Self-Interest Term Papers Samples For Students

Economics is a social science that is chiefly concerned with how firms, individuals and governments make choices regarding the allocation of their limited resources towards the satisfaction of unlimited wants. Economics is thus a mechanism for the allocation of limited resources among competing wants with the firms, households and the government as decision makers. A market refers to that set up that facilitates acquisition of information by buyers and sellers and enables them carry out business activities with one another.

An economy refers to a social system made up of households as well as firms that are involved in the exchange of ...

Introduction

‘Leadership’ and ‘Change’ are interlinked in a very important way, they actually complete each other and it will not be wrong if we say that if there is a Leadership it will always bring a change or vice-versa. However change is basically a result and there are other factors which influence and help to achieve this result. Leaders have always changed the course of time and have brought revolutions in the fields like Politics, Spiritualism, Management, Science and Arts etc. However though all these may be defined under the definition of success the path obtained to achieve success is different for all leaders; ...

Agency Theory in Supply Chain Management

Introduction

The agency theory has been around for quite a long time, but formalization of theory dates back into the 70s. In the past, there have been researches done on this topic such as the one done by Rechner and Dalton (1989) to examine the effect of management duality on risk and its effects to the share price. Others include but not limited to (Grover and Malhotra, 2003; Slack et al, 2004; Mabert and Venkataramanan, 1998; Pannirselvam et al, 1999; Selen and Soliman, 2002). In supply management, the agency theory implies that the retail chain is a series of agreements between ...

Ever since Georg Wilhelm Hegel’s death in 1831, the concepts and ideas that he had articulated in his political philosophy has continuously remained the crux of modern philosophical, moral, and ethical discussion. Hegelian schools – both ‘Old’ and ‘Young’ – emerged as propagators of the philosopher’s Hegelian system, and imbued it with controversy and a distinctive dichotomy. With the emergence of socialism in the early 1900s, thinkers such as Moses Hess, Karl Marx, and Ferdinand Lasalle began relating their works with that of Hegel, as did a significant number of liberal and conservative philosophers. Much of the impact that Hegel’s ...

This paper is divided into three sections. The first section is a review of academic research and studies on corporate theories, positions and counter-positions. The second part discusses the two theories – stakeholder value theory and shareholder value theory. This section evaluates key arguments associated with each theory. In the third part, the paper evaluates why value-driven stakeholder approach should be embraced by managers of corporations. The paper finalizes the discussion by concretizing the arguments in a summary and offering submissions for future managers.
This paper hypothesizes that profit maximization is no longer the only priority of organizations; other non-economic features ...

Several people are incarcerated in the United States prisons as well as several other correction facilities in the world. The number of prisoners is in fact increasing as activities that are more criminal continue to be reported. Even so, every person deserves equal treatment notwithstanding where he or she lives, or where he or she is staying. This has brought about the ethical concern that should prisoners be treated like other population outside custody? This ethical concern has elicited several views from different stakeholders including the prisoners, the prison authorities, and several interest groups. The ethics of caring for ...

EXECUTIVE SUMMARY

Although every year at stock taking time, we find that we have gone a considerable distance in so much as knowledge is concerned, we also invariably lose out as regards Ethics and Morality. We need to reverse this trend, which, if extrapolated beyond reason, will lead to someone like “Darth Vader” having all intergalactic missile systems fitted with thermo-nuclear warheads, under his control.
Although our first reaction will be to contemplate such a scene with amusement, the metaphor is appropriate in the author’s opinion. If we do not guard our values and the values of those we love, but ...

Financial crisis is not a new word in today's economy. The world's economy has consistently been a victim of the financial crisis, and these cases will continue to happen. The global financial crisis in 2008 relates to the 1930's great depression that nearly brought down the economy of the United States. The actors in the financial sector have grown big and are becoming uncontrollable. These financial institutions have now become tough to monitor and control.
Government and central banks have a duty of controlling commercial structures through proper supervision and regulation of financial market (Flannery 275). Due to the ...

Section 1

As McGregor explains, the Chinese Communist Party (The Party) had gone to the extent where the citizens are not allowed to control their own lives. The party has created minimum freedom different from the Friedman argument of the maximum freedom. Therefore, McGregor reveals the essential difference between the maximum freedom and the minimum freedom using examples of the minimum freedom in china. The desire for the Chinese citizens to chase for their own self-interest is constrained by The Party. In order to demonstrate how the maximum freedom society differs from the minimum freedom society, McGregor provides example of the ...

- Mercantilism
What was the ultimate goal of the mercantilist philosophy and why this goal was considered radical at the time. What type of exports/imports did they encourage/discourage and what was the impact on the domestic working population?
The mercantilist philosophy was a policy that was enacted by the European colonists with the aim of increasing wealth in their country. Thus, the main way to increase their wealth was to entice its colonists to pay the supplied goods from the European nation using gold. This is because gold was considered more valuable than the colonists’ money. As a means ...

Netflix’s marketing strategy change

Introduction
Change is an integral part of everyday life both for organizations and individuals. It is often considered negative, since it involves a certain level of stress for the system and a disruption of the conventional organizational practices. However, along with the negative side, change also entails benefits, if it is conducted in the right way. This paper aims to present an example of the recent change in Netflix strategy and to explain the possible reasons for its failure. This example applies change management theories and concepts to the Netflix case, in order to identify what went wrong and, thus ...

Introduction

In society, people are concerned with the issue of justice. Justice is seen as the foundation on which people can live in harmony with others. Human rights activists are usually up in arms where they feel that personal liberties are being infringed on. There are scholars who have debated on the concept of justice and given their arguments in support of their theories.

The Theory of Justice

The theory of justice is based on three principles of utilitarianism, fairness and Libertarianism. The principle of utilitarianism states that justice is attained where the laws and the institutions in the region are structured in such a ...