Varieties of Capitalism Essay - 2378 Words

Introduction Due to the rapid process of globalization, the issue of whether socio-economic institutions and policies are converging or diverging across different nations has become controversial. Various literatures on comparative institutional studies has been developed, in which the Varieties of Capitalism approach by Hall and Soskice (2001) is one of the most significant concepts that is being widely discussed. According to Hall and Thelen (2005), the ‘varieties of capitalism’ is a firm-centered approach where firm is placed as a key actor and is being considered relational. It emphasizes the concept of institutional complementarities, which ‘†¦one set of institutions is complementary to another when its presence raises the returns†¦show more content†¦Institutional Complementarities The concept of institutional complementarities revolves around the notion of the idea that ‘the co-existence (within a given system) of two or more institutions mutually enhances the performance contribution of each individual institution’ (Deeg, 2007. P.611). Hopner (2005) argued that the idea of complementary implies that different spheres of institutions could only be combined in a number of ways in order to be effective, which enhanced the theory of the existence of various types of capitalisms. Hall and Soskice (2001) identified these differences in the varieties of capitalism literature and then classified economies into liberal market economies and coordinated market economies, each with its unique institutional complementarities. The United Kingdom representing LME Under the VoC framework, economies of various nations are mainly being classified into either liberal market economies or coordinated market economies. According to Deeg and Jackson (2008), market competitions and hierarchies are the main ways for firms to coordinate activities with other spheres in liberal market economies. The supply and demand for products is determined by price movements in the markets to obtain equilibrium, where market exchanges are conducted in an arm’s length with formal contracting. With stock market financing being the major way to obtain funds, the financial systems of LMEs operate mainly based on information that areShow MoreRelatedAn Introduction to Varieties of Capitalism (Peter Hall)6190 Words   |  25 PagesAbstract: This chapter outlines the theoretical perspective behind a ‘varieties of capitalism approach to comparative political economy, emphasizing the central role of the firm as the agent of economic adjustment and the impact of the relationships it forms in the spheres of corporate governance, labor relations, skill formation, inter-corporate relations, and employerÂâ€"employee relations. It develops the distinction between liberal market economies, where firm endeavours are coordinated primarilyRead MoreThe Varieties Of Capitalism : The Institutional Foundations Of Comparative Advantage1633 Words   |  7 PagesThe varieties of capitalism approach, developed by Hall and Soskice in their influential work, ‘Varieties of Capitalism: The Institutional Foundations of Comparative Advantage’ emphasizes the notion that the manner in which firms sort out the coordination problems that they encounter, differs across political economies. They identify five broad realms in which firms must build relationships in order to solve the coordination issues which are vital to their core competencies. These five spheres includeRead MoreComparative Critique Of Comparative Capitalism1214 Words   |  5 PagesCOMPA RATIVE CAPITALISM Case Study #4: Comparative Capitalism Florence F. 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This failed due to the adoption of macro-economic neo-liberal policies. Organised labour protected labour market policies which lead to policy inconsistencies withRead MoreMarxism : A Structural Conflict Theory1718 Words   |  7 Pagesbourgeoisie oppression under capitalism to a socialist and ultimately classless society. There are varying types of economic exchange that all vary dependant on the type of society and economic system the country is in. Namely these are barter, which is the exchange of gods and commodities; merchandise, bartering through the intermediary of money, and capitalism, that uses commodities in order to increase money. For Marx, the latter type of economic exchange (capitalism) is one that is based uponRead MoreWomen s Rights Vs. Capitalism1432 Words   |  6 Pagesin a variety of ways. One of the most influential economic systems that had developed between the 1700’s and the 1900s is capitalism. 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The government runs certain businesses,Read MoreFeminism Is An Interdisciplinary Idea881 Words   |  4 Pagestransforms it into a major field of study. George Ritzer, in Contemporary Sociological Theory and Its Classical Roots, breaks feminist theory down into four major varieties, gender differences, gender inequality, gender oppression, and structural oppression. He then explains the different forms of feminism seen in each variety. The first variety, gender difference, describes, explains, and traces the implications of how men and women are or are not the same in behavior and experience. â€Å"Women’s locationRead MoreEssay about Comparative Economic Systems1244 Words   |  5 PagesComparative Economic Systems Capitalism is the economic system found in the United States, Japan, and Germany that are based on private ownership of productive property. Items are known as productive since their use can produce other objects of economic value, income, or money. Things such as a worker’s tools, a farmer’s fields, or a factory’s machine can be considered as productive property. The basic four factors of production that are important for any nation’s economy is landRead MoreNegative Impact Of Globalization And Capitalism1278 Words   |  6 PagesGlobalization and capitalism are two systems that greatly influence our world on a political and economical scale. Globalization processes businesses and corporations internationally while capitalism handles the money, ownership, and trades that globalization operates. However, capitalism is often seen as a negative political system and thus I will argue that capitalism negatively affects globalization. But to understand why capitalism has a negative effect on capitalism, it is important to understand

