CM 1010-07E, BUSINESS COMMUNICATIONS (CM1010-07E) Essay - 2

CM 1010-07E, BUSINESS COMMUNICATIONS (CM1010-07E) - Essay Example Different needs can also influence the behavior of an individual. For instance, there are people are satisfied working just to earn a monthly wage and there are others with more aspiration who work even harder so that they can get promoted and receive incentives. Of course, there are also external distractions that can affect the performance of a member, such as, moonlighting. This is because he is constantly thinking about other commitments and taking on a part-time job is physically and mentally exhausting. A different mix of personalities in a team does not necessarily spell doom, so long as all members remain motivated and have the same goal congruence. Therefore, identifying a strong leader within a team that knows how to motivate and reward each member based on their needs is crucial. Constant communication and feedback will also ensure that the team is still in the same page. Having a good leader to delegate tasks equally, so that members receive a sense of common purpose and to avoid members feeling left out, is also important. Finally, a good leader should recognise the effort and job that the team as a whole have achieved, regardless of the amount of work that members have

ECON WEEK 1 Assignment Example | Topics and Well Written Essays - 250 words

ECON WEEK 1 - Assignment Example Macroeconomist analysts use gross domestic product figures to derive business cycles and investigate their cause. Macroeconomic analysts measure unemployment using rates that show the number of people available in the labor force who do not find work. These analysts observe that unemployment rates fall with progressive growth in the economy (Mankiw 26). Progressive economic growth manifests in the growth rate of a country’s gross domestic product. Rising gross domestic product indicates an increase in national output, hence, the need for many laborers to sustain the increased level of production. Employment reports impacts trends in different sectors of the economy including the currency and bond markets (Rittenberg 530). Inflation is the rate at which prices of goods and services in a country rise. Macroeconomic analysts measure inflation using the consumer price index and the gross domestic product deflator. The consumer price index captures the prices of a given number of goods at a given time (Mankiw 13). The gross domestic product deflator is a fraction of the nominal gross domestic product and the real gross domestic product. A rise in the prices of services and goods results from an instance where the nominal gross domestic product is bigger than the real gross domestic product. A change in the consumer price index corresponds to a change in the gross domestic product deflator with a difference of less than one percent (Rittenberg