Industrial and Organizational Psychology - 1680 Words

INTRODUCTION Effective Communication is significant for managers in the organizations so as to perform the basic functions of management, i.e., Planning, Organizing, Leading and Controlling. Communication helps managers to perform their jobs and responsibilities. Communication serves as a foundation for planning. All the essential information must be communicated to the managers who in-turn must communicate the plans so as to implement them. Organizing also requires effective communication with others about their job task. Similarly leaders as managers must communicate effectively with their subordinates so as to achieve the team goals. Controlling is not possible without written and oral communication. Managers devote a great part of†¦show more content†¦It is an important objective of communication. Organization persuades buyers to buy their products amp; services. In the office or the factory, the lazy, incompetent amp; disgruntled workers have to be persuaded of their works. And only communication can do this act of persuasion. Motivation employees: Motivation energies amp; actives a person amp; channelizes his behavior towards the attainment of desired goals. Communication has been considered as the critical element in motivating employees. Managers use communication to improve employee’s sense of self-worth by showing reorganization, appreciating good work amp; providing several other incentives. Raising morale: Raising morale is an important objective of communication. Morel is the individual amp; collective spirit amp; moral condition of employee with regard to discipline amp; confidence. Management always tries to raise the morale of employees through communication so that they think that they are important for the organization. Warning amp; notice: Warning amp; notice are given in special circumstances. If employees do not abide by the norms of the organization. amp; Information plays a vital rules amp; regulations, it may become necessary to warn amp; notice them. Warning amp; notice can be given orally or written. Formalization amp; execution of plans: formulating amp; implementing plans both are important forShow MoreRelatedIndustrial/Organizational Psychology Paper794 Words   |  4 PagesAre you fit to be an Industrial or Organizational Psychologist? Most would say yes in a heartbeat Industrial psychologists associate themselves with people in the workplace. Industrial psychology is often called personnel psychology, which is directly related to the field also known as organizational psychology. Usually industrial psychologists evaluate the differences between individual workers and also individual jobs. Organizational psychologists normally seek the understanding of how workersRead MoreMovie Critique On The Industrial Organizational Psychology Essay1687 Words   |  7 Pagesthe Industrial Organizational Psychology present in Antz Introduction The 1998 film Antz is an excellent depiction of the industrial and organizational work force. Being that the film is a Dream Works animation, it has a simple and attention grabbing plot that is given to the viewer through the perspective of a hero, and in this context an colony ant worker named Z (Darnell et al., 1998). This peculiar, open-minded ant portrayed several topics related to industrial organizational psychology suchRead MoreA Brief Note On Industrial And Organizational Psychology1819 Words   |  8 Pagessegments that corresponds in industrial and organizational psychology (i.e. occupational, work, business) is the scientific study of human behavior in the workplace which applies to psychological theories and principles to organizations. Industrial/Organizational psychology field has insights on increasing productivity in the workplace and related matters such as physical and mental wellbeing of employees (Youssef Noon, 2012, sec.1.1). Industrial organizational psycho logy is known to be the most importantRead MoreIndustrial Organizational Psychology : How Or If They Are Correctly Based On Past And Current Research1259 Words   |  6 PagesIndustrial Organizational psychology (I/O psychology) is the study of human behavior in the workplace or organizational settings. The study of Industrial Organizational psychology is used to conduct research in order to develop and apply solutions to conflicts in an organizational setting (Spector, 2011, p. 5). This paper will highlight topics of Industrial Organizational psychology in the film ANTZ and analyze how or if they are correctly based on past and current research used in the field. TheRead MoreIndustrial Organizational Psychology729 Words   |  3 Pagesoutcome is desired of any sort of organization that industrial organizational psychologists work in, it is pivotal to achieve this objective in the medical profession for the simple fact that the result of medical procedures directly affects the hea lth and vitality of the profession at large. Industrial organizational psychologists improve workplace conditions for employees (No author, 2013). Thus, there is increased scrutiny on industrial organizational psychologists and there work within the medicalRead MoreIndustrial and Organizational Psychology1680 Words   |  7 Pagesperformance if it is not up to the mark. 2. Communication is a  source of information  to the organizational members for decision-making process as it helps identifying and assessing alternative course of actions. 