How could you use the concepts of adam smith

Assignment Help Other Subject
Reference no: EM13843282

Imagine you are a local businessperson who has to deal with the issue of outsourcing. You want to begin with the facts. How many, if any, jobs have been lost to outsourcing in your area? Are there any foreign firms in your area that are creating jobs (insourcing)? Consider using the Internet to help you find the data you need.

Look through your local phone book to find five businesses that provide services in your area in a domain of interest. List those businesses and, for each, describe how social trends might affect them in both positive and negative ways. Be prepared to explain your descriptions.
U.S. Supreme Court ruled that cities could have school voucher programs that give money directly to parents, who could then choose between competing schools, public or private. The idea was to create competition among schools. Like businesses, schools were expected to improve their services (how effectively they teach) to win students from competitors. The result would be improvement in all schools, private and public, to benefit many students.

a. Do you believe economic principles like competition apply in both private and public organizations? Defend your answer.

b. Are there other public functions that might benefit from more competition, including competition from private firms? What key things would lead you to exclude certain kinds of business?

Many people say that business people do not do enough for society. Some students choose to go into the public sector instead of business because they want to help others. However, business people say that they do more to help others than nonprofit groups do because they provide jobs for people rather than giving them charity. Furthermore, they believe businesses create all the wealth that nonprofit groups distribute.

a. Find the middle ground in this debate and show that both businesspeople and those who work for nonprofit organizations contribute to society and both need to work together more closely to help people?

b. How could you use the concepts of Adam Smith to help illustrate your position?

Reference no: EM13843282

Questions Cloud

About motor company supply chain : Use your own words and write about Ford Motor Company Supply Chain.
Estimate is better than another when scheduling project work : How do you believe a project manager should decide that one estimate is better than another when scheduling project work? If you were the project manager in this case study, which estimate would you use?
How can the ability of and approach by a detective : In at least 250 words, post to the Discussion Area answers to the following questions: How can the ability of and approach by a detective affect the outcome of an investigation? What are the most important types of physical evidence that may identify..
Compare maslows theory and herzbergs theory : Compare maslow's theory and herzberg's theory and apply either theory to one human resource management issue that might be found in an international business?
How could you use the concepts of adam smith : Find the middle ground in this debate and show that both businesspeople and those who work for nonprofit organizations contribute to society and both need to work together more closely to help people?
Using waiting line model-tool cribs where workmen draw parts : A company has tool cribs where workmen draw parts. Two men have applied for the position of distributing parts to the workmen. George Fuller is fresh out of trade school and expects a $6 per hour salary.
Some forms of behavior that can signal job withdrawal : What are some forms of behavior that can signal job withdrawal? Choose one of the behaviors you listed and describe how you would respond if an otherwise valuable employee whom you supervised engaged in this kind of behavior.
What is the average waiting time a workman : A company has tool cribs where workmen draw parts. Two men have applied for the position of distributing parts to the workmen. George Fuller is fresh out of trade school and expects a $6 per hour salary. His average service time is 4 minutes. What is..
Find probability that there is one person waiting : In a waiting line situation, arrivals occur at a rate of 2 per minute, and the service times average 18 seconds. Assume the Poisson and exponential distributions. Find average number of units in the system? Find average time in the waiting line. Find..

Reviews

Write a Review

Other Subject Questions & Answers

  International negotiation-relationship building

Provide at least two popular definitions of negotiation and relationship building. Analyze and explain some of the social and economic consequences of not concentrating on negotiation and relationship building.

  Racial relations and racism

Social inequalities (e.g., race, ethnicity, gender, age) have been stated as one of the most challenging issues facing the United States over history.

  If your country was just emerging and was writing a

if your country was just emerging and was writing a constitution how would you organize your political institutions?

  Inductive generalization has confidence level-error margin

"Identify the fallacy in the following passage-or you could put this in terms of whether the inductive generalization has a "confidence level" in the conclusion that is too high or an "error margin" that is to narrow for the facts asserted in the pre..

  Identify the organizations and their functions

Identify the organizations, and their functions, on all levels (federal, state, and local) involved in Emergency Management.

  Explain the term maintenance strategy and its purpose

Explain the term Maintenance Strategy and its purpose. What are the steps that can be taken to improve the Maintenance Strategy in Industry. Name the Four common maintenance strategies that have been developed during the maintenance evolution ..

  Changes in the environment in massachusetts

Describe two changes in the environment in massachusetts during the fallthat cause anamals to prepare for winter

  Describe how climate affects an aquatic ecosystem explain

describe how climate affects an aquatic ecosystem. explain based on the first and second laws of thermodynamics how

  Background distressor keeps her in what stage of gas

Jane lives in a finished basement that frequently has problems with mold. This background distressor keeps her in what stage of GAS ?

  Researcher computed the f ratio for four-group experiment

A researcher computed the F ratio for a four-group experiment. The computed F is 4.86. The degrees of freedom are 3 for the numerator and 16 for the denominator. 1. Is the computed value of F significant at p

  Evaluate the magnitude of the phenomenon

Evaluate the magnitude of the phenomenon “expatriate failure” for U.S. MNEs and make at least one (1) recommendation to address the issue. Analyze the factors moderating performance of expatriates and create an ideal candidate profile for an extended..

  Positive psychology on designing personal goals

What is the specific behavior you want to change? (50-100 words). Why would it be a value to stop this behavior or learn a new behavior or skill? (100-150 words)

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