For such business writers as Albert Carr, business is like a game (such as poker) that has its own rules. Given that there are rules that have been set by government institutions under which businesses have to operate (and thus avoid punishment) Carr holds that businesses should only strive to operate under such rules and thus game ethics in a bid to compete in their space. Game ethics involves adhering to the rules that have been set by government institutions and other business instructions. This view therefore suggests that businesses do not, and should not have to go an extra mile of employing "ethics of religion" in their conduct given that they already operate under the rules of business as specified by governments. Here, ethics of religion …show more content…
In the new scenario the relationship between business and ethics would involve the approaches deontological ethics where all the stakeholders feel that they have a duty to act in the right way in an effort to establish trust and positive competition in different industries. This would create an atmosphere of trust compared to a relationship based on game ethics which is likely to encourage other increased unethical behaviors in the spirit of increased profits and consequently hurting some …show more content…
This is an important relationship for several reasons. The first reason for this is that it creates a healthy atmosphere for conducting business. This is particularly due to the fact that none of the stakeholders would act on the basis of fear. According to Carr, business is like a game of poker, where businesses are allowed to bluff. This results in others acting on the basis of fear and worry about what another business may be doing rather than acting on the right kind of information. This has the potential to drive business into making poor decisions that are not only likely to hurt the businesses in question, but also other stakeholders like the customers and employees. The new relationship eliminates all this, allowing for a healthy competition between businesses. At the same time, this approach would help eliminate various moral problems such as genuine dilemmas that various stakeholders and particularly the managers face with game ethics. This is due to the fact that they would have a good understanding of what they are obliged to do in given situations. For instance, in the event that a given company informs the shareholders of the real challenges that the company is likely to face or facing, the possible solutions can be brought up to help resolve the issues. However, hiding such information or simply sharing part of the information is not only likely to hurt the shareholders in