Adam smith is a political economist and pioneer of moral philosopher. this presentation is about brief information on management work of ADAM and achievements of his career.
the whole presentation describes topic such as -
life of adam smith
his education
and his books (theory of moral sentiment, the wealth of nation, the invisible hand)
the whole presentation describes topic such as -
life of adam smith
his education
and his books (theory of moral sentiment, the wealth of nation, the invisible hand)
History of Economic Thought - Thomas Malthus.
Thomas Robert Malthus and The Population Trap
A powerpoint for Chapter 6 of Evolution of Economic Thought by Stanley Brue and Randey Grant
Group presentation on The Wealth of Nations by Adam Smith.pptxSumaiaRuhane
An Inquiry into the Nature and Causes of the Wealth of Nations, generally referred to by its shortened title The Wealth of Nations, is the magnum opus of the Scottish economist and moral philosopher Adam Smith
History of Economic Thought - Thomas Malthus.
Thomas Robert Malthus and The Population Trap
A powerpoint for Chapter 6 of Evolution of Economic Thought by Stanley Brue and Randey Grant
Group presentation on The Wealth of Nations by Adam Smith.pptxSumaiaRuhane
An Inquiry into the Nature and Causes of the Wealth of Nations, generally referred to by its shortened title The Wealth of Nations, is the magnum opus of the Scottish economist and moral philosopher Adam Smith
Spanning three centuries of history, from the dawn of the industrial age to modern times, three diverse
thinkers developed their own landmark theories on commerce, labor, and the global economy.
Register to explore the whole course here: https://school.bighistoryproject.com/bhplive?WT.mc_id=Slideshare12202017
Attempt to put economics on a more mathematical footing
Marshall's graphical representation is the famous supply and demand graph
At the margin, the satisfaction of more goods and services decreases.
An example of the theory of diminishing returns is that for every orange one eats, the less pleasure one gets from the last orange (until one stops eating).
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This person is none other than Oprah Winfrey, a highly influential figure whose impact extends beyond television. This article will delve into the remarkable life and lasting legacy of Oprah. Her story serves as a reminder of the importance of perseverance, compassion, and firm determination.
The case study discusses the potential of drone delivery and the challenges that need to be addressed before it becomes widespread.
Key takeaways:
Drone delivery is in its early stages: Amazon's trial in the UK demonstrates the potential for faster deliveries, but it's still limited by regulations and technology.
Regulations are a major hurdle: Safety concerns around drone collisions with airplanes and people have led to restrictions on flight height and location.
Other challenges exist: Who will use drone delivery the most? Is it cost-effective compared to traditional delivery trucks?
Discussion questions:
Managerial challenges: Integrating drones requires planning for new infrastructure, training staff, and navigating regulations. There are also marketing and recruitment considerations specific to this technology.
External forces vary by country: Regulations, consumer acceptance, and infrastructure all differ between countries.
Demographics matter: Younger generations might be more receptive to drone delivery, while older populations might have concerns.
Stakeholders for Amazon: Customers, regulators, aviation authorities, and competitors are all stakeholders. Regulators likely hold the greatest influence as they determine the feasibility of drone delivery.
Artificial intelligence (AI) offers new opportunities to radically reinvent the way we do business. This study explores how CEOs and top decision makers around the world are responding to the transformative potential of AI.
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Senior Project and Engineering Leader Jim Smith.pdfJim Smith
I am a Project and Engineering Leader with extensive experience as a Business Operations Leader, Technical Project Manager, Engineering Manager and Operations Experience for Domestic and International companies such as Electrolux, Carrier, and Deutz. I have developed new products using Stage Gate development/MS Project/JIRA, for the pro-duction of Medical Equipment, Large Commercial Refrigeration Systems, Appliances, HVAC, and Diesel engines.
