Unitary view
- Employees and employers work as a team to achieve common goals
- Relationship developed by management is geared towards efficiency and success
- Unions are not needed
- Conflict is rare and a supportive leadership style is used to maintain happy and satisfied workers
- Little emphasis on power. Management is seen as having authority and control to determine common goals.
Pluralist view
- Believes conflict between workers and employers is inevitable considering the different aims
- Crucial element is how management resolves the conflict
- Power is crucial as it is the means by which conflicts are resolved
- Bargaining and negotiating are seen as methods of restoring equality and power within the business
- Use arbitration or mediator to resolve conflicts
Radical view
- Believes that there are such fundamental differences between employer and employee that conflict will always occur
- They are far too opposed to work together
- Power is a very prominent feature. It’s unequally distributed and is seen as ways that managers can manipulate and overpower workers.
- Competing groups are trying to achieve incompatible goals
TAX HAVENS
o These are economies that impose little or no corporate income tax
o For a relatively small fee a business can set up a wholly owned subsidiary
o By manipulating payments such as dividends, interests, royalties n capital gains between its various subsidiaries, the business diverts income from subsidiaries in high-tax countries to the subsidiary operating in a tax haven
o By recording profits in havens the business escapes tax requirements of other countries