DAS TORTHE AMERICAN GRADUATE SCHOOL OF INTERNATIONAL MANAGEMENT VOL XL NO. I AUGUST 31,1992
Islamic Economics DefinedBy Mark BurrImagine, you enter the Fun-
dimentals of Economics class and the professor proclaims thai the distinction between normative and positive economics is irrelevant; opnmality is determined by soci etal needs rather than the summa tion of individual demand- aid the free hand is that of God's.
Although you may think you're in Utah, most likely you will find yourself attending a course on Mamie economics.
Most of us have heard of what Western analysts refer to as Islamic Fundamentalism, which Is, at heart, the desire of a large num ber of Muslims to apply the pre cepts of Islam to their legal, eco nomic and social institutions. In nearly all Islamic countries there
exist, in an uneasy truce. Western and Islamic legal codes and banking sys tems side by side. A quick study of die region will reveal the resurgence of Islam in nearly every country in North Africa and SourJiwest Asia. not to mention the breakaway repub lics in me Caucasus and (formerly) Soviet Central Asia
The roots of Islam run deep, but in modem times they can be traced most directly to the failure of Western ideologies (read Liberal ism ard Marxism) ard Western insti tutions (read: World Bank. IMF. GATT) to (teal with the problems of distribution and development in the Middle East.
But what exactly is Islamic economics? To quote M. A. Man- nan, the Paul Samuelson of Islamic
economics, it is the study of "the problems of production, distribution and consumption...and their social and moral consequences m the light of Islamic rationalism." In layman's terms, the Qitim is revealed knowl edge a given and serves as the fundamental basis of Islamic eco nomic analysis. As such, Islamic mm is seen as an economic and moral maximizer, he is simulta neously individualistic, cooperative and socially responsible.
So what goods will be pro duced? In Islamic society this deci sion i s guided by effective need rather than Pareto optimality regardless ofprofitabiliry. Providingforthepoor and the needy customer who can not afford the market's price is built into the equation. The haw question is
determined by lirrHtedcornpetinori and conscious cooperation among firms. And the/or whom question is decided byacornbkation exchange $y$tem(to cwercwnetheprohibitionagamsfusiryj and one-way (welfare) transfers.
A final example, m which op portunity cost is given a moral dimen sion, shoukl suffice. In most Muslim countries there is zprayerbreak within normal business hours. Apersonwho is employed 40 hours a week should include a minimum of five hours of prawrfcrea£mraspaycheck. Western economics would consider him under- employedandinaawirnandeconomy' hisbehavioristreatedas irrational But to .Muslims, the consequences will be favorable material productjon.job sat isfaction, and reduced alienation. The long-run results would be increased
prodocthiry.socialsoKdariry.ajdniore effective economic development
Now this scenario begs a num ber of questions. What happens to religious minorities in such an economy? How much must the indi vidual give up to religious orgama- tioas and the state to xcomplish this0 Can it provide the mos! good for the greatest number? These questions and the Muslim's responses are beyond diescopeofihisarnde. Thekssonfcr us, however, ts that as international managers our fundamental beliefs are going to be challenged far more than most can imagine. Our first response must be to seek an understanding of our surroundings. Then we must de cide how best to succeed
WB Focuses on TQM
By Mary Ellen 0 'MearaAn effort to apply the principles ofTotal Quality Management to the
operation and educational process at Thunderbud is in full force. The TQM teamsteered by Dr.Jason SchweizCT.hasactuaDybeenmexLstericeforabout six montfis, researching the TQM process and trying to come up with a working definition of what TQM actually means for Thunderbird Activity has been accelerated over the summer semester with the addition of new members; also, under the influence of Dr. John Mathis. the focus has been adjusted to revolve around the World Business Department including a review of the department and its operation, and reflection as to how TQM could be applied.
During the Spring semester, current articles and other literature were collected which explain, praise, and critique TQM efforts in a variety of industriesand functions. ThepointofdeparturewasmeMalcolrnBaldridge National Quality Award; deeper exammation ted to the Baldridge's prede cessors- namely theapproachesofDermng, JuranandCrosby.Traditionally. the concept of quality control was applied to manufacturing/ engineering related topics. Recently however, it has been applied to the service industry, and these are the applications which interest Thunderbird. Basically, the concept involves constant improvement; this implies the existence of a system of control in the organization, which monitors intangibles such as efficiency, quality and customer satisfaction. At Thunderbird one of the main stumbling blocks has been the identification of die customer is it die Thunderbird student, who is receiving an education (the product) or is it instead the employer who hires Thirds? The conclusion of Team TQM is
, tnatthecustc»nerisacombinatic*iofthetwo,andthatDc<h consulted fa trying todetermine where we excel, where we fall shoithow we can monitor quality and most importantly, how we can change and improve.
