Controlling system is a key factor of its sustainable business success. In order to control the huge chain company, a mixture of different control methods is necessary for an effective and efficient management. Hierarchical system makes sure all employees are allocated to be in a specific position of the fast food production chain, with strict company rules and procedures. And down there are various departments, which are in charge of human resource, audit and accounting, etc.
The political message of the Microsoft case When a professor at a university began his new job, he was told that Netscape Navigator was being added to his computer. He immediately asked if Microsoft's Internet Explorer was available.
When the systems administrator protested that the two programs were identical, the professor clued him in on the reasons why many economists dislike Netscape. Netscape dominated-some would even say "monopolized"-the Internet browser market through most of the s. When it became apparent that Microsoft was going to offer it some serious competition, Netscape responded by intensifying its lobbying efforts in Washington, D.
Netscape's strategy underscores a trend that has grown with the increased scope of government in public life, namely, that faced with market competition, firms now have three options: First, they can go out of business.
Second, they can fight back by trying even harder to satisfy customer needs and wants better than their rivals. And third, they can now cajole their elected representatives to intervene in the market process by contributing directly to them or to their pet causes, making it costly or even impossible for meaningful competition to develop in the market at all.
The technical term that economists use for the third option is rent dissipation. It describes what happens when capital is invested in the political class rather than in productive efforts to satisfy customers.
When this happens, the wealth-creation process is hampered considerably. The successful firms are those willing and able to "pay up" for the implied assurance that politicians will not throw obstacles in the way of the firms' attempt to participate in the market.
The costs of rent dissipation are perhaps more evident to economists, and they generally have admired Microsoft for refusing to play this game. Up toMicrosoft had a meager lobbying presence in Washington, relative to its competitors; indeed, the company's enormous success seemed to highlight Washington's irrelevance to the market process.
It was only when Microsoft decided to offer serious competition to Netscape that the latter decided to cash in on some of its political investments in Washington. Soon thereafter, the term "antitrust" began to be bantered around in association with Microsoft. Microsoft was going to pay for not ponying up when it had the chance.
Two weeks following the ruling, the government announced it would be going into arbitration with Microsoft to determine exactly how its case should proceed, if at all.
It was announced that Judge Richard Posner, a libertarian and Chicago School trained legal scholar, was to hear the arbitration, much to the surprise of Microsoft's enemies. Could there be a connection between the two events?
Is it possible that Gates is trying to communicate, through his actions, to the political class that he has finally learned about the need to be compliant, albeit somewhat late in the day?
At least since the development of income tax withholding as an emergency measure during World War II, American business, to varying but astounding degrees, has been forced to do the bidding of the state. To the degree this has been made possible, business has been nationalized. Firms learned that to be successful there were two sets of customers that had to be satisfied: After all, both had the power to make or break their businesses.
Successful firms today still must satisfy the consumer in order to remain in business, but they also must please the political class as well. Failure to do either can spell doom for the naive firm. The reason Microsoft caught the attention of so many free market economists was that its success challenged this regime.
This undoubtedly scared the political class enough to force Microsoft to pay for ignoring it. At first, it looked as if the state had finally picked a fight with an adversary that had the capability to fight back, and millions of taxpayer dollars were paid out in lawyers' hours in this effort.
With its initial victory in Judge Jackson's November ruling, the government is implicitly sending a message to the entrepreneurial class:McDonald’s and the Challenges of a Modern Supply Chain. Last year McDonalds — and other major food Steve New teaches operations and supply-chain management at the University of Oxford.
Mcdonalds Management Modern Bureaucracy PAGE 8 Bureaucracy Theory of Management [Writer Name] [Institute Name] Bureaucracy Theory of Management Introduction Through the s a lot of work on management has been presented to the world.
The work of writers in management can be categorised in four main approaches: classical, human relations, systems and contingency. This post is by Amy J.
Radin, author of The Change Maker’s Playbook: How to Seek, Seed and Scale Innovation In Any feelthefish.com is a recognized Fortune chief marketing and innovation officer with a record of moving ideas to performance in complex businesses, including Citi and American Express. Robin De Morgan is an independent investment banking professional and Chartered Accountant from the United Kingdom, with experience of property and infrastructure .
I felt like a burden.
Then I discovered John Stuart Mill and Milton Friedman and they said “People deserve to determine the course of their own lives” and “you own yourself” and stuff like that and I started entertaining the idea that I deserved to live, by virtue of being human. Download-Theses Mercredi 10 juin