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Kristiyan Hadjiev
Downsizing Strategy of Volkswagen Group
Summary:
During the time of dynamic change and complete transformation of the social environment and the objects to be managed, a crisis in governance appears inevitably. It is associated with the lack of organizational experience to work in this new conditions, ignorance of the dynamic processes that affect the decision making etc.
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Ludwig Von Mises
Human Action, Part Four, Chapter XXI.Work and Wages && 1-6
Summary:
The psychological problems raised by introversive labor are catallactically irrelevant. Seen from the point of view of economics introversive labor is to be qualified as consumption. Its performance as a rule requires not only the personal efforts of the individuals concerned, but also the expenditure of material factors of production and the produce of other peoples' extroversive, not immediately gratifying labor that must be bought by the payment of wages. The practice of religion requires places of worship and their equipment, sport requires diverse utensils and apparatus, trainers and coaches. All these things belong in the orbit of consumption.
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Ludwig Von Mises
Human Action, Part Four, Chapter XXI.Work and Wages && 7-9
Summary:
The self-sufficient man who works in economic isolation for the direct satisfaction of his own needs only, stops working at the point at which he begins to value leisure, the absence of labor's disutility, more highly than the increment in satisfaction expected from working more. Having satisfied his most urgent needs, he considers the satisfaction of the still unsatisfied needs less desirable than the satisfaction of his striving after leisure.
