The level of economic stability in any economy depends on both macro and microeconomic variables. Within the scope of the macroeconomic tools various, markets are deemed to be influential. These include the money market, the goods/commodity market, the labour market, capital and also foreign market. For stabilisation purpose, all the markets should be at equilibrium both in the supply and demand sides. The labour market […]

The Stakeholder Theory Charles Fontaine Antoine Haarman Stefan Schmid – December 2006 – Stakeholder Theory of the MNC Index 1. Introduction ……………………………………………………………………………. 3 2. Basic idea of the Stakeholder Theory and Definition ……………….. 3 2. 1. 2. 2. 2. 3. 2. 4. 2. 5. The stakeholder concept – popular and trendy……………………………………………………………….. 4 Different definitions of Stakeholder ………………………………………………………………………………… 5 What is a Stakeholder? ………………………………………………………………………………………………….. 6 Who […]

Kant’s theories are in great contrast with other philosophers. He was a retributivist who believed that punishing wrongdoers though they are rational beings, is right, as long as the crime they did fits such penalty. Punishment without reasons or jailing someone for petty theft is unjust. He spoke about punishment on the critique of practical reasons which contrast with Jeremy Benthan a utilitarian theorist who […]

Introduction In the prevailing business environment which is marked by high level of competitiveness and a challenging international free market economy, business managers are required to have global cultural understanding skills in addition to their domestic cultural ones alone. Chen and Eastman (1997 p.454) mention: “despite differences in the level of analysis and standpoints of organizations versus subgroups, both the integration and differentiation perspectives on […]

Picking on materialism in Feuerbach, Marx claims sensuousness and actuality as the main objects of contemplation. This implicitly implies that humanity is interested on selfish issues which result to individual pleasure. Objectivity is also viewed in regards to whether humanity can remain objective. Marx‘s position is of critical importance though the stand on whether it has changed the world remains debatable. Locke’s philosophy has played […]

Ageing or aging is the process of getting older. Age is commonly taken into account in social interaction and age differentiation is commonly a basis for allocating social roles and resources. A theory of aging or a formal intervention strategy, by its very nature as a human activity, always contains a story with implicit and explicit meanings or ontological images of human nature, its development […]

The contrasting social divide of 19th century Europe was one of the principle-instigating factor that inspired Karl Marx and Frederick Engels to come with Communist Manifesto in 1848. It called upon the working classes to declare war upon the bourgeoisie. In the opinion of Marx, capitalism with its inherent tendency to favor property accumulation, market system and wage labor system had always worked in promoting […]

Ethics are a part of everyday life. Dependent on the individuals focus, ethics can be a core value or a term used when needed. This comparison will assist with understanding the morality of individual decisions or choices based on the ethical system inherited. Virtue based theories centers on good character behavior, a type of human growth that forms good decision making and control of bad […]

Overview of Porter’s theoretical perspective The theory of Porter is a study which works as a tradition that is related to the neo-classical economics with the nature of self adjusting nature of markets. The theory of Porter places innovation and industrialisation of geographic which is one of the number of theories for competitive advantages which aims at the process and development (O’Connell et al. , […]

Language is closely related to the human mind. The human mind, however, is very difficult to study, as it cannot be observed directly. But it leaves its traces everywhere, particularly in language. Language has been a window of the mind. Many people have tried to discern the workings of the mind from the growth of children. Psycholinguists are concerned with the mental processes that are […]