Week Chapter Questions Free Essays

Team Oriented: You will become part Of a special, elaborate team when you become part of supply management. The team will consist of engineers, operations, and quality people and suppliers to help the firm obtain necessary supplies, materials, and services as the vignette alluded. Competitive Salary: Starting salaries in supply management arena is lucrative. We will write a custom essay sample on Week Chapter Questions or any similar topic only for you Order Now Although education and experience drives your starting salary, possessing minimum education (Associates Degree) and limited to none experience will still prove to be beneficial in regards to your salary. . Describe seven ways in which supply management has an impact on a firm’s sales. Listed below are seven ways in which supply management has an impact on firm’s sales: Faster to Market: Bottom line – The faster you can introduce a new product or service to the market, the larger market share you will encompass. Improved Quality: Leasing the total number of defects that a manufacture produces, the more they can command premium prices. Furthermore, having a reduced of defects can satisfy your customers and alleviate them from amount going to competitors. Price Flexibility: Having a strategic outlook can significantly reduce the total cost. Example: Is it more beneficial to lease a vehicle than to buy one? Would surmise that leasing would; lease vs.. Purchase analysis is the key. Innovation: Collaboratively communicate with your supply base; holds a lucrative percentage of all new successful products. Enhanced Customer Satisfaction: Customer service drives sells – up and down – depending on the service rendered. Customer Fulfillment Flexibility: Strategically planning allows more lead-time and flexibility if changes may occur. Shorter Cycle and Lead Time: Improved supplier camaraderie and participation in supplier product and process improvements is advantageous. 13. Why does support for strategic supply chain management have to come from the top management of an organization? Strategic supply chain management has to come from the top due to their position. If they are not cascading appropriately, then their subordinates will not buy in to what they are trying to achieve. Chapter 2 1 . Why is supply management’s position in the corporation’s organizational structure important? Organizational structure significantly influences the department’s capability to function optimally and persuade the decision- making process involved in effective procurement. The higher supply management is on the organizational chart, the more he/she can influence corporate strategy considerably. 4. Why are many organizations using a hybrid approach to decision-making authority in their supply management? Organizations are using hybrid approaches in decision-making authority in their supply management, to cut down on cost. In the early 1 sass, the introduction of computers made it considerably more accessible, in regards to procuring goods and services. Electronic billing and payment of invoices, enhanced cash flow while minimizing the total cost of doing business. 7. Identify some ways in which cross-functional teams could be useful in developing new products or completing value analysis functions. Cross- functional teams could be useful in developing or completing value analysis functions in regards to the development or addendum to a statement of work. Take for instance, an upcoming complex food service contract. You may not be a food service subject matter expert – no worries. Surround yourself with subject matter experts, to create the statement of work. Personnel that should be involved are the contract officer, contract officer representative, technical expert(s), lawyer(s), and any other representative that will facilitate with the statement of work. Chapter 3 3. How can engineering product specifications affect the price of the product? Material specified by engineering must be cost effective, to have an idea return on investment in regards to the price of the product. Preferably, you would like to have your material accessible by multiple suppliers for a more resourceful, low-cost manufacturer. Although, you want to get the best deal (bang for the buck), ultimately, you want to ensure your product is justifiable for your customers. 4. How can a product that costs more save the company money overall? Products that cost more can inevitably save the company none overall by purchasing a more reliable, durable and/or cost efficient product. How to cite Week Chapter Questions, Papers

