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Opportunism

Opportunism is the practice of taking advantage of circumstances – with little regard for principles or with what the consequences are for others. Opportunist actions are expedient actions guided primarily by self-interested motives. The term can be applied to individual humans and living organisms, groups, organizations, styles, behaviours, and trends.'I would rather be an opportunist and float than go to the bottom with my principles around my neck' 'In a rational type of analysis it will be said that it is profitable to be trustworthy. So I will be trustworthy because it is profitable to me. But you can't very easily establish trust on a basis like that. If your basis is rational decision and your underlying motive is self-interest, then you can betray your trust at any point when it is profitable and in your interest to do so. Therefore other people can't trust you. For there to be trust, there has to be a social structure which is based on motives different from immediate opportunism.' Opportunism is the practice of taking advantage of circumstances – with little regard for principles or with what the consequences are for others. Opportunist actions are expedient actions guided primarily by self-interested motives. The term can be applied to individual humans and living organisms, groups, organizations, styles, behaviours, and trends. Opportunism or 'opportunistic behavior' is an important concept in such fields of study as biology, transaction cost economics, game theory, ethics, psychology, sociology and politics. Opportunism is the conscious policy and practice of taking selfish advantage of circumstances. Although in many societies opportunism often has a strong negative moral connotation, it may also be defined more neutrally as putting self-interest before other interests when there is an opportunity to do so, or flexibly adapting to changing circumstances to maximize self-interest (though usually in a way that negates some principle previously followed). Opportunism is sometimes defined as the ability to capitalize on the mistakes of others: to exploit opportunities created by the errors, weaknesses or distractions of opponents to one's own advantage. Taking a realistic or practical approach to a problem can involve 'weak' forms of opportunism. For the sake of doing something that will work, or that successfully solves the problem, a previously agreed principle is knowingly compromised or disregarded - with the justification that alternative actions would, overall, have a worse effect.

[ "Industrial organization", "Market economy", "Management", "Law" ]
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