My experience includes:
Managed customized engineered refrigeration system projects with high voltage power panels from quote to ship, coordinating actions between electrical engineering, mechanical design and application engineering, purchasing, production, test, quality assurance and field installation. Managed projects $25k to $1M per project; 4-8 per month. (Hussmann refrigeration)
Successfully developed the $15-20M yearly corporate capital strategy for manufacturing, with the Executive Team and key stakeholders. Created project scope and specifications, business case, ROI, managed project plans with key personnel for nine consumer product manufacturing and distribution sites; to support the company’s strategic sales plan.
Over 15 years of experience managing and developing cost improvement projects with key Stakeholders, site Manufacturing Engineers, Mechanical Engineers, Maintenance, and facility support personnel to optimize pro-duction operations, safety, EHS, and new product development. (BioLab, Deutz, Caire)
Experience working as a Technical Manager developing new products with chemical engineers and packaging engineers to enhance and reduce the cost of retail products. I have led the activities of multiple engineering groups with diverse backgrounds.
Great experience managing the product development of products which utilize complex electrical controls, high voltage power panels, product testing, and commissioning.
Created project scope, business case, ROI for multiple capital projects to support electrotechnical assembly and CPG goods. Identified project cost, risk, success criteria, and performed equipment qualifications. (Carrier, Electrolux, Biolab, Price, Hussmann)
Created detailed projects plans using MS Project, Gant charts in excel, and updated new product development in Jira for stakeholders and project team members including critical path.
Great knowledge of ISO9001, NFPA, OSHA regulations.
User level knowledge of MRP/SAP, MS Project, Powerpoint, Visio, Mastercontrol, JIRA, Power BI and Tableau.
I appreciate your consideration, and look forward to discussing this role with you, and how I can lead your company’s growth and profitability. I can be contacted via LinkedIn via phone or E Mail.
Jim Smith
678-993-7195
jimsmith30024@gmail.com
2. Born
5 June 1723 OS
KIRKCADY, FIFE, Scotland
Died
17 July 1790 (aged 67)
EDINBURGH, Scotland
Nationality Scottish
Notable work(s) The Wealth of Nations
Region Western philosophy
School Classical economics
Main interests
POLITICAL
PHILOSOPHY, ETHICS,
ECONOMICS
Notable ideas
Classical economics
modern free market,
division of labour,
the "invisible hand"
3. • Smith entered the University of Glasgow when he was
fourteen and studied moral philosophy under Francis
Hutcheson.
• Here, Smith developed his passion for liberty, reason,
and free speech.
• In 1740 Smith was the graduate scholar presented to
undertake postgraduate studies at Balliol
College, Oxford, under the Snell Exhibition.
Formal education
Teaching career
• Smith began delivering public lectures in 1748
in University of Edinburgh, sponsored by the
Philosophical Society of Edinburgh under the
patronage of Lord Kames.
• His lecture topics included rhetoric and belles-
lettres, and later the subject of "the progress of
opulence".
• On this latter topic he first expounded his economic
philosophy of "the obvious and simple system
of natural liberty".
4. • In 1751, Smith earned a professorship at Glasgow University
teaching logic courses, and in 1752 Smith was elected a member of the
Philosophical Society of Edinburgh, having been introduced to the
society by Lord Kames.
Conti….
• Following the publication of The Theory of Moral Sentiments, Smith became
so popular that many wealthy students left their schools in other countries to
enroll at Glasgow to learn under Smith.
• After the publication of The Theory of Moral Sentiments, Smith began to
give more attention to jurisprudence and economics in his lectures and less
to his theories of morals.
• For example, Smith lectured that the cause of increase in national wealth is
labor, rather than the nation's quantity of gold or silver
In 1762, the University of Glasgow conferred on Smith the title of Doctor of Laws (LL.D.).
