Business ethics response needed-2

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Discussion 1:

Question:

Discuss why Goldman Sachs (use research from the CU library for Goldman Sachs) was a disciple of Albert Carr's theory of "business is a poker game and we are all bluffing."

According to Albert Carr’s theory ethics is completely related to personal matters and in business, it doesn’t have any concerns or places. Because business is different, and the game is different. So, he clearly explained that business is a kind of poker game where one can win or lose. We can call this game a mean game where every participant wants to win at the end. The main goal of a player is to win so for this they don’t follow any ethics. For their winning they will cheat other players, sometimes they will show their cunningness towards other players and the end goal is to win the game. He also says that business is also like a poker game where we all are bluffing so they don’t know what is happening in the participant’s mind and mainly in business they don’t have ethics and no respect at the workplace. In most of the business they will simply follow the government rules and regulations. But in any business or personal life one should have ethics, or they should follow ethics. Otherwise, for business people they will see less business growth and but in personal life, we can see many changes in life. So, Goldman Sachs acted as unethical and so offensive. So thus, he reviewed Albert carr’s theory and realized that bluffing is legal, and it is expected.

Discussion 2:

Question:

Discuss why Goldman Sachs (use research from the CU library for Goldman Sachs) was a disciple of Albert Carr's theory of "business is a poker game and we are all bluffing."

“Business is a poker game and we are all bluffing” theory by Alberts Carr has to follow or trust any organization, because any business in the society will consider as a game which has to follow some rules with particular plan. Business owners might have social behavior in their personal life, but it is also important for the owners to take care of business to get success in their product and give competition with other organizations. However, the poker game is also one the business and depending on the plan people might have chance to win the game with fellow competitors, skills, capability for other opportunities. It is always important for business owners to provide the strategy for the game. In this game there is no particular rule to play ethically and everyone has right while playing the poker is bluffing and it is the rule of the game, the other person who is playing opponent should protect by themselves. Similarly, business is also a game it has some rules to follow by the government and sometimes the organization can change the plan based on their profit. The business owners have to behave like player in a company to follow some standard rules. In society the violation of business is common, but they are not required. Every year the Federal Trade Commission instructions some hundreds of organizations, mostly every business will practice the standards. For instance, a company is manufacturing a mouthwash which is very well known by everyone in the society and it is manufactured with a form of cheap alcohol which is dangerous to health. This is a common practice to bluff someone. The organization Chief Executive Officer commented after the testing the product, “We never broke the law, due to more in competition we are looking forward to get benefit, we don’t make laws and we trust them”. Bluffing is very quiet and simple; it has a strength to increase from the other position while negotiating. Bluffing is a very strong similarity with lying. It has the proper and moral acceptable negotiating.