Toyota Production System

entrepreneurial emphasises that the profits are chased through creating a new good and presenting it to the market (Whetten, 1989). Other scholars define the entrepreneurial opportunity as situation that provokes the discovery of new goods, services, production technologies and organizing methods that are able to obtain some economic value in the future (Shane and Venkataraman, 2000). The entrepreneurial process takes place when an entrepreneur finds an inefficiency or misallocation of resources…

ourselves. We start making money and our private property, is ours. To reiterate how important and just what capitalism is, Monica smith tells us, “Capitalism is an economic system in which capital, or wealth, is put to use in order to create more capital. The system is characterized by private ownership of land and the means of production and distribution, which are used to make a profit with little or no government control.” (Monica Smith) Capitalism is such an important thing in our society…

disciplinary power. Through these disciplinary constructs, power becomes the production of individuals. The power of discipline will then be explained through hierarchical gaze, normalizing judgement, and Panopticism. Using these concepts, I will argue that Karl Marx’s concept of class revolution and how his economic fueled revolution is far…

effects utilizing techniques like multiple exposure. The editor is one of the greatest combinations of art and skill. The editor delivers the message of the director and screenwriter. With the increasing use of special effects, the amount of post-production only grows. Film editors are responsible for every major motion picture ever consumed.…

the General Law of Capitalist Accumulation. The basic notion of the principle of commodification is the capitalism converts all use values to exchange values. "As a historical phenomenon, commodification is the tendency of the capitalist mode of production to extend market relation to a wider and wider range of social phenomena, thus making it possible to convert capital (i.e., money) to other types of value." (p. 15). In relation to the theory of the state, the…

determine how your operations are running. We used to keep track of production data on paper, it was inefficient at best and lacked the timeliness to react in order to prevent problems from occurring. We needed something newer and more accurate in order for our business to survive. My previous company, a small manufacturing operation, was stuck in the past. It had been “operating” with an antiquated DOS based order and inventory system for over 20 years. A typical day consisted of consulting a…

The same is true for those who reject the idea and argue that education is not the only factor that affect production and economic growth. Certainly one can argue for wither side of the debate. However, Schultz’s argument is supported by empirical studies that show there is a direct correlation between education, wages, and the quality of input and output in production, thus economic growth. For this reason, individual who choose not to invest in higher education or lack formal training…

persons, and that would negate the class system of the agrarian and feudal society as well as the political centralization occurring in European state building. Later, Marx, and many of his followers, argued alternatively that rights and representation were insufficient to achieve the task of political emancipation. Instead they sought to neutralise class altogether by dissolving property rights and restructuring the social relationship to the means of production. The orthodox Marxist tradition…

Nigeria is known as one of the fastest growing countries and most populous nation in Africa. It’s located in western Africa on the edge of Gulf of Guinea. Another thing that is growing in Nigeria is their film industry, Nollywood. Nollywood is known as the second largest film industry in the world, right behind the India film industry Bollywood and surpassing Hollywood. The Nigeria film industry dates back to 1960s when Nigeria gain their independence. However, it was in the 1990s when Nollywood…

Where we can have production in the economy privately owned by companies, goods and services are produced in a free competitive market, and that privately owned companies can buy and sell their property without government interference or it being highly regulated. This is one…