Saturday, December 28, 2019
Nursing Management (Planning) - 4852 Words
General Objectives: The reporter formulated these objectives for the purpose of directing the students towards an organized discussion and to be able to present the topic in a clear and comprehensible approach. Specific Objectives: At the end of this topic students will be able to: â⬠¢ Define the mission or purpose statement, philosophy, vision, objectives and core values as it pertains to nursing services; â⬠¢ discuss the elements/ components of planning; â⬠¢ enumerate the types and phases of strategic planning; â⬠¢ understand the importance of formulating mission, vision, value statements, objectives and philosophy act as a basis for any organization; and â⬠¢ understand the purposes and benefits of strategic planning. Elements/ Components ofâ⬠¦show more contentâ⬠¦Programs are activities put together to facilitate attainment of some desired goals. Time Management is a technique for allocation of oneââ¬â¢s time through the setting of goals, assigning priorities, identifying and eliminating time wastes and use of managerial techniques to reach goal s efficiently Principles of Time Management 1) Planning for contingencies-planning anticipates the problem that will arise from actions without thought 2) Listing of task-task to be accomplished should be done in sequence which are prioritized according to importance 3) Inventory 4) Sequencing 5) Setting and keeping deadlines- and adhering to deadline is an excellent exercise in self discipline 6) Deciding on how time will be spent Time Saving Techniques, Devices and Methods to Better Use of Time 1. Conduct an inventory of your activities. 2. Set goals and objectives and write them down. 3. With the use of calendars, executive planners, logs or journals, write what you expect to accomplish yearly, monthly, weekly or daily. 4. Break down large projects into smaller parts. 5. Devote a few minutes at the beginning of each day for planning. 6. Organize yourShow MoreRelatedHealthcare Smart Goals1309 Words à |à 5 Pagesdevelopment through mentoring programs for career development, professional growth, increase of morale, and quality within my nursing career by the end of one year. The second goal is to apply the principles of effective organization involving use of information, focus on patient care giving, and design clinical care giving in an organizational chart to achieve organizational planning and evaluation as all levels. Leadership Development Goal The leadership development goal is to assist and direct personalRead MoreEssay on Stratregic Planning Nursing Process715 Words à |à 3 PagesStrategic Planning and the Nursing Process Kerrie Troy HCS/482 June 24th, 2013 Dr. Michael Solomon Strategic Planning and the Nursing Process Paper Strategic planning and the nursing process both are essential when developing medical informatics. The nursing process is an exceptional representation to use for strategic planning because it contains the same elements. It is imperative to educate health care professional to understanding the language of the information technology (IT)Read MorePersonal Statement On Health Assessment Essay1064 Words à |à 5 Pagesapplications to my current work place (Havana specialist Hospital, Surulere, and Lagos, Nigeria) and their usefulness to the current world will also be discussed. The concepts are as follows: Communication in Health Assessment (Module1), Management planning in Nursing Process (Module 3), leadership and leadership style, Data collection in health assessment , nutritional assessment, vital signs, Depression and its assessment, substance abuse assessment and lastly assessing skin diseases: Skin cancerRead MoreTime Management Is An Important Aspect Of Every Individua l s Life909 Words à |à 4 PagesTime Management Time management is an important aspect of every individualââ¬â¢s life as everyone should prioritize their responsibilities, and ensure that there is the appropriate amount of time for everything. In fact, time is the regulator of almost all activities and it is something you always lose but can never get back. Many individuals wish that they had more time or could re-live certain moments and use their time wisely. However, in the healthcare profession every second is essential and itRead MoreImplementing the Five Functions of Management Essay1354 Words à |à 6 PagesImplementing the five functions of Management Margaret E. Bridges MGT 330 Thomas Kook 12/19/2011 The five functions of management practices are planning, leading, organizing, staffing and controlling. These functions are essential to forming a successful company with high revenues. Working in the healthcare field I have found that these functions are important to running a successful company. My current employer sets standards to follow and takes corrective action to ensure allRead MoreEffective Organizational Support For Professional Advancement1279 Words à |à 6 PagesDeveloping a transparent organizational commitment to succession planning creates an opportunistic culture encouraging professional development and increasing opportunities for high-potential employees (Bolton Roy, 2004; Rothwell, 2010; Swan Moye, 2009). Transparent organizational support for professional advancement has the potential to boost morale and improve nursing retention (Coonan, 2005). Succession planning efforts at the nurse manager level provide staff nurses an opportunity to exploreR ead MoreStrategic Planning Nursing Process973 Words à |à 4 PagesStrategic Planning and Nursing Process Every decision-making process requires the basic steps of problem identification, intervention and evaluation. In healthcare, both the nursing process and strategic planning involve proper identification of a problem, gathering of data, formulating a plan, and deciding which intervention is the best to implement. After the intervention, evaluation is necessary. Strategic planning and the nursing process both are essential when developing medical informaticsRead MorePersonal And Professional Accountability And Opportunities For Advancement951 Words à |à 4 PagesRegardless of what career a person holds, there will always be personal/professional accountability and opportunities for advancement. The nursing profession is a unique field that evolves based on evidence-based practice as well as advances in medicine and technology. As such, the nursing profession requires nurses to not only stay up to date about latest practices but also advance themselves. One way that nurses stay curre nt is by continuing to pursue advance degrees and certificates through educationRead MoreThe Magnet Recognition Program Essay717 Words à |à 3 Pagesdeveloped to attract and maintain nursing staff. According to American Nurses Credentialing Centerââ¬â¢s (ANCC) web site, the program ââ¬Å"was developed by the ANCC to recognize health care organizations that provide nursing excellence. The program also provides a vehicle for disseminating successful nursing practices and strategies.â⬠Nursing administration continues to have an integral role associated with the demonstration of excellence in achieving the highest honor of nursing distinction. The explorationRead MorePracticum Evaluation: Orlando Childrens Clinic1821 Words à |à 7 Pagesmedication communication reflects on the succession planning that involves managers and staffing. This is with the incorporation of a clarified vision with a strategic plan (Buerhaus, 2000). The succession planning for the respective key personnel is significant in business strategy to assist the healthcare organization in handling effectively its future. In consideration of the current chaotic healthcare environment, development and growth of the nursing staff is significant to the maintenance of the
Friday, December 20, 2019
Analysis Of The Book Exodus - 1722 Words
