Question

In: Economics

Do Happy Workers Make for Richer Companies? When you are in the process of making a...

Do Happy Workers Make for Richer Companies?

When you are in the process of making a decision, do you find that you utilize the rational decision-making process or the intuitive or emotional process? Does it differ between a professional decision or a personal decision?

Solutions

Expert Solution

we can classify or divide the question in three parts.

QUESTION - A

  • this is a true concept that happy and satisfied workers contribute more efforts to their employers.if the company provide them better working environment,better financial incentives,social security etc then they(workers) have mental peace and a respect towards the company and they try to contribute their best for the company's growth and prosperity.

QUESTION - B

  • The decision making depends upon the situation concern with the decision is made.in the commercial plans experts suggest that person should be rational and avoid indulging his/her emotional perspective in this kind of dealings.whereas in speculation activities the intuition plays an important role to take the risk whereas in the personal decision the emotion plays an important role.

thus it can be concluded that each planning and decision has separate need of mental stage.

QUESTION - C

the answer for the last question, that ask whether the professional and personal decisions differ, would be yes.the professional and the personal decision differs a lot.

  • as discussed earlier in the professional planning generally the emotional factor is eliminated and practical and rational decision is made to maximize the profit and this decision is also impacted by the variables like labor's cost and other factors.taste,preferences,personal likes and dislikes are eliminated in the professional dealings and those plans are adapting which generates maximum profit and revenue.
  • but in the personal decision instead of making profit maximization the mental peace and emotional factors are given priorities.instead of rationality this factor generally depends on the factors like favoritism,taste,preferences,personal likes and dislikes.

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