Strengths and Weaknesses of Social Contract Theory Research Paper

Strengths and Weaknesses of Social Contract Theory - Research Paper Example This paper tells that the social contract is considered to be an agreement between the state and those subjected to it, over their duties towards one another and how these duties are likely to be carried out. It is through the belief in this contract that many states today have come to be formed, and this mainly through the development of constitutions. The social contract theory recognizes that individuals have their own natural rights some of which they surrender to their governments so that the latter can protect their remaining rights. This paper seeks to show that while the social contract theory has many strengths, it also has various weaknesses, both of which will be addressed. The social contract theory is one which attempts to bring order to the society through the recognition of the rights and duties of individuals and states towards each other. This recognition allows for the development of a constitution which helps in the formulation of laws the protect the rights of ind ividuals while at the same time making it possible for people within the society to recognize their responsibilities not only to the state but also towards one another. It is through this recognition that it becomes possible for the government to enforce its authority over the society within its territory and this helps it to protect the individuals living within it. This theory can be considered to be a guideline for governments on how they can handle their responsibilities towards their people, for example, the provision of security as well as ensuring that their people are able to exercise their freedoms without any prejudice. It also recognizes that there are certain situations where individual rights have to be put aside in favor of the good of society especially in situations where individuals are required to pay taxes in order to help the government to fulfill its obligations.

Strategy Outline Example | Topics and Well Written Essays - 500 words

Strategy - Outline Example This development has prompted the company to develop a competitive strategy that can help it create competitive advantages and a sustainable market position (Low & Arain 2010, 15). One of the important approaches towards increasing efficiency in business activities is the use of strategies that reduce a company’s operational costs. This is important since companies can take advantage of the reduction in costs to maximize on the returns from the services and products they sell. Across various businesses in different industries, competitive advantages have often been achieved when firms attain high levels of profits from the activities they engage in. It is important to point out that particular industry structures play a crucial role in determining the amount of profits that business get from their operations (Plunkett & Research, 2010, 47). This is because; the particular forces shaping the industry and the same ones that determine the profits those firms derive from their operations. In the retail industry, like other industries, the particular forces affecting company and business performance include competition, like that which Wm Morrison is facing currently, the bargaining muscle in sellers and buyers of goods and services, as well as availability of complements and substitutes in the products and services being offered in the market(Worthington & Britton 2006, 13). The porters five model is used in making an analysis of the viability of business towards making competitive advantages and market position (Sadler 2003, 32; Grant 2008, 51). Businesses that want to grow and expand are expected to make an environmental planning and analysis on order to align their strategies accordingly. According to the porters five model, Wm Morrison has not received any major threats with the entry of new suppliers in the market. This can be attributed