Acts quotes and alludes to the Old Testament many different times. Exodus is the mainly alluded to in the whole book of Acts. Exodus chapter two is referred to eight different times. Exodus 2 speaks of Moses, when he was hiding in the basket in the river and tells about when he killed an Egyptian. Acts seven is basically a more in-depth telling of Exodus two. Psalms is quoted 18 times in the book of Acts. In Acts Psalm chapter sixteen is quoted three times. Chapter 16 of Psalms is talking about God always being with us in Omnipresence. Furthermore, in Psalm 2 it speaks of Godââ¬â¢s ownership of his people, in Acts Psalm 2 is quoted twice. Isaiah is alluded to 16 times; chapter 42 three times, 53 two and chap. 6 two times as well. Thereâ⬠¦show more contentâ⬠¦When the men heard they were furious, then as soon as he was finished, they stoned him. Stephen spoke of men of great courage and faith, but I think Stephen is right there with them. He cried unto God, not to put the si n of killing him on their account. Then God had Stephen fall asleep before he had to go through too much pain in his death. B. In 2-3 paragraphs, evaluate your findings in point A. What are the apostles saying by quoting the Old Testament? What is their interpretation when they use these quotations? What is their primary message? The apostles are quoting the Old Testament to show that it is still effective today in the Church age. I also found that they were showing the Jews that God is still the same God now that He was then. To show that God is omnipresent, He is always with us, omnipotent, all-powerful and Omniscience He knows everything. The apostles quoted the Old Testament in a way that you can read it as though God is the connecting string from each story to the next. They only spoke in a way to show Godââ¬â¢s power, mercy, and grace. Peter spoke of how all these patriarchs are dead and buried in a tomb somewhere and their bodies are still there. Nevertheless, Christ died, buried, and did not remain in the grave He is living. God, who is living as well, raised Jesus, His son, up from the dead. The primary message is simply the gospel. All of the lessons from theShow MoreRelatedAnalysis Of The Book Exodus 1538 Words à |à 7 Pages Tahmina Razzaq Introduction to World Religions Dr. Dubois Assignment #1 1. The book of Exodus is about the people of Israel, who leave slavery through the strength of God, who has chosen them to be His people. It starts off with Egypt s tyrannical Pharaoh, who orders all newborn males to be killed. A woman (who is Moses mother), saves her baby by placing him in the Nile river. Soon after, Pharaohââ¬â¢s daughter finds this baby and brings him up in the house of Pharaoh. MosesRead MoreAnalysis Of The Book Exodus 4179 Words à |à 17 PagesThis paper will focus on the book of Exodus, chapter 20-23 and it will be discussing the social roles, economic situations and valuation of women in these chapters. It will be discussing the different type of laws which have been made to observe the covenant. It will furthermore be discussing the concerns related to the interaction of social and economic context of these texts, the foundational beliefs hidden in them, and the way in which it shows the differences and similarities in the way in whichRead MoreThe Birth Of Radical Monotheism1220 Words à |à 5 Pagesimperative that I go back and analyze the previous readings. Therefore, I went back and reviewed Exodus, Deuteronomy, 2 Samuel, 1 Kings, 1 Chronicles, and the author comments, narratives, and introductions found in NOAB. I realized that the theme of monotheism had been a recurring one all along; which effectively disqualifies Isaiah from being credited with the birth of radical monotheism. During my analysis of the previously assigned works, I came across the very first impression I had in this courseRead MoreBlack Boy And The Grapes Of Wrath Analysis1728 Words à |à 7 PagesThe bible is a pretty exhilarating book; tales of bearded men crossing deserts, talking snakes, talking bushes, forbidden fruits, floods, adultery, and pregnant virgins. What more could you want? Well, you might want to escape poverty. Logically, your next question is: can religion accomplish this task? And according to Richard Wright and John Steinbeck, the answer is a resounding ââ¬Å"no.â⬠Wright and Steinbeck, pump their books, Black Boy and The Grapes of Wrath, respectively, full of biblical allusionsRead MoreThe Most Influential Text is the Bible1558 Words à |à 6 Pagestext in the record of human history. Both Judaism and Christianity hold the Bible in high spiritual regard, due to its function as the basis for these two respective religions. The Bible serves as a single divine anthology, comprised of a series of books that have been meticulously composed by hundreds of authors over hundreds of years (Armstrong, 2007). Over the course of human history, the stories, lessons, and parables found within the Bible have had significant impact on societies all around theRead MoreThe Book of Job732 Words à |à 3 PagesIntroduction The book of Job is a book that tells a story about a reach man who lived in Uz. The book is filled with the suffering of Job. Job was a righteous man who feared God but lost everything he has got including his health. And he suffered financially, relationship wise and also with different kinds of diseases. The author of the book then tried to show in a poetic dialogue the reaction of job himself and the reaction of his friends to the disaster. And in the last chapters we God communicateRead MoreAnalysis of Book Titles in the Poisonwood Bible Essay1313 Words à |à 6 PagesAnalysisPart II: Analysis of Book Titles Genesis Just like the first book in the Bible, the first book of The Poisonwood Bible is named Genesis. As well as the beginning, Genesis can also mean rebirth. When characters arrive in the Congo they realize the things they brought with them are changed by Africa and can no longer be as they once were. In this way, Genesis symbolizes the process of becoming their new selves. For instance, the first chapter in The Poisonwood Bible, narrated by OrleannaRead MoreExodus Code And The Gate Keepers1683 Words à |à 7 Pagesgame. And itââ¬â¢s because knowledge and its understanding is valued through out our society. This statement can be seen throughout both John Barrowman and Anthony Horowitz work such as Exodus Code and The Gate Keepers. Society as a whole has valued knowledge at it most as seen in the 21st century and in John barrowmanââ¬â¢s Exodus Code and Anthony Horowitzââ¬â¢s The Gate Keepers. We know more now than we have ever known before about the world outside of Earth and our self. This information is gained because ofRead MoreChapter 5 : The Ten Commandments Reviewed1442 Words à |à 6 PagesDeuteronomy 5: 1-21 The Ten Commandments Reviewed The book of Deuteronomy is the fifth book of the Christian and Jewish Bible and the final book of the Pentateuch. Deuteronomy 5: 1-21 begins with Moses summoning all of Israel and declaring the Ten Commandments to the people of the land. The analysis of historical context, literary techniques and the readerââ¬â¢s response to this passage, empowers the readers to appreciate the purpose of the passage. In the book Deuteronomy chapter five, events unfold whichRead More Contrasting the Gods in Homerââ¬â¢s Odyssey and the Biblical Book of Exodus2494 Words à |à 10 PagesContrasting the Gods in Homerââ¬â¢s Odyssey and the Biblical Book of Exodus Many authors have employed the religious beliefs of their cultures in literature. The deities contained in Homerââ¬â¢s Odyssey and in the Biblical book of Exodus reflect the nature of the gods in their respective societies. Upon examination of these two works, there are three major areas where the gods of the Greek epic seem to directly contrast the nature of the God of the Israelites: the way problems are solved, the prestige
Thursday, December 12, 2019
Credit card vs. debit card free essay sample
