Theoretical case study

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The year is 2027. Venezuela has gone through some hard times but has made a remarkable comeback by implementing some broad political, monetary, and economic reforms. It is transitioning from an oil-based economy to a more diverse economy that includes manufacturing and technology companies. A growing middle class has increasing purchasing power. Recent years have brought an increase in manufacturing domestic products, exporting products, and importing products from many global sources. Citizens have increased confidence in the rule of law and the integrity of the judicial branch.

Alejandra Mendoza is running to be elected President of Venezuela. You are serving on her board of economic advisors and have been asked to analyze a key public policy question. Should her campaign support adoption of U.S.-style products liability laws in Venezuela based on strict liability for defective products?

///Paper instructions

Write a memo to Ms. Mendoza with your recommendations. Identify and analyze specific benefits and risks in the areas of public health, economic growth, and political risks. What anecdotes can be used during the campaign to promote the policy? What are likely criticisms from political opponents and the business community, and what are the best responses to those criticisms?

Analyze key issues of the campaign’s support of adoption of U.S.-style products liability laws; identification and analysis of specific benefits and risks in public health, economic growth, and political risks; anecdotes that can be used during the campaign to promote the policy; and likely criticisms from political opponents and the business community and responses to those criticisms.

Your submission should include references and citations outside sources where utilized.

///Writing Criteria/guidelines
1. subject matter: High quality, substantive written response that clearly and fully addresses the assignment instructions, expectations, and subject matter.

2. analysis: Correctly identifies and thoroughly, thoughtfully analyzes all relevant factors related to the assignment.

Sample Solution

anizations are made of among others, human resources (HR) which is the most valuable asset in today’s dynamic world. Indeed, it is people and not organizations that constitute an organization. Achievement of organization’s objectives depends on the individually and collective efforts put in by its work force. Human resources management (HRM) may be defined as the coherent as well as strategic maximization of human resources capital in an organization towards making a return on that investment (Gold & Bratton, 2001).

The practice, in its efforts, effectively attempts to maintain a ‘fit’ between the employees and the organization’s overall strategic direction. Unlike technology and processes, people have a soul, aspirations, feelings and emotions. As such, the concept of people as an asset, do not indicate perceiving them as commodities. In managing people, the manager must practice disciplines based on psychology, sociology, industrial relations as well as industrial engineering and economics. In achieving an organization’s objectives, it is possible to adjust the technology employed by increasing production speed as well as reducing the machines’ downtime. For a person, who has a soul, ability to reason and act in response, it is hard to alter the person’s working speed as well as the duration. Proper management of human resources leads to a motivated workforce, a development to loyalty and an assurance of survival and success of an organization.

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