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Ken S. Ewert in "Moral Criticisms of the Market" has done a superb task of defending free market from criticisms of "Christian Socialists." I totally agree with his perspective that Christian’s moral view of the free market has a shortfall. The market has been accused of ethical issues of selfishness/ individualism and materialism. Christians have argued that in free market, human character that was God’s most desired thing in human creature has been eroded, providing a chance for people to indulge excessively on individual concerns (Ewert, K., 1989).

According to Christians, free market promotes selfishness and therefore sin. They argue that selfishness increase with the abundance of commodities one can choose from in the market; forcing individuality, something God never planned for humanity (Ewert, K., 1989). Ewert argues that Christians do not know that the root cause of sin is falleness of man, but not the market. He submits that the market in itself is morally neutral, and the free market creates means for generation of wealth that can be used for charity.

Another accusation against the free market is materialism in terms of economic power which is associated with market resource mobilization. A capable man, since he is able to survive in difficult times, is seen as an oppressor of the poor, going against the biblical teachings (Ewert, K., 1989). According to Ewert (1989), free market gives individuals liberty to choose and set their goals and priorities, but does not dictate. An individual’s self-indulgence is purely their personal choice (Ewert, K., 1989).

I support Ewert’s argument that free market restrains sins without pretending to purge people from their selfishness or materialistic characters. Morality of a person cannot be changed by an economic system but his/her restrain to external expression of sin. This is what free market does.

References

Ken. Ewert (1989). “Moral Criticisms of the Market” -Retrieved from http://www.fee.org/the_freeman/detail/moral-criticisms-of-the-market#axzz2b2UeszQb on 06/08/2013.

Saint Leo University Graduate Business Studies

MBA575

Global Business Management

Case Study Method: How to Analyze the Cases

“Real world” cases place the student in a simulated organizational climate as a manager, leader, or non- manager who must make decisions. A case is:

...a story of organizational issues which actually have been faced by people, together with facts, opinions, and prejudices upon which decisions must be made. A key feature of a case is that the decisions which require action must be made.

With the case method, the process of arriving at an answer is more important than the answer itself. It is anticipated that by working through cases the student will develop an understanding of the process of reaching decisions and be able to convincingly support and communicate these decisions to others. Instead of sitting back and reacting to the comments made by an instructor, a student in analyzing cases is asked to make decisions typically with incomplete information and in a limited time period, which is usually the situation faced by most managers. There are no ideal solutions to any of the cases. Searching for the perfect answer will be futile. Instead, the student should learn to critically and thoroughly think through the issues, problems, facts, and other information presented in the cases. Critical thinking is required to make better decisions. Thorough thinking is needed so that decisions reached can be communicated and intelligently discussed in classroom discussions. Discussions about the cases should clearly illustrate the thinking processes used by a student. The preparation for discussion of the cases can follow a set pattern. One suggested pattern would be to:

1. Read the case rather quickly to get a feel for what is involved. 2. Reread the case and sort out the assumptions, hunches, and facts. Since all cases are rather

incomplete, the student will need to make plausible assumptions about the situation. List them and be able to support the plausibility of the assumptions. These assumptions will enable the student to “fill in the blanks” that exist in the cases. Remember that, in organizations, decisions are generally made with incomplete information and some uncertainty.

3. Identify the major problems and sub-problems which must be considered in the case. 4. List the problems in order of importance or priority. That is, what problems have to be solved

first. 5. Develop a list of alternative courses of action that would minimize or eliminate the problems. If

possible, have at least two fully developed alternatives which are feasible solutions. 6. In developing the alternative courses of action, outline the constraints (e.g., resources,

historical precedent, competition, skill limitations, attitudes) which will limit success. 7. Select the course of action that is best for the problems identified in step 3 above. Show how

the course of action would work and be able to discuss why it would be the most successful alternative to solve the problem(s).

The instructor’s role can vary from observer to active participator depending on the instructor’s preference. Whatever role the instructor uses, the steps outlined above will permit the student to integrate book material, personal experiences, and the case information in reaching decisions. In evaluating a student’s case analysis, instructors can evaluate many different factors. It has been suggested that a good case analysis will:

1. Be complete. 2. Avoid rehashing what is in the case. 3. Make feasible and sound assumptions. 4. Accurately identify the main problems. 5. Create good alternative courses of action. 6. Pinpoint potential constraints which could limit the solution selected. 7. Clearly communicate the decision. 8. Illustrate to others how the decision reached can solve the problem(s) present in the case.

Good case analysis requires time and a systematic plan of attack. The payoff is that the student will be able to communicate the student’s thinking process. Another benefit will be to apply the content discussed in the book chapters to the case. This application and active involvement are why cases can be insightful, challenging, and interesting. For more information about the Case Study Method see, Ellet, W. The Case Study Handbook: How to Read, Discuss, and Write Persuasively About Cases. Harvard Business School Press, Boston, 2007. (ISBN 13: 978-1-4221-0158-2)

Corporate Profiles for Case Studies

When analyzing a case it is important to include a company profile. The profile should describe the

following key items about the company:

 Company name/corporate headquarters location  Company size (number of employees)

 Description of products/services

 Description of manufacturing operations - how and where the products/services are produced

 Description of marketing activities  Where the company advertises and promotes its products/services  The type of marketing the company emphasizes (newspaper, TV, magazine

advertising, etc.)

 Identify where the company's corporate headquarters are located and how many people the company employs.

 History of the company (When was the company founded and by whom?)

 What are the major events in its history and when did they occur (major events pertain to key developments in the company's growth, major acquisitions/mergers, important crises, significant

company changes)

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