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Employers in capitalist societies also develop control over other aspects of labour organization, such as education and expectations, which aids in maintaining the balance of power in the employee-management relationship. In each economy, whether capitalist or of other organizational structure, the relationship between management and employees affects the manner in which surplus value, or the total profit, of an enterprise is distributed.
All corporations exhibit some form of profit, and the manner in which that profit is distributed or remains undistributed is characteristic of the economic organization. Marx stated that profit is not realized from any surplus product created, but it is instead realized from the surplus of work done by workers inside the workplace that is above and beyond the salary of those workers (Yates 2003, p.175). This means that, according to Marx, the human labour component is the only source of new economic value. The product that is created does not actually generate profit, but merely allows the surplus work that has already been provided to be converted into a useful monetary form. As such, in a capitalist society where wage-labour is the primary source of profit, if an employee were to produce an amount only equivalent to that employee’s wages, the employee would be considered unproductive, even though the work done by the employee was enough to sustain the employee (Marx 1865, Ch.4-1). In order for surplus value to be created, it is the role of the management to ensure that employees of a corporation produce more than their wages. If Marx’s theory is assumed to be correct, it is intuitive that the efficiency of management control and organization of labour directly relate to the production of surplus value in an economy.
A number of factors can complicate the production of surplus value, which is why an individual corporation’s management control
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Theorists specializing in cultural studies, as well as their followers from the halls of the academe, have persisted in presenting arguments and counter-arguments on the pros and cons in the application of the said methods; one is text-centered while the other relies much on the perception and reaction of the audience or audience-centered.
Liberalism is a principle that an administration can introduce justice and impartiality of opportunity. Contemporary liberals desire to protect the civil liberties of the person and the civil liberty to possess private property; however, they suppose that some regime intervention within the financial system is essential to remedy capitalism deficiencies.
However, any profit realized is ploughed back into the organization. Various boards of the non-profit sectors are governed by rules that stipulate how they ought to be run as will be discussed herein.
Appointed boards are common in organizations such as
ed in order to show that the reporter and editor are not slanting the story with the implication that the suspects have been proven to be the culprits. The story cannot assume the guilt of the suspect nor publish any identifying descriptions or data pertaining to the accused.
However, the author has outlined the impact of the Act on the political scene with those who were opposed to the Act i.e. republicans, becoming less expansive and aggressive on the opposition discussion
chnique and a model with which to compute the predictable and projectable quarterly demand in a given time after which use of forecasting technique is employed to create an effective solution.
Linear programming is the suitable optimization technique of choice in this case to
The paper focuses on the Porters Value Chain framework to analyze internal profile of Kraft Foods. It also takes into account the Resource Based View for Kraft to complete internal analysis and identify the strengths and weaknesses of the company.
beneficiaries and Mr. X transfers securities valued at $1 million and a basis of $500,000 to the trustee of the trust, if he subject to capital gains tax on such a transfer?
4. A U.S. settlor creates and funds