analytical techniques – exam paper (1)analytical techniques – exam paper

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— The relationship between income and consumption gets well illustrated OECD (Edt. 2013). According to the report of OECD (2013), in a nation the level of consumption by the respective population must remain proportionate to the national income of the country. In case of more consumption, the possibility is that people are paying more to the suppliers and hence more income to those to supply. However, there can be some exceptions. As for instance, if the population of a nation is buying things as per their demands from some other nation, then the expenditure is liable to get create more income opportunities for the other nation. This can stand vice versa, if some other nation is consuming from the selected nation. In this case, the consumption of the other nation will be the income of the selected country.

Thus, term income refers to the earnings attained by an individual or a nation, whereas consumption refers to the intake as consumed by an individual or a nation. These terms are interrelated to each other through the scale of demand and supply. The demand generates consumption, whereas supply generates income. The demand leads to consumption and thus the supply to this demand at a price creates income for the person or nation that is supplying the consumable demand.

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— The managerial efficiency of an organisation plays a vital role in attracting investors to the company. In this context, the research analysis by Paolini and Tena (2014) derived that the investors must gain adequate amount of faith on the managerial team of the organisation for investing at large. This remains practically noted, irrespective of the size of the firm. However, these scholars marked that the managerial capabilities of big firms are stronger than smaller forms and hence the investors are more attracted to the bigger firms for bigger investments.  The role of an efficient management in the arena of working capital turns up significant as it is based on his or her performance that the company becomes liable to gain growth. As they are responsible for the maintenance of the financial health of the organisation, the investors are very keen in checking over the portfolios of these managers, prior to investment. With higher level of satisfaction over the efficiency levels of the managers, the investors are very inclined to invest more in the particular company.

As the investors count a lot in the professional efficiency levels of the managers, for capital investments, they are also equally concerned about the personal participations and efforts of the managers in adding growth related edge to the company. Thus, long term trend of profitability and sustainable strategies for maintaining appropriate financial health by the manager of a company gets keenly scrutinised by the investors and as the same gets positively accepted, the capital determination gets confirmed.

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The methods for the implementation of on-the-job training by various organisations get noted in terms of job rotation within the company, coaching facilities, instruction sessions for the job, committee assigned for projects, and training under internship. The provision for job rotation is a n approach that comprises of movement of the recruited trainees from a particular job profile to another for gaining maximum amount of knowledge as well as experience for different kinds of departments and tasks (Nazar, 2016). In this process the trainee gets exposed to various technical and HR related issues that prevails in a company. The provision for coaching facilities created appropriate environment for learning a particular job. As the trainee remains under strict supervision, immediate feedbacks and corrections helps him/her in getting the right way of accomplishing the job. The provision for instructions for completing a task in a job is meant to gain self-participation of the trainee through step-by-step methods. Under the scope of committee assigned for projects, a group of newly recruited trainees are offered with a task and they need to act as a team in resolving the task, hence enhancement of team work. Lastly, the training provisions under internship training refers to both theoretical as well as practical training scope for the trainees. In this method of on-the-job training, a small stipend is offered to the trainees and they are lest into the practical field of action (Nazar, 2016). This method emphasises in the acquisition of knowledge from practical field.

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— As noted by Udo-Imeh, et al (2015) the definition for personality by Gangajail (2009: 97) is very acknowledging as it states, “personality is something which is difficult to explain in one sentence. It is very vast and dynamic….” In the process of understanding the term personality, there are innumerable theories developed by many scholars. The initiations led by psychodynamic theory derived that the development of the human personality is the caused by determined interaction between the unconscious and instinctual feelings or forces in the person. To this approach, Freud added the advanced psychoanalytic theory that related the instinctual drives of a person with his/her early experiences of childhood. To this structure the Neo-Freudian theories accepted the tripartite personality structure and declared that personality is about the relevance of the unconscious instinct in a child that get triggered by defensive mechanism and anxieties as faced in the early phase of life.

The development of trait theory for the understanding of personality, focused mainly over the quantitative assessment of the human traits. Traits get noted as pre-dispositional mode of attribution that remains stable on occasional terms. However, under diversified situations there is every possibility that the personality of the individual will act differently.

The exploration of behavioural theory referred the personality as a result of interaction initiated between individual factors as well as the influences of the environment on the particular individual. This school of thought rejects the belief that mental state is the root to a personality. It rather remains concerned with measureable and observable external incidents in the making of a personality. The humanistic theory on understanding personality considers human as a good entity and at large holds personality responsible for the actions as led by the individual. This is a theoretical approach that amalgamates cognitive and the social learning as acquired by an individual.

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1. –There are basically five different models of organisational behaviour. These are autocratic model, custodial model, supportive model, collegial model and system model (Kouzes and Posner, 2015).

The proceedings of autocratic model for organisational behaviour, gets identified by the implementation of power and formal hierarchical authoritative practices within the organisation. In this model the owners and the managerial designations takes the responsibility of managing organisational tasks and thereby controls the staff and the employees working under their perusal. In this system, the employees as the lower levels are hardly exposed to any control over the working functionality of the organisation.

The organisational behaviour under custodial model concentrates in offering economic security to the employees. Such securities comprises of adequate incentives and salaries. The management concentrates in gaining the loyalty of the employees and motivate them towards the goal of meeting organisational objectives. Retention of efficient employees under this system remains to be the core concern of the management (Kouzes and Posner, 2015).

In the supportive model of organisational behaviour, the emphasis is led over aspiring kind of leadership within the organisation. This model is much involved in motivating its employees and staff towards the act of building transparent relationships. The ideology concentrates in evaluating the performance of the employees on regular basis.

The collegial model in understanding organisation behaviour is related to teamwork, where every member of the team acts as colleagues, irrespective of their designations. In this model, all the members get enough space to express their innovative ideas and suggestions.

Under the provision of the system model, the determined organisational behaviour concentrates in comprehending the overall team structure and the working environment of the organisation for overall development. This is a model that is very contemporary in trend and is effective in current international marketing scenario.

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