Understanding Concept To Doping In Athletes-Myassignmenthelp.Com

Question: Discuss About The Understanding Concept Related To Doping In Athletes? Answer: Introducation Assets: My key assets is understanding the concept related to doping in athletes. The study have made an in-depth review and analysis pertaining to the topic by reviewing various pertinent literatures. Hence, my assets consists of in-depth understanding, review and Business analysis. Opportunities: There are several areas which needs improvement in my last written narrative regarding doping and various legislations prohibiting it(Striegel, 2002). I need to work on my grammar skills. Due to pressure and stress of writing a well-analysed essay I have mistakenly made several grammatical errors. Hence, I need to review my paper several times prior to submitting the paper on the portal. Secondly, my professor has commented that I need to improve my referencing. I am gradually learning ways and means to improvise my referencing techniques and methods. I have already resorted to various self-help books, journals and websites for learning referencing techniques. This provides me immense opportunities to learn from. Thirdly, my professor also commented that I could include the various legislations pertaining to my essay(Anderson, 2013). I will evaluate various sources and incorporate them into the scope of this essay for further analysis and to provide more in-depth review regarding the topic. Lesson and Homework Plan: I feel all three learning areas identified from opportunities can easily be improved. I can easily overcome difficulties in my writing through practice and by referring to various pertinent sources. I will take help from Financial professor and guidance from him to overcome challenges. Progress Made/Future Plans: I plan to make several improvements in my future plans. My instructor pointed out that I have various grammatical errors in my essay. I felt that my grammar was good but after he pointed out, I have read the essay and identified several problems in it. I can easily overcome this mistake of mine through constant practice and correction efforts. Reference Lists Anderson, J. (2013). Doping, sport and the law: time for repeal of prohibition?. International Journal of Law in Context, Management 135-159. Striegel, H. V. (2002). Comnbating drug use in competitive sports. . Journal of sports medicine and physical fitness, 354.

