Shinohara Two Benchmark Theory

Finance and Economics 3239 05/07/2023 1058 Avery

Introduction In the social sciences, two distinct theoretical frameworks have been influential in understanding how different power dynamics influence our lives. The first is Michel Foucault’s notion of power/knowledge. The second is Junichiro Koizumi’s concept of ‘The Axial Principles’. Whil......

Introduction

In the social sciences, two distinct theoretical frameworks have been influential in understanding how different power dynamics influence our lives. The first is Michel Foucault’s notion of power/knowledge. The second is Junichiro Koizumi’s concept of ‘The Axial Principles’. While both frameworks can be used to understand certain aspects of power dynamics, they differ in terms of their theoretical focus and approach. In this paper, I will provide an overview of both Michel Foucault’s notion of power/knowledge, and Junichiro Koizumi’s ‘The Axial Principles’. I will then discuss the strengths and weaknesses of each, as well as their practical implications.

Power/Knowledge

Michel Foucault’s notion of power/knowledge is based on the idea that power is produced and reproduced through discourse, and is made tangible through the institutions, practices, and discourses of the social world. Power is not an abstract principle – it is rooted in our everyday lives and embedded in the institutions that we interact with and that shape our behaviour. Power is thus a pervasive force, exercised through subtle and intertwined forms of domination and influence. Foucault characterizes power as a productive force rather than simply a repressive one, and as operating in a network of interconnected power dynamics.

Foucault makes a clear distinction between knowledge and power, arguing that knowledge has a subtle yet powerful effect on the production and circulation of power. For Foucault, knowledge is ‘the thing which sustains the exercise of power and the presence of which it endows its bearer’. For example, the knowledge of law and the knowledge of economic systems are both crucial in reproducing and exercising power, as they are part of the structures and practices that shape our lives. As such, knowledge, as it is acquired, circulated and internalized, is what supports the operation of power in any given context.

Axial Principles

Junichiro Koizumi’s concept of ‘The Axial Principles’ is a new way of looking at the structure and dynamics of power. It holds that the power dynamics that shape our lives can be explained through four different ‘axial principles’, which are: (1) the belief-value system; (2) the hierarchical system; (3) the class system; and (4) the strategy system. The belief-value system is based on the idea that certain beliefs and values shape our social and cultural realities. These include religious, moral and aesthetic values and beliefs, all of which shape the way we view and interpret the world.

The hierarchical system, as articulated by Koizumi, explores how different levels of hierarchies form power dynamics in society. These hierarchies are based on differences in social roles, class, race and gender, and how individuals and groups relate to one another in a variety of power dynamics. The hierarchy system is particularly useful for exploring how degrees of power within a society and how political institutions and practices affect how power dynamics manifest.

The class system, which is closely related to the hierarchical system, investigates how class and economic power is structured within a society, and how it impacts access to and control of resources. Finally, the strategy system explores the various strategies and tactics that individuals, groups and institutions employ to gain or exercise power. These strategies can range from subtle manipulation to direct coercion, and have profound implications for the way power is deployed and reproduced in any context.

Comparison and Contrast

While Michel Foucault’s notion of power/knowledge and Junichiro Koizumi’s ‘The Axial Principles’ have similarities, they differ greatly in their theoretical focus and approach. Foucault’s notion of power/knowledge is rooted in the idea that knowledge and power are related, and that knowledge shapes the reproduction and exercise of power. On the other hand, Koizumi’s ‘The Axial Principles’ offers a more structured approach, focusing on hierarchical, class and strategy systems and how they shape power dynamics.

The two frameworks also differ in terms of their practical implications. Foucault’s notion of power/knowledge is useful for understanding the subtle and often unconscious ways in which power is wielded in everyday life. It is useful for uncovering the discourses, institutions and practices that reproduce and exercise power, and for understanding how knowledge is employed to sustain power dynamics. On the other hand, Koizumi’s ‘The Axial Principles’ is more useful in exploring how power is structured and employed at the institutional level, and how power dynamics unfold in different contexts.

Conclusion

In conclusion, Michel Foucault’s notion of power/knowledge and Junichiro Koizumi’s ‘The Axial Principles’ provide two distinct theoretical frameworks for understanding power dynamics. While their theoretical approaches differ, they share certain similarities, such as the idea that knowledge plays a role in reproducing and exercising power. They also differ in terms of their practical implications, with Foucault’s notion of power/knowledge suited for analyzing more subtle forms of power in everyday life, and Koizumi’s ‘The Axial Principles’ more useful for understanding power dynamics at the institutional level.

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Finance and Economics 3239 2023-07-05 1058 CrystalineRainbow

The Sonnenshein and Sullivan model is an economic theory which was developed by M. Thomas Sonnenshein and Joseph B. Sullivan in 1993. The model is based on the idea that firms do not always make decisions based on a single narrow objective, but rather seek to optimize a bundle of different objecti......

The Sonnenshein and Sullivan model is an economic theory which was developed by M. Thomas Sonnenshein and Joseph B. Sullivan in 1993. The model is based on the idea that firms do not always make decisions based on a single narrow objective, but rather seek to optimize a bundle of different objectives when formulating strategy. This idea is somewhat contrary to the traditional economic view that firms are rational actors and single-mindedly pursue profit maximization.

Instead of relentless profit-seeking, the Sonnenshein and Sullivan model suggests that firms are guided by a combination of both explicit and implicit considerations. Explicit criteria such as profits may be crucial goals which guide the decision-making process, but implicit variables such as reputation and customer loyalty also play a role. The model suggests that firms try to optimize a separate set of objectives which are often at odds with each other. Decisions have to be made to strike a balance among these objectives.

The Sonnenshein and Sullivan model stands in contrast to the traditional goal of profit maximizing which views firm decisions as being made with a single, rational objective. By focusing instead on the bigger picture and the range of considerations that firms must take into account, the Sonnenshein and Sullivan model helps managers and business leaders to prioritize objectives and set appropriate goals. When decision makers take into account a range of factors beyond just profits, it can lead to more a creative and well-rounded approach to corporate strategy.

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