PHILOSOPHY AND TRADITIONS IN MANAGAMENT RESEARCH Assignment - 1

PHILOSOPHY AND TRADITIONS IN MANAGAMENT RESEARCH - Assignment ExampleIn this current essay, the researcher has well-tried to critically appraise the theories with the view of Free Will. It is a philosophical concept that refers to the capability of the economic agent to select a particular picking among various alternatives (Free Will, 2014). Most of the philosopher has supported that, the notion of free leave alone is strongly related with the ethical sense of the economic agents and the firm.The term free will refers to the precedent of the rational agent to select best alternative one from the sort of several options. Various constraints that included in the subject matter of free will concept, includes physical constraints, metaphysical constraint, social constraint and mental constraint. The principle of free will provides implication in various segments, such as ethical, religious, legal and scientific (Williamson, 1998). For example, in science, free will suggests differen t ways to predict human behaviour. Further, in religious realm it implies choice of individual action that can amplification moral province or certain injection to a man and so on. Most of the philosopher suggested that free will is strongly linked with ethical obligation and responsibilities of the agents (Plato.stanford.edu, 2014). In respect to the values of love and friendship, freewill also plays a significant role in building the root of relationships.In economic terms, a firm basically exists and state its decisions in order to make the utmost use of its resources. Firms interact with the market to determine demand and price and then assign its resources to maximize its profits (Moyle, 1998). Consumers always try to maximize their overall utility whereas business organizer tries to maximize net profit. Thus, theories of firm always adopted and analysed in respect to the changing market and economics. The firms theory comprise of several economic theories