The objective of the business is dissimilar to that of the poker. I will also explain the difference between personal ethics and business ethics. Both customers and firms accept business bluffing and thus it goes on all the time. Most people think that bluffing both inside and outside of business should be ruled by the same moral standard. In this paper one will be able to see the differences between ethical and moral issues, the differences between personal ethics and business ethics while reading about real-world examples of common ethical problems in businesses for each of the above. For the business to be successful every promise made must be followed up by not only. One difference is the duration of the activity.
It cannot be avoided since people must make a living. Business bluffing has been going on for so long and every business agent in the past and today has been doing it. Kant strongly suggests that thinking of a logical contradiction is one way to test whether a maxim can be universalized. For customers who have been harmed by the effects of bluffing, the law stands to refuge them. Therefore, bluffing can be a tool for increasing business profits above that of developing a consequence of customer mistrust. Both of these are satisfied by business bluffing and so this theory seems to work well for business bluffing.
The theory of Carr states that in order for the business to prosper, making the most of the proceeds is the basic goal. As a matter of fact, consumers are more easily persuaded to purchase products by these over exaggerated commercials. Indeed, the attribute should be provided for a scale in which highest level of happiness should be achieved. Many business lies cannot be considered bluffs. However, Carr does not present a clear picture of how the players in the business game acquire these spoken and unspoken rules of business Carr 1968. Either, universalization is absent in any maxim which provides logics of contradiction between any two individuals. If he had just dyed his hair for the interview then it would just be bluffing as again he was just trying to get a competitive advantage by deceiving the employer by his looks.
Negotiation describes any communication process between individuals that is intended to reach a compromise or agreement to the satisfaction of both parties. Business Bluffing and the Business of Ethics A. This is done through false statement s that are made knowingly, hiding of important facts or overstressing the information so that the intended party can sideline with them. To sum it all, the Utilitarian theory is very practical in this case, because profit is the goal for most businesses and satisfying needs is the goal of consumers. These rules including bluffing are accepted by the body of the parties within a business. In the short run bluffing in business promotes sales for firms and increases profits. Applying this theory in business, bluffing can also cause two consequences, bringing more profits to the business or creating mistrust among its customers.
If bluffing were to be used by the company to maximize profits, than there would be no problem because that is the essence of the narrow version. I will also use the stakeholder theory to view business bluffing. Bluffing is a statement that goes between telling the actual truth and the actual false. Codes of conduct need to be actual living documents encouraged and valued at the highest levels. Also, once you equate ethical behavior with following the law you send a signal that if businesses need ethical improvement that means there needs to be more law and regulation of business. Does it pass the generalization test in business? So bluffing in poker is not considered morally wrong.
However, there are more advantages than disadvantages in such ethical business companies. Words: 785 - Pages: 4. It is not hard to measure which consequence produces more happiness for people. In the business world, basic obligations are not defame competitors, not flam customers. Take a good close look at your culture. Ethically, social dealings that are acceptable to humanity are compounded by horror of morality.
This is because the game is played for recreational intentions only but the business is done for profit purposes. The central point of criticism which Norman Gillespie raises in his article is that the business world is not, as Carr seems to think, fundamentally different from the rest of our lives. Assuming I have a company, here has three majorly policies should be included, honest and ethical conduct, protect customer privacy, and hold high security standards. In his article, Albert Carr makes an interesting analogy. Contemporary Issues in Business Ethics. Every rule of competition is taken as a social dealing.
It is easily known that, bluffing in product advertisement does not provide a legal promise to them but is rather a form of business strategy which helps to attract sales. Kuhn, 2005, 12 To be able to have a clearer view of the matter being reported herein, it is first most importantly to be given attention to as to how management is indeed in relation with the actual application of ethical standards within the society. This shows that business bluffing can be universalized without ceasing to exist. Thoughtful and effective corporate codes provide guidance for making ethical business decisions that balance conflicting interests. However, Carr does not consider the dangers of people getting caught up in the game idea. The next thing that came to. Various people has various perceptions about business bluffing, my plan is to investigate these different perceptions and to form my own.