List and contrast the advantages and disadvantages of Individualism versus Collectivism.
Some of the advantages with individualism: High level of entrepreneurship, According to Aristotle communal property receives little care, whereas property owned by and individual receives the best care.
Also individual achievement is more common. The disadvantages: Can create a lack of company loyalty, competition between individuals in a company instead of team building, less ability to develop a strong network of contacts within the firm.
Advantages of Collectivism: Discourages job switching between firms, encourages lifetime employment systems, and leads to cooperation in solving business problems. Disadvantages: Might suppress individual creativity and initiative, an individuals rights may be restricted on the grounds that it runs counter to "the good of society" or to "the common good."