Firms in Context to Liberal and Coordinated Market Economies Essay

Firms in Context to Liberal and Coordinated Market Economies - Essay Example However, it is important to explore that because of different types of economies and different systems of governance, the firms all over the world are operating in similar manner or not. For understanding this concept it is first important to describe what are firms or organisations and what are their aims or objectives. Firms or organisations are a collective set of people who are striving to achieve a common goal or target. The main aim or objective of almost every other firm is of maximizing the overall profits and revenues. It is difficult to conclude that firms or organisations are similar in different social setups and economies or not. Different researchers and analysts have presented several theories in order to answer the complicated question that is there any difference in the firms and management across different societies and economies (Dore, 2006). Two most popular categories of theories in this regard are universalistic theories and particularistic theories. According t o the universalistic theories the firms are same all over the world and are subject to same rules and regulations. ... This has given rise to the concept of the international business and globalization. Organisations are composed of different humans, and the basic characteristics or features of human behaviour are same all over the world (Koen, 2005). On the other hand, according to second school of thought, firms and organisations are different across different economies and societies because of the different preferences and expectations of the management. It is important to consider the impact of the history and culture on the operations and organisational culture of the firms. It is not possible to change the basic culture or history of the firms and there is always a certain level of difference among different firms which cannot be disappeared even by globalization (Koen, 2005). In this paper an attempt has been made to explore and investigate that whether firms are same all over the world or not. For this purpose, emphasis has been placed on the firms in liberal and coordinated market economies. Nature of operations of organisations operating in liberal market economies has been compared with the nature of operations of organisations operating in coordinated market economies. In order to better understand the difference and similarities in the firms in these both types of market economies, characteristics of each type of market economies are also explored. Along with this the universalistic and particularistic theories are also further explained and investigated in the process of finding an answer to the questions under study. Finally, the impact of globalization on the firms and organisations has been examined. UNIVERSALISTIC THEORIES: According to the universalistic theories, organisations are exposed to same laws and

Thesis driven essay Example | Topics and Well Written Essays - 750 words

Thesis driven - Essay Example However, both of them are brief and to the point. Each segment of their discussion is terse and economical. They both present their ideas to the human race with a biblical tone. Although Machiavelli suggests that it is hopeless to change a rotten human society, Lao Tzu asserts that humanity can be modified for the better by following a natural moral view of life. Machiavelli quoted that any man who wished to pursue goodness at all times will not succeed when he is among evil people (224). Machiavelli claims that although a man may desire to be always good, he will not succeed given the multitude of the evil people. Instead of the person becoming better and changing others, the others will choke his goodness. The rotten society in which people live thus devours any good intention of an individual. However, Lao Tzu would respond differently to this statement. Lao Tzu explicitly says that a country should be centered around the Tao and render evil powerless. He says that although evil will always be there, people will be able to avoid its way. Evil will thus disappear if people do not give it something to oppose (Lao Tzu 208). A Tao is a way of becoming attuned to cycles of change. It is a state where one becomes consciously aware of his or her place in the life’s web. The person acts as per the principles of naturalness, spontaneity, and ease. Lao Tzu thus claims that even though evil is here to stay, people can escape from it by believing and acting according to Tao. Lao Tzu holds onto a belief that it is possible to change the atmosphere by centering people around Tao (208). Machiavelli, on the other hand, is of the opinion that this is not true. Machiavelli believes that people are naturally evil. When one man tries to be good, others become comparatively bad. Eventually, the world tends to be shaped by the society. If Lao Tzu stumbled upon Machiavelli’s quote, he would persuade him that people can embrace change if someone begins to