Although credit cards and debit cards are both widely used with majority of the population, their methods, rules and fees are very similar. While credit cards tend to get a lot of people into debt because it is harder to keep track of you spending balance, debit cards are an easier way to keep track of your spending much like having cash on hand. Both credit cards and debit cards provide a convenient alternative to cash, especially if you do a lot of shopping online (BARRETT). The similar aspects of credit cards and debit cards make it difficult for someone to decide what the best card to use is. With credit cards it is not needed to have money available on the card at the time of purchase. When you sign up for a credit card you have to agree to pay the amount you ââ¬Å"borrowâ⬠back, plus interest fees obtained on the amount you owe (Lindsey). We will write a custom essay sample on Credit card vs. debit card or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The organization pays the seller the amount you spent on the credit card and you pay the organization back. Credit card companies often have different options to pay the amount owed back, like monthly or all at once. Using a debit card is like having cash in your pocket minus the inconvenience of keeping up with all the bills and coins. A debit card works great when you are traveling and cannot have large amounts of money in your possession. A debit card is linked directly to your bank account. In most cases, the person using the debit card knows exactly how much money they have available to spend. Also there are different rules for every bank issuing debit cards. Some banks will charge a set amount for using an ATM that does not belong to the specific bank that issued the card, so be aware of the extra charges. Much like a credit card charges interest fees, if there is no money in your bank account you can accumulate overdraft fees. For example, most popular banks charge $35 per item for NFS (non-sufficient funds) and overdraft fees. US Bank charges $19 per item for the first violation, 2-4 is $35, and $37. 50 for five or more (McCoy). The difference with credit card interest fees and a debit card overdraft fees is that on the credit card interest fees cannot be avoided, but with the debit card if you are aware of the balance in the bank account and do not go over what is in your account, all your purchases will not cost you any extra money. Both credit cards and debit cards have limits. For instance, with a credit card you have a credit line, which can be increased or decreased depending on your account status from the time when you applied for the card. With a debit card the limit of your spending depends on how much money is in your account. Being responsible with your credit card usage can be helpful for your credit rating, but it is also very easy to run a large balance by spending too much, and when you add the interest fees, and late payment fees if applicable, the debt becomes so large it will be hard to keep up with your payments and it is very possible that you will go into higher debt. Similarly with debit cards, not keeping up with all the debit transactions can lead to more fees, but unlike credit cards most debit cards after the first sign of overdraft your card becomes unusable and when swiped it will be denied. According to the Nilson Report, Americans made 28. 4 and 21 billion purchases respectively using debit and credit card in 2008. In 2009, the total credit card purchase transactions went down 4 percent; it was recorded as $20. 2 billion. However, the total debit and prepaid card transactions in U. S. was $36. 2 billion, an increase of 8 percent (Pritchard). In my opinion debit cards are the best choice to pay small amounts that you can easily pay in full, and the credit card should only be used as an absolute last resort. People everywhere are drowning in unsecured debt, because it is easier to overspend with a credit card.
Wednesday, December 4, 2019
The Blocking Effect free essay sample
Examines causes effects of this obstacle to conditioning as factor in behavioral experimentation with animals human learning. The apparent influence of informational factors on associative learning has been the focus of much attention by investigators who wished to account for this phenomenon within the classical Pavlovian conditioning paradigm. One of the most influential concepts in this area has been Kamins (1969) notion of the blocking effect which he identified in animal experiments. Blocking describes the situation in which the prior conditioning of a subject to a conditioned stimulus (A) of a stimulus compound (AB) inhibits conditioning to the second conditioned stimulus B when the compound is paired with an unconditioned stimulus (US). The proof of the blocking effect is provided by trials in which blocking does not take place when an unconditioned stimulus other than the one for which A had been previously conditioned is introduced to the compound AB (Dickinson, 1977, cited by Bonardi
Thursday, November 28, 2019
Emirates Airlines CSR Application
Executive Summary This research paper evaluates the application of CSR by Emirates Airlines. The research is motivated by the need to understand the possible gaps in the companyââ¬â¢s CSR strategies, and hence determine the necessary adjustments that the firm should undertake.Advertising We will write a custom research paper sample on Emirates Airlines CSR Application specifically for you for only $16.05 $11/page Learn More Emirates Airlines appreciates the importance of operating in a social responsible manner in order to satisfy its internal and external stakeholders. In a bid to achieve long-term business success, the airline must improve its commitment to establishing a balance between its internal and external environments. Therefore, the airline should ensure that it adopts a holistic approach in its CSR. The research paper analyses the various CSR activities and strategies that the organisation has integrated into its social responsible strateg ic human resource management practices. The paper is organised into a number of sections. A brief company profile, the purpose of the study, and a statement of the research problem are outlined in the introduction section. The literature review section entails a review of the available literature on the application of CSR strategies and activities in organisations while the methodology section outlines the research techniques used in collecting data from the field. Conversely, the analysis section entails an evaluation of the findings obtained from the study. The last section outlines the conclusion and the recommendations that Emirates Airlines should consider in order to improve its CSR strategies. Introduction Emirates Airlines is one of the most successful air travel companies in the United Arabs Emirates (UAE). The firm was established in 1985 and it is owned by the UAE government. The airlineââ¬â¢s operations are mainly based at Dubai International Airport, which serves as its hub.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More It appreciates the significance of developing optimal competitive advantage in order to sustain superior performance. Subsequently, the company has invested a substantial amount of resources in order to attain competitiveness (Emirates 2014). The airline is focused on continuous improvement of its fleet size and destinations in order to serve the local and international air travel demands. Currently, the company serves over 142 destinations, which is facilitated by over 230 aircrafts. It operates over 3,000 flights per week to over 70 countries. One of the unique characteristics about Emirates Airlines entails its independent operations, as it is not a member of the major global airline alliances, viz. Star Alliance, SkyTeam, and Oneworld. Its independent operation was motivated by the need for optimal flexibility in respondi ng to market changes. However, the airline has entered a number of code-sharing agreements with different global airline companies in order to attain competitive advantage (Emirates 2014). The airline has established two main divisions, which include Emirates Executive and Emirates SkyCargo. Additionally, the airline offers diverse cabin services such as economy class, business class, and first class. In its quest to provide a high level of customer service, the airline has fitted its aircrafts with diverse in-flight entertainment system. It has adopted the concept of global carrier and competitive pricing as its business model, which