The team has encountered several other groups on campus in other academic and administrative departments, who are heading in similar directions. The project fits in with Dr. Herberger's Strategic Planning Task Forces,and the current objective is tosynergizetheeffort by coordinating the groups, organizing ideas, and implementing the TQM process together. Initially, the World Business Department will serve as a pilot project, to exercise ourTQM acumen and develop our expertise. In the Fall semester, TeamTQMwiHbelookingtoexpand so interestedstudentsshould visit with team members, or contact Dr. SchweizerorDr. Pring at the beginning of fall semester. Weekly meetings take place on Mondays at 9am in the WB DeparmienLTeaininernrjersare:MaryE31enO'Meara,pro^ SandraCampbdl, Dfl Kulathum, Paul Mockenhaupt, W. Hudson White, Gustavo Zapater. Mark Masso, Gerald Moczynski, and Iciar MeUi
Running in the HeatBy Diane KamaRunning during the heat of the day can be difficult at best and dangerous at worst. But it can be done!! There
are however, some suggestions for hot weather running that you should be aware of.1 Wear cool clotliing
Light colored, loose clothes are best. Keep your head and shoulders covered
2 Drinkpleray oj"fluids (alcohol doesn't count!) Drink before you get thirsty-about 1 -3 quarts a day and make frequent stops to replenish fluids that you lost
3 Avoid the heatNot easy here in the Valley of the Sun! Plan torun in the early morning or late evening. Look for shade.
4 Adjust your paceStart out slowly and adjust your pace along the way.
5 Adjust your distanceAlways keep in mind the need for water when planning your runs.
6 Replenish your body's supply of fluidsMagnesium and potassium are lost through sweating. Eat plenty of fresh fruits and vegetables, especially bananas.
7 Use common senseIf you feel dizzy, overheated, disoriented or cold, stop and walk. These are symptoms of heat exhaustion.
8 Join the World Runner's dub!!
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Greekfest: continued from page 2for dtxft cmc <>f < wr puny h«l hwklavu and the other two had Greek coffee. The coffee also was well-prepared
wwiwiwWlwvrb«niuir,The problrm wiih rwteurwil hukluvn Alrx gfivr it sift "8" on a 10 point high scale.
Overall thcum**!*111*"* w»quiri «mIreltw«J lie new facilites were festtonedtosanewhatresenAleaGreek cafcmou and aHhoujjh ihr «M|t» mi ifn* MMWW walls were a bit tacky, I felt the design was generally successful. The waJt-4airwc«v«y>Hi»i«iMwl,^>«r«viiiit»n4ttWiilly They deserved a 15% tip forte aaentiveness. Theowner's wife id.u> inn* ii 1**<«»1 vWHiie i'*> !«*»» *&* 'wicc during the evering to check on ftequality of the food which
Das EditorBy Anthony Nitsos Editor in ChiefThe paper you are holding in your hands is unique mi (we nope) wffl
beavaluabteassmoytOTexperierceatTTwnderbird As far as I know. Das Tor is die only business school newspaper m te country and is certainly the I ordyirtemational business school newspaper. It is also a rather old tkm. insofaras toe em "dd" can be applied to so young a schod.
Das Tor started as an underground newspaper in the early 196Qs and I was given "official" recognition 23 yearsago. It represents thedforKoffifiy- six editor* and their staffs to maintain an institution of the free press on das I campus. Das TOT attempts to provide a forum for discussion and debate of I whatever the students think is worthy. As such, we at Das Tor hope that you] will value this institution and wiU give it the support that it needs to function.
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AnnouncementsPapers needed for Latin American Conference
This is our final call for papers and/or panels for the 38th annual conference of The Pacific Coast Council on Latin American Studies (PCCLAS) which will be hdd on our campus on
October 15-18. ThedeadlineforsubrriittingrequestsforjXEsenQtions and /or panels has been extended to September 4. Presentations and pands by students are welcomed. We already have at least a dozen student presenters from other schools and only one fromAGSlM. Also, if you are interested in helping with conference planning and organization, pkase contact meat theISRC(x7184).orat my residence (97S-1838). Please hurry. TEMPUSFUGrT.