3. Communication also plays a crucial role in  altering individual’s attitudes, i.e., a well-informed individual will have better attitude than a less-informed individual. Organizational magazines, journals, meetings and various other forms of oral and written communication help inRead MoreIndustrial Organizational Psychology And Social Psychology1820 Words   |  8 Pagesinto millennial workers and the fields of recruiting and selection in industries and organizations and understanding how this relates to Industrial-Organizational Psychology, one may find it helpful to understand what Industrial-Organizational Psychology is and what it has to do with the working world. Landy and Conte (2016) defines Industrial-Organizational Psychology as â€Å"the scientific study of the workplace† or â€Å"the application of psychological principles, theory, and research to the work settingRead MoreIndustrial and Organizational Psychology Essay1154 Words   |  5 PagesUnited States worker works more hours and is more productive, but not necessarily more efficient, than their European counter parts (King, 2013). Industrial Organizational Psychology (I/O psychology) applies the science of psychology to work and the workplace (King, 2013) to enhance worker efficiency and productivity. Researchers in the field of I/O psychology looked to find a broad range of topics related to the work environment including; job placement, influences of attitudes on job performance,Read MoreThe Role Of Industrial And Organizational Psychology1358 Words   |  6 PagesThroughout the history of Industrial and Organizational Psychology, there have been many techniques and many great minds that have established ideas and methods of the human behavior in a workplace. Industrial and Organizational Psychology focuses on the values and ethics of individuals, groups, and organization behavior, then takes the knowledge that it has acquired in establishing solutions for problems at work. The solutions that have been met to be effective have been put together into a theoryRead MoreEssay on A Ph.D. in Industrial/Organizational Psychology528 Words   |  3 Pages A Ph.D. in Industrial/Organizational Psychology nbsp; I intend to receive a Ph.D. in Industrial/Organizational psychology and I am interested in Central Michigan University because it offers applied practice through field experience and organizational internships. I have been told by many professionals that Central Michigan has excellent faculty and research facilities, as well as, provides a very thorough and effective foundation for work in the field. I intend to pursue a career in applied

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Fundamentals of Macroeconomics Essay - 778 Words

Fundamentals of Macroeconomics Fundamentals of Macroeconomics Stafford M. McClendon ECO372 University of Phoenix Online Part 1 Describe the following terms in your word. †¢ Gross domestic product (GDP) The Market value or measure of how strong a countries economy is. Also a measure of the dollar value or goods produced at a given time period. †¢ Real GDP Real GDP represents the actual dollar value exercised for constant change. Market values change rapidly and often, the real GDP is shows the value as it changes. †¢ Nominal GDP Nominal GDP is a measure of how strong the dollar value, but because inflation has not been accounted for the figures are sometimes†¦show more content†¦The low production means prices go up because of low quantity. When prices go up consumers and retailers are affected because it becomes a trickle affect, from the retailer down to the consumer and the savings they usually get goes out the window. It also affects households because when the prices go up leaving less money for other activities such as outings or family fun activities. It affects decreased taxes to help lower prices to drive the demand back up because if people cannot afford the higher prices, placing smaller taxes upon them would drive the demand back up, thus increasing the demand and the supply. The massive layoff of employees affects everything. If people do not have jobs they cannot afford anything because they do not have money to buy products. Layoffs affect home because it be comes stressful upon marriages and households in general. No job you cannot afford to pay bills, buy food, put gas in vehicles to look for work, mowing the lawn. Layoffs make people do