Group Dynamics Essay Example for Free

Group Dynamics Essay What is â€Å"group dynamics†? Perhaps it will be most useful to start by looking at the derivation of the word â€Å"dynamics†. It comes from a Greek word meaning force. In careful usage the phrase, â€Å"group dynamics† refers to the forces operating in groups. The investigation of group dynamics, then, consists of a study of these forces: what gives rise to them, what conditions modify them, what consequences they have, etc. The practical application of group dynamics (or the technology of group dynamics) consists of the utilization of knowledge about these forces for the achievement of some purpose. In keeping with this definition, is not particularly novel, nor is it the exclusive property of any person or institution. It goes back at least to the outstanding work of men like Simmel, Freud, and Cooley. Although interest in groups has a long and respectable history, the past fifteen years have witnessed a new flowering of activity in this field. Today, research centers in several countries are carrying out substantial programmes of research designed to reveal the nature of groups and of their functioning. The phrase â€Å"group dynamics† had come into common usage during this time and intense efforts have been devoted to the development of the field, both as a branch of social science and as a form of social technology. In this development the name of Kurt Lewin had been outstanding. As a consequence of his work in the field of individual psychology and from his analysis of the nature of pressing problems of the contemporary world, Lewin became convinced of society’s urgent need for a scientific approach to the understanding of the dynamics of groups. In 1945 he established the Research Center for Group Dynamics to meet this need. Since that date the Centre has been devoting its efforts to improving our scientific understanding of groups through laboratory experimentation, field studies, and the use of techniques of action research. It has also attempted in various ways to help get the findings of social science more widely used by social management. Much of what I have to say in this paper is drawn from the experiences of this Center in its brief existence of a little more than five years. We hear all around us today the assertion that the problems of the twentieth century are problems of human relations. The survival of civilization, it is said, will depend upon man’s ability to create social interventions capable of harnessing, for society’s constructive use, the vast physical energies now at man’s disposal. Or, to put the matter more simply, we must learn how to change the way in which people behave toward one another. In broad outline, the specifications for a good society are clear, but a serious technical problem remains: How can we change people so that they neither restrict the freedom nor limit the potentialities for growth of others; so that they accept and respect people of different religion, nationality, colour, or political opinion; so that nations can exist in a world without war, and s that the fruits of our technological advances can bring economic well-being and freedom from disease to all people of the world? Although few people would disagree with these objectives when stated abstractly, when we become more specific, differences of opinion quickly arise. These questions permit no ready answers. How is change to be produced? Who is to do it? Who is to be changed? Before we consider in detail these questions of social technology, let us clear away some semantic obstacles. The word â€Å"change† produces emotional reactions. It is not a neutral word. To many people it is threatening. It conjures up visions of a revolutionary, a dissatisfied idealist, a trouble-maker, a malcontent. Nicer words referring to the process of changing people are education, training, orientation, guidance, indoctrination, therapy. We are more ready to have others â€Å"educate† us than have them â€Å"change† us. We, ourselves feel less guilty in â€Å"training† others than in â€Å"changing† them. Why this emotional response? What makes the two kinds of words have such different meanings? I believe that a large part of the difference lies in the fact that the safer words (like education and therapy) carry implicit assurance that the only changes produced will be good ones, acceptable within a currently held value system. The cold, unmodified word â€Å"change†, on the contrary, promises no respect for values; it might even tamper with values themselves. perhaps for this very reason it will foster straight thinking if we use the word â€Å"change† and thus force ourselves to struggle directly and self-consciously with the problems of value that are involved. Words like education, training, or therapy, by the very fact that they are not so disturbing, may close our eyes to the fact that they too inevitably involve values. How can we change people so that they neither restrict the freedom nor limit the potentialities for growth of others; so that they accept and respect people of different religion, nationality, colour, or political opinion; so that nations can exist in a world without war, and so that the fruits of our technological advances can bring economic wellbeing and freedom from disease to all people of the world? The proposal that social technology may be employed to solve the problems of society suggests that social science may be applied in ways not different from those used in the physical sciences. Does social science, in fact, have any practically useful knowledge which may be brought to bear significantly on society’s most urgent problems? What scientifically based principles are there for guiding programmes of social change: In this paper we shall restrict our considerations to certain parts of a relatively new branch of social science known as â€Å"group dynamics†. We