The Painting of the Sistine Chapel Essay Example For Students

The Painting of the Sistine Chapel Essay The basic mindset that Michelangelo had while painting the ceiling was extravagance and perfection. The ceiling had originally been painted with a blue sky and gold stars. That was Michelangelo starting canvas. Michelangelo realized that he needed help with this project. No one could paint that big of an area by themselves (or so he thought). Once he rounded up a dozen or so up and coming artists he had to deal with the problem of finding a way to get 60 feet in the air. He hired a skilled architect to build a special scaffolding. The architects idea for the scaffolding was to hang it from the ceiling by four big heavy ropes. Michelangelo discarded this idea because it would put four large holes in his final work. He then drew the plans tort the scaffolding himself. He had a set of zigzag stairs that led to the scaffolding which was supported from the sides of the chapel, This allowed him more room to work, and didnt interfere with the ceiling. The next step was to find a medium of paint to use on the chapel ceiling, He started painting the chapel by laying down a base of plaster then painting over it. We will write a custom essay on The Painting of the Sistine Chapel specifically for you for only $16.38 $13.9/page Order now Soon, he realized that the moisture in the walls caused mold to grow which then softened the plaster causing it to crumble. This was a disappointing setback for Michelangelo, but his most trusted assistant, Jackpot L Indian, developed a new plaster that would not retain moisture. This allowed the painting to continue. Soon after Michelangelo was back on track he realized that he could not trust any assistants to do the painting besides Alnico. He locked the rest of his assistants out of the chapel and continued his painting at a much slower pace. This angered the Pope who was already becoming very impatient with Michelangelo. The two of them fought day and night about the painting. This fighting resulted in Michelangelo aging an unannounced leave of absence. The Pope then spent many resources to hunt down Michelangelo and force him to finish the ceiling. After many months of searching, Michelangelo returned on his own will to finish what he started. As the days went by Michelangelo made great progress, but also realized that his vision was slowly deteriorating, Before he could finish the ceiling he was hospitalized. One day the Pope came to visit him and ask it he was going to finish the ceiling. When Michelangelo said no, the pope cleverly said, then I will have Retreat finish the ceiling tort you, after all he has mastered your technique As soon as Michelangelo heard these words he jumped out of bed, and quickly finished the ceiling, and for once, he pleased the Pope. As soon as Michelangelo heard that the popes idea for the ceiling was to just have the twelve Disciples on the ceiling, he knew he was going to have to use his imagination and come up faith a amazing design worthy of the beautiful chapel Michelangelo was a devout Christian and he had a great knowledge of the stories of the Bible. With this knowledge he selected some Of the most interesting stories from the Bible and decided to interpret them into paintings. Here was his layout Of the Sistine Chapel ceiling. Although the ceiling seems very random, almost as if it were a collage, Michelangelo had a method to his madness and the painting came together very well. The most famous scene from the ceiling is God giving life to Adam. I dont have a favorite section. To me they are all works of art in their own. Michelangelo seemed very intrigued by the story of Noah. .uad7c624d610a13a50ec61930782cafad , .uad7c624d610a13a50ec61930782cafad .postImageUrl , .uad7c624d610a13a50ec61930782cafad .centered-text-area { min-height: 80px; position: relative; } .uad7c624d610a13a50ec61930782cafad , .uad7c624d610a13a50ec61930782cafad:hover , .uad7c624d610a13a50ec61930782cafad:visited , .uad7c624d610a13a50ec61930782cafad:active { border:0!important; } .uad7c624d610a13a50ec61930782cafad .clearfix:after { content: ""; display: table; clear: both; } .uad7c624d610a13a50ec61930782cafad { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uad7c624d610a13a50ec61930782cafad:active , .uad7c624d610a13a50ec61930782cafad:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uad7c624d610a13a50ec61930782cafad .centered-text-area { width: 100%; position: relative ; } .uad7c624d610a13a50ec61930782cafad .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uad7c624d610a13a50ec61930782cafad .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uad7c624d610a13a50ec61930782cafad .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uad7c624d610a13a50ec61930782cafad:hover .ctaButton { background-color: #34495E!important; } .uad7c624d610a13a50ec61930782cafad .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uad7c624d610a13a50ec61930782cafad .uad7c624d610a13a50ec61930782cafad-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uad7c624d610a13a50ec61930782cafad:after { content: ""; display: block; clear: both; } READ: A Portrait Of A Young Man EssayHe dedicated three whole panels of the ceiling to Noshs adventure during the flood. The Drunkenness of Noah, The Flood, and The Sacrifice of Noah. The border tooth ceiling consists of the Evolve Disciples. This is ironic because although they were planned to be the main touch tot the ceiling they ended up at the edges, and not in the glory of the center. Overall the ceiling was divided into 33 sections. The number three was very symbolic tort Michelangelo, and no one knows for sure why. Here are some examples. 3 panels on the ceiling, 333 figures on the ceiling (so says Michelangelo) and lastly Michelangelo also said that he worked for 13:33 minutes on the ceiling every day. The 33 panels consisted of the 12 apostles, and 21 biblical stories. The ceiling avgas under much scrutiny because it showed God in human form. The priests disapproved of this, but, for once, the Pope came to Michelangelo defense and asked the priests to respect the amazing ivory of art. Today the ceiling is not on public display in the city of the Vatican because of its delicacy. It has undergone many reconstruction phases, and, like many Other ancient wonders, is deteriorating. The ceiling is heavily protected and only a selected few people are allowed into the chapel. Before they enter they are screened for many harmful materials such as, hairspray, certain clothing materials, and even DUST! All of these precautions are to help protect the raucous work of art, and allow generation upon generation to gape at its beauty. With the renaissance came many great works of art and many great artists. Michelangelo was one of the few of these revolutionary artists that could compare to the mind of Leonardo Dad Vinci. He was also the painter of the only piece of art that can think of that even comes close to rivaling the Mona Lisa. That would of course be the ceiling of the Sistine chapel. With tour years tot work and countless hours of painting, turmoil, and failure, the ceiling was completed, and will remain one of the most respected, and admired paintings of all time.