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Everyday Econ Essay Papers

Introduction

Nowadays nobody can exist alone in the world and it is also difficult for one person to achieve success. Ken Blanchard who is an American author and management expert said "none of us is as smart as all of us" (HeartQuotes 2007).

Therefore, teamwork plays a very significant role in the daily life.

Teamwork is the abilities of a group of individuals who make different contributions to work together towards the achievement of a common vision (Teamwork in multiprofessional care p7 2000)

The word 'team' has appeared in human's history over three thousand years ago; in the primitive society, both tribal and racial beings were all gregarious, because of these dynamic groups, they could cooperate to collect food and resist beast for surviving (Team Roles at work p1-3 1993).

Nowadays teamwork is still essential in different areas; the development of the global economy and the globalization process, requires people coming from different countries and with different skills and specializations to operate consistently together.

Nowadays, teamwork is still needed in different areas today. With the development of the global economy, economic co-operation becomes popular among different countries.

These require people, coming from different countries, to operate consistently.

Consequently, teamwork plays an essential role in the process of globalization...

Otherwise, for the moment teamwork should combine the traditional team which with good reciprocal interpersonal relationships, but still developing (Teamwork in multiproffessional care p3 2000).

As a result, how to build an effective and successful teamwork is important, high-performance teamwork can not only increase productivity and creativity in organization but also direct individual's accomplishment toward organizational objectives.

Generally, to build a successful team goes through processes of forming, storming, norming and performing was identified by Tuckman in 1965 (A Handbook of Human resources management p196 2001).

Nevertheless, one of the essential elements in a high-performance teambuilding should be concerned is leadership which comes from the personal character of the leader who achieve the task and maintain the team, enthuses team members with commitment to their work (Effective leadership development p6 2006).


References

Michael Armstrong (2001), A Handbook of Human resource management practice, London

Malcolm Payne (2000), Teamwork in multiprofessional care, published by PALGRVE

R. Meredith Belbin (1993), Team Roles at Work

Philippe Lasserre (2002), Global Strategic Management, published 2007 by PALGRAVE MANCMILLAN New York

John Adair (2006) Effective leadership development London

Heart Quotes2007 Teamwork Quotes and Proverbs Available at: http://www.heartquotes.net/teamwork-quotes.html


Original

Nowadays nobody can exist alone in the world and it is also difficult for one person to achieve success. Ken Blanchard who is an American author and management expert said "none of us is as smart as all of us" (HeartQuotes� 2007). Therefore, teamwork plays a very significant role in the daily life. Teamwork is the abilities of a group of individuals who make different contributions to work together towards the achievement of a common vision (Teamwork in multiprofessional care p7 2000). The world 'team' has appeared in human's history over the three thousand years. In the primitive society, both tribal and racial beings were all gregarious, because of these dynamic groups, they could cooperate to collect food and resist beast for surviving (Team Roles at work p1-3 1993). However, teamwork is still needed in different areas today. With the development of the global economy, economic co-operation becomes popular among different countries such as WTO. Because of cooperation and communication among countries deepens, numbers of global companies like Coca-Cola has appeared around world (Global Strategic Management p15 2002). These require people who come from different countries to operate consistently. Consequently, teamwork plays an essential role in the process of globalization... Otherwise, for the moment teamwork should combine the traditional team which with good reciprocal interpersonal relationships, but still developing (Teamwork in multiproffessional care p3 2000). As a result, how to build an effective and successful teamwork is important, high-performance teamwork can not only increase productivity and creativity in organization but also direct individual's accomplishment toward organizational objectives. Generally, to build a successful team goes through processes of forming, storming, norming and performing was identified by Tuckman in 1965 (A Handbook of Human resources management p196 2001). Nerveless, one of the essential elements in a high-performance teambuilding should be concerned is leadership which comes from the personal character of the leader who achieve the task and maintain the team, enthuses team members with commitment to their work (Effective leadership development p6 2006). In a word, an effective teamwork has a great significance for the business management.


Reference

Michael Armstrong (2001), A Handbook of Human resource management practice, London

Malcolm Payne (2000), Teamwork in multiprofessional care, published by PALGRVE

R. Meredith Belbin (1993), Team Roles at Work

Philippe Lasserre (2002), Global Strategic Management, published 2007 by PALGRAVE MANCMILLAN New York

John Adair (2006) Effective leadership development London

Heart Quotes2007 Teamwork Quotes and Proverbs Available at http://www.heartquotes.net/teamwork-quotes.html

Source: Essay UK - http://www.essay.uk.com/free-essays/economics/teamwork.php


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Linda Senior Lecturer in Economics, Essay UK Researcher Team.

The assignment is my response to the distressing finding that six months after having completed a standard introductory economics course, students are no better able to answer questions about basic economic principles than others who have never even taken economics. In standard courses, hundreds of concepts — many of them embedded in complex equations and graphs — often seem to go by in a blur. In contrast, grappling with questions that students care about appears to be a far more effective learning strategy. And that’s in no small part because the problems they pinpoint are so intriguing.

For example, another student, Chris Kissane, observed that motorists who receive costly speeding tickets are typically granted large fine reductions just for appearing in court, even when they offer no evidence of mitigating circumstances. Why, he wondered, should a brief court appearance cut a speeding fine by two-thirds or more?

He began by suggesting that the challenge of local governments is to devise an incentive system that deters high-income motorists from speeding without imposing crushing economic burdens on drivers with lower incomes. Noting that means-tested fines would probably be unlawful, he proposed that governments may simply be employing the familiar retailer’s strategy of making price discounts available to potential customers who wouldn’t buy without them.

Many sellers, for example, offer substantial price breaks to buyers who mail in a rebate coupon. That strategy works because most buyers who are willing and able to pay high prices won’t bother to jump that hurdle. Having to appear in court, Mr. Kissane argued, is a similarly effective hurdle because the high value of a wealthy motorist’s time would make it irrational to lose several hours in court just to save a few hundred dollars. But those who work for low wages or are retired, unemployed or still in school would regard that same savings as ample compensation for a brief court appearance.

It’s fun to watch the learning process unfold during the semester. The week before their first paper is due at midterm, students often ask whether the questions they have in mind are sufficiently interesting. Frequently, I tell them they’ve still got several more days and might want to think a little longer. But when students come by late in the term, before the second paper is due, they’re more likely to be having trouble choosing among several interesting options. A common query is: “Professor Frank, can I do a medley?” Between midterm and term’s end, their brains have somehow become rewired to see the world differently.

HERE’S a final example, this one by Justin Barclay: “Why do airlines now offer deep discounts to travelers who are willing to let someone else choose their destination?” Travelers who visit GetGoing.com and choose the dates they want to travel to either of two cities are offered discounts of up to 40 percent off published fares. Once they’ve paid, GetGoing chooses one of the cities at random, and the deal is done.

This practice, Mr. Barclay argued, is an effective way of targeting discounts to leisure travelers, who are more price-sensitive than business travelers. If you’re traveling on business, you can hardly allow your destination to be determined by a coin flip.

Studying biology enables people to observe and marvel at many details of natural environments that otherwise would have escaped notice. In much the same way, mastering a few basic economic principles can cast the mundane details of ordinary existence in a sharp new light.

On the basis of e-mails from former students over the years, I’ve concluded that the Economic Naturalist assignment was an effective response to my concern about the ineffectiveness of traditional introductory courses. Once students discover how costs and benefits shape everyday experience, their mastery of economic principles doesn’t decay over time; it grows stronger.

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