shall examine some of the implications for social action which stem from research in this field of scientific investigation. Consider first some matters having to do with the mental health of an individual. We can all agree, I believe, that an important mark of a healthy personality is that the individual’s self-esteem has not been undermined. But on what does self-esteem depend? From research on this problem we have discovered that, among other things, repeated experiences of failure or traumatic failures on matters of central importance serve to undermine one’s self-esteem. We also know that whether a person experiences success or failure as a result of some undertaking depends upon the level of aspiration which he has set for himself. Now, if we try to discover how the level of aspiration gets set, we are immediately involved in the person’s relationships to groups. The groups to which he belongs set standards for his behaviour which he must accept if he is to remain in the group. If his capacities do not allow him to reach these standards, he experiences failure, he withdraws or is rejected by the group and his self-esteem suffers a shock. Consider a second example. A teacher finds that in her class she has a number of trouble-makers, full of aggression. She wants to know why these children are so aggressive and what can be done about it. A foreman in a factory has the same kind of problem with some of his workers. He wants the same kind of help. The solution most tempting to both the teacher and the foreman often is to transfer the worst trouble-makers to someone else, or if facilities are available, to refer them for counselling. But is the problem really of such a nature that it can be solved by removing the trouble-maker from the situation or by working on his individual motivations and emotional life? What leads does research give us? The evidence indicates, of course, that there are many causes of aggressiveness in people, but one aspect of the problem has become increasingly clear in recent years. If we observe carefully the amount of aggressive behaviour and the number of trouble-makers to be found in a large collection of groups, we find that these characteristics can vary tremendously from group to group even when the different groups are composed essentially of the same kinds of people. In the now classic experiments of Lewin, Lippitt and White (1939) on the effects of different styles of leadership, it was found that the same group of children displayed markedly different levels of aggressive behaviour when under different styles of leadership. Moreover, when individual children were transferred from one group to another, their levels of aggressiveness shifted to conform to the atmosphere of the new group. Efforts to account for one child’s aggressiveness under one style of leadership merely in terms of his personality traits could hardly succeed under these conditions. This is not to say that a person’s behaviour is entirely to be accounted for by the atmosphere and structure of the immediate group, but it is remarkable to what an extent a strong, cohesive group can control aspects of a member’s behaviour traditionally thought to be expressive of enduring personality traits. Recognition of this fact rephrases the problem of how to change such behaviour. It directs us to a study of the sources of the influence of the group on its members. Within very recent years some research data have been accumulating which may give us a clue to the solution of our problem. In one series of experiments directed by Lewin, it was found that a method of group decision, in which the group as a whole made a decision to have its members change their behaviour, was from two to ten times more effective in producing actual change as was a lecture presenting exhortation to change (Lewin, 1951). We have yet to learn precisely what produces these differences of effectiveness, but it is clear that by introducing group forces into the situation a whole new level of influence has been achieved. The experience has been essentially the same when people have attempted to increase the productivity of individuals in work settings. Traditional conceptions of how to increase the output of workers have stressed the individual: * Select the right man for the job * Simplify the job for him * Train him in the skills required * Motivate him by economic incentives * Make it clear to whom he reports * Keep the lines of authority and responsibility simple and straight. But even when all of these conditions are fully met we find that productivity is far below full potential. There is even good reason to conclude that this individualistic conception of the determinants of productivity actually fosters negative consequences. The individual, now isolated and subjected to the demands of the organization through the commands of his boss, finds that he must create with his fellow employees informal groups, not shown on any table of organization, in order to protect himself from arbitrary control of his life, from the boredom produced by the endless repetition of mechanically sanitary and routine operations, and from the impoverishment of his emotional and social life brought about by the frustration of his basic needs for social interaction, participation, and acceptance in a stable group. Recent experiments have demonstrated clearly that the productivity of work groups can be greatly increased by methods of work organization and supervision which give more responsibility to work groups, which allow for fuller participation in important decisions, and which make stable groups the firm basis for support of the individual’s social needs (Coch French, 1948). It is points out future research will also demonstrate that people working under such conditions become more mature and creative individuals in their homes, in community life, and as citizens. A few years