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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 …show more content…
Personal ethics cannot be the in same manner as personal life of the business person.
Bluffing is not lying. Bluffing is deceiving someone to believe that you will do something. Lying is making false statements and being untruthful. For example, a person asks a car salesman for their best price for a certain car, most people would not believe the price quoted to be the actual best price for the car. Instead, the confident buyer of the car will take the price quoted by the salesman as the negotiations starting point. It would therefore be wrong to imply that bluffing is unethical since both the seller and the buyer are positioning them self to maximize their opportunities. The buyer negotiates the price in order to purchase the car at the lowest price possible, while the seller does his best to sell the car at the highest possible price. Therefore, there is no violation of ethical conduct. In the business game, everyone is looking for an opportunity to get the best out of the
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However, this is a farfetched assumption since it is blatantly wrong to give the impression that business can be equated to an ordinary game. In arguments that support the notion that bluffing is ethical in business, they fail to address and to consider dangers of individuals getting absorbed in the idea of game and thus fail to pursue the true objectives of business. If business is actually a game and not real, then it is possible for the players to act in a manner that eliminates the results of the real world when making important decisions. Such assumptions might have severe consequences and implications on the individuals who have made such assumptions. In bluffing, students might be trained to see business as a model of a game in which they view people as numerical symbols or units of some kind. The moral sensitivities are then attuned to winning only. Such attitudes would in most cases lead to behaviors that are unethical and such decisions would not be in the interest of either the society being served or by the business
According to Merriam-Webster’s dictionary, lying means to tell an account of an untrue event or give false information.
1) Starbucks’ legal case strategy legal maneuvering cannot be considered as ethical. The company tried to use its power in order to weaken the small company that already was much weaker. It is obvious that Black Bear had much less finances than the Starbucks did, and that is why legal procedures were exhausting the small company financially. The maneuvering, undertaken by Starbucks, had the aim to destroy the Black Bear Company, and thus to reach its target in the legal proceedings.
As John Ruskin once said, “The essence of lying is in deception, not in words.” This essence is debated in “The Ways We Lie”, written by Stephanie Ericsson, and “Doubts about Doublespeak”, written by William Lutz. In “The Ways We Lie”, Ericsson talks about the different ways people lie on a day to day basis. By comparison, in “Doubts about Doublespeak”, Lutz discusses the different forms of doublespeak that many individuals frequently use. Lutz considers doublespeak as a language that distorts the meaning of words in order to deceive another person, and only “pretends to communicate” (83). Although both authors agree that lying is about the use of deceptive language, Ericsson describes this use of language as occasionally being necessary,
(Mallor, Barnes, Bowers, & Langvardt, 2010) Business ethics is when ethical behavior is applied in a business environment, or by a business. There are many situations that can arise in which a person is experiencing an ethical dilemma. They have to choose between standing by their own personal ethical standards or complying with their companies ethical standards. In some instances, some have to choose whether to serve their own personal interests, or the interests of the company.
Lying is simply an act of not telling the truth, and this definition of lying will be used in future sections of this paper. There are three groups of lies t...
Do you agree with Schmeltekopf that business schools are not preparing students well for the for the ethical challenges they will face in the workplace? Why or why not?
She lies to the bank so she doesn’t get charged with “$60 in overdraft fees”, out-and-out lie. She does not tell the truth to her husband about her day so he does not “[keel] over,” white lie. She lies to her clients so that she does not get fired for telling the truth about the reason she is late. She lies to her friends so that her friend’s feelings do not get hurt, (Ericsson 181).All of these are justifiable because of the intent. There are consequences to telling the truth in these cases and thus Ericsson needs to lie to avoid the
A false statement or a statement intended to deceive someone is known as a lie. Of course, there are many different types of lies. There are those blatant lies that have no truth in them whatsoever, lies of omission, and half-truths.
Discuss the strengths and weaknesses of Albert Carr 's position in "Is Business Bluffing Ethical?" You may consider his analogy between business and poker, his ideas about bluffing and lying, the similarities between his view and Friedman 's stockholder theory, or anything else that seems worth discussing. (Unit 7)
The movie “Glengarry Glen Ross” presented a series of ethical dilemmas that surround a group of salesmen working for a real estate company. The value of business ethics was clearly undermined and ignored in the movie as the salesmen find alternatives to keep their jobs. The movie is very effective in illustrating how unethical business practices can easily exist in the business world. Most of the time, unethical business practices remain strong in the business world because of the culture that exists within companies. In this film, the sudden demands from management forced employees to become irrational and commit unethical business practices. In fear of losing their jobs, employees were pressured to increase sales despite possible ethical ramifications. From the film, it is right to conclude that a business transaction should only be executed after all legal and ethical ramifications have been considered; and also if it will be determined legal and ethical to society.
Lying is when you purposely tell someone something you believe or know is false. If you told someone something you thought was true, but then it ended up being a lie, you simply have just given false information. Lying is obviously not an ideal thing to do, but sometimes it may be necessary. Here are the four types of lies.
Ethics are the driving force behind good business. Every ethical choice made by a professional can and will have a much different outcome than any unethical choice. Bad ethics can ruin many aspects of a business and as (Gaye-Anderson, 2007) states how quite easily the lives and professional reputation of the employees can even be severally damaged (para. 3). Everything from morale to motivation can be severely affected by poor ethical choices. Customers will take their business elsewhere. Employees will abandon ship. Other, competing businesses reap the benefits of the bad moral choices. Ultimately, the entire business can be brought down by one poor ethical choice.
Ethical business practices include assuring that the highest legal and moral standards are observed in your relationships with the people in your business community. This includes the most important person in your business, your customer. Short term profit at the cost of losing a customer is long term death for your business.
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.
Business nowadays encounter with a lot of moral challenges in today’s global economy. Everyone is thriving to be more successful than their competitors, to make their next profits, to keep their job, to earn a big bonus, or to compete effectively. There exists temptation to bend lines, omit information, and do whatever it takes to get ahead of their competition. Many business employees and executives succumb. Sadly, the theme becomes...