Fortune Needs PicturesThunderbird's Fortune-Fall 92 is in process and needs your coopera
tion.Fortune wants to publish pictures of Thirds participating in several
activities. If you and/or your friends are planning to take pan in an activity. take a picture and send it to the Fortune. If you are going to be in an overseas program, take pictures during your visit and send them 10 the Fortune. I f you are graduating in August and you want to receive the Fortune-Fall 91 we can mail it to you anywhere in the world
To all Thunderbird alumni. Fortune has extra copies of last semester's editions, if you are interested in having one of those, we will be able to send it to you anywhere in the world Write to the address below and we will do our he>a ff you ore interested in getting the Fortune-Fall 92, you can write to the same address also.
Thank you very much. GoKaloAramayo, Campus Box 1653. tf>02j 978-7117; Carlos Ferrer. Campus Box I668,(602) MI-2277
Newman Club Celebrates MassThe Thunderbird Newman dub (Apostolate) is pleased to announce
that the first Mass of the faU semester will be celebrated at The Inter-Faith Center (near the 59th Avenue entrance) on Sunday 13 September at 10:30 am. Masses will be celebrated every Sunday thereafter during the fell and spring semesters. Father Luke SUvestri is the celebrant. Volunteers are needed to help with the Mass, choir and music (organ, piano, flute, guitar. eic.). Furrm>rfinli)rni.'inonpleax.- c;i!lllK'Newni;inI-jailiy.-\d\isors-l^i it
jPmheiro {72SS).« Pi of. i>uartt- < 71X4or 97S-1 S.vS).The Ne« nun Club is niunderbird > oldest cluh dating hack 10 the
school's earliest days. The Club sponsors Mass on campus, spiritual counseling.guest lectures, ecumenical gift subscriptions lor the Library and the ISRCcollects food and clothing for Andre House, a downtown Phoenix center for the homeless, and sends donations for disaster relief overseas.
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MOST 8 CYLINDER$59WITH THIS COUPON
* FOR AN ADDtTlONAL $ 19.00 YOU WILL GET A COMPLETE COMPUTERIZED TUNE-UP WITH A FULL PRINTED ANALYSIS SHEET SAVE UP TO S 25.00
PLEASE NOTE: IN SOME CASES A MANUAL ANALYSIS WILL BE DONE IN ORDERTO DIAGNOSE PROBLEMS WITHOUT USING A PRINTOUT
MOST CARS & LIGHT TRUCKS • ALLOW APPROX 3 HOURS FOR THIS SERVICE• COUPONS GOOD THRU ALL OF 1992BHM •••••••
£ igID•E-
s=|l< 8>Ss so 2o-*a o "mgS_i a. -; £ t J < W 0 «s> «--=±* ^ aa.-j .I < ^»*» uj z < o GO
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TWO WHEEL BRAKE RELINETWO WHEEL
BRAKE RELINEUPON REQUEST- INCLUDES $14.00
TIRE ROTATION
/PLUS MUCH MORE
/UFETIME WARRANTY/ON OUR PADS AND SHOES
FRONT DISC
$5995wmi THIS COUPON
AH OW APPROX l!/2 HOURS PER AXI.E FOR THIS SERVICE
INCLUDES:FRONT DISC* INSTALL QUALITY DISC PADS* INSPECT REAR BRAKES* TURN FRONT ROTORS* PACK WHEEL BEARINGS
(FRONT SEALS ADDITIONAL)
AND-ORPROVEN Pros TECHNICIANS
REAR DRUMS* INSTALL BRAKE LININGS*k TURN TWO DRUMS* INSPECT WHEEL CYLINDERS
(PREMIUM SEMI-METALLIC DISC PADS S20 EXTRA)
\~7\ LIFETIME LIMITED — WARRANTY
GOOD ONLYAT
BELL AUTO SERVICE
REAR DRUM
$5995wmi THIS COUPON-
MOST CARS LIGHT TRUCKS
BELL GOOD/YEAR6027 W. BELL RD 843-5501
COUPONS GOOD THRU ALL OK !
