Question

In: Economics

2. Often a round of applause can be seen to begin with isolated initial clappers before...

2. Often a round of applause can be seen to begin with isolated initial clappers before building to general and sustained clapping (and sometimes not!). What kind of effect is this an example of, and how does it work?

Behavioural economics

Solutions

Expert Solution

Often a round of applause can be seen to begin with isolated initial clappers before building to general and sustained clapping or even sometimes not. This is an example of behavioral organizations structure. The interpretation of organizational culture develops by initial hardworking employees. This statement states that to enhance the working, certain habits, skills, knowledge and talents are required to improve.
This concept is mainly followed in behavioral economics which refers to a study of psychology as it relates to the economic decision making process of employees and organization. This includes two main objectives: profit maximization and personal needs achievement. To fulfill both of the objectives, first there should be potential workers which adds to the productivity and profitability of the firm. Then the whole organization works to achieve a common goal. It’s obvious that if the organizational goals get fulfilled, then the personal goals also get achieved.
This concepts works in the behavioral organization by exploring the decisions and contribution of the individual employees. The growth of the organization is initially depends on some employees. Slowly and gradually, the sustained growth of company started. Also, the employees have different behavior and acts differently in the organization. Therefore, it’s not necessary that any employee adapts himself according to the changes in the company. Some also resist the changes. This statement clearly shows that the working is affected by initial working and contribution of some employees.


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