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  • Essay / The influence of human emotion on the management of economic structures

    In economic structures, emotions affect the development and management of various operations and activities over time in different ways. Indeed, the reason for economic collapse may be linked to large corporations and global corporations losing close contact with the people they serve. As Natalie and Sora describe: “Due to the lack of close contact between large companies and their customers, the economy is doomed to collapse” (Natale and Sora, 309). Therefore, in the situation where people do not have emotions for the goods and services produced by a given business or corporation, the demand tends to decrease, a process that can lead to a subsequent increase in losses as it there will be low inventory turnover. on. When it comes to international relations, when there is a higher demand for a product between countries, faster interaction between trading partners will be enhanced. This thus influences the degree of enterprise in the global space. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”?Get an original essayMoreover, emotions influence what people demand, what they want to produce, what they should ask from neighboring countries and other trading partners and how business activities are controlled in market economies. According to the study by Susanne Menzel, “Individuals calculate costs and benefits, usually from the perspective of their personal interests, and choose what maximizes benefits over costs…” (Sussanne Menzel, 71) . This shows that, based on emotions, individuals are motivated by the quest to satisfy their tastes and preferences while making economic choices. Therefore, it may be obvious that in a world without emotions, economic activities cannot be induced, a situation which can lead to financial crisis as well as the collapse of the entire market economy. Just like emotions, culture also defines people's level of happiness, as research by his counterpart Wijers explains. For example, “Happiness is one of the most important values ​​in life” (Weijers & Joshanloo, 717). Therefore, happiness can only be achieved when there are good relationships between business partners as well as between individuals in contemporary society. On the other hand, ethics and empathy also play a role in influencing business performance and growth. It’s empathy and revenue that define a powerful corporate presence. For example, as Natalie stated, “empathy is the unique ability to understand the world of others and the ability to reconfigure one's own consideration to capture the world of others” (Natale and Sora, 310). It is empathy that makes others feel what others feel, hence a call to end prejudice and put oneself in another person's shoes. This is the only reason why companies tend to provide high-quality goods recommended for consumption by all members of society. It is empathy that allows businesses to operate in the market without engaging in unhealthy business practices such as price wars that could have affected the efficiency to be achieved in the market. It also allows business ethics to adhere to the laws and regulations that control the company's operations. Therefore, with empathy, the company cannot design a strategy to exploit consumers. It also provides for a