has remarkably improved its competitiveness against major international carriers such as British Airways, Air France-KLM, Qantas, and Lufthansa.Advertising We will write a custom research paper sample on Emirates Airlines CSR Application specifically for you for only $16.05 $11/page Learn More In addition, it has sustained its positive financial performance despite the prevailing economic changes. During its last financial year, which ended on 31st March 2014, the airlineââ¬â¢s net profit grew by AED 3,254 million (Emirates 2014). Statement of the research problem The global airline industry has experienced considerable growth because of an increment in demand for air travel over the past few decades. Consequently, the degree of competition within the industry has increased substantially. New investors are venturing into the industry by adopting diverse business models such the low-cost models. Conversely, some industry players are adopting diverse expansion models such as the formation of joint ventures in an effort to improve their market performance. The industry is characterised by a high degree of volatility due to economic changes (Worthington Britton 2006). However, despite the high degree of volatility, airline companies have a duty to satisfy the needs of their stakeholders such as inves tors, society, employees, and the government. Thus, the importance of integrating optimal strategic management practices cannot be ignored. One of the aspects that airline companies should focus on in their pursuit for long-term survival entails entrepreneurial excellence. According to Zu (2009), the intensity of global competition coupled with technological evolution has led to the emergence of a new business paradigm. Zu (2009, p. 44) suggests that intangibles ââ¬Ëare seen as a critical factor for the production and the source of sustainable competitive advantage and prosperityââ¬â¢. Consequently, to achieve entrepreneurial excellence, organisations must sustain a high level of profitability in addition to being responsive to environmental, social, and economic issues.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The airline industry has been cited as one of the major contributors of air pollution. It is estimated that the aviation industry accounts for approximately 2% of the total manmade carbon-dioxide emissions. The respective industry players have adopted diverse strategies in an effort to minimise emission of greenhouse gases. Cowper-Smith and Grosbois (2010, p.59) insist that there ââ¬Ëis a growing interest in the scope and effectiveness of efforts undertaken by airlines to mitigate their negative impacts and to contribute to sustainable developmentââ¬â¢. The Inter-governmental Panel on Climate Change (IPCC) projects that the total greenhouse gas emissions from the aviation industry is expected to be less than 3% by 2050 (Pricewaterhousecoopers 2014). Therefore, to attain the desired level of excellence, airline companies should invest in corporate social responsibility (CSR), which involves the extent to which an organisationââ¬â¢s operations are socially and environmentally ethical. However, some airline companies are investing in CSR due to increased pressure from governments and environmental activists, which means that their motivation towards CSR is not inherent. Additionally, the likelihood of such CSR initiatives being ineffective is high. Furthermore, Amann (2013) asserts that investing in CSR due to external pressure might lead to the adoption an ineffective strategy that does not align with an organisationââ¬â¢s bottom-line. Background and rationale of the study The concept of corporate social responsibility is based on the stakeholder theory. Business operations are based on complex relationship with different components of society. Zu (2009) is of the opinion that stakeholders can influence businessesââ¬â¢ long-term existence positively or negatively. In the contemporary business environment, organisations are experiencing pressure from political and economic changes, growth in ecological concerns, intense competition, and change in p ublic values. Nevertheless, businesses have an obligation to meet the requirements and needs of their stakeholders (Zu 2009). According to the stakeholder theory, businesses should not only focus on the economic dimension and ignore the other dimensions in their quest to attain sustainability. One the contrary, organisations should adopt a holistic approach in their operations, which means that they should factor in the diverse categories of stakeholders in their strategic management practices. Luthans and Doh (2012) assert that businesses interact with two main categories of stakeholders, which include the non-market and market stakeholders. The non-market stakeholders entail individuals who do not directly engage in economic exchange with an organisation. However, they are affected by the operations of the business. Examples of non-market stakeholders include non-governmental organisations, activity groups, and the government. Conversely, the market stakeholders involve the partie s that are directly involved in an organisationââ¬â¢s economic transactions (Zu 2009). Some of the major market stakeholder entails employees, shareholders, creditors, and other parties within the supply chain such as agents, distributors, and suppliers. Organisations in different sectors are adopting aggressive growth strategies such as market expansion in order to improve and sustain a high competitive advantage. Consequently, their scope of operation, and hence their impact on society is increasing substantially. Luthans (2011, p.109) asserts that companiesââ¬â¢ influence ââ¬Ëon society has become so pervasive that they should discharge accountability to more sectors of society than solely their shareholdersââ¬â¢. Some of the major justifications for investing in CSR include gaining a moral appeal, attaining a high level of sustainability, and gaining corporate reputation (Armstrong 2010). Horrigan (2010) proposes that businesses have a moral obligation to operate eth ically despite their performance. Additionally, tying CSR activities to an organisationââ¬â¢s operations enhances an organisationââ¬â¢s competitive advantage. Therefore, it is imperative for organisations to recognise the importance of understanding the impact of their operations on diverse stakeholder groups. Objectives of the research This study intends to understand the significance of CSR amongst business organisations. The study will be based on a case study of Emirates Airlines. The main research objectives include To assess Emirates Airlinesââ¬â¢ CSR strategy and the activities that the organisation has designed in implementation of the strategy To evaluate the effectiveness of Emirates Airlineââ¬â¢s CSR strategy To propose how Emirates Airlines can improve its CSR practices Research questions In order to attain the above research objectives, the study will be based on a number of research questions, which include What are the major CSR strategies and activitie s that Emirates Airlines has implemented? How effective is the corporate social responsibility strategies adopted by Emirates Airlines? In what ways can Emirates Airlines improve its corporate social responsibility? Research gaps Over the past decades, most organisations have appreciated the significance of CSR in their operations. However, the application of CSR practices has mainly focused on external stakeholders. The external dimension of CSR entails focusing on social issues such as climate change, poverty reduction, disaster relief and corporate community involvement. Therefore, internal application of CSR has remained relatively low. Wells (2013, p.128) argues that CSR ââ¬Ëis typically regarded as a macro-level activity with macro-level consequences, and thus it has received scanty attention within the micro-organisational behaviourââ¬â¢. Therefore, it is imperative for organisations to adopt a holistic approach in order to succeed in attaining social objectives. One o f the ways through which this goal can be attained is by transforming