The purpose of a model is to lay a framework that defines the characteristics and boundaries of an argument.
Theories are used to develop and explain particular models and distinguish them from each other.
Normally, theories form the basis for the development of the model, and the model embodies the specific theories used in developing it. Therefore, the two work together.
Empirical data is data that is obtained by performing some systematic measurement, test or evaluation and it is found in a research or experiment.
Anecdotal evidence is evidence that is obtained from the observation of an event or personal experience. They are found in the normal life experiences and documented events.
Logical arguments are arguments that are based on substantive facts. They are formed by relating two or more premises to make a deduction.
According to the market capitalism model, a business that is operating within an environment responds to powerful economic forces. Moreover, it is protected from direct social and political forces in the environment it operates. Markets are able to allocate goods and services using the law of supply and demand. Notably, the model works under the assumption that the government has little interference on the market.
In dominance model, corporations and a few powerful people create power and wealth that enrich a few at the expense of the majority. Standard Oil Company in the nineteenth century bought the politicians, exploited workers, and monopolized markets.
According to countervailing forces model, business interacts with major elements of the society. Importantly, this model acknowledges that both economic and non-economic factors influence a business.
The stakeholder theory is founded on the ethical theory of management that requires an organization to consider each stakeholder. In light of this, managers have a duty of considering the interests of each stakeholder.
In undifferentiated individual ontology, a human being is assumed to be an imperfect copy of a metaphysical source that is whole and complete. In addition, there is a claim that reality is a unity and there can be only one truth. Further, this ideology opines that there is a complete unity of both divine and mundane elements in the universe.
In differentiated individual ontology, the human being is perceived as being an independent psychophysical source that is whole and complete. In addition, there is a uniqueness that sets individuals apart with the assumption that they are entirely on their own.
In undifferentiated relational ontology, the human being is perceived as being an evolving expression of a metaphysical source that expresses itself throughout creation. The source of being is beyond and within all beings.
In differentiated relational ontology, the human being is thought to be an evolving and unique expression of a complex, relational multidimensional source. The source of being is within all beings but are different and unique in their expression.