SCHOLAR: THE ACADEMIC MODEL OF BUSINESS

THEORY:  THE ACADEMIC MODEL OF BUSINESS

The Academic Model of Business aims to form a strict liability in its attempt in the scrutiny of the determination on “harm and suffering”.  Yates defines “strict liability” as a liability in the absence of fault (2017).  The "Academic Model of Business" is used specifically for political reasons.  It promotes purpose and transparency in decisions.  The "Academic Model of Business" queries contention and seeks to promote solutions whereby propositions are reasoned through critical thinking and rationale.  Normal business does not want such liability and they seek to conduct their affairs via unwritten social contracts as it pertains to contention.  This gives businesses the flexibility to push the boundaries.  The "Academic Model of Business", however, uses qualitative works to be able to promote a direction and such direction could potentially stifle the company’s mobility.  For example:  A corporation produces books and seeks to have such books be a major part of the companies’ procedural conducts such that it is encroached in its company manifests.  If a complaint is filed via an employee or even a customer and it is accused as a “tort,” the company would get investigated via a Judge who will then look at the company manifest and the books in question to determine the validity of the “tort” in determining “fault”.  This has the potential to stifle the direction of the company.  In the "Academic Model of Business", the Judge has more information in the process of the distinguishing of facts against the defendant- in this case the business.  This is the reason why modern business prefers to operate with the least amount of legal documentation because its less liability.  Strict liability requires extreme care by law and the "Academic Model of Business" says that the company has used “competency,” to conduct its operations.  It is essentially a guarantee of “best practice.”  A warranty in contract is created by the "Academic Model of Business,” it can be defined in law as a “a promise or guarantee from one party to another that the facts are true and reliable” (Up Counsel 2021).  The "Academic Model of Business" henceforth is a contractual relationship of business which creates an estoppel.  Estoppels are “an equitable remedy that stops a party from trying to establish a position or deny something that, if allowed, would create an injustice” (Yates 2017).  By creating an “estoppel,” apparent authority is established in agency relationships.  The “actual authority’ of those actioning the “Academic Model of Business” results from the appointment of a position by the principal.  In this case the business entity is the principal and that whomsoever action such model become the agent working on behalf of the company.  This then results in actual authority, more specifically express and implied authority via a written agency agreement.  Similar to how employees have general employment agreements, “agents” working for the business entity have agency agreements wherein such principal- the entity “set[s] out the authority of the agent” (Yates 2017).  Conditions and warranties are set out in such agreements.  The defence to this is that the agent creates what is referred to as caveat emptor.  This is a legal principle by which buyers should be aware.  In the case of the subject, Erations Conglomerate (a company in the process of being created), it essentially actions the “Academic Model of Business,” to make those consumers aware of contentious matters.  It also is the accountable measure by which transparency occurs.  Values are used to depict the various Strategic Business Unit objectives of the company.  For example, “timmykam Productions” has the following values: “accountability, responsibility, impartiality, creativity” and “New Register Publications is actioned via the values of being “systemic, methodic.” The model in question essentially creates a division of education and socialization.  Hence in the aforesaid company, a “Social Scholar” creates works labeled as “social” or “scholar.”  Such “Social Scholar" must  attain mastery of the academic literature used to gain qualifications via academia.  The view of the "Social Scholar" (high or low) depends on how he or she actions authority and approval. Henceforth such values are actioned when making business decisions pertaining to the products that are produced in any of the SBU’s.  Wit and reason determine the purpose of the product.  The legal saying “to wit,” means “to know; to learn; to be informed” (US Legal 2021).  It is used in legal writings and contracts, and it essentially comes from the word, “witan” “which means to know, to be aware of” (US Legal 2021).  To know and to be aware of requires imagination.  “To wit” is a process that essentially promotes learning.  When a Judge says the defendant is convicted of possession of a controlled substance, to wit cocaine (US Legal 2021).  It means that those whomsoever are interested in the matter use the law to determine the validity of the conviction and this sparks the imagination whereby they are intrigued as to the particulars and specifics of the conviction.  This promotes learning as it sums up the case but also promotes interest in the matter where people interested analyze the case in an effort to action their professions, Ie.  