Preview

Liar's Poker Character Analysis

Powerful Essays
Open Document
Open Document
1396 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Liar's Poker Character Analysis
LIAR'S POKER
Michael Lewis' book, Liar's Poker, shows an alarming picture of conduct inside the speculation group. While this depiction is fascinating in its own right, it presents us with a chance to subject genuine business conduct to examination and recommendations for change. In that capacity, the issues raised here rise above a simple survey of the book's plot and exposition. Genuine business conduct, portrayed in shocking subtle element by Lewis, will give the premise to an ethical investigation. Machiavelli's The Prince will give the system to a large portion of this investigation.
On the off chance that business ethicists will change business associations, they ought to attempt three exercises: (1) an efficient portrayal of the current circumstance, (2) a judgment with regards to the rightness and misleading quality of organization exercises and (3) proposals for changes in hierarchical structure, working approaches and reward frameworks. Unmistakably, the initial two capacities are inside the essential space of the reasoning branch of business morals, while the third capacity is inside the essential area of the administration branch of business morals.
…show more content…
Michael Lewis was one of the one hundred and twenty-seven individuals from Salomon Brothers' instructional course of 1985, and was utilized by the firm for more than two years. His story of the association will be utilized to build up a moral investigation and plan for change.
An arrangement of examination created in Machiavelli's The Prince will be utilized to depict authoritative life, while the standards of normal ethical quality will be utilized to cast judgments. This kind of authoritative investigation can be utilized to uncover the moral gauges of any association and feature remarkable issues for change disapproved of administration researchers to investigate and

You May Also Find These Documents Helpful

  • Good Essays

    Machiavelli Cruelty

    • 592 Words
    • 3 Pages

    Throughout his work “The Prince,” Machiavelli explores the characteristics of an ideal leader and offers practical advice on a variety of matters associated with one’s rise to power. Characteristically, his arguments are straightforward and rational and he frequently employs historical evidence to strengthen them. One profound hypothesis presents itself in Chapter VIII of this political discourse in which Machiavelli focuses on the necessary evil of cruelty in a position of leadership.…

    • 592 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    When you are in a position of management you come in contact with many ethical and moral decisions that need to be made. Business ethics is highly required in the corporate world. Many business professional have to understand that they are not only running a company but they also have to set and follow moral values to keep the company’s integrity at a positive stand point. Business ethics has both normative and descriptive dimensions. As a corporate practice and a career specialization, the field is primarily normative. Academics attempting to understand business behavior employ descriptive methods. The range and quantity of business ethical issues reflects the interaction of profit-maximizing behavior with non-economic concerns. Interest in business ethics accelerated dramatically during the 1980s and 1990s, both within major corporations and within academia. Along with business ethics you also have to form an opinion from your personal values and see how they match up. Personal values are like being part of a culture that shares a common core set of values creates expectations and predictability without which a culture would disintegrate and its members would lose their personal identity and sense of worth. Values tell people what is good, beneficial, important, useful, beautiful, desirable, constructive, etc. They answer the question of why people do what they do. Values help people solve common human problems for survival. Over time, they become the roots of traditions that groups of people find important in their day-to-day lives.…

    • 1132 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Ethics and morals are a requirement in the corporate business world. Each day employees are faced with moral and ethical issues; and because they have their own individual set of morals, they behave differently. Many have formed a good understanding of the basics of ethics, leadership, morality and social responsibility; but most do not really understand the true meaning of values, ethics and morality. The roots of ethics in America teach us “Ten Universal Values,” namely, honesty, integrity, promise-keeping, fidelity, fairness, caring, respect for others, responsible citizenship, pursuit of excellence, and accountability. However, recent history teaches us 12 ethical principles that include two additional values, namely leadership, and reputation and morals to the list that I will discuss in this essay. I will also discuss the differences between ethical and moral issues. In business, ethics and character count. Therefore, I will also discuss some organizations that have been destroyed or damaged due to their unethical and immoral behavior in business.…

    • 1631 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Bus 520 Assignment 1

    • 1555 Words
    • 7 Pages

    Business ethics can be both a normative and a descriptive discipline. As a corporate practice and a career specialization, the field is primarily normative. In academia descriptive approaches are also taken. The range and quantity of business ethical issues reflects the degree to which business is perceived to be at odds with non-economic social values. Historically, interest in business ethics accelerated dramatically during the 1980s and 1990s, both within major corporations and within academia.…

    • 1555 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    Ethical and moral issues in business go hand in hand, and go along well with one another. We each have our own moral standards that make us who we are and what we stand for. Our character comes from our moral ethics, and how we were raised to handle ourselves in certain situations. Ethical behavior comes from society and how we are perceived by society. Ethics in a business setting involves both morals and strong ethics. I am going to attempt to explain what the difference is between moral ethics and business ethics in this paper.…

