Customer and Matrix Model in Economics - Coursework Example

Instructional System Design involves identifying the current needs, gaps, and defining the overall goals, thereby creating the best intervention strategies.

Self-efficacy is the strength of an individual's believes in one’s ability to accomplish various tasks in order to achieve the set goals. It is the ability of a person to persist in order to accomplish a certain task.

Customer model-It is a systematic strategy of profiling customers with the aim of understanding their specific behavior, e.g. consumption behavior, tastes and preferences, and change behavior. The model is action-oriented and is mainly used by marketers in order to improve the presence of the business in the market.

Matrix Model-In economics, the matrix model is a reflection of various interrelationships between different economic elements. The model brings together into a single table the balance of output distribution and that of inputs for better analysis.

Virtual Model-It is a digital description of a physical object. The model is mainly used in the creation of 3D features for the purpose of virtualization. This is mainly used in the film industry and architectural sector.

Focus group-It is a strategy used in qualitative research which entails identifying a specific group of study to be analyzed over a specified period of time. The researcher uses the group to study their behavior, perception, or any other topic of study.

On-the-job training-It is training that takes place in a normal working situation. It entails one person showing the other how to complete a specific task more effectively. It is also referred to as direct instruction.

Apprenticeship-It is a form of training the new generation of practitioners which occurs in the normal working environment. It occurs while one is working for an employer who helps the trainee (apprentice) to learn new skills.

Behavioral Modeling-It is an approach to control theory which aims at reducing inconsistencies. Of importance to note about the approach is that it does not differentiate between input and output variables.

Power Distance is the extent to which people at lower level accepts the fact that power is distributed unevenly. Power distance determines how democratic the society is.

Cultural diversity-It is having various cultures which respect each other’s differences. It is having different people who emanate from different cultural backgrounds but tolerate each other’s cultural aspects.

Diversity Training-It is an instructional course that aims at increasing people’s awareness of diverse cultural skills and knowledge. This aims at improving cohesiveness, especially in organizations or society through enabling people to appreciate each other’s cultural elements.

Career management-It is the active planning and management of one’s professional career. This ensures that the person is not diverted from the main structure of achieving the professional goals.