5. • He was member in the first political economy club
• In 1759 he published his 1st book “The Theory of
Moral Sentiments”
• In 1776 he published his 2nd book “An Inquiry into the Nature
and Causes of the Wealth of Nations”
6. Adam Smith’s major ideas:
Division of Labor rises the productivity because:
• Each worker gains more dexterity by repeating the same
moves again and again
• There is not any lost time in the transition from one move to
another
• The breaking down of labor in basic moves helps in the
invention of time saving tools
7. Adam Smith’s major ideas
There are two kinds of values:
• value of use
• value of exchange
8. Adam Smith’s major ideas
Society is divided into three classes
• Capitalists
• Landlords
• Workers
9. Adam Smith’s Major Ideas
Income is divided into three categories.
• Profits
• Annuity Land Charge
• Wages
10. Divison of labour:
• The division of labour is the specialisation of co-operating
individuals who perform specific tasks and roles.
• Also, having workers perform single or limited tasks
eliminated the long training period required to train craftsmen,
who were replaced with lesser paid but more productive
unskilled workers.
• Historically, an increasingly complex division of labour is
associated with the growth of total output and trade, the rise
of capitalism, and of the complexity
of industrialised processes.
11. The wealth of nations
• The Wealth Of Nations the magnum opus of a Scottish
economist and moral philospher Adam Smith.
• It was published on 9th March, 1776 during Scottish
Enlightenment and Scottish Agricultural Revolution.
• It is the first book which describes what builds the nation’s
wealth and now it is a classical economics.
• It touches the broad topics of economics as productivity,
division of labour and free markets.
12. Introduction of book I
• Causes of Improvement in the productive powers of
labour .
• Gives information regarding division of labour, real
and nominal price of commodities, wages and
commodities of labour and market.
• The division of labour has been arised from human’s
propensity to barter.
13. Introduction of book II, III, IV, V
• The BOOK II introduces the nature, accumulation
and employment of stock.
• The BOOK III introduces different progress of
Opulance in different Nations.
• The BOOK IV introduces the systems of political
economy.
• The BOOK V introduces about the revenue of the
Sovereign or Commonwealth.
14. ADAM SMITH
• As a Symbol of Free Market Economics Smith has been celebrated by
advocates of free market policies as the founder of free market economics,
a view reflected in the naming of bodies such as the Adam smith institute
in London, the adam smith society and the Australian Adam Smith club
and in term such as the Adam smith necktie.
• Alen greenspan agues that, while Smith did not coin the term laissez-faire,
it was left to Adam Smith to identify the more – general set of principles
that bought conceptual clarity to the seeming chaos of market transactions.
• Greenspan continues that the wealth of nations was “one of the great
achievements in human intellectual history “P.J.O’rourke describes smith
as the “founder of free market economics”
15. CONTINUE…
• The wealth of nations could justify the food and drug administration,
the consumer product safety commission mandatory and
“discriminatory taxation to deter improper or luxurious behaviour.
• Economist David Ricardo set straight some of the
misunderstandings about smith’s thoughts on free market.
• Ricardo pointed out that smith was in support of helping infant
industries.
• Smith belived that the government should subsidise newly formed
industry, but he did fear that when the infant industry grew into
Adulhood it would be unwilling to surrender the government help.
16. Legacy: In economics and moral
philosophy
• The Wealth of Nations was a precursor to the modern academic discipline
of economics.
• In this and other works, Smith expounded how rational self –interest and
competition can lead to economic prosperity.
• Smith was controversial in his own day and his general approach and
writing were often satirized by Tory writers in the moralising tradition of
Hogarth and Swift.
• During the industrial revolution in the late 18th century, Britain embraced
free trade and Smith’s economic theory were used to spread a broadly
liberal economic model around the world, characterized by open markets,
and relatively barrier free domestic and international trade.
17. ADAM SMITH AS OF NOW
• ADAM SMITH made two epoch making event i.e he made two
notable works one is THE THEORY OF MORAL
SENTIMENTS in 1759 and THE WEALTH OF NATIONS in
1776.
• Smith did not inaugurate a new chapter in social philosophy
and did not sow on land hitherto left uncultivated. His books
were rather the consummation, summarization, and perfection
of lines of thought developed by eminent authors—mostly
British—over a period of more than a hundred years.