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It is these shared patterns that make individuals identify with a particular group and not another. Attitude also affects the individual behavior in the sense that it is representative of the individual’s state of mind. It shows an individual’s like or dislike and, therefore, prior to any undertaking the outcome of any undertaking is likely to be a product of the attitude. Values are another factor. These are the beliefs that an individual or a certain group has towards a general idea. Having values or principles determines the ethical code of conduct and by extension determines the amount of emotional investment that can be for or against an idea (Volker, 32). Finally, the authority also shapes individual behavior in the sense that depending on the way it is used. This can be attained by cohesion or even convincing a person to carry out an activity. When cohesion is applied, it will in most cases narrow down the options available to the one carrying out the order. In most cases when pushed to the wall, the end will always justify the means.
It is of great significance to study individual behavior so as to understand one’s own behavior pattern and how it affects day to day interactions. Besides, it allows for the opportunity to make informed choices for corrective measures so as to develop appropriate behavior pattern, not just for personal effectiveness but social effectiveness as well (Volker, 36).
In explaining individual behavior, two models have been considered in this case. MARS model of individual behavior, also called MARS BAR explains individual behavior due to both internal and external factors. A breakdown of the acronym is motivation, abilities, role perception and situational factors. They constitute the four major factors that affect individual behavior and outcomes. This model is applicable to many cases but is often used in management,
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For instance, Adam Smith’s theory of the invisible hand argues that when people engage in business and selling they are governed by the invisible hand of the market that helps regulate prices and ensures that businesses and people act in certain ways. Indeed, the nature of economics is like psychology in that it presents theories of human behavior.
IV. Roles of the CHA Board ? What skills will they need ? How many Board Members should there be ? Introduction The CHA completed its Corporate Strategy and Business Plan utilizing the SWOT Analysis Technique. In order to learn from the SWOT Analysis done by the CHA, research and review of the principles of that technique was actually performed.
2. Discussion According to the main growth models, the two major alternative two main alternative determinants of economic growth have been suggested as Total Factor Productivity (TFP) and factor accumulation (Solow, 1957). According to the dependency theories of growth, there are two groups of nations, one being the core group consisting of the developed nations and the other being the periphery, consisting of the less developed nations (Uche, 1994).
The microfinance model does not pay attention to the crucial roles dictated by scale economies. By definition, microfinance results in micro-enterprises and this means that agricultural units and enterprises that are small in size often operate under efficient and effective scales.
The essay emphasizes in the role undertaken by government and monetary authorities in the economy to maximize social welfare. It also throws light on the recent strategic tools of business adopted by the entrepreneurs in the market. Part I Keynesian Theory John Maynard Keynes was a British economist, his theories and ideas have fundamentally influenced modern macroeconomics.
sought to apply a broader theoretical and conceptual tradition of economic thought by placing emphasis on neo-classical synthesis – a combination of neo-classical economics and Keynesian economics.
Conservative economics is based on Milton Friedman’s teachings and
s the above figure illustrates, if there is a supply shock in an economy (such as increase in the price of oil, labor or other costs that increase the cost of doing business), the short run AS curve shifts to the left. The real GDP decreases from Q to Q’ and the price level
These tools enable professional mainstream economists to address various economic issues facing the world. Mainstream economics is about modeling in a way that traditional or heterodox economics is not. It originated from the neoclassical synthesis of the neoclassical
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