Derek, Samantha, Raj, and Amira are on a team for their Strategy class. It is a capstone class that involves a semester-long project which will be 50 percent of their grade. All four students have heavy class loads and plan to apply to MBA programs. Derek and Amira think that they would like to go to a business school that emphasizes project-based learning. Raj is more concerned about getting his GPA up. Samantha has emerged as team leader. How can she keep everyone motivated?
What will be an ideal response?
Motivation refers to the psychological processes that underlie the direction, intensity, and persistence of behavior or thought. Direction pertains to what an individual is attending to at a given time, intensity represents the amount of effort being invested in the activity, and persistence represents the time that activity is the focus of one's attention. It is important to understand the principles of motivation if you want to direct your behavior toward achieving personal goals or to manage others in the pursuit of organizational goals.
Samantha will have to emphasize a combination of extrinsic and intrinsic motivators. Extrinsic motivation results from the potential or actual receipt of external rewards, for instance, Raj getting a good grade in this course. Intrinsic motivation occurs when an individual is inspired by "the positive internal feelings that are generated by doing well, for instance, Derek and Amira feeling that project-based learning is the right choice for them."
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A) product development B) diversification C) market development D) market penetration E) differentiation
Why is it important to give yourself feedback and get feedback from others?
What will be an ideal response?
By stressing the "you attitude," writers show that the focus is on the reader
Indicate whether the statement is true or false
Which of the following statements about the balance of payments is NOT true?
A) The BOP is the summary statement of all international transactions between one country and all other countries. B) The BOP is a flow statement, summarizing all international transactions that occur across the geographic borders over a period of time, typically a year. C) Although the BOP must always balance in theory, in practice there are substantial imbalances as a result of statistical errors and misreporting of current account and financial account flows. D) All of the above are true.