unjust deeds, such as stealing from the consumers they normally would not have an issue purchasing the products. No power or electricity in the homes means any lights to see. Layoffs mean no water to take a bath, water the lawn or plants. Layoffs affect the government because it means less taxes being paid. When people are working the economy becomes stronger because people can go out and makeShow MoreRelatedFundamentals of Macroeconomics850 Words   |  4 Pagesï » ¿ Benson James ECO 372 Fundamentals of Macroeconomics 08 October 2013 The gross domestic product (GDP) is defined as the market value of all goods in any country at any specific time. The gross domestic product is frequently used to establish a country’s wealth or standard of living. Even though the GDP is supposed to determine a country’s economic health, many nonbelievers think the gross domestic product does not account for the undergroundRead MoreFundamentals Of Macroeconomics Paper On Macroeconomics1272 Words   |  6 Pages Fundamentals of Macroeconomics Paper Macroeconomics is a study in which reflects the economy as a whole and the levels of total output, which is also referred to as national income. National income measures the value of an output produced in an economy over a period of time. In this paper gross will attempt to describe the economics related word terms such as gross domestic product (GDP), real GDP, nominal GDP, unemployment rate, inflation rate and interest rate in laymen. Also will describeRead MoreFundamentals Of Macroeconomics And Economic Performance Essay786 Words   |  4 Pages Fundamentals of Macroeconomics David Smith Eco 372 September 29, 2014 JOSEPH COMPTON Fundamentals of Macroeconomics Every country produces various goods and services. Gross domestic product (GDP) is one of the indicators that display the country’s economic performance. Three approaches are used in the determination of GDP. They include: income approach, expenditure approach, and the product approach. GDP can be referred to as real or nominal GDP (Colander, 2010). WhenRead MoreFundamentals of Macroeconomics: Gross Domestic Product981 Words   |  4 Pagesgovernment as I have already demonstrated could benefit from enhanced tax revenues. References Baumol, W.J. Blinder, A.S. (2011). Macroeconomics: Principles and Policy (12th ed.). Mason, OH: Cengage Learning. Boyes, W.J. Melvin, M. (2011). Fundamentals of Economics (5th ed.). Mason, OH: Cengage Learning. Taylor, J. (2006). Principles of Macroeconomics (5th ed.). Boston, MA: Houghton Mifflin Company. Read MoreExploring The Beliefs And Actions Of The Foreign Exchange ( Forex ) Market1728 Words   |  7 Pageschannel in the past 2 decades. b. Exchange rate determination The research resulted in three difference points of view between academic researchers and traders on which components drive exchange rate movement over different horizons. First of all, â€Å"fundamental is seen as a relevant concept by a large proportion of trader at horizons much shorter than mainstream academic theory can explain† (Cheung, Chinn and Marsh, 2004) Secondly, short term currency movements seemed to be strongly affected by â€Å"speculativeRead Moreeco3721430 Words   |  6 Pagesï » ¿ Syllabus School of Business ECO/372 Version 4 Principles of Macroeconomics Copyright  © 2012, 2008, 2007, 2006 by University of Phoenix. All rights reserved. Course Schedule: Workshop 1 = January 30, 2014 Workshop 2 = February 6, 2014 Workshop 3 = February 13, 2014 Workshop 4 = February 20, 2014 Workshop 5 = February 27, 2014 Instructor contact information: Jack Abbott Cell phone, 714-337-6092 Email, jbabbott@cox.net Course Description This course provides studentsRead More Impact of Macroeconomics on the Housing Industry Essay599 Words   |  3 Pagesbetter understand the real impact macroeconomics has in an economy or a particular industry, it is better to define what macroeconomics is and what it attempts to study. Contrary from microeconomics which studies the impact that individuals or companies have in a local economy, macroeconomics focuses on the behavior of the economy or industries as a whole, in a national or global perspective. 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This exchange rate regime was operated in additionRead MoreQuestions On Arbitrage Pricing Theory1493 Words   |  6 Pagestopic and the motive behind it) This study aims to add values in setting a priori in APT studies by regressing SP financial sectors returns data on various macroeconomic variables. †¢ Brief summary of findings †¢ A paragraph describing layout of the rest of the paper In this study, by regressing y on different independent macroeconomic variables, Once sensitivities to factors are estimated, By identifying correct factors and estimating sensitivity, the expected return of financial assetsRead MoreQuestions on Macroeconomic Indicators697 Words   |  3 Pagesgeneral or in a specific aspect of the economy and you should be assessing how each macro-economic change you have chosen affects your company. Explain why they are important to the current or future condition of your organization. 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Accommodation Management of Macquarie Hotel-Samples for Students

Questions: 1.The new owner is excited about new and modern systems that are available within the industry and has requested you to highlight new systems that will enhance the customers experience, provide organisational efficiency from a staff and systems perspective and improve profitability. 2.Will be to evaluate a number of new customer sectors (e.g families, corporate clients, leisure guests, international tourists etc.) and identify what provisions within the accommodation facilities and services would need to be provided to each sector. Answers: Introduction Accommodation management is the most important section of a hospitality sector as this section is important for the customer satisfaction and influence better need for new systems. In case new planning and the new administration, engagement of new customers is the concern issue for the development of the hotel. In this report, Macquarie has decided to change their owners and the person has implemented some new innovations and determines some new ideas so that dynamic changes in customer maintenance can be sustained (Macquarie-hotel.com.au 2017). 1.Implementation of Modern systems The new management has decided to change some existing system and try to implement something new. The advanced computerized system of door locking and data maintenance has been implemented by the hotel authority. As soon as the customer locks the door the system automatically locked the door from its own, and when the client wants to reopen the door there is a special code that has to be provided by the management, would unlock again. This innovative process is the best security policy that provided by the hotel authority and customers are quite happy to access this opportunity (Ho 2017). The new data maintenance system showcases the entire billing of the customer in their room. The process can be calculated as soon as the client check in the room their monetary calculation is in under process and the client can see the amount in the speculated room as a computerized screen is attached within the room and all the food, laundry, and transport system that used by the customers will enh ance the monetary amount as the customer can see this amount on his own (Macquarie-hotel.com.au 2017). Management is so transparent in that case and customers have not to ask for the total amount of the authority as the amount has already sum up and stated the figure as soon as the customer checked out. Along with this two facilities the room management, report management, analyze the customer feedbacks are the key issues that need to be concern from the organization perspective (Rahimi and Kozak 2017). There is an online room booking system that needs to introduce by the hotel management team to make sure about the progression of technological facilities in business. Better Customer Experience Customers are impressed by the hotel review system so better customer handling is the key aspect that needs to be maintained by the hotel management. Thus good review enhances the revenue generation of the hotel as more people accumulate there and enjoy the facility provided by the hotel. For the better customer experience, Macquarie has to provide some selected package for the customers and these packages allow some discounts rates that attract customers for accommodating the place. There are lots of payment options also available for the customers so that they have not to get harassed in any kind of situation (Srinivasan and Karmakar 2014). Customers will get their full payment at the time of cancellation. This will enhance the better customer experience as the new innovative measures can reflect the customer satisfaction rate. A legitimate website has to maintain the organization and there a good amount of information has to be given. For the better customer experience phone booki ng, night booking facility and transparent cancellation policies are needed to be amended so that customers can get more effective facility by the organization (Nieves and Segarra-Ciprs 2015). 