contrary case, Business Law and Ethics

Assignment Help:

a) Two family businesses are competing in the same industry, and have been bitter rivals since their early days.  The feud eventually extended into the personal lives of each family, where even the children were taught to dislike their rivals since birth.  While stubborn rivalries of the owners intensified, other competitors have steadily taken market share away from both companies.  The old owners eventually retired, and the troubled businesses were taken over by their children.  One day, the president of Company A called for a meeting with the president of Company B.  Surprised that the perceived enemy would do so, the meeting was agreed to.  At the meeting, the two presidents discussed the nature of their rivalry, its history, its negative effects on both businesses and families, and decided that it is best to try to end it.  Teams from both sides drafted up various proposals which formed the basis of cooperation, and a deal was struck.  Both sides were initially suspicious of each other, and the relationship was very fragile.  Neither side knew for sure whether the deal would end up being a takeover plot, an elaborate scheme of corporate espionage, or some trap.  However, both sides also knew that pursuing their rivalry would eventually destroy both businesses and decide to build trust, believing the other meant well.

b) This is a good example of a contrary case because:

  • The fathers of each family developed and nurtured their hostility towards each other, while their children reflected on it.
  • The end of the inherited feud was initiated by a decision to communicate and cooperate, even though each side was weary to trust the other.
  • There were no guarantees that either side will uphold the deal, the deal was motivated by rational necessity for mutual benefit.
  • The motivations of both sides were questioned, and the decisions of both presidents were guided by logic, despite unknowns and lack of certainty.
  • Both sides were willing to take a leap of faith to trust the other side after reasoned and rational consideration of their situation.

c)

FAITH

IRRATIONALITY

Trust

Self-reflection

Connecting over uncertainty

Rational necessity

Path to mutual benefit

Changer of nature of relationships

Catalyst to social connections

Nurtured emotional state

Detrimental to welfare

Emotionality

Inherited way of being

Ill intention

Stubbornness


Related Discussions:- contrary case

Legislated to combat computer misuse and cybercrimes, QUESTION 1 Domain...

QUESTION 1 Domain names deliver the address of companies on the Internet and are equivalent to the business address in the physical world. As more and more companies utilize th

Domicile, I would like to know more about Domicile of Dependency at Englis...

I would like to know more about Domicile of Dependency at English Law: Married women and minors.

Usual procedure - shares of the minority, Usual procedure - shares of the m...

Usual procedure - shares of the minority: Hence the usual procedure is: (a)     first to dispose of possible objections by creditors by paying their debts or providing secu

What are types of segments required for decision, What are types of segment...

What are types of segments required for decision? A judge’s decision is made up of two segments, which are given below: a. Obiter dicta: Things said through the way on

Balance sheet, Balance sheet: S.148(2) utilize the directors to prepar...

Balance sheet: S.148(2) utilize the directors to prepare and lay before the company in simple meeting a balance sheet as at the date to such that the profit and loss account,

Explain the international law and municipal law, INTERNATIONAL LAW AND MUNI...

INTERNATIONAL LAW AND MUNICIPAL LAW   International law is defined as a law between sovereign states and it is implemented to certain subjects such as the States. There are variou

Derivative action - statutory provisions, Derivative action: In Nurcom...

Derivative action: In Nurcombe v Nurcombe Lawton L J stated that a derivative action is a procedural device for enabling the court to do justice to a company controlled by mis

Determine the term miscoordination - policy formation, Determine the term m...

Determine the term miscoordination - Policy Formation A problem known as miscoordination in Policy Formation may also emerge and it may be either vertical or horizontal. Let us

State article 16 of air and outer space law, State Article 16 of air and ou...

State Article 16 of air and outer space law Article 16 states that the appropriate authorities of each of the contracting States shall have the right, without unreasonable dela

Determine the mean, A strong and fair health care system Today, I deli...

A strong and fair health care system Today, I delivered on my commitment to have a judicial inquiry into allegations of queue jumping in our health care system. The governm

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd