Albert Carr’s Business-Theory Assignment
Write 300 words on discussion and respond to two articles with 200 words eachWrite 300 words for discussion with 3 peer reviewed references
- Discuss why Goldman Sachs was a disciple of Albert Carr’s theory of “business is a poker game and we are all bluffing.”
Respond to two articles with 200 words each
Article 1
Goldman Sachs was acclaimed after a $ 550 million deal with the Securities and Exchange Commission. People said he had acted dishonestly as the sum was too low compared to the organization’s earnings (Lartey, 2020). For the above explanation, he was seen as a devotee of Albert Carr’s hypothesis that “business is a game of poker and we are generally pretending”.
Both Goldman and Carr share the belief that poker and business are rivalries and that any match can benefit from it. Business is a powerful area where you can win or lose. Alberts Carr has accepted that a company resembles a poker game where the ultimate goal was to win, but to do so, it doesn’t have to conform to the moral guidelines that run it (Von Kriegstein, 2019). Poker players use their brains and tricks to crush their rivals. Additionally, Carr has accepted that some organizations go so far as to cheat and hide their own qualities and procedures. This is good as long as the misfortunes do not spill over to the parts that were not included directly.
Pretending is a procedure used to hide what is top priority. It is an essential segment of any business, as it seeks to persuade everyone to agree and is considered a component of the deal (Koop and Meadowcroft, 2018). Some, however, believe that Carr has little regard for corporate morale as he seeks to win. Corporate morale is established to improve relationships and build corporate esteem. Ultimately, for Carr, it’s an obstacle that specialists have placed there to limit productivity and business practices when all is said.
Tagline
How much of Enron’s blame goes to the controllers and steering? Why could they not distinguish the previous misrepresentation?
References
Koop, C., & Meadowcroft, J. (2018). Regulation, rent-seeking, and business ethics. The Routledge Companion to Business Ethics. London: Routledge, 359-375.
Lartey, F. M. (2020). Ethical Challenges of Complex Products: Case of Goldman Sachs and the Synthetic Collateralized Debt Obligations. International Business Research, 13(6), 115-115.
Von Kriegstein, H. (2019). Oxymoron: taking business ethics denial seriously. Journal of Business Ethics Education, 16, 103-134.
Article 2
The business volume of the poker room and those of the two openings and table games, giving a definite assessment of the poker room’s part in the full-administration hypothesis. poker came to be to a greater extent a social and sporting game played between companions, partners, or business partners in the drawing-room. In business, as in poker, Carr thought bluffing is morally advocated by business guidelines that empower the advancement of personal circumstance. a player with a low valuation can’t stand to bluff; bluffing is suggested uniquely for players who put an adequate worth on the prize (Lucas AF, 2015).
The most charitable setting for the relationship, it follows that bluffing in any a business exchange that has a comparable financial worth to that of speculative exchanging is also master tanto impermissible. administrators explicitly to run a business, they move just their business-related commitments, for example, the commitment not to misuse debacle casualties by cost gouging. the business segment of any contemporary book, shop will uncover various titles coordinated to business experts that build up the allegory of business as a game (Chen C-M, 2018).
Businessmen that the universe of business should concur an alternate moral norm from that of the remainder of society. Carr accepts that this is a precise portrayal of bluffing in poker, discretion, and business. poker players for endeavoring to mislead adversaries with their poker countenances, by similarity we ought not to denounce businesses for doing what is important to legitimately make a deal. poker where misdirection and bluffing are standards of the game: Ethics of business is down morals, not quite the same as the morals of religion (Lucas AF, 2015).
References
Lucas AF. (2015). Inspecting the Link Between poker Room business Volume and Gaming Activity in Slot and Table Games: A Closer Look at a Key Assumption in the Full-Service Theory. UNLV Gaming Research and Review Journal, 17(1), 43-63. http://search.ebscohost.com/login.aspx?direct=true&AuthType=sso&db=buh&AN=88004253
Chen C-M, Bailey MD. (2018). Presenting B2B Service Level Measures through a poker-Card Activity. Choice Sciences Journal of Innovative Education, 14(1), 37-50. http://search.ebscohost.com/login.aspx?direct=true&AuthType=sso&db=eric&AN=EJ1086612