2.Different customer sectors Customer sectors can be segregated into four types where the need of each customer is different and that showcase the urgency of the customer as well. Corporate clients are one of those customers who need a hotel room for any kind of meeting so a comparatively less noise floor is being given to the client so that no disturbance is placed during the meeting. As the meeting is a formal way of presentation thus drinks and beverages can be delivered so that client can enjoy the meeting and also understand the quality of the hotel and their segregation identities (Flores 2014). There are some families those spend their holidays in the hotel and they have children who love to play in ground or love to swim, thus for them, family rooms rather big rooms are provided, where grounds, swimming pools are available for peoples. Most of the cases, a proper dinner with lots of deserts are provided to them as most children like this. On the other hand, if international clients checked in the hotel t hen the management must try to know the origin of these people and try to deliver those kinds of food, they are accustomed to. Their culture and tradition maintenance is the most important aspect of the organization and for that reason, the treatment also gets differ for both the cases. Their food culture is completely different from the host nation so international food items must be delivering to those clients and that showcase the better reputation of the hotel (Dzhandzhugazova et al. 2015). In case of leisure guests, the organization policy must be different as the hotel has to understand necessitate of those clients and deliver as they expect from the Macquarie. The business positioning must be determined by the effective changes that have been made by the organization and if Macquarie has segmented their customer segmentation then customers get much satisfaction by the service and more revenue can be generated. Accommodation facilities In case of accommodation, the prior things that can enhance the organizational reputation are tax mastering, floor management, room standard, housekeeping, large space in rooms, air availability, cleaning and trustworthiness of the hotel, food and the functional activity (Ivanova, Ivanov and Magnini 2016). These are concern aspects to be a best hotel in business market. In case of accommodation there are some seasonal shopping card delivered at the time of booking where clients can a get a good amount of discount in shopping (Nimri, Patiar and Kensbock 2017). There are business boost packages are needed to be available for the business clients they can use the promotional code for the better packaging. In case of innovative accommodation, Macquarie can organize a vacation planning segment where people come to enjoy the hotel for one week at a low rated price and these customers also get good facilities from Macquarie (Macquarie-hotel.com.au 2017). There must be a special accommodatio n process for the senior members, where they have to be allocated at the ground floor so that they have not put their effort to get up and down. Their food taste must be different from them and the hotel has to maintain that for them. Thus, all the accommodating processes are concerned and the benefits for the customers (Ivanov, 2014). Macquarie has to implement all the possible aspects to change the dimension of the hotel and accumulate more customers to get more revenue in their business. Conclusion Therefore it can be concluded that customer facility is the major concern for Macquarie and the new management takes this challenge to improve customer satisfaction and provide the best service to their customers. Thus Macquarie has to impose some innovative manners in the hotel by which people have got attracted by the facility and that provide the improvement in their level of revenue generation. References Dzhandzhugazova, E.A., Zaitseva, N.A., Larionova, A.A., Petrovskaya, M.V. and Chaplyuk, V.Z., 2015. Methodological aspects of strategic management of financial risks during construction of hotel business objects.Asian Social Science,11(20), p.229. Flores, M., 2014. Optimization of hotel reception and accommodation service management for guests with disabilities.Review of Disability Studies: An International Journal,2(2). Ho, V., 2017. Giving offense and making amends: How hotel management attempts to manage rapport with dissatisfied customers.Journal of Pragmatics,109, pp.1-11. Ivanov, S.H., 2014. Hotel revenue management: From theory to practice.Browser Download This Paper. Ivanova, M., Ivanov, S. and Magnini, V.P. eds., 2016.The Routledge handbook of hotel chain management. Routledge. Macquarie-hotel.com.au 2017 Macquarie Hotel retrieved from: https://www.macquarie-hotel.com.au/ [Accessed on 30th November 2017] Nieves, J. and Segarra-Ciprs, M., 2015. Management innovation in the hotel industry.Tourism Management,46, pp.51-58. Nimri, R., Patiar, A. and Kensbock, S., 2017. A green step forward: Eliciting consumers' purchasing decisions regarding green hotel accommodation in Australia.Journal of Hospitality and Tourism Management,33, pp.43-50. Rahimi, R. and Kozak, M., 2017. Impact of customer relationship management on customer satisfaction: The case of a budget hotel chain.Journal of Travel Tourism Marketing,34(1), pp.40-51. Srinivasan, S. and Karmakar, A., 2014. Changing perception of students towards hotel management course while pursuing the course.International Journal of Informative Futuristic Research,1(9), pp.101-114.