to purchase the inventory from Rolex in hopes it would solidify their …show more content…
Carr believes that in business, it is expected that while operating within the legal framework that a business will attempt to leverage its position. In our situation, the business owner made it known that the company was not in a good financial position even before the Rolex representative had attempted his pitch. So, the Rolex representative, knowing that the business was not in great financial shape, attempted to enter into an agreement with the company. Therefore, his potential choice to enter the agreement would be entirely ethical. The business owner did not break any laws or attempt to intentionally misguide the representative concerning the position of his
Business ethics focus on what constitutes something being right and wrong. In the world of business, ethical and moral principles are applied by companies and individuals in situations that arise in everyday activities in the workplace. Typically these principles are based on our personal values, and they ultimately determine the end results of our decision making process. We should remember that business ethics is not a different type of ethics, nor one that is solely used in the workplace. The ethical standards we use to guide our decisions in our personal lives should be equally applied to our corporations and workplace activities. With that being said, is it ethical to use the tactics that Philippe Kahn did to generate momentum for his business?
I was assisting Vince in a deal with a new potential buyer. He offered a structured deal stating that he would authorize his company to pay a higher price, if we report selling the product for a lower price. I don’t want to get caught doing this, because I know it is unlawful. Vince reassured me it was not an uncommon deal, and that the product would still be going for a good price. We even had a solid plan on what to say in the event that people suspected us of doing such a thing. The buyer could get half the money, Vince and I could split the other half and no one would ever know.
requirement for strategic ethics, which increases the likelihood that business will fail. The company does not appear to have any respect for the intrinsic good of their employees, their customers, or their distributors. Based on the premises of virtue ethics, strategic ethics, or the basic fundamentals of good corporate governance, there is no reason for Benji to sign the contract and accept the job offer.
Unethical behavior is a behavior which is not morally correct. When one is encouraged to embrace unethical behavior and actions, they are "trapped." They are psychological in nature, and such traps distort perceptions of what is wrong and what is right. One actually ends up believing that his or her unethical behavior is right and ethical. If one is not aware of their behavior it is hard for them to tell if their behavior is actually acceptable and ethical. Just like in the Stanford Prison Experiment, the volunteer guards adopted to their new roles. Within hours of beginning the prison experiment, some of the guards began to abuse their power and harass prisoners in that experiment. The volunteer guards behaved in a sadistic and brutal manner.
Pretexting is the use of deception or misrepresentation to obtain information and achieve a desired negative effect or advantage over an unsuspecting party. The issue of pretexting illustrates one of the many “blurred lines” of ethicality in the legal profession. An attorney is strictly prohibited from engaging in “conduct involving dishonesty, fraud, deceit, or misrepresentation” under ABA Model Rule 8.4(c), yet some attorneys use deception as a means to find evidence to support his or her claim in a case. I disagree with the assertion that such practice should be innately considered unethical. Undercover investigations led by attorneys aimed at uncovering political corruption, discrimination, and organized crime have been around for decades, and operations of such activity is unlikely to end any time soon.
People face ethical dilemmas every day. But it is perhaps, most prevalent in the law enforcement profession. Law enforcement officers face ethical dilemmas constantly. Some of the ethical issues that police face each day are: racial profiling, officer discretion, police officer loyalty, police officer abuse, and interrogatory deception. This paper will discuss the purpose of interrogatory deception, ways in which it is used, some of the current debates over the practice, and a landmark ruling in the Miranda case of 1966 which attempted to cease the use of intimidation and coercion practices of the police.
Ethical behavior is significant to the development of persuasion, and important to the behavior of humans. It also influences persuasion by developing the progression of persuasion, and increasing those who are accountable for it. A person’s ethical behavior originates with morals and changes in what way an individual is required to connect to encourage effectively and dependably and finishes with who obligation it is to take responsibility in a persuasive interchange. The significance of our ethical behavior is realized within all our origins as human beings and stands as the groundwork of our different societies. We are directed by our ethical customs in the cultures which we create and live. “The persuader’s determined actions mean more under deontological ethics than under teleological ethics” (Magee, 2014). According to David B. Resnik, J.D., (2011), ethics is defined as standards for behavior
Base on Albert Carr You mean to say that business may encourage people to doing some bluffing ethical? Why, bluffing is nothing more than a form of lying! You’re advising them to lie!” Base on the statement by Albert Carr, I think that the statement is to show that the men especially have done a higher percentage in bluffing ethical. This is because of their physical and their attitude that maybe decent have create an advantage to them to done bluffing ethical. Their attitude that brave and able to explain with good example and proof that may attract people in trusting them. Usually the generation Y will be the victim. This is because they have a basic knowledge of life. Business now a day mostly lead by a men. So a men will done a strategy to find the victim that suitable to be lie and easy to trust someone. Record show that before the 2000 there are many men have monopoly the sales industry. A show lot of profit, but increasing of legal action is higher. Many victim was reported.
