...Who is justified? Milton Friedman vs. Thomas Mulligan Social responsibility, business, shareholders, taxation, executive branches and socialism are not common words that we use in our daily routine life, unless you are in a business or administration scopes. Also, you may not aware about who is Milton Friedman, and why Thomas Mulligan has strong oppositions toward him. In this essay you are going to read a comparison of two different arguments by Thomas Mulligan and Milton Friedman. Their contentions are about corporate social responsibilities. What are responsibilities for executives and companies? Do they have to fulfill them or not? Are social responsibilities only for individuals? Wikipedia defines Social Responsibility as “an ethical framework which suggests that an entity, be it an organization or individual.” It means it is not only obligated for individuals or just companies. However, Milton Friedman doesn’t think so; and Thomas Mulligan has strong arguments against Friedman’s. Milton Friedman is an American economist that received Nobel Memorial Prize in Economic Sciences. He has lots of theories and doctrines about monetary policy, taxation and socialism. One and the most popular of his article published in New York Times Magazine at September 13, 1970. In his article, he approached to social responsibility of companies’ and stakeholders’. Briefly, he stands behind the view that "There is one and only one social responsibility of business to increase its...
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...Field By: Elaine Nescio PSL200 T-TH 11:00 The international bestselling book The World is Flat: A Brief History of the Twenty First Century by Thomas L. Friedman analyzes globalization in the early 21st century. Throughout the book Friedman helps the reader view the world on a level playing field, where the traditional issues of historical and geographical divisions are becoming irrelevant and all competitors have an equal opportunity. Friedman examines the influences shaping businesses and competition in a technology fueled global environment. Supporting his ideas with interviews, case studies and statistics Friedman sends the message to his readers that they need to be prepared because the flattening world waits for no one. The flattening of the world however is not something that happens over night. In fact this process has been happening over a number of years but has become more noticeable after the turn of the century. Throughout “The World is Flat” you will find Friedman believes are the ten major factors causing the flattening of the world, how the United States should approach the flattening world, and how Friedman comes to his conclusions. Thomas Friedman’s trip to India is where he first notices that the playing field has been leveled and that global knowledge is available to a much larger audience. Friedman argues that the world is “going from size small to size tiny” (10). The flattening of the world entails that we are now connecting all the knowledge...
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...ABOUT THE AUTHOR Thomas Loren Friedman was born in Minneapolis, Minnesota, on July 20, 1953, and grew up in the middle-class Minneapolis suburb of St. Louis Park. He is the son of Harold and Margaret Friedman. From an early age, Friedman, whose father often brought him to the golf course for a round after work, wanted to be a professional golfer. He was captain of the St. Louis Park High golf team; at the 1970 U.S. Open at Hazeltine National Golf Club, he caddied for Chi Chi Rodriquez, who came in 27th. That, alas, was as close as Friedman would get to professional golf. In high school, however, he developed two other passions that would define his life from then on: the Middle East and journalism. It was a visit to Israel with his parents during Christmas vacation in 1968–69 that stirred his interest in the Middle East, and it was his high school journalism teacher, Hattie Steinberg, who inspired in him a love of reporting and newspapers. After graduating from high school in 1971, Friedman attended the University of Minnesota and Brandeis University, and graduated summa cum laude in 1975 with a degree in Mediterranean studies. During his undergraduate years, he spent semesters abroad at the Hebrew University of Jerusalem and the American University in Cairo. Following his graduation from Brandeis, Friedman attended St. Antony's College, Oxford University, on a Marshall Scholarship. In 1978, he received an M.Phil. degree in modern Middle East studies from Oxford. That summer...
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...progress and development as something much less so. Negative externalities may even be making “progress” harmful. The issue, however, is that although many acknowledge the need for a new model of global development, efforts are hampered by those parties whose interests are hurt by proposed changes in worldviews. Allan E. Goodman of Georgetown University recounts the history of how the international efforts to ban the use of chlorofluorocarbons — known globally as CFCs — came about, with the resultant effort culminating with the 1987 Ozone Protocol. Evidence had long suggested that the depletions of the ozone layer some ten kilometers wide in the Earth’s atmosphere had massive implications for human health. Shocking rises in the reported cases of skin cancer correlated this thought, which was confirmed by a number of scientists who found that CFCs were a crucial factor in ozone...
