Labor Force (should be relate to Canada)
Due Date: Aug 7, 2013
What is labor force?
_ The labor force is the measure of those participating in paid employment in a given country.
The labor force participation rate is the ratio betwe
2. Using the leadership theories from the chapter, compare and contrast the leadership practices of
Robert Hill and Phil Bellows, and assess their appropriateness given what you know about the
employees at Hill Enterprises.
Robert Hill, presi
1. Use Theory X and Y to explain the way Jerry tries to motivate his drivers.
According to McGregors Theory X-Y assumptions about people, Jerry, as the manager of Southwoods
Dairy, has a bias toward Theory X. Jerry treats his drivers as oversized children
1. Using the various personality characteristics discussed in this chapter, how would you
describe Joe Liemandts personality?
Locus of control-internal locus of control- he controls what happens to him: risk taker, hard
worker, cares about efficiency
The above diagram shows immediately why a technological improvement in one industry means that a
country can now choose to produce more of both goods. Since the PPF has shifted up (or out), there are
many combinations of goods that are now available th
ATTITUDES AND VALUES
Attitudes are tendencies to feel and behave in a particular way towards people,
objects, ideas or events.
Attitudes endure, unless something happens.
Attitudes are evaluative statements that can either be favourable or
Models of Organizational behavior
study of individual behavior and
group dynamics in organizations
Value of Organizational behavior
It helps the people to attain the
competencies needed to become e
field of study that investigates the impact
that individuals, groups and structure have
on behavior within organizations, for the
purpose of appl
Human Behavior in
What is Human Behavior?
Human Behavior consists of any act of an
individual person that reflects his thoughts,
feelings, emotions, sentiments and, in general,
his state or condition.
These may be conscious or
WHAT IS AN ORGANIZATION?
They are groups of people who work independently towards some purpose.
They have structured patterns of interactions, meaning that they expect each
other to complete certain tasks in an organized way.
Foundations of Individual
The Ability-Job Fit.
Personality may be understood as the
Nature and Definition of OB
Organisation can be created on the basis that
more can be achieved when people work in
harmony for a particular purpose than by
individual acting alone.
Organisational Behaviour is defined as a field of
study that investigates
"The group of
people together to
achieve the goal"
The purpose of the organization is
a state or a goal to be achieved by
the organization in the future
through the activities of the
Kinds of organ
WHAT IS ORGANIZATION?
A place where managers practice the
art of management.
An Institution or sub-units of an
institution working together for a
WHAT IS ORGANISATION
is an study of human behavior.
study is about the
SENSATION & PERCEPTION
People use sensory organs to sense eyes to see, nose to smell, tongue to taste,
skin to feel and ears to hear. Thus sensation deals with the basic behaviour of an
individual caused by his physiological functions.
Perception is when
selection of stimuli
organisation of stimuli
interpretation of stimuli
selection of stimuli
selection is the first process in perception
the process of filtering information received
by our sense is called selecting stimuli.
Perception is a process by which
individuals organise and interpret the
sensory impressions in order to give
meaning to their environment.
Perception is an important mediating
cognitive process thro
PERCEPTION AND LEARNING
What you get from this picture.?
Different people understood same things differently.
This occurs due to perception.
Oxford defines perception as receiving, collecting,
action of taking possessio
STRATEGY AND ELASTICITY
What are the major pricing techniques used
Does airlines charge the same price for all
Why is it able to do so? What is common
between people who opt for these discounts?
Economic Value Pricing
Economic Value to the Customer (EVC) is based on the insight that a customer will
buy a product only if its value to them outweighs the value of the closest alternative,
or when the utility of a product depends on its val
Economic growth can be defined and measured in
As an increase in real GDP (real national output)
As an increase in real GDP per capita. Growth in
real per capita incomes is perceived to be a better
measure of economic performance.
Change in Equilibrium
1.Change in Demand
Both quantity and Price increase when
demand curve shifts outwa
Price Controls measures :
Price Ceiling: a legal maximum on the price of a good or service.
Example: rent control.
Price Floor: a legal minimum on the price of a good or service.
Example: minimum wage.
SUPPLY, DEMAND, AND GOVERNMENT POLICIES
The Business Cycle
A business cycle refers to periods of expansion and
contraction. A peak is the high point following a period
of economic expansion. A trough is the low point
following a period of economic decline.
The recurring and fluctuating levels o
Supply, Demand &
In a free market system, market forces
One of the roles of economists is to
develop theories to assist in the
Controls on Prices
Price Elasticity of Demand
Price elasticity of demand
Unitary Price Elasticity
Measuring Total Revenue
The relationship between
price, elasticity, and total
prices. At what price will
total revenue be the
greatest? How many units
Aggregate supply is the relationship between the price level in the
economy and the quantity of aggregate output firms are willing and
able to supply, other things held constant
The foundation of aggregate supply is the labor market
Business Cycles and
Phases of the Business Cycle.
Recession: Two back to back quarters
Depression: Three consecutive
declining quarters in a row.
Three Kinds of
An increase in the capacity of an economy to produce
goods and services, compared from one period of time
to another. Economic growth can be measured in
nominal terms, which include inflation, or in real
terms, which are adjusted for inflation. For compar