In the following case, Luke is involved in a very perplexing conflict, or Ethical dilemma. This situation is an Ethical dilemma, and not just a regular “everyday” problem, because to Luke there might not be an obvious answer. He can also be thinking that both choices, keeping his commitments of confidentiality and telling his brother, Owen, are both correct things to do. If Luke tells his brother about the project, then he might concur with a theory known as Breach of confidentiality. “Breach of confidentiality occurs when someone gives away information that was supposed to be kept private.” (GENB4350 Online Lecture, Ethical Reasoning 1). By Luke breaching information that is supposed to be kept secret, he will betray the trust of his company
Chapter 4 Question 4. What ethical issues are raised in the promotion of sales during a service transaction?
There is a lot of debate dealing with the ethics of business bluffing. Some say that the bluffing is ethical and that private life morality does not deal with business concern. Likewise, the ones against business bluffing on the grounds that it is an unethical behavior argue that bluffing amounts to deceiving the consumer or any other party within the business cycle. They also disagree with the proponents of bluffing that business morality is different from private life morality; they suggest that there is not much difference between the two and thus bluffing cannot be justified as ethical. Just like poker, business is largely a game that involves strategic bluffs. Business and private life worlds are completely different and the two thus demand
Regarding the ethics of persuasion there are many principles that are involved in it and in my opinion reciprocity is an ethical principle of persuasion. Mainly because it allows effective communication among others. According to Rothwell, “Persuasion allows free choice among available options” (24). Reciprocity gives people the option to give and receive with the opportunity of free choice. Throughout this discussion I will be explaining the ethical principles of persuasion like reciprocity and the not so ethical principles of persuasion such as scarcity. I will also touch base on what it means to be an ethical communicator and some of the factors that enhance ethical communication, such as being in a constructive communication environment
In “No Edit,” written by Randy Cohen, a new ethical dilemma is beginning to unveil itself with the number of students applying for college starting to grow yearly. Teachers are beginning to question if editing a student’s college essay application should be considered cheating or if it is even ethically correct. This is an example of ethics in everyday life, and how a person should work through situations to make the most ethically correct decision. Ethics, as defined in “Ethics—The Concept of ‘Right’ and ‘Wrong,’” is a complete branch of knowledge and can be easily placed in moral philosophy” (The Concept par. 2). In “The Cheating Game,” written by Carolyn Kleiner and Mary Lord, it is mentioned that “competition for admission to elite colleges has transformed the high school years into a high-stakes race where top students compete for a spot on the sweet end on the curve,” (The Cheating Game, par. 10). In addition to students competing for highly competitive spots at high-end colleges across the nation, surveys “notes that 50 years ago, only about one in five college students admitted to having cheated in high school … studies show that figure has exploded, to anywhere from
Albert Carr argues that business is a game and that business ethics differs from private life ethics that individuals practice. Carr explains that practices such as bluffing and not telling the whole truth are morally acceptable in business context. Carr claims that one cannot apply a single standard of ethics universally as situations differ from one to another. My response to such claim is that I refuse to accept that businesses cannot be strictly ethical.
As a student interested in one day starting a firm, learning the business models and its advantage is prepping me for the real world. Those models like the SWOT Analysis are bringing me closer to my dream of running my own business. Professor Sheldon’s experience in the business atmosphere has opened my mind to the experience of running an enterprise. This has helped me slowly develop my plans on what nature of business I want to enter and the stakeholders I’m obligated too. Apart from obligation I am also subjected to the laws of the land and a social responsibility. I must consider ethical behaviour in doing business as a lack of it has negative effects. Look at Enron for example, where the firm lied to their stakeholders just to keep stock prices up and later crashed the company. This resulted in many investors losing their pension and savings and now the board is serving long jail