SUPER SERVICE SPECIAL(OIL CHANGE - NEW FILTER - LUBRICATION PLUS MUCH MORE)
COLPON INCLL'DKS: Jm.it OIL CHANGE: USING UP TO 5 QTS
OF QUAKER STATE 30 WT. OIL. AOP S2 0<> FOR SLTCK Fil.END 2t»-ii> *,'|
* INSTALL NEW PREMIUM OIL HLTER* INSPECT TIRES FOR CLTS. NAILS AND
CHECK AIR PRESSURE* INSPECT BRAKE LINING, PADS* INSPECT BELTS, HOSES AND RADIATOR it INSPECT AIR FILTER FOR ARI7, CONDITIONS PLEASE CALL FOR APPOINTMENT
*PLUS - VISUAL WRITTEN SAFETY INSPECTION
MOST DOMESTIC * KXU-JGS CARS* LIGHT TXI.CKS
WITH THIS COUPON
$28.75 VALUEAU.nw APl'ROXISUThl.Y : HOl-'K I-OK THIS Si.KVIfh
OR I.KAVK wr; ii i;s KJK TIU-. DAY AND AVOID ANY WAITSUPER BLEND 20 40 WT. OIL $2.00 EXTRA.
ADDITIONAL CHARGE TO CHECK AND FILL NORMAL FLUIDS $4.00
TIILS COU'ON CAN BK I'SKD THRKE TIMKS
OATK !..__.__ 2. _______3._______COUPONS (,001) IHKl ALL OF I'm •••••••••
1 I I I I 8 I I I I I I I I I
FREE!SHUTTLE VAN
to: AGSIM Campus Local Area
Apartments
MM •»•••»« lOLi'ONS GOOD IHKL AU.CJI- fW; M M ••
PREVENT OIL BREAK-DOWN i
X/iusmrs
ATEnD
TWO GREAT OIL CLEANERS & ADDITIVES I BOTH FOR THIS LOW PRICK "~ j
I I•
I I I
-J
$1995M fm win •• ••• coiwmmns
COUPON
SITHELP REMOVE HE1.P DISSOLVE HELPRH.MOV1: CRANK CASE OLD, HIGHLY HARMHJL DEPOSITS OXIDIZED OIL CONTAMINANTS • »•••> COUPONS GOOD THRU ALL O!; 1992
COUPONS GOOD THRU ALL 1992
PREMIUM SERVICE SPECIAL* Lubricate chassis, check & FILL fluid levels
Brake Fluid up to 1 pt., Transmission Fluid up to ! qt., Windshield Washer up 10 I qt,
* Change your oil using up to 5 qts. of 30 wt. or 20-40 wt. Super Blend Quaker Slate Oil.
it Install a new Premium Oil Filter it Rotate 4 tires , Check air pressure.* Inspect tires for cuts and nails.* Inspect shocks and struts* Inspect brake linings and padsit Inspect air filter for Arizona conditions* Inspect belts, hoses, and radiator* Inspect for dry heat-cracked wiper blades* PLUS VISUAL WRITTEN SAFETY INSPECTION
PLEASE CALL FOR APPOINTMENTPLANNING A
TRIP, OR NOT You Need This
$2288^Ult ^^H WITH THIS I
,.. ^^™ ^^™ COU'ON MOST CARS & LIGHT TRICKS
THIS COl'PON CAN BE LSK1) FOLK TIMESDATE I.___ 2.___ 3.___ 4.___
Bill ROAD
COUPONS GOOD THRU ALL 1992 •••••••••IBell Certified Auto & Truck Service
6027 WEST BELL ROAD(just west of 59th Ave.)
5027 W BELL RD
PLEASE CALL FOR APPOINTMENT843-5501
INCLUDES FOUR (4) - TIRE J ROTATION ($14.00 VALUE) I
I I I I I I I I I
ALLOW APPKOX !l£I!RSK>R SERVICE OR LEAVE • wni I US I«>R TI IE D A Y & A VOID ANY WAIT ™
Minutes fromschool with our
FREE SHUTTLE
SAVE ON SERVICE IN 1992
AUTOS-VANS TRUCKS
Ask For YourComplete
AGSIMCoupon Book!
We employASE CERTIFIEDTECHNICIANS
PROVEN PROSEPA EQUIPMENT
Approved Auto Repair
JUST SAY "CHARGE IT" "CHOOSE YOUR CARD"
PLUS OTHER CREDIT PLANS
STORE HOURSDAILY: 7 am - 6 pm
SAT.: 7am - 1pm
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