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...Polytechnic University MGT682 Independent Studies Corruption in China: Effects on Economic Development and Remedial Policies Thomas Wu 02715615G August 6, 2003 The Hong Kong Polytechnic University MGT 682 Independent Studies Corruption and Bribery in China Thomas Wu 02715615G August 6, 2003 Table of Content RESEARCH PROPOSAL TOPIC.........................................................................................................3 INTRODUCTION....................................................................................................................................3 OBJECTIVES AND HYPOT HESIS.......................................................................................................4 NATURE OF RESEARCH.....................................................................................................................5 RIVAL THEORIES.................................................................................................................................5 “GREASE-THE-WHEELS” THEORY .........................................................................................................5 MULTIPLE EQUILIBRIUMS ......................................................................................................................7 LOGIC MODEL......................................................................................................................................8 SIGNIFICANCE OF STUDY.............................................
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...International Business What is globalization? G lobalization is a process providing connections between countries, in terms of imports, exports, machinery, education, trade, labor and so on. The main aspect of globalization is financial relations between countries. When considering globalization in economic terms, opening up the boarders of a country in order to free trade, as well as capital flow and labor is crucial. Thomas L. Friedman in his book named “The World Is Flat” defined globalization as a flat world. He says that in this world, people should run faster to stay in place and not fall behind. He states that governments, companies and people have no choice but to adapt to this situation (Friedman). Globalization has had many benefits for countries. It has produced millions of jobs in poor countries, transferred capital from rich to poor countries, and provided opportunities for governments to learn from others how to start the development path for their country. For instance, let’s assume that we have a city and a village separated by a river. By connecting the two through a bridge, all different kinds of trade can take place. The villagers might have a comparative advantage in producing their factor endowment that can be milk, and the city has an advantage in producing tractors. By trading, both parties will be better off. Proponents of globalization believe that this is a positive -sum game. Both enjoy the benefits, and as the whole share grows, the share of each...
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...2 ICTs AND GLOBAL WORKING IN A NON-FLAT WORLD Geoff Walsham Judge Business School University of Cambridge Cambridge, U.K. Abstract This paper rejects the hypothesis of Thomas Friedman that ICT-enabled globalization is driving us toward a flat world. Instead, it is argued that the world remains uneven, full of seams, culturally heterogeneous, locally specific, inequitable, not well-integrated and constantly changing. This argument is supported by an analysis of three areas of ICT-enabled global working, namely global software outsourcing, global IS roll-out, and global virtual teams. The paper then builds on these analyses to put forward an agenda for future IS research on ICTs and global working based on three research themes: identity and cross-cultural working; globalization, localization and standardization; and power, knowledge, and control. The paper concludes that the area of ICTs and global working offers the IS field a major research opportunity to make a significant contribution to our understanding of a set of crucial issues in our more globalized world. Flat world, globalization, global software outsourcing, global IS roll-out, global virtual teams, IS research agenda, identity, cross-cultural working, standardization, power, knowledge, control Keywords 1 INTRODUCTION The changes taking place in the global economy, including those in the burgeoning services component, are the subject of much debate by a wide range of commentators including journalists, practitioners...
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...Starbucks case study by applying the Eclectic Theory and Friedman’s Nine Questions Introduction Starbucks is the most recognisable brand and well-known coffee shop in the world. Moreover, it started as a small coffee shop in Seattle and grew into the most successful global coffee company. This report describes international expansion and reasons of Starbucks’ success by applying the Eclectic Theory and Friedman’s Nine Questions. The Eclectic Theory The Eclectic Theory was created by John Dunning during the 1980s. The theory explains why companies choose to become multinationals and what advantages support to invest overseas. This model is called “OLI Framework,” and it determines Foreign Direct Investment (FDI). According to the theory, a company is ready to invest overseas when it has ownership, location and internalisation advantages compared with companies who operate on foreign markets. Ownership advantages are occurred by possessing tangible and intangible assets which are connected with many factors where knowledge, trademark, production techniques are significant. Starbucks’ ownership advantages include the following: - globally recognized trademark - unique flavours and aromas, and roasted techniques - reputation focusing on high quality customer service - flexible and clear corporate vision and goals that are developed by Schultz - large learning curve as a result of past successes and failures - highly-motivated training staff members that are...
