Nobody downloaded yet

To what extent should companies go with business bluffing in order to maximize profit - Essay Example

Comments (0) Cite this document
To a certain extent, bluffing increases the profitability without damage to the society whereas after that extent, damage to society is more than profit earned by the businessman. This paper determines that extent…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.2% of users find it useful
To what extent should companies go with business bluffing in order to maximize profit
Read TextPreview

Extract of sample "To what extent should companies go with business bluffing in order to maximize profit"

Download file to see previous pages In the present age, when the people have become very conscious regarding the environmental issues and the health and safety aspects of business, businessmen are exposed to a lot of challenges. The rise in level of social consciousness comes as a potential threat to the profitability of businesses because the two are on the two extremes of the seesaw. The profitability increases when the standards of ethics are not complied with and vice versa. Businessmen frequently make use of bluffing to maximize their profits. Bluffing in business is essentially a strategy of the like which is used in games like poker. The game strategy has no reflection in the bluffer’s morality.
When a businessman respects truth, he/she essentially considers it “the basis of private morality” (Carr). A businessman deserves respect for respecting the truth. Bluffing has become an essential component of many kinds of businesses. For example, in court, when a lawyer fights a case for a client, his/her job is to prove that he/she is not guilty regardless of what the truth is, and this is fully understood by the judge and everyone who is involved in the jury down the line. It is commonly said that the court is blind, which means that a judge can not take a decision if he/she believes one of the parties is right unless that party provides the judge with sufficient evidence against the criminal party. This is perfectly consistent with Henry Taylor’s statement, “falsehood ceases to be falsehood when it is understood on all sides that the truth is not expected to be spoken” (Carr). This description of bluffing is as valid for business as it is for poker. Corporate executives can not make independent decisions. Their actions are guided by the instructions of the top management. However, in addition to being an employee, a corporate executive is just as human as his/her manager. The corporate executive thinks from his/her own mind and is fully capable of analyzing the quality of decision enforced by the manager. Quite often, a corporate executive may not approve of the decision of the top management, but there is nothing he/she can do about it because if he/she attempts to, he/she will risk the job. Therefore, most corporate executives tend to remain silent rather than giving voice to their conflicting views, and this, for many, is the strategy of survival in the workplace. In this way, business ethics resemble the game ethics both of which are totally different from the ethics of religion. Businessmen generally maintain self constructed standards of ethics and tend to comply with them. As long as they are doing good on certain scales of ethics that they value the most, they are happy that they are conducting the business ethically and their conscience is fully satisfied. The Democrat, Omar Burleson from Texas expressed his views about his own business practice in these words: I can tell you that we pride ourselves on our ethics. In thirty years not one customer has ever questioned my word or asked to check our figures. We're loyal to our customers and fair to our suppliers. I regard my handshake on a deal as a contract. I've never entered into price-fixing schemes with my competitors. I've never allowed my salesmen to spread injurious rumors about other companies. Our union contract is the best in our industry. And, if I do say so myself, our ethical standards are of the highest! (Burleson cited in Carr). In fact, the difference arises from the disparity of perceptions about the ethical standards of the businessmen and those of the stakeholders. When a businessman says that his ways are ethical, it most often means that he/she complies with the ethics of ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“To what extent should companies go with business bluffing in order to Essay”, n.d.)
Retrieved from
(To What Extent Should Companies Go With Business Bluffing in Order to Essay)
“To What Extent Should Companies Go With Business Bluffing in Order to Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF To what extent should companies go with business bluffing in order to maximize profit

Business Ethics from Profit domain

...and the exaggeration has been stemmed by the governments. There is a possibility that time will come when business activities will be deeming immoral, but legal. In addition, laws are only applicable in nations where laws related to business are conscientious moral. A situation that is different to developing nations whose laws are less sophisticated as well as their regulatory agencies. Business Ethics from Moral rules Finally, the introduction of morality should be done externally from the law as well as from the profit motive. It is accepted by most business philosophers, and that a business which is proper is more of...
4 Pages(1000 words)Essay

Business Process Inside Companies

...? Business process inside companies Business process inside companies The paper explores the various the various business processes that take place inside a company. This is through elaborating on the processes that take place in the department of the organization. The organization in this discussion is involved in the provision of online services to customers. However, numerous departments in the organization facilitate the undertaking of operation in the organization. Administration This department has the role of managing the website in order to ensure that it is up to date in terms of the materials that it contains to be viewed by the customer. The department conducts regular updating of the website with the resent information... for the...
5 Pages(1250 words)Essay