    • 569 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Carr, like various cut throat business men and women, makes the claim that business is analogous to the game of poker. Although similar characteristics and tendencies do mimic each other, there are distinct examples that find fault in this analogy. In recognizing Kant’s views on truthfulness, it can be seen that “it is ok to bluff in poker” but it is not “ok to bluff in business.”…

    • 381 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Abstract: One of the most influential ideas in the field of business ethics has been the suggestion that ethical conduct in a business context…

    • 13247 Words
    • 53 Pages
    Powerful Essays
  • Good Essays

    Ethics Midterm

    • 1085 Words
    • 2 Pages

    Business ethics is a study of moral standards and how these apply to the social systems and organizations through which…

    • 1085 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Ethical Relativism

    • 585 Words
    • 3 Pages

    This article researches and identifies the gap between the theory and practice of business ethics. The author identifies the lack of practice of ethical decision making within the organization and provides what he believes to be one solution to bring ethics back into the business process.…

    • 585 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Business ethics as academic field began its existence in North Atnerica. Its early development was dominated by the North American discourse about ethics and its relevance in the business context. The various approaches to the study of business ethics, as well as the issues that emerged there, made a lasting impact on the landscape of this area of study. Since this period of inception in the 1970s business ethics has become an established academic field in other parts of the world (Enderle 1997). It first came of age outside North America in European countries, and is now maturing in most regions of the globe. The formation of business ethics networks on…

    • 2718 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    The object of this essay is to establish whether there is an ethical theory that can be successfully applied to business organisations. In order to answer this question, it is necessary first to define the major ethical theories, which are utilitarianism, deontology and virtue ethics, before determining whether there are any other options. After that, the ethical needs, problems and limitations of work organisations will have to be examined so that the different theories can be evaluated in this context. It will also be important to draw a distinction between the terms "accurate" and "useful" as these actually result in two different questions the answer to which need not necessarily be the same. Another essential part of this discussion is the more general question why there should be ethics in work organisations in the first place, and to what extent ethical behaviour is feasible in the business world. Hopefully this will provide a framework within which the answer to the essay question can be included.…

    • 2859 Words
    • 12 Pages
    Powerful Essays
  • Better Essays

    Defining Ethics

    • 1926 Words
    • 8 Pages

    A number of highly publicized accounting scandals at Enron, WorldCom, Tyco, Global Crossing and Adelphia Cable have brought questions of business ethics to the forefront. The insurance and mutual fund industry have also been under scrutiny for questionable business practices. Not surprisingly, many Americans now question the honesty and integrity…

    • 1926 Words
    • 8 Pages
    Better Essays
  • Good Essays

    Niccolo Machiavelli, a man who knows the truth of political ethics, wrote his treatise into a book. The Prince, one of Machiavelli’s masterpieces, contains a number of maxims concerning politics, such as the qualities of the prince. By the saying that “the ends justify the means”, Machiavelli claimed that violence may be necessary for the successful stabilization of power and introduction of new legal institutions. Refer to political realism, Machiavelli was claiming a truth, and he made no disguise of his spurn to morality. Based on the evil of human nature, Machiavelli advised the price to achieve the goals without regard to morality. However, the truth is not always useful and good for everyone. Even though Machiavelli wrote the truth for a monarchical prince in The Prince, throughout history, The Prince is not a good advice for ruling class and common people today.…

    • 555 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Legal Issue-Enron

    • 1774 Words
    • 8 Pages

    Business ethics is based on normative ethics , standards that ethics are upheld and applied specific to distinguish what is right or wrong, that is to say what should be done or who should not be fact. However, with few exceptions, business ethicists are usually less interested in the foundations of ethics (meta-ethics) or by the principles of justification ethical principles: they show themselves more concerned with practical issues, and any obligation specific practice that may apply to the activity and the relationship to economic (Swartz, 2004).…

    • 1774 Words
    • 8 Pages
    Powerful Essays
  • Best Essays

    Business Ethics

    • 3443 Words
    • 14 Pages

    Ethical decision making in an organization is based on the moral judgment about right or wrong is often influenced by its own culture. When the decision is ethical or moral, employees act for the right course of action accordingly. Business ethics or the code of ethics has now days became the part of implementing organizational strategy and it development since it emphases on stopping business malpractices, business survival, protecting employees and its shareholders, better relation with both internal and external customers, HR function, smooth functioning and health competition to competitors. Unethical business behavior will definitely damage organization’s reputation that will have negative impact in the market which in turn will discourage the investors. This kind of consequence will result in low profit. Therefore, the purpose of this report is to emphasize on the ethical issues, perspective, ethics in workplace relationship and objectives of business.…

    • 3443 Words
    • 14 Pages
    Best Essays