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...Everyone agrees that business managers must understand finance and marketing. But is it necessary for them to study ethics? Managers who answer in the negative generally base their thinking on one of three rationales. They may simply say that they have no reason to be ethical. They see why they should make a profit, and most agree they should do so legally. But why should they be concerned about ethics, as long as they are making money and staying out of jail? Other managers recognize that they should be ethical but identify their ethical duty with making a legal profit for the firm. They see no need to be ethical in any further sense, and therefore no need for any background beyond business and law. A third group of managers grant that ethical duty goes further than what is required by law. But they still insist that there is no point in studying ethics. Character is formed in childhood, not while reading a college text or sitting in class. These arguments are confused and mistaken on several levels. To see why, it is best to start with the question raised by the first one: why should business people be ethical? Why Should One Be Ethical? There is already something odd about this question. It is like asking, “Why are bachelors unmarried?” They are unmarried by definition. If they were married, they would not be bachelors. It is the same with ethics. To say that one should do something is another way of saying it is ethical. If it is not ethical, then one should...
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...vision statement | 5 | 3 | Porter’s Diamond model | 6 | 4 | Lenovo Porter’s Diamond model | 7 | 5 | Strength in Lenovo’s structure | 10 | 6 | Lenovo CAGE framework | 11 | 7 | Lenovo strategic implementation | 13 | 8 | strategic triangle | 14 | I. INTRODUCTION Thomas L.Friedman reminded to the term "Flat world" as the way to describe to an era of new World economy. Which including the globalization, intense competition, a big market without borders, the variety and combination of cultures in the World (Thomas L. Friedman, 2005; Victor K. Fung, el, at 2007; Ronald Aronica and Mtetwa Ramdoo, 2006). In fact, The change, updates, innovation and competition in technology industry are taking a level higher, because it happening every days, every hours (Jeffrey T. Macher, David C. Mowery; 2004). Factors impact to success of the company including external factors and internal factors. It closely related to the strategies in pathway of company development. Some things bring opportunities, some things bring challenges, or even make the company go to fail. This essay will provide a insight and explicitly analysis and discussion about internal factors and external factors of Lenovo case study....
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...Tort Risk and Business Regulation Simulation Jane Thomas University of Phoenix Business Law/531 Thomas Friedman October 19, 2010 In today’s business world it is crucial for organizations to have a plan in place to identify and manage tort liability. This can be managed through preventive, detective and corrective measures. The purpose of a plan is for an organization to manage and minimize individual risks. Organizations that fail to comply with Federal, State, and local regulations expose the organization to regulatory risks. This could greatly impact the organizations reputation, earnings, and existing assets. This paper will identify regulatory risks and tort liability as related to Alumina Inc. The United States based Alumina Inc. is a global multibillion dollar company based in the state of Erehwon near Lake Dira. Alumina is a manufacturing plant that specializes in automotive components, alumina refining, aluminum smelting, bauxite mining, and packaging materials. The corporation operates in eight countries with 70% of its sales coming from the United States. Alumina falls under jurisdiction 6 of the Environmental Protection Agency (EPA). During a routine EPA compliance evaluation inspection five years ago, Alumina was found to be violation of discharging polynuclear aromatic hydrocarbons (PAH) that exceeded the EPA standards. EPA demanded a cleanup to which Alumina complied without delay. Alumina Inc. is being accused by a local resident...
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...Times US News and World Report Heritage Foundation Politico PJTV (Pajamas TV) New Yorker American Thinker Mother Jones American Spectator ACLU Forbes Harpers Stanford Review CBS Rush Limbaugh New York Times FOX News NBC (especially MSNBC) The American Conservative Mostly Centrist with Occasional Slant Libertarian CNN ACLU CSPAN (just shows the event) Ludwig Von Mises Reuters Reason Magazine PBS CATO Institute Real Clear Politics (both perspectives) Ayn Rand Foundation John Stossel, Reporter Milton Friedman,Economics Respected Think Tanks Always check their mission statement for bias or perspective, but these are known for accuracy in research even if they do cardstack and/or research from a biased perspective. They are helpful in stacking your case with relevant facts. Conservative Heritage Foundation Citizens Against Government Waste Media Research Center TownHall.com (A branch of Heritage Foundation) Republican National Committee National Federation of Republican Women American Enterprise Institute Hoover Institution Family Research Council Manhattan Institute Hudson Institute Washington...
