Case study, the business case for happiness Study

, the business for happiness - Case Study Example Also the variation in the mood of the workers, will determine their productivity. A negative attitude influences employees’ thinking, when we feel negative we may become detractor to one another. Negative feeling bring about a combatant mode of thinking. On the other hand, a positive mood has some bearing on people way of thinking to become confident, tolerant, constructive, un-defensive and lateral. Employees are happier if they are guaranteed on the retention of their job, they will not seek a good working environment instead they will make their current working place a better one. Happiness and other positive emotions can undo some of the adverse psychological effects of the negative emotions, such as the effects of adrenaline released in the response to fear or threat. Despite all the efforts to make the employees be happy and work in harmony in the workplace, so as to increase their productivity. Still there is one major limitation to hinder all those efforts. The employees would be happy with the job but still domestic factors may lead to depression which may lead employees, not to be happy in their workplace hence leading to the low productivity. If the employees have martial issues with their spouse, it will affect their mental thinking towards their colleagues of the opposite gender. This is in the regard to the negativity in behavior of their spouses who is of the same gender their co-workers. This will eventually lead to conflicting factors in their

Thinking like an Economist Essay Example | Topics and Well Written Essays - 500 words

Thinking like an Economist - Essay Example I believe that the ideas of Adam Smith are still relevant in our current world economy. It is irrefutable that only a few things changed over the century which implies that older ideas can still be applied in the present. This is even more applicable to social sciences like economics as the past dilemmas still haunt the policy and decision makers of today. The problem of maximizing public good is still a one of the greatest questions in the world economy which can be answered by the ideas of Smith. The relevance of the ideas of Smith can be seen on how governments are presently trying to deregulate industries and privatize some previously government owned corporations. The countries doing this are coming to the realization that deregulation and privatization triggers a more competitive environment for industries and corporations alike, leading to more efficient operations. It is also notable that these processes ensure that the true value of goods and services in the economy is reflected in the pricing system as subsidies are now removed. Deregulation and privatization also significantly improves the overall efficiency in corporations' operations thereby maximizing producer surplus. When producers pass this in the form of lower prices, consumer surplus is maximized and the overall economy profits. One of the best examples to illustrate Adam Smith's concept of "invisible hand" is fr