explain the case of enron in the context of ethical relativisms albert carr theory and minimum t

In the case of Enron, Albert Carr's theory of ethical relativism suggests that bluffing in busin

So we're given a scenario, and we're asked, what is the ethical issue in this scenario? So the e

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Explain the case of Enron in the context of Ethical Relativism - Albert Carr Theory and a minimum of TWO (2) philosophers and/or proponents against Albert Carr (20m). How do I extend my answer? Ethical relativism states that morality is relative to one's cultural norms, i.e., whether something is right or wrong depends on the rules followed in that particular culture. Albert Carr wrote an article where he mentions that bluffing in business may be ethical since the people involved are not committing any crime but are just implying to do so, which doesn't amount to committing. Even considering this, the situation for this company cannot be justified. They have lied outright and have amassed millions from their lies. Proponents against Albert Carr: i) He considers that business is a game, but in most situations, we can see that business is not a game, and so the game analogy that Carr uses to justify bluffing will not hold. ii) Carr had assumed that deception is inherent in negotiation, but when properly understood, it is obvious that bluffing ceases to be of any importance. c) Illustrate TWO corporate scandals and/or case studies that highlight the importance of making moral judgments and ethical decisions. Two corporate scandals: i) Foxconn suicides - In 2010, there were 14 confirmed suicides at Foxconn, a Chinese company that manufactures electronics. It was later revealed that the employees are subjected to harsh working conditions with a meager cafeteria allowance. Despite protests, the management has refused to take these concerns into consideration and has preferred ignoring employee well-being for their own economic profits. ii) Libor scandal - An investigation conducted by the US Commodity Futures Trading Commission revealed a scheme where several large banks have manipulated interest rates by rigging the Libor, which is the average interest rate calculated based on estimates submitted by a panel of large banks. This led to massive fines from the banks and arrests of several bankers. This again shows the need for just administration.

Explain the case of Enron in the context of Ethical Relativism - Albert Carr Theory and a minimum of TWO (2) philosophers and/or proponents against Albert Carr (20m). How do I extend my answer?

Ethical relativism states that morality is relative to one's cultural norms, i.e., whether something is right or wrong depends on the rules followed in that particular culture. Albert Carr wrote an article where he mentions that bluffing in business may be ethical since the people involved are not committing any crime but are just implying to do so, which doesn't amount to committing. Even considering this, the situation for this company cannot be justified. They have lied outright and have amassed millions from their lies.

Proponents against Albert Carr:

i) He considers that business is a game, but in most situations, we can see that business is not a game, and so the game analogy that Carr uses to justify bluffing will not hold.

ii) Carr had assumed that deception is inherent in negotiation, but when properly understood, it is obvious that bluffing ceases to be of any importance.

c) Illustrate TWO corporate scandals and/or case studies that highlight the importance of making moral judgments and ethical decisions.

Two corporate scandals:

i) Foxconn suicides - In 2010, there were 14 confirmed suicides at Foxconn, a Chinese company that manufactures electronics. It was later revealed that the employees are subjected to harsh working conditions with a meager cafeteria allowance. Despite protests, the management has refused to take these concerns into consideration and has preferred ignoring employee well-being for their own economic profits.

ii) Libor scandal - An investigation conducted by the US Commodity Futures Trading Commission revealed a scheme where several large banks have manipulated interest rates by rigging the Libor, which is the average interest rate calculated based on estimates submitted by a panel of large banks. This led to massive fines from the banks and arrests of several bankers. This again shows the need for just administration.

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