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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August 31,1W2 Das Tor Page3

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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.

This will be my scowl term as Editor in Chief of DasTor, fourth wm as a Tbiid, and it is my goal to provide you with a lively, interesting, entertaining, and worthwhile newspaper. However, to accomplish this goal | we must have your help.

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ng. or rrdsstatements or misleading. All we ask is that in such cases, please jear in mind that we are trying our best to be impartial and present all sides of I anissue. Weanerr^tocon^^dydivofX£ourownopinions(ex olumn of mine) from what is presented in the paper. If you disagree with

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We nope that throughout the term you wiD look ftrwad to Mondays I when you can read this newspaper and find out what is happening on campus. I and in the rest of the world If you want to become an active freelance writer, I jlease come to the meeting tonight at 6pm in the Das Tor offices. Wearel

I ways seeking good writers, cartoonists, humorists, and photographers. And I you are at all inclined to become active on this campus, maybe gain

jcperience for a future ASLC seat or just want to help your colleagues. Das | or is a good proving ground.

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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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* 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