Having knowledge of a system and its development will contribute to a well-managed organization. Keeping up to date on community needs, technology, consumer demands, and economic perspectives influence organizations to be in a better position to fulfill their mission to improve technology and service quality. Having this knowledge, an organization can be in a better position to fulfill the organizational mission. Conducting in depth surveys, receiving information on the shifting behavior of the American workforce, building research that examines and defines what drives and motivate workers, and the response to the worsening economical and employment outlook, will provide valuable insight on recruiting, motivating, and retaining its employees. According to www.investopedia.com, fiscal policy is "government spending policies that influence macroeconomic conditions. These policies affect tax rates, interest rates, and government spending, in an effort to control the economy." Fiscal policies are a much broader topic than that because although the government can influence the economy and productivity levels, individual public and private organizations can have their own fiscal policies. Organizational behavior can be affected by how conservative or aggressive its fiscal policy is and it relates to success in achieving its goals. An example of fiscal policy on a small scale is how a finance department can write off invoices up to a certain amount. Anything
References: Heakal, R. (2004). What is fiscal policy? Retrieved Nov. 03, 2005, from Investopedia.com Web site: http://investopedia.com/. Schermerhorn, J.R., Hunt, J.G., & Osborn, R.N.(2005). Organizational Behavior (9th ed.). Retrieved October 30, 2005, from University of Phoenix rEsource.