ago the Research Center for Group Dynamics undertook to shed light on this problem by investigating the operation of a workshop for training leaders in intercultural relations (Lippitt, 1949). In a project, directed by Lippitt, they set out to compare systemically the different effects of the workshop upon trainees who came as isolated individuals in contrast to those who came as teams. Six months after the workshop, however, those who had been trained as isolates were only slightly more active than before the workshop whereas those who had been members of strong training teams were now much more active. They do not have clear evidence on the point, but they are quite certain that the maintenance of heightened activity over a long period of time would also be much better for members of teams. For the isolates the effect of the workshop had the characteristic of a â€Å"shot in the arm† while for the team member it produced a more enduring change because the team provided continuous support and reinforcement for its members. What conclusions may we draw from these examples? What principles of achieving change in people can we see emerging? To begin with the most general position, we may state that the behaviour, attitudes, beliefs, and values of the individual are all firmly grounded in the groups to which he belongs. How aggressive or cooperative a person is, how much self-respect and self-confidence he has, how energetic and productive his work is, what he aspires to, what he believes to be true and good, whom he loves or hates, and what beliefs and prejudices he holds—all these characteristics are highly determined by the individual’s group memberships. In a real sense, they are properties of groups and of the relationships between people. Whether they change or resist change will, therefore, be greatly influenced by the nature of these groups. Attempts to change them must be concerned with the dynamics of groups. In examining more specifically how groups enter into the process of change, we find it useful to view groups in at least three different ways. In the first view, the group is seen as a source of influence over its members. Efforts to change behaviour can be supported or blocked by pressures on members stemming from the group. To make constructive use of these pressures the group must be used as a medium of change. In the second view, the group itself becomes the target of change. To change the behaviour of individuals it may be necessary to change the standards of the group, its style of leadership, its emotional atmosphere, or its stratification into cliques and hierarchies. Even though the goal may be to change the behaviour of individuals, the target of change becomes the group. In the third view, it is recognized that many changes of behaviour can be brought about only by the organization efforts of groups as agents of change. A committee to combat intolerance, a labour union, and employers association, a citizens group to increase the pay of teachers—any action group will be more or less effective depending upon the way it is organized, the satisfactions it provides to its members, the degree to which its goals are clear, and a host of other properties of the group.

Airline Industry Essay -- Transportation, Commercial Aviation

One of the world’s most competitive and prominent industries is the airlines industry. It generates huge amounts of income as well as employment each year. Some of the common names in US air travel service providers are Alaska, Northwest, Southwest, US airways, American etc. According to the latest statistics given by the International Air Transport Association (IATA), the airline sector will post a profit of $9 billion in 2011. After the recent credit crunch, economies are now coming back to normal, business travel is increasing and investments in the airlines are now rising. Political/Legal influences Privatization Over the years airlines have undergone large-scale privatization; previously a significant portion of airlines industry was government-owned. Privatizing the industry has led to drastic increase in the number of air service providers and the airline travellers. Legal provision Civil Aeronautics Board (CAB) was established to control the activities of the commercial Airline industry; it used to set the rates and even the mergers in the industry till the first forty years after its establishment. Then Airline Deregulation Act 1978 was adopted to make the industry more efficient and privately owned. This act removed the powers of CAB, subsequently CAB was wound up in 1984. This act still gives the authority of regulating air safety to government through Federal Aviation Administration. All airlines need to have 2 certificates: 1. Fitness certificate (issued by Department Of Transportation): To ensure the airline is financially and management-wise strong enough to carry on the services adequately. 2. Operating certificate (issued by Federal Aviation Administration): To ensure that the airline maintains it cre... ...er before. Manufacturers of large aircrafts are conducting large scale outsourcing of key components especially from japanese manufacturers. Better communication Over the years, airlines have introduced new ways of adding value to the firm, for instance online reservation system and forwarding information to the system have opened new avenues to reach customers. (Lars Perner, 2007). Improvements in air-traffic management are also being implemented to ensure flight safety and cordination among aircrafts and various aviation companies (Capoccitti, Khare, & Mildenberger, 2010 ). The role of research in military technology has contributed a lot to the commercial jets (Collopy, 2004). The commercial airline industry has gone way ahead than the military aircraft industry, due to its public outreach. However the technology in military aircrafts is still way ahead.