How to Maximize Club Capital

...(euros) equivalent to $ 123 million (dollars) from Tottenham Hotspurs (an English club) where he was previously bought for € 7 million(euros) equivalent to $ 9.4 million(dollars)” (Bail 13). Selling of player jerseys is another way of making profit. Star players on the team are usually good for business because the love the fans have for them make them go and buy their iconic jersey shirts to wear and associate with them. Since the player is a property of the club, the club has rights to make any number of jerseys in the player’s name and sell them worldwide, which earn them a good amount of income. The jerseys are usually sold in outlets of the sports companies...
8 Pages(2000 words)Essay

To what extent do companies benefit

... that past performance is more strongly related to social responsibility than future performance. At a minimum, the evidence casts suspicion on the use of the Fortune reputational survey as a valid measure of social responsibility. A counterattack against the corporate 'social-responsibility' movement is taking shape. Like a political debate in which a no-show candidate is represented by an empty chair, the push for "corporate responsibility" has been notable for its lack of opponents. On issues ranging from pollution to pornography, politicians and activists of diverse ideological stripes have pressed the case that companies should balance profits against the broader social good. Even corporate America has joined the crusade... at...
8 Pages(2000 words)Essay

Life Without Go-Go Boots

...Life With Out Go-Go Boots xxxxxxxxxxxxxxxxxxxxxx the topic of the essay: Topic of the essay is "Life Without Go-Go Boots". The topic is very relevant with the theme of the essay, which addresses the amount of effort and brainstorming that a woman does to conform to some degree to the style of dressing worn by her peers, and associates. Go- go boots denote the ultimate "must have" that a women needs to possess in order to command respect from that strata of society whose narrow view of ideal womanhood is limited to high-end ready-to-wear labels or designer inspired high fashion trends and where women are devoted to...
13 Pages(3250 words)Research Paper

Precision Pricing for Profit in the New World Order

...trends are all pointing towards speed as being the most important factor in the sales process. This report discusses the concept of sprint selling by illustrating its basic elements and ways companies can implement this innovative sales approach. Sprint selling is a business technique that focuses on speeding up the time to close in order to increase efficiency and achieve better results for a company. To understand speed selling one must comprehend the consequences of going the opposite direction. All companies depend on having a cash flow in order to keep a business going. If it...
4 Pages(1000 words)Essay

GO-GO Gadgets engaged in the manufacture of computers, software’s, mobile phones and other innovative gadgets. The company was established in the year 1976 by the legendary Steve Jobs, Steve Wozniak and Ronald Wayne (Apple, 2011). The company went public in the year 1976 and is presently ranked as the topmost brand in the Fortune magazine’s list of top 50 brands in 2011 (CNN Money, 2011). Uses of I Pad 2 The iPad 2 is a multi user product that can be used by working professionals as a substitute for notebooks as well as by individuals for entertainment purposes that includes watching TV surfing the internet and performing multiple functions that are being done by the computers. The iPad 2...
6 Pages(1500 words)Coursework

Companies Go Global

... researches clearly show that management approaches by the headquarters may give a good backing why certain individuals from certain institutions are very successful despite their locations in other states far from their mother states. Despite the differences in the cultures, businesses have to understand and try to adopt the mechanisms for handling of the customers because they are the life blood of the businesses hence the customer’s cultures should be understood so that the companies take advantage of the local market place (Hymowitz, 2000). References Hymowitz, C. (2000). Companies Go Global But many Managers just Dont Travel Well. Wall Street Journal-Eastern Edition , vol.236.... Companies Go Global...
2 Pages(500 words)Article

Business , fortune companies

...cereal grains in water and then ferment them with yeast. This is not a different thing from what Molson and Coors employ in their production system. The company has employed barrel aging in the production of its beer. This has seen its beers get aged in barrels in order to achieve a variety that is the finest product (Lamb, 2012). The barrels ferment beer for the best taste as for this has helped the company to sell its products in a wide range of profits. The company’s earnings and estimate summary are a true picture of how its growth is parallel with its sales. The estimated amount of production brought in a revenue equivalent of $4.2 billion and the...
5 Pages(1250 words)Research Paper

Healthcare marketing for a Profit and Non-profit Business

.... In addition, the strategy persuades the new customers to test the products or services being offered. Moreover, it reminds the customers of the existence of the health care services and any new services that have been added. Furthermore, it aims at increasing the overall sales, an aspect that will play a critical role in increasing the profit of the business (Kolb, 2008). This is important in improving the competitive advantage of the heath care business in the market. The marketing process of a non-profit health care aims at building awareness of a particular issue and gain the necessary financial support from the society. Furthermore, some of the marketing...
1 Pages(250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic To what extent should companies go with business bluffing in order to maximize profit for FREE!

Contact Us