potential output and why actual output can differ from potential output? (2 marks) Potential output is the amount of output that an economy can produce when using its resources such as capital and labour‚ at normal rates. Potential output is not a fixed number but grows over time‚ reflecting increases in both the amounts of available capital and labour and their productivity. As capital and labour can be utilised at greater than normal rates‚ at least for a time‚ a country’s actual output can
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by its differences in thinking style‚ each having it’s own inclination of ontological commitments and theoretical fixations. Modernism acknowledges the existence of reality regardless of whether they are visible or not through the use of common organizational terms such as “organizations”‚ “structure”‚ etc. However the critical theorist critiques this reasoning and concludes that the modernist way of thinking obscure the truth of reality with tainted ideology. Postmodernist thinking refutes this
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communicative competence and ethics. The term “Organizational Effectiveness” can be used interchangeably with the concept of “Organizational Development”‚ especially when used as the name of a department or part of an organization’s Human Resources. Organizational development is an ongoing‚ systematic process to implement effective change in an organization and is known as a field of applied behavioral science focused on understanding and managing organizational change‚ as well as‚ a field of scientific
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Organizational Structure MGT/230 Chipotle’s Organizational Structure The reporting structure is a very important tool in an organization. This structure is a chart that serves as a roadmap of management levels and positions. Every business has a chain of command and it is structured uniquely‚ depending on the organization. The structure of an organization‚ if not built correctly can destroy the organization just like a building with poor architecture. The blueprints clarify and build a strong
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Organizational Metaphors Maria F. Shoemaker South University April 19‚ 2012 Organizational Metaphors The two metaphors that I am about to describe to you are machines and organisms. I am also going to note what each metaphor suggests about how humans and their behavior are perceived in the organization. I will also let you know the similarities and differences in the two metaphors. Also conclude on how the ability to switch between metaphors might enhance effective leadership and organizational
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Organizational Impact Paper Both manufacturing and the service industry drive today’s economy‚ not only domestically but globally. Innovation‚ design‚ and creativity are essential to each organizational type. A company must find its niche and create a name for itself that differentiates itself from all others within its branding. By having the creativity to take another company to the next level all three aspects must be balanced. The restaurant industry is very complex and offers a great variety
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concentrate on the approaches that managers need to have to reduce the negative impact of silo thinking on an organization. ’Silo virus’ describes the shortage of communication and common views across units that currently exist in the business or organizational communities(Schutz & Bloch‚ 2006‚ p. 32). Its name stems from the farm storage silo(Hotăran‚ 2009). If two people are inside of two silos that are right next to one another‚ they are unable to communicate as the silos are tall and airtight(Hotăran
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INTRUDUCTION It has been argued that if organizational decisions and managerial actions are deemed unfair or unjust‚ the affected employees experience feelings of anger‚ outrage and resentment; There is also evidence that disgruntled employees retaliate to Organizational Injustice‚ directly: e.g.‚ by theft‚ vandalism and sabotage or indirectly by withdrawal and resistance behavior. Engaging in socially responsible behavior has been a great concern to leaders of Today’s organizations. Here again
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ORGANIZATIONAL HEROES: COMMUNICATING WHAT MATTERS MOST EXECUTIVE OVERVIEW Who are our organizational heroes? What makes an organizational hero? And why do we need heroes in the organization? We attempted to find the answers from a group of middle-level executives in Hong Kong. They were asked to identify critical incidents showing behaviors of their bosses‚ peers‚ or ordinary employees who have acted in ways perceived as being "heroic." The respondents represent a broad sample of companies
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• 1. Organizational Behavior • 2. Organizational Behavior is a field of study that investigates the impact that individuals‚ groups‚ and structure have on behavior within organization for the purpose of applying such knowledge toward improving an organization’s effectiveness. Definition… • 3. OB is a field of study… Means a distinct area of expertise with a common body of knowledge Organizational Behavior is a field of study that investigates the impact that individuals‚ groups‚ and
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