Essay about Case Study : Is Bluffing Ethical?

Essay about Case Study : Is Bluffing Ethical?

Length: 1492 words (4.3 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

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 financial position, or provide potential leverage before the business files for bankruptcy.
An ethical theory that would support this argument would be the consequentialist view. This view argues that the act of bluffing, or any act altogether, is not inherently evil. Rather, a consequentialist believes that the factor that determines the rightness or wrongness of an act is the consequence or aftermath that comes from an act. When applying this view to the case of the jewelry store, it would not matter if the company possessed the means to pay for the watches...

... middle of paper ...

...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.
Bluffing is very common, and sometimes even expected in business. It is often seen as a way of strengthening ones position and creating more favorable conditions. In like matter, entering the contract with Rolex to sell the new watches would be strengthening the position of the business. As a result of this improved position, the business could, in the worst case, have a better position while going through bankruptcy but in the most likely course of action, save the business from bankruptcy. Hence, benefitting the ownership, employees, and the Rolex representative alike.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Business School Ethical Dilemma Case Study Essays

- After reviewing the case study, Business School Ethical Dilemma, it was obvious that the Dean and other committee members responded positively to the ethical problem that related to the organizational ethics and certain employees. The Dean of an AASB accredited College of Business, Northern Kentucky University, was notified that research misconduct was occurring within the school (Carrell, 2007, p. 91). Once verbally notified, a written complaint was requested, and, eventually, a memo was sent in so documentation would be present....   [tags: Case Study]

Better Essays
961 words (2.7 pages)

Essay on Apple & Foxconn Case Study

- Foxconn: Impact of globalization on labor conditions. Hon Hai Precision Industry Co., Ltd which trades as Foxconn Technology group or as the media calls it Foxconn has been in media limelight recently due to labor problems that have surfaced from the organization. Foxconn is a major equipment manufacturer supplier to electronics giants like Blackberry, Apple, Microsoft Xbox, Sony PlayStation and the Nintendo Wii. The internet has several articles and controversies regarding the deplorable worker conditions and cases of suicides by the workers....   [tags: Foxconn Case Study]

Better Essays
2511 words (7.2 pages)

Essay on Principal Miller Case Study

- Leaders in the school have hard decisions to help make on a daily basis. They need to evaluate their decisions to make sure they are ethical and effective. Administrators need to listen to all sides of a situation and evaluate all options before they make a decision. This process is difficult because administrators need to make sure that all parties involved are satisfied with the decision that was formed. The Requested Change case study In the case study with Principal Miller, he had to make a decision to change the instruction program or to keep it....   [tags: Decision Making Case Study]

Better Essays
1523 words (4.4 pages)

Mid Term Case Study Essay

- Mid term case study Problems Lael Matthews is facing an ethical dilemma issue. She need to decide which of three managers to promote. Each manager has their advantage and disadvantage own, and Lael’s superior has his or her own preference and concern as well. Lael have to make a decision that is moral, and hopefully can satisfy all the parties involved. According to the article, “Thinking Ethically: A Framework for Moral Decision Making”, developed by Manuel Velasquez, Claire Andre, Thomas Shanks, S.J., and Michael J....   [tags: Case Study, analysis, solution]

Better Essays
1238 words (3.5 pages)

Essay on A Beautiful Mind: Case Study of Schizophrenia

- “A Beautiful Mind” movie is based on the case study of real life mathematician John Nash who suffered from schizophrenia. The aspects of schizophrenia affected John Nash in many ways. Ethics is defined in the textbook as, “Are the tools or behaviors that one employs to achieve a desired outcome. Means can be either good or bad. Ends are those outcomes that one desires to achieve”(Polgar &Thomas, 2008). The movies case study, include the sign and symptoms, social effects and treatment of schizophrenia and how it took a toll on his overall career....   [tags: Schizophrenia Case Study]

Better Essays
1112 words (3.2 pages)

Essay about Ethics Case Study: Clinical Psychologist

- As the result of a colleague’s sudden serious illness, a clinical psychologist is asked to teach a physiological psychology course, which is definitely outside his area of expertise. The course begins in one week. The department chair recognizes that the psychologist is not competent is this area, but he is as qualified as anyone else in the department and is the only person whose schedule can accommodate the course. The course is required for graduation, and several seniors will not graduate at the end of the semester if they do not take the course now....   [tags: Psychology Case Study]

Better Essays
1255 words (3.6 pages)

Case Study - ICANN New gTLDs Essay

- Executive summary: Stakeholders are the key parts which assume an imperative part in working of an association. To execute any new extend at an association level or in division stakeholders estimations might be think about as they assume a key part in an accomplishment of the task. In reference to the case study ICANN executed a new project gTLDs to enlarge the backing for stakeholders in which government and specialized groups have more stupendous power and get to on overseeing exercises. Table of Contents: Introduction --------------------------------------------------------------------------------------------- 04 Analysis ---------------------------------------------------------------...   [tags: ICANN Stakeholder Case Study]

Better Essays
2487 words (7.1 pages)

Board Leadership: The Hewlett- Packard (HP) and Pretexting Case Study Essay

- The problem to be investigated is the ethical dilemmas faced by Board members that impact their ability to be effective leaders. This problem relates to the ethical issues raised in the Hewlett- Packard (HP) and Pretexting: Spying on the Board case study which was an examination of leaking Board sensitive information and the investigation of board members. As such this essay explores key factors relating to: (a) the drivers for the investigation and the tacit approval of this conduct; (b) issues of legal versus ethical conduct; (c) issues missed when analyzing the pretext decision and; (d) the governance strengths and weaknesses of the HP board....   [tags: Case Study]

Better Essays
1283 words (3.7 pages)

Fraud Case Study Essay

- Embezzlement has become more common in the last few years. No one knows for sure whether the problem has increased due to the bad economy, less ethical behavior among employees or other attitudes toward the government or businesses in general. Charleston, South Carolina is no exception to the rising number of fraud cases. Every year more cases are being discovered and exposed to the public. One such case is the embezzlement of cash from a county owned garage. The embezzlement case of Martina Moultrie Richardson will be discussed as well as types of evidence desired in this case, methods/procedures for gathering the evidence and procedures for cataloging and maintaining the evidence....   [tags: Case Study ]

Better Essays
2087 words (6 pages)

Texaco Case Study Essay

- Symptoms of Problems at Texaco Identification of Root Problems and Unresolved Issues Highly qualified African-American employees filed a class action suit against Texaco in 1994, stating that the company failed to promote African-American employees to a higher position and it failed to compensate them in relation to Caucasian employees in similar positions. Throughout the investigation of Texaco if was found that documents would potentially damage Texaco were being withheld. When secret tape recordings from Texaco executives revealed not only vilely insensitive racial attitudes but it also demonstrated the eagerness of the executives to withhold any and all sensitive internal documents per...   [tags: Business Case Study]

Better Essays
995 words (2.8 pages)