JOB SATISFACTION AND DISSATISFACTION By Bambang Fahruddin‚ S.Pd Posted: May 29th‚ 2008 INTRODUCTION The discussion of job satisfaction and dissatisfaction is largely generated from the theories proposed by Maslow which is known with the so call “the needs theory” and Herzberg’s theory that is called “two-factor theory” or “hygiene theory”. Both job satisfaction and dissatisfaction are assumed critical for the organizations to manage since they absolutely affect the productivity as well as the
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be directly related to employee’s motivation. Motivation has being used by efficient managers to prompt common people to achieve uncommon results in the entire field of activities. Employees go from need to motive to behavior to consequences to satisfaction to dissatisfaction in the motivation process. The American Heritage Dictionary of the English Language (2006) defines employees‚ “As a person who works for another in return for financial or other means of returns”.
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ADAM SMITH AND THE INVISIBLE HAND By: Lucy Jarvie Class: Fundamentals of Macroeconomics Professor: Ken Baldwin Date: November 17th‚ 2010 Adam Smith was considered to be the founder of modern economics. He was the innovator of capitalism and free markets which are explained in his 1775 book‚ “The Wealth of Nations”. Adam Smith was a positive influence on the structure of our economy as we know it today. Smith opposed government intervention with businesses and noted that self interest‚ completion
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According to Adam Smith‚ self-interest should not be denied. In the ‘Wealth of Nations’‚ he asserts that self-interest in the market is to encourage the growth of society through the division of labour and the maximization of wealth. For him‚ self-interest is enough to motivate the exchange of goods. The butcher-brewer-baker example (p.19) says that their willingness to offer us a meal is dependent upon their own interests‚ not their kindness. Coase agrees in principle‚ stating (p.534) that the
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Modern Applied Science; Vol. 6‚ No. 7; 2012 ISSN 1913-1844 E-ISSN 1913-1852 Published by Canadian Center of Science and Education Job Satisfaction of Faculty Members of Universities in Pakistan: A Case Study of University of Sindh-Jamshoro Anwar Ali Shah G. Syed1‚ Nadeem Bhatti2‚ Sabir Michael3‚ Faiz M. Shaikh4 & Hina Shah5 1 2 3 4 5 Business Administration & Pro-Vice Chancellor‚ University of Sindh‚ Jamshoro‚ Pakistan Head of Faculty‚ North American College‚ Toronto‚ Ontario‚ Canada PAF
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Adam Smith: The Father of Modern Economics & Capitalism Adam Smith’s real birth date is unknown‚ but it is inferred that he was born in June 1723 in the port town of Kirkcaldy on the eastern shore of Scotland because of his baptism date. He was said to be born with naturally talented oratory and writing skills so his mother decided to put them to use by giving him an education. When he turned 14 he was taken to Glasgow College where he studied philosophy and economics‚ Adam Smith further matured
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1.EXPLORE THE ORGANIZATIONAL STRUCTURE AND CULTURE WITHIN ORGANIZATIONAL ENVIRONMENT 1.1 Organizational structure refers to the way in which people and jobs are arranged within the organization in order to assist the organization in meeting its goals and performing its tasks. Typical organizational structures include hierarchal structures‚ strategic business units and simple structures. Tesco operates using four strategic business units – Core UK‚ which handles United Kingdom grocery operations
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explanations for Job Satisfaction Introduction Nowadays job satisfaction is considered to be the one of the most complex and significant issues of organizational behavior. The companies are interested in such researches‚ because in modern world with its rapidly changing economic situation the human resources become the organization’s key asset. And during the last years this issue attracts more and more attention of employers‚ as the different surveys proved that low level of job satisfaction can result
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Case Study/Analysis “A Day in the Life of Alex Sander: Driving in the Fast Lane at Landon Care Products” Situation/Analysis: Alex Sander is the newest and youngest product manager in the Toiletries Division of Landon Care Products‚ Inc.‚ a cosmetics product company located in Connecticut. At 32 years of age‚ Alex is aggressive‚ driven‚ and an extremely hard worker. Alex is educated‚ obtaining his MBA from MIT Sloan‚ as well as an undergraduate BA degree in Economics from Stanford. When he joined
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What principles of political economy did Adam Smith set out in the ’Wealth of Nations’? Adam Smith believed solely the market operates in accordance to the wishes and decisions of free individuals. Smith put forward the theory of the ’economic man’‚ he used this notion to describe human beings as being essentially egotistical and bent on material acquisition. Smith set out in the ’Wealth of Nations’ that there is a natural ’harmony of interest’ between individuals in the market. In his famous notion
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