21 May WHAT UNDERLYING PRINCIPLES GUIDE THE WAY THAT SYSTEM IS STRUCTURED?
Models of Capitalism and the Interdisciplinary Nature of Management Is capitalism good or evil? Does it improve and strengthen a nation, or does the opposite occur? Instead of speaking about capitalism in general terms, it is more useful in management to consider different models of capitalism and how they relate to economic systems. Such an examination can provide greater insight to the interdisciplinary nature of management and also tests our critical thinking skills in an exercise to consider how our system impacts positive social change.
Review the articles in the Day 1 Reading, and consider the different models of capitalism presented in each. What are the implications of each model for the individual, for management, and for society? Think of the different disciplines utilized in the creation of an economic system and what model of capitalism is used, such as a neo-liberal economic model or a regulatory model. For example, does a country’s model of capitalism affect its health care system? What underlying principles guide the way that system is structured? As you consider the models and your answers to these questions, think about how your knowledge of models of capitalism gives you insight into the interdisciplinary nature of the field of management. Also consider the implications of those models on the practice of management.
Note: Clearly identify the model of capitalism you selected in the subject line of your posting.
Post by Day 3, a few paragraphs explaining one of the four models of capitalism presented in the Day 1 Reading and explain the implications of that model for management. Then explain why someone with a Ph.D. in Management should understand models of capitalism. Conclude your post by explaining what insights you have gained about the interdisciplinary nature of management through your exposure to these models of capitalism presented in the Day 1 Reading.
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