Reflection On Key Learning & Organizational Behaviour

Student’s Name Instructor Course Date Term Paper 1.0 Reflection on Key Learning One of the topics, which we have learned in this course, is concerned with the tactics and strategies of opening a business based on the amount of capital at his disposal and the organizational culture implemented by a firm. From a personal perspective, opening a business demands capital and dedication to ensure that the career of an individual is successful. Carlsson, Eriksson and Gottfries (1) say that the efficiency wage and bargaining theory argues that organizations set wages above the level of market clearing and the level of labour demands determines the rate of employment. The significance of analysing the job market before deciding to start any business is significant since it offers an investor the ideas that are needed in identifying the level of competitiveness and the simplicity of joining that market. There are numerous theories that have been developed to examine the requirements that are needed before opening up a job. Organizational behaviour plays an important role in the success of an organization since it impacts on various forms of communication strategies and exchange of ideas. This will be of huge benefit to my career choice since it will equip me with skills that are necessary when it comes to investment in small businesses. Studies have shown that alternative theories of the labour market have been used to analyse the variations in the creation of new jobs. For instance, search-matching theory argues that when it comes to job creation, an organization tends to depend on the presence of workers (employment) as well as the level of job openings in other organizations (congestion). Furthermore, efficiency wage and bargaining theory argue that the level of labour demand tends to determine employment creation while the market clearing level tends to influence the wage rate. Research studies done to collect macroeconomic evidence from America and other nations argue indicate that creation of jobs and destruction of employment opportunities tends to co-exist in all stages a business cycle. Organizations tend to have different employment opportunities and experiences, even when they are defined narrowly during aggregate conditions. Mortensen and Pissarides (397) have developed a model that is concerned with the creation of jobs and destruction of jobs and they integrate it into a matching strategy to wage determination and equilibrium unemployment. This is an employment theory that tends to examine the way in which jobs are created in a specific market and the way jobs are destroyed. Organizations tend to experience different factors because of persistent individualistic shocks. This leads to different mechanisms of job creation and destruction, which can then be incorporated, into an aggregate behaviour that is concerned with employment creation and the level of unemployment. This course has examined numerous job creation theories and models and how these affect investors opening up a business. The economy usually has diverse employment opportunities that tend to vary based on the values and aspects of the labour product. The design of each job aims at manufacturing a single unit, which vary from the common product. The variation ten...