Discussion 2 | Management homework help


Discussion. :

This posting should be at least 300 words. 

Discuss why Goldman Sachs was a disciple of Albert Carr’s theory of “business is a poker game and we are all bluffing.”


reply to post 1:

Goldman Sachs was a Disciple of Albert Carr’s Theory

An article is entitled by Albert Z.Carr in the year of 1968. This argues that the ethics of the business has to be the ethics of a game. A game like particularly poker. These will differ completely from the ethics that will be used in private life. Ethics of a game will be including some practices like bluffing and hiding the truth. These are all the ethics of private life which will be considered as immoral by Carr (Keenan, 2016). 

There are two errors which will be committed in the discussions in which ethics will be discussed. The first errors assuming that there will be only a theory of ethics in order to evaluate the practices of business. The second error is there will be no ethical theory at all and only the students who are young and ignoring will use ethics in making decisions. The approach of Carr to the ethics of business had an effect on the usage of game analogy (Michel, 2014). 

In philosophy, many theories will have existed. This can be understood as they will have existed on a continuum regarding how the values will be relating to one and others. This continuum will be extending from life to self-sacrifice. The view of rational egoism will say that one person should not lie for gaining value that is positive and it’s ok to lie for defending themselves during any threats because of physical force. Lies can be said even when the privacy is going to invade. 

The view of Machiavellianism will state that lying can be accepted for gaining any personal profits. In this, there will be no guidelines which will restrict the behaviour. But, there will be some guidelines in the form of rational egoism which will restrict the behaviour of one person. Carr’s approach to the ethics of business is that he is feeling compelled for justifying the behaviors of business on some other grounds and not on the basis of religious ethics. This is because money-making activities are self-interested and these cannot be justified by the code of morals of sacrifices for themselves (Powell, 2018).

reply to post 2:

To begin, request a change that has not changed during the switch. When you need motivation in business, or even starting in the transition phase in this case, one person has limited options. Or, on the other hand, a snare is easily done by the car. Breaking the laws is part of the business that helps them to grow and, moreover, if a business does not execute plans and actions that break the laws, this is best known as a bluff. If we remember Goldman Sachs very well, he is known for a $ 1 million deal with the US Securities and Exchange Commission, which proved to be very beneficial as the company’s weekly earnings proved to be very profitable. One of the famous things about Goldman Sachs. But this contradicts the amount of popularity it has received. Another point is that advertising is just demand and demand is in line with demand. Players cheat and their intelligence, and success strategies to succeed. He claims that professional workers stop treating workplace ethics as one. That means no business is allowed to vacation or inform, which promotes the benefits of being more isolated than government requirements. All we can say is that they are above average in market, law and philosophy make. The idea of a policy is less trusting, whether you are acting or thinking. Additionally, it involves cleverness and elimination of all stops so they can reach the ultimate goal of winning. Carr also said that business is generally like a poker game and knows nothing about what’s happening in other people’s psyche. This being the case, this indicates that people should use different techniques, like in the poker game, despite the fact that it is not contradictory to the law and not ethical. Once you understand the laws of the traditional method, you can make it clear that organizations need big changes and you need to incorporate them into the law and the regulatory market.

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