KAIZEN SCHOOL OF BUSINESS MANAGEMENT MARKS: 80 COURSE:MBA SUBJECT: General Management N.B: 1} Attempt all the questions Name: Manoj Kumar Gupta Reference No: KP00510-20444 ____________________________________________________________ _________________ Case -1 The “FedEx” of Junk Removal Eighteen thousand expired cans of sardines. Fifty garden gnomes. A mechanical bull. An antique silver set (worth a lot of money). That’s just some of the weird stuff that 1-800-Got-Junk? customers have asked
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Stimuli of Free Markets…………………………………………4 1.2.3 Significance of Free Markets as demonstrated by Smith: The beginning of a New Era…………………………………………………………………………………………..4 1.2.4 The Threshold of Economic Change………………………………………………..5 1.2.5 The Laissez- Faire Policy of Leaving Entrepreneurs Alone……………………….5 1.2.6 Smith’s Prophecy on Division of Labor as a Significant Value of Globalization…6 1.2.6 Market Capital Extensions and other issues related to Globalization…………….7 1.3 Smith’s Prognosis
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Topic 4: Late 19th Century Theories 1. Continental thought in the early 19th Century was shaped by a philosophy that rejected material things in favor of a search for inner truth. This philosophy was (a) Cartesian rationalism. (b) classical economics. (c) Marxian economics. (d) social rationalism. (e) dialectical materialism. 2. A school of thought influenced by Auguste Comte’s determinism‚ and which contended that Ricardians “confined the observations on which they based their reasoning
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money. That also means that they need to purchase more in order to take care of everyone and meet all of their basic needs for life. Other ideas were developed by others such as Karl Marx‚ Adam Smith‚ and David Ricardo. They all had different ideas and predictions about the economy‚ laissez-faire‚ meaning little to no government involvement‚ social classes‚ and more. The Industrial Revolution did not only bring economic ideas‚ it started making travel and trade more efficient. The Industrial Revolution
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Metternich’s main goal of the Concert of Europe was to restore the old order and keep Europe as it was‚ thrones would be restored back to the kings and some states would be reformed. “Count Metternich and his counterparts at the Congress of Vienna hoped to return to the old system‚ with its hereditary monarchy‚ established church‚ and privileged landowning aristocracy. However‚ the day of the Old Order had passed; the American and French revolutions had created profound changes in political thought
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be associated with James and John Stuart Mill‚ David Ricardo‚ Jeremy Bentham‚ and laissez-faire style economic policies? Without clarification‚ making reference to liberalism can be misleading. In this examination of the term‚ an attempt will be made at shedding some light on the origins of and the different meanings of the term liberalism. Milton Friedman‚ an influential economist and former advisor to President Reagan‚ had a laissez-faire view of economics and politics. He distinguishes between
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Revolution. 5. The Haitian slave revolt slave revolt led by Toussaint L’Ouverture: c. led to the independence of Haiti. The Europe-wide revolutions of 1848: d. all failed. Classical economists such as Malthus and Ricardo: a. believed generally in laissez-faire and were pessimistic about the working class. Italian nationalists: a. were divided over whether Italy should be a monarchy or republic. 9. The Crimean War: a. began Russia’s gradual decline in actual political power
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G. Buchholz defines economics as the study of choice. Economists examine the consequences of the choices people make. The creation and evolution of economics over centuries came from the ideas of four economists: Adam Smith‚ Thomas Malthus‚ David Ricardo‚ John Stuart Mill‚ Karl Marx‚ Alfred Marshall and John Maynard Keynes. These well respected economists help the theory of economics grow and become what it is today. Economics started with the ideas of Adam Smith. He is credited as the first true
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The roots of Indian economic thought are traced back to the 3rd century BCE during the Mauryan period (Heitzman‚ 2003). A treatise on Indian economy ‘Arthashastra’ by Kuatilya was written during this period. It portrayed a highly centralised‚ bureaucratic state‚ collect tax revenues from mining: Agriculture‚ craft production‚ commerce‚ etc. Roger Boesche’s (2002) excellent commentary on Kautilya’s voluminous text draws out the essential realist arguments for modern Indian strategic thinking and our
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ORGANIZATION GROUP FLOW In an organization‚ communication flows in 5 main directions- 1. Downward 2. Upward 3. Lateral 4. Diagonal 5. External 6. Laissez-faire 1. Downward Flow of Communication: Communication that flows from a higher level in an organization to a lower level is a downward communication. In other words‚ communication from superiors to subordinates in a chain of command is a downward communication. This communication flow is used by the managers to
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