Microeconomics

Question 1) With examples give 5 reasons why the study of microeconomics is important. Microeconomics is a field of economic study that focuses on how an individual's behaviour and decisions affect the supply and demand for goods and services. For the purpose of microeconomics, the actions of individuals, households and businesses are crucial, unlike the study of macroeconomics, which focuses on national and international economic trends. Despite the differences between the two fields, however, micro-level trends and the study of microeconomics are considered the basis of modern macroeconomics.Macroeconomics is concerned with the big picture, for example, the national economy and gross domestic product. By contrast, microeconomics is concerned with the small picture and focuses on theories of supply and demand. Firstly, microeconomics is very important in business, especially when it comes to a new business. Entrepreneurs create businesses by purchasing and utilizing factors of produ ction. In order to estimate the potential return on investment (ROI) of those factors of production, entrepreneurs must have a basic knowledge of microeconomic concepts such as supply, demand, cost and profit.Without the basics of microeconomics, it is impossible to know how much a particular good can be sold for in a particular area. Furthermore, without microeconomic basics on costs and earnings, it is impossible to estimate ROI, thus will lead to poor financial investments. Microeconomics is very useful in business decision making. It helps business to achieve maximum production with the given amount of resources. Business firms can make decisions in demand analysis, cost analysis and methods of calculating prices.Second, marketing people must have a basic understanding of microeconomics so that they can set prices for products and decide in which markets to sell those products. For example, with an understanding of microeconomics, a computer company marketing manager can advise the CEO to start allowing instalment payments in case of an economic downturn, thus recovering business from customers hit hard by the recession. A marketing manager without a sense of economics might not realize that such options are available. Third, microeconomics is important when it comes to management.Managers must understand the concept of return on investment (ROI) when setting salaries for new hires, as employees are supposed to generate profits for the company. Managers must also have an understanding of microeconomics when making general budget decisions. A project shouldn't be given a budget that exceeds what the project is expected to produce in future earnings. These kinds of decisions are based on the microeconomic concepts of cost, revenue and profit. Fourth, Finance and Accounting also requires the understandings of microeconomics.Finance people probably use microeconomics more than anyone else in business. Financial analysts use microeconomic and macroeconomic theo ries in order to forecast the future value of financial assets. For example, gold, stocks, bonds and other investments. A securities analyst might use microeconomic data to determine the change in income of people in a given country, then use the microeconomic concept of â€Å"price elasticity of demand† for the responsiveness of consumer demand to changes in consumer income and to determine whether the price of a given asset will rise or fall in that country.Accountants use financial ratios that are derived from microeconomics. Lastly, the understanding of microeconomic is needed to provide tools for economic policies. Microeconomic helps to impose tax rates by analyzing the demand and supply factors. It also helps to determine the government policies on the resource allocation and pricing. Government also make policies to control the prices of goods by using the theory of price ceiling and price floor. By understanding microeconomics, we can examine the implications and eff ectiveness of the government policies. Question 2) Define â€Å"ceteris paribus â€Å".Explain why the device of ceteris paribus is so important in economics. Ceteris Paribus is a Latin phrase that translates approximately to â€Å"holding other things constant† and is usually rendered in English as â€Å"all other things being equal†. In Economics the term â€Å"Ceteris Paribus† is used quite often to assume all other factors to remain the same, while analysing the relationship between any two variables. For example, when discussing the laws of supply and demand, one could say that if demand for a given product outweighs supply, ceteris paribus, prices will rise.Here, the use of â€Å"ceteris paribus† is simply saying that as long as all other factors that could affect the outcome such as the existence of a substitute product remain constant, prices will increase in this situation. One of the disciplines in which ceteris paribus are most widely used is economics, in which they are employed to simplify the formulation and description of economic outcomes and the theoretical relationship of cause and effect. When using ceteris paribus in economics, assume all other variables except those