Essays on Bluffing

Business

Business

Activity 1

1. It is the responsibility of a leader to earn the trust of his employees that they can have full confidence in their leader in hard times. For that, it is necessary that the leader should reflect ethical leadership qualities to gain the trust and creates a good environment of the organization. It can be said that it is the internal consistency, proactivity, and backup strategies that help leaders to prove themselves. By putting aside ego and anger while dealing with an employee, a leader can make his position strong within the organization. A clear and coherent ethical ...

Issues that Stewart and Bacanovic Faneuil missed their decisions about their stock sale

Stewart invested in Imclone upon the recommendation of her friend in spite of the company being headed by Dr. Mendelson whose reputation had come into scrutiny following the scandals at Enron. There were also indications that the Food and Drugs Agency (FDA) would not approve the cancer drug Erbitux that was poised to become one on the best performing products for the company (Jennings, 2006). Moreover, Stewart’s investment partner Dr. Waksal had placed his shares as collateral for loans. It was therefore risky for Stewart to rely on the investment. Stewart used a stockbroker who had conflicting interests with ...

Business Ethics vs. Game Model

Business ethics also referred to as corporate ethics, relates to a class of applied as well as professional ethics. Ideally, the rationale behind the establishment of business ethics is the necessity for examining ethical morals, principles and problems that arise from time to time in the business world. In light of the above, business ethics applies to every aspect of the business as long as it is related to the conduct of the entire organization or the individuals in the organization. With the extremely globalized business environment, the necessity to understand the various aspects of business ethics most important for ...

Is Bluffing During Negotiations Unethical?

Business practises' produces the ethical dilemma of bluffing negotiation tactics. As with any philosophical question about moralities there are two sides of the argument, one side arguing that it is ethical to bluff during negotiations and another side arguing that it is not ethical. Arguing on the side of yes it is moral to bluff in certain situations during negotiations is the University of California’s ethical philosopher Fritz Allhoff with her unique position. Also in support of gray area of bluffing during negotiations is James Lawrence providing legal guidelines supporting negotiators barging for their best interest. Finnally, Murrmann, ...

The article, ‘why bluffing is ethical’ by Albert Carr, strives to explain the relationship between the act of bluffing and its ethical composition. It is clear from the writer’s description that the contemporary world views bluffing as a form of cheating and is an unethical act in the business world. However, Carr explains that bluffing is strategically an approach to reveal the truth of a situation step by step. The writer provides logical instances and examples of transactional situations where people bluff, after which he explains the ethical issues behind the act. Additionally, Carr employs the psychiatric approach to link ...