Management Book Report/Review

Masters
Book Report/Review
Business
Pages 4 (1004 words)
Download 0
The introduction chapter of this paper instigates with detailed explanations and critically reviews the quotes and definitions of the word globalisation. Diverse populaces of dissimilar culture and regional backgrounds have conflicting views on globalization which has profound effects on risk management.

Introduction


The author critically differentiates the two expressions. A historical analysis by Aristotle serves as a convincing and illuminating paradigm of the difference between chance and fortune. The terminologies fortune and chance, luck and misfortune are compared in daily or normal parlance and also in the business milieu. It is imperative that chance and fortune being evaluated in the business and the economic sector. This argument is coherent and explanatory though it is incapable of clearly defining and differentiating these expressions. The argument that fortune and chance can be controlled and comprehended is put forward. This was as suggested by Machiavelli. However, Machiavelli also agrees that half of what happens is unplanned. He categorically argues that, fortunes can be controlled and strategies must be developed to evade and elude chance. People of Latin origin view what is unexpected as fortune while the Anglo Saxon views it as chance. There is a clear differentiation of the applicability of these two terms based on the cultural difference.
Further, the Latin culture emphasize that destiny can be altered and deciphered while in the economic and administrative perspective, chance is indescribable, indeterminate and un-understandable. ...
Download paper
Not exactly what you need?

Related papers

Strategic Management Master Book Report/Review
Belasen and Frank (2007) in their paper "Competing values leadership: quadrant roles and personality traits", sought to establish a system of number and order of leadership roles and tag the associated personality traits which determine leadership roles to them. Thus it's an effort at establishing a system of metrics to define an otherwise indeterminate and disparate amount of values. Their use of…
Management Book Report/Review
The author critically differentiates the two expressions. A historical analysis by Aristotle serves as a convincing and illuminating paradigm of the difference between chance and fortune. The terminologies fortune and chance, luck and misfortune are compared in daily or normal parlance and also in the business milieu. It is imperative that chance and fortune being evaluated in the business and the…
Strategic Management Book Report/Review
"The considertion of his own privte profit is the sole motive which determines the owner of ny cpitl to employ it either in griculture, in mnufctures, or in some prticulr brnch of the wholesle or retil trde." (Smith, 1965)…
Human Resource Management Book Report/Review
ownership is separated from the day-to-day running of the organisation. It assumes that in all but owner- managed organisations the owner or owners (known in agency theory as the "principal") of an organisation must vest authority to an "agent"-corporate management- to act on their behalf. Harrison R and Kessels J. (2004, Pp 25-26). The principal recognises the risk, here and act on the assumption…
Knowledge Management Book Report/Review
The modern day organisation operates essentially in the public sphere. This implies that its level of competitive advantage is connected with its knowledge management process and the competence level demonstrated by this process. In this context, knowledge management may be defined as the process of transmitting information regarding various quarters within the organisation's operational sphere to…
Management Master Book Report/Review
For instance the management skills required by the ancient Egyptians to build the pyramids; by the ancient Chinese to build the Great Wall of China; the management skills of the Mesopotamians to irrigate their land and wall their cities; of the Romans when building their roads, aqueducts and Hadrian's Wall; the understanding of uniform work methods by the ancient Greeks soldiers to act out…
Project Management Book Report/Review
In the book Leading Change, Kotter has used the word urgency to describe the first phase so as to get a head start into the process of project management. This has to do with taking stock of competitive and market realities with a focus on crises and opportunities. (Kotter, 1996; Pp 242 - 340) This has been paralleled in Organizational Behavior and Management through a focus on competitive…