under immediate consideration are held constant.For example, it can be predicted that if the price of beef increases, ceteris paribus, the quantity of beef demanded by buyers will decrease. In this example, the clause is used to operationally describe everything surrounding the relationship between both the price and the quantity demanded of an ordinary good. This operational description intentionally ignores both known and unknown factors that may also influence the relationship between price and quantity demanded, and thus to assume ceteris paribus is to assume away any interference with the given example.Such factors that would be intentionally ignored include the relative change in price of substitute goods like the price of beef vs. chicken, t he level of risk dislikes among buyers like the fear of mad cow disease, and the level of overall demand for a good regardless of its current price level like a societal shift toward vegetarianism. If we try to establish the relationship between demand and price, there may be other variables which may also influence demand besides price. The influence of other factors may invalidate the hypothesis that quantity demanded of a commodity is inversely related to its price.If rise in price takes place along with an increasing in income or a change technology, then the effect of price change may not be the same. However, the assumption that the other variables are unchanged will eliminate the interrupting influences of other variables. Ceteris Paribus is important in economics as it is an assumption which we are bound to make when there are complexities in the reality. It is necessary for the sake of convenience. The limitations of human intelligence and capacity compel us to make this as sumption.Besides, without the assumption we cannot reach on economic relations, sequences and conclusions. In fact, there are large numbers of variables interacting simultaneously at a given time. If our analysis has to be accurate we may have to examine two variables at a time which makes it inevitable to assume other variables to remain unchanged. For the ceteris paribus assumption, let’s take for example by assuming an economist examines a model explaining the relationship between the price and quantity purchased of Coca-Cola. The theory is â€Å"if the price increases, then the quantity of Coca-Cola decreases, ceteris paribus. Now assume the process of Coca-Cola was observed to increased one summer and some people actually bought more, not less. Based on this real-world observation, you would declare the theory is wrong but actually the economist responds that this is a reasoning pitfall because the model is valid based on the assumption of ceteris paribus, and your obse rvation gives no reason to reject the model. The reason the model appeared flawed is because another factor which is a sharp rise in the temperature. The rise in temperature caused people to buy more Coca-Cola in spite of its higher price.If the temperature and all other factors were held constant as the price of Coca-Cola rises, then people indeed would buy less Coca-Cola, as the model predicts. Therefore, the assumption that the other variables are unchanged will eliminate the interrupting influences of other variables. As a conclusion, ceteris paribus is important as it enhances our understandings towards the theoretical relationship of cause and effect as we can analyse the relationship between two variable without having any other variable influencing the results.The assumption of Ceteris Paribus eliminates the influence of other factors which may get in the way of establishing a scientific statement regarding the behaviour of economic variables. References Question 1 reference : Importance of microeconomics, http://www. slideshare. net/tribhuwan64/presentation-on-importance-of-microecon omics Importance of microeconomics, http://www. ehow. com/info_8301181_importance-microeconomics-business. html Question 2 reference: Microeconomics for Today, books. google. com. my/books? isbn=0538469447 Basic Tools in Economics, http://wikieducator. org/Basic_Tools_in_Economic_Analysis Microeconomics Question 1) With examples give 5 reasons why the study of microeconomics is important. Microeconomics is a field of economic study that focuses on how an individual's behaviour and decisions affect the supply and demand for goods and services. For the purpose of microeconomics, the actions of individuals, households and businesses are crucial, unlike the study of macroeconomics, which focuses on national and international economic trends. Despite the differences between the two fields, however, micro-level trends and the study of microeconomics are considered the basis of modern macroeconomics.Macroeconomics is concerned with the big picture, for example, the national economy and gross domestic product. By contrast, microeconomics is concerned with the small picture and focuses on theories of supply and demand. Firstly, microeconomics is very important in business, especially when it comes to a new business. Entrepreneurs create businesses by purchasing and utilizing factors of produ ction. In order to estimate the