Showing posts with the label psychological theory

Is Time and Choice the Fundamental Components of Economic Development?

Development of financial success rests in part in the psychological functioning of individuals engaged within the market. A paper by Raines and Leathers (2011) helps understand how and why markets have under defined psychological components and how these components influence the economic system. They base their analysis on post-Keynesian economics, group experimental psychology, and the works of John Galbraith. At the very core of economic development may be the concept of choice? Economic markets are not perfectly predictable as history has shown that even some of the best analysis has failed at one time or another. Mathematical explanations alone are not yet sufficient for the overall understanding and prediction of markets. Keynes observed that even though mathematics is helpful many economic choices are made on the micro level based upon alternatives. Sometimes people may rely only on wishful thinking.  If we think of a large economic system we might be surprised that it

Growing Global Brands-Understanding International Culture

artwork by Dr. Murad Abel With pressed three piece suits and blazing red ties they look out over the ocean and wonder just how far they need to travel to sell products in lands yet untapped. It wasn’t long ago they built towers where their grandfathers once tilled tobacco, corn, and beans. The montblanc pens are not yet dry but the ideas have long been spent. Just beyond their reach, opportunities again bound but the paths are now covered in asphalt trails that lead back to where brick and mortar ends. Just beyond that wall is something new, a place to gain footing, a vine perhaps that is hardy enough to tow products world round.   Once again the good times could roar if shined shoes are scuffed in the knee deep fields of prosperity.    Executives seek once again to find new opportunities to grow their businesses and create expanding opportunities. The global marketplace requires new theoretical lenses that are much sharper than the theories of the past. Global product posi

Book Review: Performance Improvement Pathfinders

Performance Improvement Pathfinders: Models for Organizational Learning Systems offers an excellent overview of models for organizational intellectual development.   A number of industry experts and doctors have come together to create this fundamental book that every aspiring manager should read.   Topics include the importance of performance improvement, human performance models, language, and performance management. Managers and business leaders will find important information in this work as they seek to raise the performance and profit margins of their organizations.  Readers will be brought through important concepts such as the early work of B.F. Skinner and Susan Markle, the concept of behavioral engineering, five principles of employee performance, management revolution, performance improvement models, environmental factors, assessment, language and workplace interventions. As you can tell from the general concepts covered the book provides a strong overview of basic