organisations into a CSR-oriented. Limitations of the study This research entails a case study of Emirates Airlines. Subsequently, the findings of the study do not apply to other firms in the airline industry. However, it is assumed that the findings of the study will provide insight to firms in the global airline industry on how they can attain sustainability by adopting a holistic approach to CSR. Organisation of the study This paper is organised into a number of areas. First, a literature review outlining the various CSR approaches and strategies that are applied by organisations is provided. The methodology section explains the techniques used in collecting and analysing data. An analysis of findings obtained from the field is illustrated by providing a detailed illustration of the responses obtained and their significance and implication to Emirates Airlines. The gaps in Emirates Airlinesââ¬â¢ CSR strategy are also identified. A conclusion on CSR in Emirates Airlines and the strategies that the firm should consider are outlined. Literature review Considering the high rate of globalisation and the emergence of the knowledge economy, organisations cannot anchor their success on their philanthropic practices and ignore other relevant stakeholders. Furthermore, no profit-oriented company can afford a decline in their financial strength by over-engaging in philanthropic activities. Subsequently, organisational managers have a duty to balance between its engagement in CSR and business activities in order to attain the desired level of synergy. Prasad (2005) asserts that businesses must ensure that their CSR strategies are sustainable. Despite the stunning growth in appreciation of CSR as a critical managerial aspect that is worth investing in, most organisations experience challenges in the process of designing, implementing, and monitoring CSR activities. Prasad (2005) is of the view that organisational managers can integrate CSR by adopting two main approaches as evaluated herein. Stakeholder mapping This approach involves a mechanism of identifying the diverse stakeholder groups coupled with how they are related to an organisation. Therefore, stakeholder mapping enables an organisation to gain insight on the importance of the diverse stakeholder groups. One of the most effective models that organisations can adopt in mapping stakeholders entails the salience model, which focuses on the stakeholdersââ¬â¢ ability to influence an organisationââ¬â¢s actions. Thus, organisations should determine the most important stakeholder to consider during the process of formulating CSR strategies. Stakeholder engagement Organisations should base their CSR activities on extensive consultation process with the relevant stakeholders. Dialogue between the organisation and stakeholders is fundamental in establishing understanding and mutual interdependence. An organisation can e stablish stakeholder engagement via different levels. These levels include the passive, proactive, two-way, and the listening level. The passive level involves communication of an organisationââ¬â¢s activities to stakeholders through different mediums such as the media. The ââ¬Ëtwo-wayââ¬â¢ level of engagement involves a dialogue between an organisation and stakeholders through a well-established feedback sharing mechanism. On the other hand, the proactive level entails a form of engagement that provides stakeholders with an opportunity to participate in the decision-making process. The listening approach entails collecting the stakeholdersââ¬â¢ views through interviews. Idowu and Louche (2011) argue that stakeholder engagement contributes to the development of CSR in an organisation as the stakeholdersââ¬â¢ views and opinions are well understood. CSR strategies Armstrong (2010) argues that CSR strategy should be integrated within an organisationââ¬â¢s business str ategy. Moreover, the CSR strategy should be closely linked with an organisationââ¬â¢s HR strategy. This association emanates from the view that CSR strategy is aimed at entrenching socially responsible behaviour within and without an organisation (Armstrong 2010). Previous studies conducted shows that organisations can adopt two main categories of CSR strategies that organisations can adopt. These categories entail the employee-oriented social responsible strategies and the external oriented CSR strategies (Wells 2013). However, the application of these strategies in managing CSR has varied significantly. For example, most organisations have over-emphasised the external component of CSR and ignored the employee-oriented CSR. Wells (2013) defines employee-oriented social responsible HRM as a management practice that focuses on employees by integrating various policies such as work-life balance and optimal reward system. Internal CSR strategies are focused on promoting the level of productivity within an organisationââ¬â¢s workforce. Thus, one of the areas that internal CSR strategies are concerned with involves improving the workplace environment. According to Chandrasekar (2011), the workplace environment directly affects the employeesââ¬â¢ level of engagement and productivity. Some of the strategies that organisations adopt in improving the working environment entail employee retention strategies. Idowu (2009) asserts that organisations have a duty to ensure fair and equitable remuneration, which explains why firms are increasingly integrating monetary and non-monetary rewards. Organisations should ensure that employees are remunerated equitably and fairly. In addition to these internal CSR strategies, organisations are increasingly adopting job policies that enable employees to balance between work and life aspects. The main work-life balance strategies that organisations have adopted include flexible working policies such as flexi and part-time wor king schedules (Urip 2013). Moreover, organisations have a fiduciary duty to ensure that their workforces attain their career development goals by investing in employee training and development. Investing in employee training strategies plays a fundamental role in improving an organisationââ¬â¢s ability to undertake succession planning. Additionally, it also improves the level of employability amongst employees. Amann (2013) suggests that it is fundamental for organisations to pay systematic attention to the concept of workplace integrity. Additionally, Amann (2013, p. 444) asserts that there ââ¬Ëis a real danger or risk that all other initiatives [and particularly external CSR orientations] might fall apart or be characterised as insincere and misaligned if workplace integrity is ignoredââ¬â¢. Furthermore, Wells (2013) emphasise that an organisation that ignores the internal component of social responsible human resource management [SRHRM] is likely to perform dismally wit h regard to external CSR. This assertion is based on the simple concept of paying attention to in-house corporate responsibilities before diffusing CSR to external stakeholders (Amann 2013). Unlike the internal CSR strategies, the external CSR strategies are interested in the wider community within which a firm operates. The external social responsibility strategies are concerned with improving the general welfare of the external organisational stakeholders. Wells (2009) asserts that external CSR strategies have received extensive attention by organisations in different sectors. The external CSR strategies are concerned with three main issues, which include social, environmental, and community issues. Some of the major external CSR strategies that firms have invested in entail climate-change mitigation strategies, poverty reduction strategies, and provision of relief. Yilmaz and Kucuk (2010) assert that investing in CSR may lead to improvement in an organisationââ¬â¢s reputation, and hence itââ¬â¢s overall financial performance. However, some critics contend that the extensive investment in external CSR may affect the internal stakeholders adversely especially employees. Wells (2013, p. 125) argues that hiring for ââ¬Ëcognitive moral development and agreeableness, and recruiting