potential return on investment (ROI) of those factors of production, entrepreneurs must have a basic knowledge of microeconomic concepts such as supply, demand, cost and profit.Without the basics of microeconomics, it is impossible to know how much a particular good can be sold for in a particular area. Furthermore, without microeconomic basics on costs and earnings, it is impossible to estimate ROI, thus will lead to poor financial investments. Microeconomics is very useful in business decision making. It helps business to achieve maximum production with the given amount of resources. Business firms can make decisions in demand analysis, cost analysis and methods of calculating prices.Second, marketing people must have a basic understanding of microeconomics so that they can set prices for products and decide in which markets to sell those products. For example, with an understanding of microeconomics, a computer company marketing manager can advise the CEO to start allowing instalment payments in case of an economic downturn, thus recovering business from customers hit hard by the recession. A marketing manager without a sense of economics might not realize that such options are available. Third, microeconomics is important when it comes to management.Managers must understand the concept of return on investment (ROI) when setting salaries for new hires, as employees are supposed to generate profits for the company. Managers must also have an understanding of microeconomics when making general budget decisions. A project shouldn't be given a budget that exceeds what the project is expected to produce in future earnings. These kinds of decisions are based on the microeconomic concepts of cost, revenue and profit. Fourth, Finance and Accounting also requires the understandings of microeconomics.Finance people probably use microeconomics more than anyone else in business. Financial analysts use microeconomic and macroeconomic theo ries in order to forecast the future value of financial assets. For example, gold, stocks, bonds and other investments. A securities analyst might use microeconomic data to determine the change in income of people in a given country, then use the microeconomic concept of â€Å"price elasticity of demand† for the responsiveness of consumer demand to changes in consumer income and to determine whether the price of a given asset will rise or fall in that country.Accountants use financial ratios that are derived from microeconomics. Lastly, the understanding of microeconomic is needed to provide tools for economic policies. Microeconomic helps to impose tax rates by analyzing the demand and supply factors. It also helps to determine the government policies on the resource allocation and pricing. Government also make policies to control the prices of goods by using the theory of price ceiling and price floor. By understanding microeconomics, we can examine the implications and eff ectiveness of the government policies. Question 2) Define â€Å"ceteris paribus â€Å".Explain why the device of ceteris paribus is so important in economics. Ceteris Paribus is a Latin phrase that translates approximately to â€Å"holding other things constant† and is usually rendered in English as â€Å"all other things being equal†. In Economics the term â€Å"Ceteris Paribus† is used quite often to assume all other factors to remain the same, while analysing the relationship between any two variables. For example, when discussing the laws of supply and demand, one could say that if demand for a given product outweighs supply, ceteris paribus, prices will rise.Here, the use of â€Å"ceteris paribus† is simply saying that as long as all other factors that could affect the outcome such as the existence of a substitute product remain constant, prices will increase in this situation. One of the disciplines in which ceteris paribus are most widely used is economics, in which they are employed to simplify the formulation and description of economic outcomes and the theoretical relationship of cause and effect. When using ceteris paribus in economics, assume all other variables except those under immediate consideration are held constant.For example, it can be predicted that if the price of beef increases, ceteris paribus, the quantity of beef demanded by buyers will decrease. In this example, the clause is used to operationally describe everything surrounding the relationship between both the price and the quantity demanded of an ordinary good. This operational description intentionally ignores both known and unknown factors that may also influence the relationship between price and quantity demanded, and thus to assume ceteris paribus is to assume away any interference with the given example.Such factors that would be intentionally ignored include the relative change in price of substitute goods like the price of beef vs. chicken, t he level of risk dislikes among buyers like the fear of mad cow disease, and the level of overall demand for a good regardless of its current price level like a societal shift toward vegetarianism. If we try to establish the relationship between demand and price, there may be other variables