Classics of Organizational Reality for Globally Successful Companies

• Autorzy: Erach D. Munshi
• Języki publikacji: EN

Abstrakty

EN

Business management textbooks and magazines are a good source for research on evolution, and revolution of management theories since the era of Adam Smith, 1770s. A Scottish visionary who saw unnecessary intervention of the government in how businesses were managed, and levied unnecessary restrictions that affected the profitability of small, export/import businesses. He developed the concept of "Laissez Faire" that the Government should stay out of business affairs in order to promote free market system, known as capitalistic system. In short, in the capitalistic system, any individual could enter the market to sell goods and services. But only the fittest would survive and incompetent ones will be driven out of the market. And this concept has made American entrepreneurs successful and very wealthy. (fragment of text)

Słowa kluczowe

EN

Classical economists; Business ethics; Global capitalism

PL

Klasycy ekonomii; Etyka biznesu; Kapitalizm globalny

• Czasopismo: Scientific Publications / University of Economics in Katowice
• Rocznik: 2014
• Tom: Global Business Towards New Paradigm in Time of Crisis
• Strony: 310--315

Twórcy

autor

Erach D. Munshi

• St. John's University, United States