Adam Smith Beyond A Pin Factory Summary

(newsweek) Second, the following quote shows that fast food companies produce consistent and inexpensive food for people. “The strict rules at fast-food restaurants help to create food that always tastes the same. They help workers fill orders quickly.” (McJobs by Eric Schlosser and Charles Wilson)

Travelers who go places to visit family, or any other reason, gets hungry and would like to see a familar fast food restaurant they can go to everytime they travel. As Visser said “When a huge modern business conglomerate offers fast food to travelers on the highway, it knows that its customers are likely to desire No Surprises. They are hungry, tired, and not in a celebratory mood; they are happy to pay—provided that the price looks easily manageable—for the safely predictable, the convenient, the fast and ordinary”(129). The restaurant that is known for travelers to stop at when tired and hungry is McDonalds. You can find a McDonalds about anywhere you go in the world and its always fast service most of the time.

Introduction: Adam Smith is often distinguished as the father of modern capitalism.  Born on 16Th June 1723 in Kirkcaldy, Scotland, Adam Smith considered social logic at the University of Glasgow and at Balliol College, Oxford. Adam Smith is best known for two exemplary works: The Theory of Moral Sentiments (1759), and An Inquiry into the Nature and Causes of the Wealth of Nations (1776). The last mentioned, generally condensed as The Wealth of Nations, is considered his magnum opus and the primary modern work of economics. Smith is referred to as the father of present day financial matters is still among the most persuasive scholars in the field of financial aspects today.

Adam Smith, David Ricardo or Karl Marx are known for many as the pioneers of contemporary economies. Their Work and researches were the bases of most of nowadays economic models used by countries around the world. Adam Smith, David Ricardo and their followers were labeled as the classical economists when later on Karl Marx and his followers were labeled as the Marxists. These two economic schools were some of the biggest in history, but yet differed in many ways. Through this paper, we would discuss the says of the Classical and Marxism schools concerning their views on wages, their different opinions about the theory of value, their sides about capital accumulation and finally the different point of view of the schools regarding the diminishing returns.

By Hayek’s standards, the type of financial economy portrayed in the article, The Hand on the Lever, How Janet Yellen is redefining the Federal Reserve, by Nickolas Lemann, I contend is still capitalism (yet teetering towards an oligarchy). This paper will examine why I believe it does so. Perhaps some may not interpret our current day financial economy as the purest form of capitalism, yet in essence, it is capitalism nonetheless, and Hayek’s standards remain to hold true today. First, it is important to explain the term capitalism, as I see it, which basically is a socio-economic system, which allows for private ownership to profit from goods and services from which they provide.

It makes life much more convenient for busy families. For instance parents that work late shifts or children that have sports practice. (www.quora.com) Cons: Like I’ve said microwaves have made it easier to cook food its also made it cheaper.

This makes it very convenient for consumers. This in return controls consumers into doing what McDonalds wants them to do such as cleaning up after our meal. Replacement of human technology with non-human technology can be found through the computers and the way we order our meals. Finally the consequences of this matter are that we no longer rely on interactions with other people and actually communicating with one another. We simply get our food quick, eat it

American sociologist, George Ritzer, uses the fast-food empire, McDonalds, as a metaphor to express his opinion towards industrialized societies. He invented the term McDonaldization, which is defined as the process by which the principles of fast-food restaurants are coming to dominate sectors of American society, as well as the rest of the world. When a person goes to eat at any McDonald’s, regardless of the location, they expect the same experience which includes: the same interior designs, same uniforms, same quick service, same prices, and same quality food. Because of this, a person is not disappointed or unsatisfied when visiting a McDonald’s location because the service always matches their expectations. Ritzer uses the four main principles

Karl Marx’s ideas still have a strong presence in our modern day economy. He predicted many things that happened to our modern day economy. The flaws of capitalism were part of Marx 's writings. He argued that the drive for profits would lead companies change their workplaces, producing more and more goods while squeezing workers ' wages until they could no longer purchase the products they created. Sure enough, modern historical events can be traced back to stocks and credit swaps.

Vision: Establishing best to serve our customers, delicious food and a unique with fast food restaurant traditional cuisine in Malaysia which is recognized for providing good food with fast and efficient. Mission: Our team will create a strong company that provides a comfortable environment, and efficient services.

“Synthesis Essay: Dignity in the Workplace” Most of us walk into McDonald’s and recognize the familiar aroma of their famous burgers and fries. The average customer finds his or her way to the counter, orders food, pays, and then steps to the side for moment just until their number is called. Although the food is great, many of us, including myself, forget that hardworking people took their time and energy to make our fries. Many of us fail ask the person behind the counter how their day is going. Hell, we don’t even bother to look at the nametag of the person who is taking down our order.

The fourth one is having friendly people take care of each customer. Lastly doing all of these with increasing awareness and respect for the environment, the use of organically grown fresh produce, and meats raised in a humane manner without hormones and antibiotics. The biggest strength Chipotle has is that its product is customizable. They have a kind of assembly line the customer can walk down and choose what

Basing counter service on just this area in Colorado Springs, I would say McDonalds offers better service. Winner: Big Mac Healthy: Neither burger is really healthy and high in calories. The Whopper does have a higher fat content. Both have lettuce, tomato, onion options. The Big Mac is 550 calories and the Whopper is 660 calories.

As CEO of the McDonalds Corporation improving the quality and efficiency of a fast food restaurant would start with providing customers with efficient and flexible service that can easily adapt to social and economic changes. In these days and times customers are more demanding and selective about the services they receive. Therefore, delivering customers with high quality and efficient services are important. Operations can be improved by coming up with a strategic plan to improve inventory system to reduce food service cost through better menu management along with understanding the needs and attitudes of customers. It is also important to stay current with technological and marketing innovations to provide customers with high quality services.