which may also influence demand besides price. The influence of other factors may invalidate the hypothesis that quantity demanded of a commodity is inversely related to its price.If rise in price takes place along with an increasing in income or a change technology, then the effect of price change may not be the same. However, the assumption that the other variables are unchanged will eliminate the interrupting influences of other variables. Ceteris Paribus is important in economics as it is an assumption which we are bound to make when there are complexities in the reality. It is necessary for the sake of convenience. The limitations of human intelligence and capacity compel us to make this as sumption.Besides, without the assumption we cannot reach on economic relations, sequences and conclusions. In fact, there are large numbers of variables interacting simultaneously at a given time. If our analysis has to be accurate we may have to examine two variables at a time which makes it inevitable to assume other variables to remain unchanged. For the ceteris paribus assumption, let’s take for example by assuming an economist examines a model explaining the relationship between the price and quantity purchased of Coca-Cola. The theory is â€Å"if the price increases, then the quantity of Coca-Cola decreases, ceteris paribus. Now assume the process of Coca-Cola was observed to increased one summer and some people actually bought more, not less. Based on this real-world observation, you would declare the theory is wrong but actually the economist responds that this is a reasoning pitfall because the model is valid based on the assumption of ceteris paribus, and your obse rvation gives no reason to reject the model. The reason the model appeared flawed is because another factor which is a sharp rise in the temperature. The rise in temperature caused people to buy more Coca-Cola in spite of its higher price.If the temperature and all other factors were held constant as the price of Coca-Cola rises, then people indeed would buy less Coca-Cola, as the model predicts. Therefore, the assumption that the other variables are unchanged will eliminate the interrupting influences of other variables. As a conclusion, ceteris paribus is important as it enhances our understandings towards the theoretical relationship of cause and effect as we can analyse the relationship between two variable without having any other variable influencing the results.The assumption of Ceteris Paribus eliminates the influence of other factors which may get in the way of establishing a scientific statement regarding the behaviour of economic variables. References Question 1 reference : Importance of microeconomics, http://www. slideshare. net/tribhuwan64/presentation-on-importance-of-microecon omics Importance of microeconomics, http://www. ehow. com/info_8301181_importance-microeconomics-business. html Question 2 reference: Microeconomics for Today, books. google. com. my/books? isbn=0538469447 Basic Tools in Economics, http://wikieducator. org/Basic_Tools_in_Economic_Analysis

Corporate Social Responsibility Csr - 1715 Words

Capitalism is dominating the lives of today’s world and people do not even realize how they are being swindled. The civilians of the modern society do not acknowledge how they are being used as assets to make bottom lines for the world’s most competitive companies. With so many corporations and businesses running, there is a neverending race of who can get the most consumers and profits. For companies to attract investors and customers, they use CSR, or corporate social responsibility, to gain advantages in the business industry. Corporate social responsibility is when a company decides to do certain activities to help improve society . CSR consists of different types of categories which are philanthropy, ethical labor practices, and the environment. Throught the decades, there has been a constant debate that concerns how beneficial and helpful corporate social responsibility really is. Some people argue that CSR can let a company make profits and help the general publi c at the same time, but others suggest that companies who use CSR are only prioritizing their self interest and wealth. Therefore, a company cannot be socially responsible while simultaneously making a profit because corporate social responsibility is used as a way to avoid government regulation and to greenwash a company’s reputation. To being with, by engaging in misleading CSR practices, companies can obviate the need for government regulation. Several corporations tend to engage in unethical behavior suchShow MoreRelatedCorporate Social Responsibility And Csr1566 Words   |  7 PagesSocial responsibility or also called Corporate Social Responsibility (CSR)- is the firm’s engagement (voluntarily initiated) in and its compliance (legally mandated) to environmental, social, and governance issues (The Foundation, 2014). Also, is based on stakeholder’s needs being financially sustainable, and CSR can come from both corporate or not-to-profit organizations. CSR has seven categories; Leadership, vision and values; Marketplace activities; Workforce