>> Managerial Economics
Write a paper of no more than 2,000 words that develops a framework and method and then applies it to managerial decisions. The paper should use the Harvard style. This means that there will not be footnotes, and that citations/references are "worked into" the regular text. Please see a copy of the Harvard Business Review in the Regent Library databases for examples. Your paper must be supported with significant research from assigned readings and the Regent Library databases.
Develop your own framework and process/method for evaluating economic issues and problems based on the Bible. Describe your approach in enough detail that the reader can apply it to real world problems.
Apply your framework and method to at least two quite different managerial decisions in order to demonstrate its broad usefulness and applicability to decisions a manager faces. Provide enough information (briefly and concisely) in each of your hypothetical examples to allow the reader to see how your biblical approach grappled with a difficult fact pattern and led to a biblically-based decision. NOTE: the applications should be issues that a manager is likely to face, such as employee relations (hiring, correcting, firing, etc.), contracts with other businesses, marketing decisions, etc. Do not apply it to controversial public issues, such as government policies.
You will do that in the Major Project.
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Biblical approach for solving contemporary managerial problems is a novel approach. Even though Biblical ideology is postulated several centuries before, still the ideology is perfectly fit to answer the current day managerial dilemmas. As a matter fact there is no scope for consideration to moralities in the world of economics. However still there is strong connection between the Christian thought and economics. A critical insight into the biblical world indicates that there is strong connection to the biblical concept and the economic issues. The current questions of economic importance are discussed in biblical perspective in those days. There are several economic questions related to price and poverty questioned by Summa Theologica. In Protestant Reformation there are several sections devoted to the government and economics. There are several proverbs and parables of Jesus deal with the economic matters. There is clear emphasis to the mankind that the goal of survival is towards wealth as well it also indicates the way how finances and financial issues are needed to be handled. Apart from direct referencing and emphasis on the economic issues.
A very important insight that bible provides to reader is the belief that human being is created in the image of God. Since we are the images of God, we have immense potential to control the systems including the economic system. Also the bible indicated that the human beings are susceptible to the sin and are also easily manipulative towards greed as well as exploitation. And hence the bible provides a motivation and need identification for an economic system to be protective of human beings from human sinfulness. All this practical vision and positive belief of capabilities should provide both the moral support and practical insight to the believers of Bible the power to construct economic theories as well as capabilities to analyse the economic systems.
A Christian BELIEF system do have unique trait of moulding the human nature towards both the spiritual redemption as well as inducing all the needed economic outlook towards the practical situations. Unlike most of the traditional systems like Marxism, Christian belief works on to change the human beings both from inside and from outside. Spiritual redemption part of the Christian vision works on to take the human sinfulness seriously and considers methodologies like spiritual redemption as possible ways of rectification. Even though most of the biblical versions are concerned with the explanation of more basic traits like human nature and human sinfulness, it can be used as a frame work to begin construction of bigger entities like government and economies which do have potential to liberate the capabilities of the human beings to much bigger and bigger scales as well it can work on to mitigate the limits of the human sinfulness.