CSR-specific staff may affect the employment opportunities for other employeesââ¬â¢. Moreover, a firm might incur a substantial financial cost in the process of undertaking CSR-specific training, hence affecting the training and development of other employees. Furthermore, other critics argue that the involvement in philanthropic activities such as poverty reduction might negatively affect an organisationââ¬â¢s capacity to remunerate its workforce fairly and equitably (Wells 2013). Therefore, despite the significance of external CSR strategies in improving an organisationââ¬â¢s corporate reputation and survival, it is imperative for organisational managers to establis h a balance between internal and external CSR strategies. Methodology The objective of this research study is to explore the application of CSR by Emirates Airlines. In a bid to attain the research objective, the study has adopted mixed research design. Thus, the qualitative and quantitative research designs have been integrated. Qualitative research design was selected in order to provide the researcher with an opportunity to undertake an in-depth exploration of the research subject within Emirates Airlines. Therefore, the likelihood of gathering a wide range of data is high. In order to be effective in interpreting, condensing, and analysing the data collected, quantitative research design has been integrated. In order to improve the credibility of the research, the study is based on primary sources of data. Data was collected by conducting interviews on a number of internal and external stakeholders at Emirates Airlines. The internal stakeholders selected during the study include d employees in different levels of management and their subordinates. Conversely, the external stakeholders mainly included Emirates Airlines customers and the public in Dubai. Simple random sampling was adopted in selecting the research respondents. A sample of 100 respondents, which comprised the different categories of stakeholders, was constructed using simple random sampling technique in order to eliminate bias. The selection of the research respondents was based on the assumption that they were conversant with the CSR concept. Questionnaires were used as the main data collection instruments. However, it was ensured that the questionnaires were designed effectively by eliminating ambiguity and errors in order to increase the rate of response. The data collected was analysed and presented using Microsoft Excel. The choice of the Microsoft Excel software was motivated by its effectiveness in presenting research data using different methods and tools such as tables, charts, graphs , and percentages. Furthermore, Microsoft Excel makes it possible to compare the respondentsââ¬â¢ opinions, hence gaining insight on the perspectives regarding the subject under investigation. Therefore, adopting Microsoft Excel aimed at improving the effectiveness with which the data collected from the field is analysed. Analysis In order to be effective in implementing CSR strategy, it is imperative for organisations to invest in diverse CSR activities. Armstrong (2010) asserts that organisations should integrate social activities, adopt progressive HRM practices, focus on environmental concepts, and engage in other activities that contribute towards the advancement of the societyââ¬â¢s welfare. This assertion highlights the importance of incorporating both external and internal CSR strategies. Findings of the study showed that Emirates Airlines is committed to attaining long-term sustainability. The respondents cited different strategies that Emirates Airlines has adopted i n its pursuit for CSR. Fifty seven percent [57%] of the respondent cited Emirates Airlinesââ¬â¢ involvement in external CSR, while 43% of the respondents cited its involvement in internal CSR. Graph 1 However, the respondentsââ¬â¢ opinion on the firmââ¬â¢s involvement in CSR varied as evaluated herein. External CSR activities Thirty seven percent [37%] of the respondents cited the companyââ¬â¢s sports sponsorship activities. On the other hand, 20% of the respondents cited the companyââ¬â¢s investment in the airline foundation. Graph 2 According to these respondents, Emirates Airlines has invested extensively in sportsââ¬â¢ sponsorship within the UAE and other parts of the world. The airline has invested in different sports such as football, rugby, motorsports, tennis, horseracing, golf, and cricket. The sports sponsorship program has been in existence for over 20 years. Football constitutes one of the fundamental sports in the companyââ¬â¢s sponsorship portfol io. In order to be successful in sponsoring sports, the airline seeks the sponsorship rights from the relevant sports governing bodies such as FIFA. When asked why the motivation behind the companyââ¬â¢s investment in sports sponsorship, the respondentsââ¬â¢ opinions differed. Ten percent [10%] of the respondents argued that the airline considers sports sponsorship as an important element in the companyââ¬â¢s effort to connect with its customers. Nine percent [9%] of the respondents argued that the firmââ¬â¢s extensive investment in sports sponsorship arises from the need to support the societyââ¬â¢s interests, while 13% of the respondents cited the need to establish a strong corporate identity within the society. Graph 3 The respondents were of the opinion that the firmââ¬â¢s commitment to sponsoring sports enables it to be part of major sports events such as FIFA World Cup. Therefore, this commitment has played a remarkable role in improving the airlineââ¬â¢s global recognition. For example, its association with the Asian Football Confederation [AFC] has enabled the carrier to gain significant market recognition in Asia. Additionally, the airline is remarkably visible in the European region due to its sponsorship of major European clubs such as AC Milan, Arsenal, Paris Saint-Germain, and Real Madrid. According to these respondents, Emirates Airlines supports a particular sport upon establishing a new route in order to create optimal market awareness. In line with this strategy, the company has developed a strong presence in Europe through its naming rights of the Emirates Stadium. Furthermore, the airline has also entered an 8-year shirt sponsorship deal, which commenced during the 2006/2007 season. The airline has also established the Emirates Cup, which is a pre-tournament that is usually hosted by the Arsenal Football Club. In addition to football, the airline has sponsored major rugby events such as the 2007 Rugby World Cup in Franc e and the 2011 RWC in New Zealand. The airline has also signed an agreement to sponsor 2015 and 2019 RWC in England and Japan correspondingly. Emirates Airlines has been the core sponsors of the Dubai Rugby Sevens over the past two decades. The airline is also involved in sponsoring high profile tennis tournaments such as the US Open Series, Rodgers Cup, the Dubai Tennis Championship, and Internazionali BNL dââ¬â¢Italia [BNP]. Recently, the airline entered a 5-year contract, whereby it will serve as the official airline during the ATP World Tour (Emirates 2014). Emirates Airlines has also portrayed its commitment to the growth of Formula 1 sports event by collaborating with F1. For example, in 2013, the airline presence was evident during the Formula 1 season in North America, South America, Asia, Europe, and Australasia. For example, the circuit bridges were branded with Emirates Airlinesââ¬â¢ logo and colour. Through its sports sponsorship, the airline has established a stro ng link with its customers. For example, the firm interacts with customers through different platforms such as the digital and mainstream platforms. The airline has also incorporated horseracing as a component of its sports sponsorship portfolio. Some of the horse racing events that the airline sponsors includes the Dubai World Cup Carnival, the Melbourne Cup Carnival, and the Singapore Derby (Clark 2011). On the other hand, 2% of the respondents cited the companyââ¬â¢s involvement in cultural sponsorship. The respondents cited the airlineââ¬â¢s commitment