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... A Flat World, a Level Playing Field, a Small World After All, or None of the Above? A Review of Thomas L. Friedman’s The World is Flat EDWARD E. LEAMER∗ Geography, flat or not, creates special relationships between buyers and sellers who reside in the same neighborhoods, but Friedman turns this metaphor inside-out by using The World is Flat to warn us of the perils of a relationship-free world in which every economic transaction is contested globally. In his “flat” world, your wages are set in Shanghai. In fact, most of the footloose relationship-free jobs in apparel and footwear and consumer electronics departed the United States several decades ago, and few U.S. workers today feel the force of Chinese and Indian competition, notwithstanding the alarming anecdotes about the outsourcing of intellectual services. Of course, standardization, mechanization, and computerization all work to increase the number of footloose tasks, but innovation and education work in the opposite direction, creating relationship-based activities—like the writing of this review. It may only be personal conceit, but I imagine there is a reason why the Journal of Economic Literature asked me to do this review. 1. Prologue hen the Journal of Economic Literature asked me to write a review of The World is Flat: A Brief History of the Twenty-First Century (Farrar, Straus, and Giroux 2005) by Thomas Friedman, I responded with enthusiasm, knowing it wouldn’t take much effort on my part. As ∗ Leamer: Anderson...
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...Running Head: CHILDREN AND PRESCRIPTION DRUGS Children and Prescription Drugs Although prescription drugs help significantly in some people, can they also be considered harmful in young children? Many children are experiencing early diagnosis on their medical conditions whether it is attention deficit disorder (ADD), attention deficit hyperactive disorder (ADHD), or even a bipolar disorder. In the past few years the use of prescription drugs in young children has greatly increased in schools and in homes due to parents and doctor’s diagnoses. In numerous cases this can cause harmful side effects. Studies have shown that there are other ways of controlling the disorders without the use of medication. Many of these side affects could easily be avoided. In the article Mass Tracks Children on Physiactric Drugs by S. Allen (2007), doctors who overprescribe or diagnose young children incorrectly are causing harmful side effects. Many children, some even under the age of five, are being diagnosed with forms of psychiatric or medical problems that require prescription medication. Doctors are then going and giving children doses of medicine, sometimes three different kinds at a time (Allen A1). For some children, this works wonders. Others, however, have to deal with serious side effects. In her article for the International Herald Tribune, T. Parker-Pope (2008) states, “Nearly one-third [of children] experience worrisome side effects.. the side defects...
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...MANAGEMENT INFORMATION SYSTEMS: BUSINESS DRIVEN mis INFORMATION IS EVERYWHERE. INFORMATION IS A STRATEGIC ASSET. WITHOUT INFORMATION, AN ORGANIZATION SIMPLY COULD NOT OPERATE. THIS CHAPTER INTRODUCES STUDENTS TO SEVERAL CORE BUSINESS STRATEGIES THAT FOCUS ON USING INFORMATION TO GAIN A COMPETITIVE ADVANTAGE, INCLUDING: • The core drivers of the information age • Data, information, business intelligence, knowledge • Systems thinking • Competitive advantages • Porter’s Five Forces model • Porter’s three generic strategies • Value chain analysis Many of these concepts and strategies will be new to your students. Be sure to explain to your students that this chapter offers an introduction to these concepts and they will gain a solid understanding of the details of these concepts as they continue reading the text. SECTION 1.1 – BUSINESS DRIVEN MIS Competing in the Information Age The Challenge: Departmental Companies The Solution: Management Information Systems SECTION 1.2 – BUSINESS STRATEGY Identifying Competitive Advantages The Five Forces Model – Evaluating Industry Attractiveness The Three Generic Strategies – Choosing a Business Focus Value Chain Analysis – Executing Business Strategies | | |SECTION 1.1 ...
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