Capitalism Essay Example | Topics and Well Written Essays - 250 words

Capitalism - Essay Example Karl Max was a revolutionist during the industrial revolution. He was a socialist that had very peculiar views about capitalism. According to Karl Max capitalism is based on his version of the labour theory of value, and includes the analysis of capitalist profit as the extraction of surplus value from the exploited proletariat (Standord, 2003). Capitalism has evolved a lot over time. The 20th century marked a new era in which the stock market served as a critical mechanism that was used by capitalist to raise money. The two most utilized instruments that Wall Street popularized to raise money was the sale of common stocks and the issuance of corporate bonds. Technological advances enabled capitalist to produce more at lower costs. During the 1980’s a key innovation that sparked a new economic era was the computer. The computers facilitated the work of many professionals both in the manufacturing and service industries. As manufacturing matured in the United States the computer helped the United States transform its economy into a knowledge based service economy. McKinney, B. (2008). Capitalism During the Industrial Revolution. Retrieved November 13, 2011 from

M I B Essay Example | Topics and Well Written Essays - 500 words - 1

M I B - Essay Example arget markets, and political forces that would affect the organization’s decision to venture abroad; and (3) as long as there are potentials and opportunities in the local market, Wal-Mart wanted to tap these to build enough internal resources and financial capabilities to prepare for international expansion. During the early stages of its international expansion in the 1990s, Wal-Mart predominantly selected countries closest to its geographical location and where the profile of the target market share parallel behavior with those exhibited in the local markets. The first market it expanded to was Mexico, which was located just beyond their border. The rest of the countries were also close geographically, like Puerto Rico and Canada. Expansion to other countries such as Hong Kong, could have considered the nature of expanding markets and the vast opportunities that the target markets from this location could contribute to Wal-Mart’s international growth. The organization could have also considered the incentives provided by the international governments, including tax incentives or subsidies for setting up greenfield investments in these areas. Wal-Mart chooses between acquisitions, greenfield investments and joint ventures on the following grounds: (1) after considering costs of market entry; (2) cultural underpinnings; (3) government incentives and legal laws; (4) human resources expertise and capabilities; (5) familiarity with the environment; and (6) consumer profiles. Under greenfield investments, for example, Wal-Mart decides based on lack of potential targets to be acquired and there are local resources deemed experts to operate the organization. Joint venture, are most appropriate in cases where there has been an identified organization with competencies in the area and both partners could contribute their respective core competencies to result in longer term mutual gains. As indicated by the case facts, â€Å"a joint venture agreement rather than full