both Milton Friedman and Robert Almeder have strong opinions. Although their opinions are polar opposite they have valid arguments. The objective is to analyze both opinions from their perspective point of views based on the examples given in the text. A mixture of both positions would provide a common ground for all people involved. Friedman specifically states that the main objective of business is to maximize profits in any way‚ shape‚ or form as long as it is legal. Under the Friedman doctrine
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S. NAIPAUL’S MIGUEL STREET What is the role of the creative artist in countries such as ours? Novelist V.S Naipaul raises this question in the story of B. Wordsworth‚ one of the stories in Miguel Street‚ a 1959 book of Trini characters. "Trinidadians are more recognizably ’characters’ than people in England"‚ said Naipaul in an August ‚1958 piece in the Times Literary Supplement. The "characters" in Miguel Street’s portrait gallery include "Man Man" and "Bolo"‚ both of whom are
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Management Genius: Peter F. Drucker By Md. Faruk Hossain (Faruk) Dear reader‚ there are many kinds of writings‚ many kinds of posts‚ that depict different kinds of tips‚ suggestions‚ etc. But I will try here to post something different‚ because there are really something differences to write. Actually sometimes there exist lots of geniuses in our invisibility‚ but we don’t know well about them though we did hear a little or knew the names of them. Today I will write about one of the best Management
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PHILPS Consumer Electronics division set up a joint taskforce to create a new audio format (i.e. Compact Discs) and thereon in 1984‚ the second wave of PAP’s were born with SONY introducing the “DISCMAN”‚ a portable CD player. Further‚ in the 1990’s with computers becoming truly “personal” and with the wide spread adoption of the internet‚ music and its consumption too became revolutionized. The revolution was primarily on account of the introduction of a sharable digital audio format called MP
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Rural places do not offer the same level of choice and in very isolated areas and one might be forced to commute long distances to find even a remote selection of the diversity found in urban centers. Still‚ despite this lack of choice‚ there are a number of positive sides to rural living in terms of quality of life. For instance‚ living in a rural area allows residents to enjoy the natural world more easily instead of having to go to parks. In addition‚ people do not have to fight with the daily
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Milton Friedman was an American Nobel economist and his major concern was in the fields of economics and statistics. According to the The Economist‚ Friedman "was the most influential economist of the second half of the 20th century." He was also awarded the Nobel Prize in Economics for his achievements in the fields of consumption analysis and his demonstration of the complexity of stabilization policy. According to the "Lesson of the Pencil" video on YouTube‚ Milton Friedman used the pencil to
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numbers. Drucker explains us that the resources we have always been seen as limit to the human’s control over his environment but that now‚ thanks to management‚ it can be seen like a tool. Quote p.4: “resources have always been considered as a limit to man’s activities‚ a restriction on his control over environment – rather than an opportunity and a tool of his control over nature” The author tells us that management is crucial for the economic development of Western countries. Drucker takes the
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Journal: Thomas Friedman – Generation Q This article by Thomas Friedman covers how our generation‚ ‘Generation Q’‚ is the “quiet generation” that holds ideals and hopes that can change the world – if only we weren’t so quiet. Friedman explains that our generation has a various range of idealism but we are not brave enough to come forth and express our points. In his opinion we are not as outraged as we should be. Friedman’s claim is not something new; he is more elaborate by specifying the
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incited much criticism from classical economists‚ especially in the latter half of the 1900’s. Milton Friedman was a leading economist at the forefront of this counter revolution‚ and he became a very influential advocate for free markets around the world. Many of his ideas for market policy‚ however‚ are criticized for being too misleading or overzealous. A lot of economic thinking developed in the 1800’s and 1900’s has been based on the ideas of Homo economicus or the Economic Man‚ whose economic preferences
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Management Guru Peter F. Drucker There are a lot of people who has inspired me. My parents‚ my teachers‚ my friends‚ my colleagues‚ people that I know in my daily life and work‚ and even people that I have never seen‚ they have different merits‚ charms and charismata and are always spurring me to learn from them. Here I want to talk about a great thinker‚ writer‚ teacher and consultant‚ Peter F. Drucker. Even he always calls himself a bystander‚ Mr. Drucker is considered as “the father
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