Attorneys refer to such precedents to distinguish the facts so they can vilify their client and Criminologist on the other hand investigate the case which produce quantitative surveys or reports and or quantified data by government agencies as statistics.  These both promote analysis.  Essentially the analysis is the use of reason in a bid to determine the logic behind the issues.  Henceforth the “Academic Model of Business” promotes the use of imagination and logic.  Such model of business considers the rule of law.  It takes contention and scrutinizes causing social innovation.  Such innovation are actioned.  This is what happens in “Academic Tenure”.  “The purpose of tenure is to protect a Professor's academic freedom” (Best Colleges 2021).  Such tenure produces possibilities and opportunities which could be approved via the diffusion of innovation.  Different models of business can be such examples as direct sales, franchising, advertising-based, or brick-and-mortar.  The Business Model “refers to the company's plan for making a profit. It identifies the products or services the business plans to sell, its identified target market, and any anticipated expenses” (Investopedia 2020).  In some sense the “Academic Model of Business,” can create a “legal monopoly”.  Such is the case if wit and reason is used by the "Social Scholar" to encroach itself- the entity into the government.  The “Academic Model of Business” questions and critiques phenomena in society.  It determines the facts, evidence and supporting evidence to synthesize innovative solutions.  The literary works of the company serve as “Declarations and Attestations.”  This creates a conscious, informed and consented “Social Scholar,” that is capable of facing the contention in society.  The “Academic Model of Business” looks at marginalization and exploitation and creates justification or truth.  Henceforth approaches can be dualistic in nature.  For example, a, “Social Scholar,” of the entity in the 1990’s can be focusing on marginalization while a “Social Scholar”, the successor in the 2000’s focuses on exploitation.  The appointment of the “Social Scholar” is done via an agency agreement granted by a committee or board of the company in its tribunal via the principles of administrative law.  Such approach to business then originates from Westminster Model of Politics.  What is essentially important here is the individual “capacity” to function the company which essentially is determined via the tribunal.  The “Social Scholar” determines “truths” which serve as an absolute defence to contention.  This is a way by which the entity serves as a measure of “good faith” wherein the “Social Scholar” acts with honesty and integrity.  If the entity penetrates the government, an absolute privilege is created.  This creates “freedom of expression,” where the “Social Scholar” cannot be sued because they are functioning for “the good of society.”  Hence the determination of facts of the matter are crucial to the “Academic Model of Business.”  If however the entity does not penetrate the government, the “Social Scholar” still is granted with a qualified privilege bestowed upon him by the entity.  Essentially such privilege is pursuant to the special interest of the company and statements made are free of malice.  The “Social Scholar” has a duty to care because of the determination of facts.  Such facts that are actioned create legal frameworks by which standards are created.  A standard is when “people are required to have the skills and abilities that one would expect from an expert or professional in that field” (Yates 2017).  “Social Scholars” look at the reasonable person in various phenomena to criticize normativity and operate per the rule of law.  It is a way to innovate in an effort to attract the early and late majority.  Innovation thus creates good will or ongoing relations with its consumers.  For example, the SBU foody goody, is a method by which various cultures can be promoted by making food that is done via recipes that depict what is mass market consumption.  Such recipe is researched upon and serves as a representation of authenticity thus respecting the integrity of the culture of their people hence the good faith.  It is also a SBU that promotes the culture and its place in the world of food via a book “Gateway Foods.”  It is referred to as “gateway foods” because it is a way to introduce the unbeknownst the culture of the food being presented.  This creates “good will.”  By actioning good faith and good will it affects the prima facie in a bid to combat negligence by producing evidence.  Further by determining the facts, evidence and supporting evidence through the process appointed to the “Social Scholar,” res ipsa loquitur is created which means “the facts speaks for themselves.”  This then is backed by the values of the SBU that is being actioned.  Henceforth the “Social Scholar” acts with intention and accountability in a transparent manner so as to not deceive the publics.  Essentially this creates social responsibility a main force of the “Academic Model of Business.” 

WORK CITED

Best Colleges.  (2021).  What Is Tenure? A Look at the Past, Present, and Future.  Retrieved from:  https://www.bestcolleges.com/blog/what-is-tenure/

Up Counsel.  (2021).  Warranty in Contract Law: Everything You Need to Know.  Retrieved from:  https://www.upcounsel.com/warranty-in-contract-law

US Legal.  (2021).  To Wit Law and Legal Definition.  Retrieved from:  https://definitions.uslegal.com/t/to-wit/

Yates, R., et al.  (2017).  Business Law in Canada.  Ontario, Canada.  Pearson.