activities; Supply chain activities;Read MoreCorporate Social Responsibility ( Csr )1167 Words   |  5 PagesCorporate Social Responsibility Introduction Corporate social responsibility (CSR) is a concept which is also known as corporate citizenship, corporate conscience or in a simple way a responsible business. It is an integrated concept of self-regulatory business model for any organisation. Corporate Social Responsibility has been in practice for more than fifty years now, which has been adopted not only by domestic companies but also by transnational company with voluntary CSR initiativesRead MoreCorporate Social Responsibility : Csr1232 Words   |  5 PagesCorporate social responsibility has become a buzzword within the industry in the last few years. Following the financial market crash investors and stakeholders began looking at corporations to act more socially responsible. The meaning of social responsibility differs across regions. Western countries are the ones who are pushing for corporate social responsibility -thesis-- A broad overview at corporate social responsibility (CSR) looks to corporations to make a change in the society or the environmentRead MoreCsr : Corporate Social Responsibility1598 Words   |  7 Pages CSR stands for Corporate Social Responsibility. Corporate Social Responsibility (CSR) is defined by many groups like, Tata steel, Coca Cola, Reliance, Videocon etc. Although they all stand for similar meanings connecting to taking responsibilities of the society as a business individual, its definition has been getting broader from a established point of view, corporate social responsibility is a type of business instruction included in a business demonstration. CSR policy functions as a self-regulatoryRead MoreCsr : Corporate Social Responsibility Essay1285 Words   |  6 PagesCSR stands for Corporate Social Responsibility and it is a concept with many definitions and practices and also a buzzword in the media. In general, corporate social responsibility is the policies and progra ms of business corporations which tend to benefit society while improving a corporation’s public image and profitability at the same time. The meaning of it is implemented in different countries and companies differently. Warren Buffet said that it takes 20 years to build a reputation and onlyRead MoreCorporate Social Responsibility ( Csr )863 Words   |  4 Pagestechnology in the last century. The term of Corporate Social Responsibility appears more often into public’s concerned and it has become a hot issue in recent years. This essay is going to discuss and provide an overview of corporate social responsibility (CSR) by debate some key issue in this area. 1.2 What is Corporate Social Responsibility? In 1953, Bowen’s Social Responsibility of the Businessman firstly discusses the idea of corporate social responsibility. He states the relationship between societyRead MoreCorporate Social Responsibility ( Csr )1314 Words   |  6 PagesSocial responsibility has become a primal interest to the humankind for the past two decades. In the earlier days, the firms and organizations concentrated only on the financial part of the business and ignored the ethical, social and moral sectors. But in the recent times, the businesses are getting a grip of the significance of the social, ecological and environmental effects on their success. This has resulted in the emerging interactions between organizations and social segments thus giving riseRead MoreCorporate Social Responsibility ( Csr )1173 Words   |  5 Pages Corporate Social Responsibility (CSR) is highly important to Millennials. If a company is lacking a CSR plan, now it a good time to start one. Millennials are looking for ways in making a positive impact on the world and are expecting the same from companies. They are looking for companies that contribute to the betterment of communities and the environment. Millennials put great value in supporting such brands, companies and organizations that share these values. Companies without a CSR in placeRead MoreCorporate Social Responsibility : Csr979 Words   |  4 PagesThe notion of Corporate Social Responsibility is a phenomenon globally known for many years. In spite of the fact that CSR has been neglected for quite a long time, nowadays several authors deal with this issue, as revealed by the development of theories in recent years concerning the topic. In spite of the fact that there has been a huge growth of literature it is still impossible to simply define CSR. Many definitions trying to capture the concept of CSR exist, but their content varies (MattenRead MoreCorporate Social Responsibility ( Csr )1370 Words   |  6 Pagesmore attention on the concept of Corporate Social Responsibility (CSR). The core issue is the appropriate responsibility of business. In as much as firms ought to obey the law, but beyond complete compliance with environmental laws, the question is whether firms have extra social responsibilities to commit part of their resources to environmental preservation voluntarily. This memo provides an exploratory investigation of the link between corporate social responsibility and the benefits accruing to a