Define the Pygmalion effect, and explain how you can use it to get a final grade of A or B in this class.
What will be an ideal response?
The self-fulfilling prophecy, also known as the Pygmalion effect, describes the phenomenon in which people's expectations of themselves or others lead them to behave in ways that make those expectations come true. The lesson for you as a manager is that when you expect employees to perform badly, they probably will, and when you expect them to perform well, they probably will.
To get an A or B in this class, students will want to set up their own self-fulfilling prophecy: "I will get do very well in my management course." By putting themselves in this frame of mind, they internalize all the activities necessary for getting an A or B: reading all the assignments, showing up for class, doing all the homework, completing projects and group activities on time, and studying for and doing well on tests. The student is therefore more likely to make the time to do all the work required to get a very good grade in the course.
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Indicate whether the statement is true or false.
What is one way that organizations can increase their productivity?
A. Increase inputs B. Reduce human capital C. Reduce outputs D. Increase physical capital
Luarca Corporation has two manufacturing departments--Casting and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates:??CastingCustomizingTotal?Estimated total machine-hours (MHs)2,0003,0005,000?Estimated total fixed manufacturing overhead cost$11,600$7,200$18,800?Estimated variable manufacturing overhead cost per MH$1.90$2.80?During the most recent month, the company started and completed two jobs--Job F and Job L. There were no beginning inventories. Data concerning those two jobs follow:??Job FJob L?Direct materials$10,600$6,600?Direct labor cost$24,400$8,600?Casting machine-hours1,400600?Customizing machine-hours1,2001,800Required:Assume that the company uses a plantwide predetermined
manufacturing overhead rate based on machine-hours and uses a markup of 50% on manufacturing cost to establish selling prices. Calculate the selling prices for Job F and Job L. What will be an ideal response?
Suppose a multinational corporation is particularly worried about ethnic warfare in a few countries in which it is considering investing. Do country risk ratings have information on this particular risk?
What will be an ideal response?