Homework Essay Example | Topics and Well Written Essays - 250 words - 46

Homework - Essay Example This implies that a trainee needs to be careful when executing tasks and possess the highest mental strength to tackle difficult situations. Similarly, sociability trait is the ability to accommodate divergent views from others while extroversion enables one to be sociable. Sincerity to experience is the sensible and creative nature of an individual to come up with new strategies. The problems that occur in organizations due to a self-enhancement phenomenon include making of poor decisions and being overconfident in all situations. This implies that employees can overestimate the possibilities of attaining their ideas because of the positive elements and strengths they possess. In this regard, organizational leaders should ensure that their employees understand their weaknesses instead of focusing on the positive attributes only. Value congruence is relevant regarding organizational against professional values in that it eliminates confusion and conflicts of interests. This implies that a professional shares similar values and objectives to those of the organizational missions. It can also contribute to higher job satisfaction, allegiance and organizational citizenship because a professional is able to execute his skills without conflicts or problems with the management. High power distance and collectivism are cross-cultural components that illustrate the nature in which individuals in a certain society accept unequal power distribution. The implications of this information are that employees value submission to authority and are comfortable getting commands from their bosses without deliberations. As a result, when a senior executive visits another country, he or she will not face resistance from employees who observe a different

To what extent do you agree with free market economics being more Essay - 1

To what extent do you agree with free market economics being more effective than a mixed economy in two different countries - Essay Example In contrast, a mixed economy captures the traits ascribed to the command economic system as well as the free market system. The mixed economy is the most favourable global economic system, with a few exceptions. In this regard, I will exemplify two countries, Japan and Russia, in which for a long time, the government has always influenced key economic decisions. In the market economy, the government plays a minor role of regulation like ensuring fair competition among the various players in the industry. However, it is emergent that in this system, the element of a free market tends to dominate the mainstream market. There are some sectors in which the forces of demand and supply are not allowed to prevail. Areas like public education, road construction and military spending, the provision of medical supplies, and the building of hospitals are just but the areas with which the populace cannot gamble via the free market system. These areas are sensitive and require a commanding author ity, and that is how the government comes in-the reason for a mixed economy. Apart from the sensitive areas, the free market system is a good system. With mixed economy, so much planning is required which is a waste of time and resources. The bureaucracies involved are cumbersome since a certain order must be followed unlike the free market where decisions are quickly made and demand and supply influence such decisions. A high level of efficiency is normally witnessed in the free market. This is mostly in responding to customers taste and preferences where if one enters a supermarket his or her money determines what to purchase, unlike the mixed economy where sometimes decisions on what to buy are provided by a monopoly controlled by the government, where quality is normally compromised (Sloman, 2009). In a free market, there are different service or commodity suppliers, so with such numbers, quality couple with additional