to the growth of culture and arts. For example, the company has collaborated with the Dubai Summer Surprises, which is a major shopping festival, viz. the Emirates Airlines Festival of Literature and the Dubai jazz and film festivals. The commitment to these festivals has played a remarkable role in improving its global recognition by providing consumers with an opportunity to experience diverse cultures (Emirates 2014). Apa rt from sports and cultural sponsorship, 3% of the respondents were of the opinion that the airline has invested adequately in CSR by assisting the needs of children in different parts of the world. When asked how, the respondents were of the opinion that the airline has established a foundation that is led by His Highness Sheikh Ahmed bin Al-Maktoum. The Emirates Airline Foundation operates as a philanthropic and humanitarian organisation that focuses on providing aid to children. The objective of the foundation is to improve the wellbeing and quality of life amongst children in need. Some of the areas that the foundation focuses on include education, health, and the provision of shelter. Through its foundation, Emirates Airlines has improved the quality of life within the community in which it flies. For example, the airline has established the Emirates Friendship Hospital Ship in Bangladesh in an effort to provide effective healthcare services to children in the rural areas (Emir ates 2014). From the above analysis, it is evident that Emirates Airlines has mainly emphasised sports sponsorship and promotion of children welfare in its CSR strategy. However, it is imperative for Emirates Airlines to expand its community involvement. According to Fernando (2009), social exclusion is one of the major risks that can hinder an organisationââ¬â¢s ability to exploit available opportunities. In addition to community, Emirates Airlines should invest in environmental protection programs as the occurrence of climate change due to environmental pollution can affect the airlineââ¬â¢s competitiveness adversely. Recently, the airline has illustrated its commitment to protecting the environment through its partnership with the Emirates Marine Environmental Group [EMEG, which is focused on protecting marine life. Internal CSR strategies The study shows that Emirates Airlines is committed to the internal component of CSR. Subsequently, the airline has integrated a number of strategies in order to attain optimal CSR. Seventeen percent (17%) of the respondent interviewed cited the companyââ¬â¢s commitment to fair and equitable remuneration. The respondents argued that the company has formulated one of the most competitive compensation packages. In their opinion, the airline has integrated a comprehensive reward system that entails diverse benefits, which include monetary and non-monetary benefits. Some of the cabin crew employees selected in the study asserted that their salary scale is based on three main parts, which include the basic salary, flight per hour pay, and the overseas layover or night-stop allowance. Therefore, the airlinesââ¬â¢ cabin crew members receive benefits depending on the number of hours flied. Additionally, the salary scale also varies depending on the cabin-crew job position, viz. the first class, economy class, business class, the Pursur, and the senior flight attendants. In an effort to improve the level of motivation amongst its employees, Emirates Airlines increases the salary scale as workers gain experience, which depends on their length of tenure within the organisation. This strategy has played a fundamental role in improving the rate of employee retention within the organisation. Furthermore, 10% of the respondents cited other monetary benefits received at the workplace. Some of the benefits cited include the free accommodation, transport allowance, utility bills, and accommodation allowance to employees who opt to reside outside the companyââ¬â¢s residential property. However, the allowance varies depending on the job position. Employees in higher job positions receive higher allowances as compared to those within the normal crew job positions. The respondents also cited health insurance packages as one of the monetary benefits received at Emirates Airlines. In addition to monetary benefits, 8% of the respondents cited diverse non-monetary benefits. One of these benefits cited include the provision of training and development. Conversely, 8% of the respondents considered in the study were of view that the firm has invested optimally in a comprehensive employee training. The respondents asserted that the airline provides them with an opportunity to progress through their career path. A further 8% of the respondents interviewed said that they are pleased with the airlinesââ¬â¢ work-life balance strategy. According to Fernando (2009, p. 200), ââ¬Ëorganisations should strive to create a balance for their employees so that sacrificing personal lives may not become a pre-condition for a successful professional lifeââ¬â¢. Work-life imbalance increases the level of stress and reduces employee motivation due to lack of job satisfaction. Consequently, the likelihood of an organisation experiencing loss of talent due to employee turnover is increased (Mallin 2009). When asked how the airline has incorporated the concept of work-life balance, the respondents argued that it had integrated effective time management. Sekhar (2009) argues that effective time management is fundamental in providing employees with an opportunity to balance between work and personal issues. Therefore, incorporating the concept of work-life balance plays a fundamental role in minimising job-related stress. The respondents argued that the airline has incorporated different policies to entrench workplace flexibility. Some of the policies cited include flexi-time, part-time, job-sharing, and telecommuting. The flexi-time system allows Emirates employees to determine their most appropriate time to work, for example, between 10 a.m. and 5 p.m. The flexi-time system provides employees with a high degree of control over their work schedule. On the other hand, job sharing involves sharing of duties amongst part-time employees. One the other hand, telecommuting involves working at home using an effective and efficient computer system that connect employees with the workplace (M orrison 2006). Conclusion and recommendations The case study highlights the importance of CSR in an organisationââ¬â¢s effort to attain long-term business excellence. The study shows that Emirates Airlines has recognised the importance of incorporating CSR in its strategic management practices. Its motivation to invest in CSR is driven by a number of factors. First, CSR constitutes an important component in the airlinesââ¬â¢ marketing strategy. Investing in CSR has enabled the company to penetrate new markets successfully. For example, the airline develops optimal market recognition by sponsoring various CSR activities such as sports, culture, and art. Through its long-term commitment to sportsââ¬â¢ sponsorship, the airline has interacted with different societies around the world. Consequently, there is a high probability of the airline improving its competitiveness in the global airline industry despite its volatility to economic changes. Conversely, Emirates Airlines is a lso focused on improving the welfare of the society through its poverty alleviation, health, and education sponsorship programs. Thus, the airline has gained a positive reputation in different societies. However, the company has only focused on the community and ignored the environment. Thus, it is imperative for the management team to improve its external CSR strategy. The airline has also adopted effective internal CSR strategies, as evidenced by its investment in improving the working environment through effective reward management system and time management policies. This aspect has remarkably improved the rate of employee retention in the organisation. Despite the efforts made, Emirates Airlines should incorporate the following elements in its CSR strategies. It should balance