Find article themes, analyze, critique, synthesize and write a Essay

Find article themes, analyze, critique, synthesize and write a conclusion - Essay Example Another theme in the readings, developed through March and Olsen is institutionalism, which the authors define as a study of political entities and their relationships, through theoretical concepts and formulated hypotheses (2005). Institutionalization establishes constraints within which actors in an economic system (Ingram and Silverman, 2002). Closely related to these themes is the theme of susceptible governance whose remedy is an extensive network through â€Å"collaboration† and â€Å"performance management systems† (Imperial, 2004, p. 4). The theme is evident among practitioners as they seek to achieve better governance in an environment that experience forces from both public and private sectors. Significance of relationships between members of the networks through mutual benefit is another theme that the readings establish through Stephenson’s article (n.d.) and Milward support through his proposed guide to manager’s selection and application of c ollaborative networks (2006). Virtual networks through technology promote the networking (Alstyne 1997). The theme of economic governance is also significant in the readings and is developed through Mintzberg’s article (1996). ... The concept of market failure is a tool to government’s intervention in the economy but its validity and application is questioned. While the market failure concept initially guided government’s point of intervention to regulate the economy, its role diversified to determination of intervention strategies while little attention has been paid to the concept’s validity and empirical and theoretical background into the concept do not exist. Existence of discrepancies, contrary to expectations under mixed market in which forced interact to ensure efficient resource allocation, shows that the market failure concept has failed. Government’s efforts to use the concepts towards resource allocation and optimization of social benefits have also failed and this discredits validity of the concept as applied by the government. Regulations towards environmental conservation such as taxes to curtail excessive pollution have for instance failed to identify inadequacy of t he market failure concept (Vogel, 2009). Existence of externalities also challenges applicability of the market failure concept because it induces the need for a wider perspective to determining market failure (Tragakes, 2011). These challenges to the market failure concept therefore supports the proposal that the concept is ineffective and are consistent with Zerbe and McCurdy’s perspective that the government misuses the concept to justify its intervention in the economy. The theme of unreasonable use of the market failure concept is also evident in the readings and while it offers a basis for criticizing governance, it does not disqualify the need for government intervention in the economy. This position is informed because the society expects government intervention to ensure fair

The Porter Five Forces Analysis Performed On the Case Study of the Article

The Porter Five Forces Analysis Performed On the Case Study of the Music Industry In 2006 - Article Example The paper tells that market attractiveness in this context refers to the general industry gain of profitability. On the other hand, in an unattractive industry or market setup, is one that does not conform to the five forces analysis, since it offers a projection of losses within the market in the long run. In other words, an unattractive market would be one that is approaching the level of "pure competition", that is, the available profits for all firms within the market are depicted at a normal profit. The porter five forces analytical model has the following components the facilitate the examination of a particular product within the industry: The first part of the porter five forces model is the Internal Rivalry, which explains the competitive level within the industry. In this particular scenario, the intensity of competition within the music industry in that specific year is high because given the numerous number of players in the music industry. The major players in this marke t include Universal Music Group which owns 26% share of the music global market and has the prospects of merging with Sony BMG Music Entertainment to increase the production rate of publishing music media. The merging of companies within a market tends to consolidate the industry. For example, in the year of 2004, the entertainment and recording companies, Sony Music and the BMG, merged to change the equilibrium within the competitive market. The major companies highlighted in the case study regarding the prospected changes in the music industry form mergers with the expectation of each company trying to favorably compete with each other by developing new products or increasing the mass of production in the market all the time. For instance, the 50-50 joint venture between Sony and BMG Music Entertainment which made it the second largest major in the music industry.