its CSR strategy. Currently, the firm mainly focuses on sports sponsorship. Environmental dimension; the airline should improve its commitment to protecting the environment by investing in programs aimed at minimising environmental pollution. The significance of adopting the environmental dimension in its CSR strategy arises from the strong link between the prevailing environmental conditions and the airlinesââ¬â¢ long-term profitability. For example, the occurrence of natural events such as floods and bad weather due to climate change due to manmade activities can affect the airlineââ¬â¢s operations, hence its profitability. Training ââ¬â the airline should invest in a comprehensive training program in order to instil knowledge within its workforce on the significance of participating in social responsible activities. This move will improve its workforcesââ¬â¢ commitment in implementing best practices. Networking businesses and CSR ââ¬â Emirates Airlines should ensure that all the stakeholders within its supply chain are integrated into its CSR strategy in order to ensure that the CSR activities undertaken are not counterproductive due to lack of commitment from o ther parties. Reference List Amann, W 2013, Integrity in organisations: building the foundation for humanistic management, Palgrave McMillan, New York. Armstrong, M 2010, Armstrongââ¬â¢s essential human resource management practice; a guide to people management, Kogan Page, Philadelphia. Chandrasekar, K 2011, ââ¬ËWorkplace environment and its impact on organisational performance in public sector organisationsââ¬â¢, International Journal of Enterprise Computing and Business Systems, vol. 1 no. 1, pp. 66-86. Clark, N 2011, Making connections. Web. Cowper-Smith, A Grosbois, D 2010, ââ¬ËThe adoption of corporate social responsibility practices in the airline industryââ¬â¢, Journal of Sustainable Tourism, vol. 19, no. 1, pp. 59-77. Emirates: Emirates sponsorships 2014. Web. Fernando, A 2009, Business ethics; an Indian perspective, Tata McGraw-Hill, New Delhi. Horrigan, B 2010, Corporate social responsibility in the 21st century; debates and practices across government, law and business, Edward Elgar, Cheltenham. Idowu, S 2009, Professionals perspective of CSR, Springer, Heidelberg. Idowu, S Louche, C 2011, Theory and practice of corporate social responsibility, Springer, Heidelberg. Luthans, F 2011, Organisational behaviour: an evidence-based approach, McGraw-Hill, New York. Luthans, F Doh, J 2012, International management: culture, strategy, and behaviour, McGraw-Hill, London. Mallin, C 2009, Corporate social responsibility; a case study approach, Edward Elgar, Massachusetts. Morrison, J 2006, International business environment: global and local marketplaces in a changing world: the international business environment, Palgrave Macmillan, London. Prasad, A 2005, Corporate social responsibility: concepts and cases, the Indian experience, Excel Books, New Delhi. Pricewaterhousecoopers: Airline industry to face rapid expanding competition, according to PWC US 2013. Web. Sekhar, S 2009, Business policy and strategic management, IK International Publ isher, London. Urip, I 2013, CSR strategies; corporate social responsibility in competitive emerging markets, Wiley, Hoboken. Wells, G 2013, Sustainable business; theory and practice of business under sustainability principles, Edward Elgar, Cheltenham. Worthington, I Britton, C 2006, The business environment, Prentice Hall, New York. Yilmaz, A Kucuk, F 2010, Risk based logical framework to the corporate sustainability, Erciyes University Social Science Institute, Kayseri. Zu, L 2009, Corporate social responsibility, corporate restructuring and firmââ¬â¢s performance; empirical evidence from Chinese companies, Springer, London. This research paper on Emirates Airlines CSR Application was written and submitted by user Jimena H. to help you with your own studies. 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Sunday, November 24, 2019
The Civil War and the Complexities of the Abolition essays
The Civil War and the Complexities of the Abolition essays There were many conflicts, reasons, and struggles that brought about the American Civil War, but there is no question that one of the hottest, most debated issues at that time was the issue of slavery. Should it be abolished? Should it be tolerated? Was it a state issue, or a federal one? Many questions arose about freedom, economics, consequences of abolition, and moralities of slavery. The people that supported the emancipation of slaves and the abolition of slavery had a united purpose, but did they have common incentives? Was the anti-slavery movement a movement towards racial equality, or did the push for abolition coexist with white supremacy? This paper seeks to look further into those who supported abolition before the Civil War and to examine their motives to see the complexities of the time in the areas of society and politics. First, a new wave of thinking was arising within society. The thought that slavery was oppression, sinful and contradictory began to take root. It started with David Walker, a black man who was born free, who wrote the first anti-slavery protest published in 1829 entitled "An Appeal to the Colored Citizens of the World..." It discussed slavery as a product of American greed that contradicted the core of the nation and advocated violence as self-defense. This appeal has been shown to encourage slave revolts throughout the slave communities, and in 1831 Nat Turner led 70 other slaves into the largest, bloodiest slave rebellion moving from plantation to plantation, killing white families, totaling 60 people. This sudden violence led to the establishment of the Colonizationists, who were comprised mostly of southern, white plantation owners. Fearing for their lives, these members were for the abolition of slavery, and to "recolonize" all blacks back to Africa, for their safety, not fo r the benefit of the slaves. In 1832, William Lloyd Garrison established the American Anti-Slavery Society and furthe...
Thursday, November 21, 2019
Reading commentary assignment Essay Example | Topics and Well Written Essays - 750 words
Reading commentary assignment - Essay Example At another level, the authors treatment of the contemporary issues of labor by conventional philosophy, and the rise of military-industrial intricate offer new insights by being clearly related to the periods of old capitalist vibrancy. On a closer analysis, it is particularly important to examine how Marxââ¬â¢s critiques had been anticipated in diverse ways by some of the founding fathers of economics, who were in the preference of a capitalist approach to economics; however, a critical and contemporary analysis for ââ¬Å"A Critical Perspectiveâ⬠is not adequately critical especially when it comes to analyzing his arguments on Marxism and socialism, though their approach to ââ¬Å"Economic Thoughtâ⬠is still appreciable given the fact that their analysis are based on range of disciplines related to Economics. (Hunt and Lautzenheise) In chapter nine, Hunt and Lautzenheiser looks critically into the contemporary subject of Marxism economics and how his arguments sought to define the modern economic viewpoints. He adopts a theoretical view point that advocates for a socialist system and differs with the capitalists on wide range of economic principles. These classical approaches to viewing economic institutions have been largely considered as pre-templates for industrial revolution. Though Marx by nature was a product of the Western economics, his contributions that combined classical German Economics and scientific technology brought to the fore a new force in viewing economic systems leading up to the Industrial Revolution. Hunt and Lautzenheiser re-affirms that the radical viewpoints as pioneered by Marx represent Marxââ¬â¢s interpretation of historical events and his due prediction of what was to be later a struggle between employees and management. At the same time, Hunt Lautzenheiser concurs that Marxism theories provided
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