MBA - Creating new knowledge in the workplace Assignment

MBA - Creating new knowledge in the workplace - Assignment Example Knowledge is treated as spatial model of research which is emergent and holistic (Keegan, 2009, pp. 237-239). It has however been argued that emotions play a major role in commercial qualitative research. This paper focuses on the aspect of qualitative commercial research on the emergence and role of emotion in judgment and decision making in workplace to help in creating sense in commercial practice. Discussion Commercial qualitative research is understood as social construction which is depended on historical and cultural context; it is creative processes of interpretation and iterative learning. Qualitative commercial research is a set of research techniques that are applied in commercial and social sciences. In these cases data is obtained from relatively small group of respondents and it is normally not analyzed with inferential statistics which makes it different from quantitative research. The major role of qualitative commercial research is to assist in decision making; it ac ts as consultancy in the commercial setting unlike the academic research that has the primary role of enhancing knowledge. Commercial qualitative research strength is based on creativity, ability to make connections, analytical proficiency, listening, reflections and being innovative (Keegan, 2009, p. 241). Modern scientific advancements have questioned the perception and thinking about the functions and how knowledge is created. According to Jenlink (2009, pp. 74-78) a practitioner leader has to work from range of inquiry methods to explore, create and transform social relations and knowledge within the political, economic and cultural divides of education and society. The essence of scholar practitioner in the mirror of theory is sense of being critical. This entails ensuring that knowledge, values and beliefs are framed within a consideration of implications for creating knowledge and transforming practice contrary to viewing society as collection of people, organizations, job ro les, information and emphasis within complexity thinking on relationships between things. From this point of view culture is dynamic and keeps on changing. Knowledge is recognized as socially constituted, historically embedded by approaches to disciplinary inquiry and epistemological curiosity (Jenlink, 2009, p. 23). A new concept of emergence has come out in the discipline of qualitative research. Some academics have however disagreed with the concept of emergence; this concept describes how patterns arise from local level interactions. It is difficult to understand the patterns or predict them from the behavior of lower level interactions or in a linear way. Emergence focuses on the present moment as the only point of experience and influence even though our experience incorporates the past and the future. According to Jenlink (2009, pp. 198-212), the process perspective takes a prospective view in which future is continuously created in the present on the pretext of the present r econstruction of the past. The idea of emergence is viewed as normal within the context of commercial qualitative research. The study of relationships between individuals, brands, services and their surroundings forms part of commercial qualitative research. Creation of knowledge entails legitimization of research which keeps on evolving. However

ECONOMOC LEVERS. A TOOL TO SAVE THE SHRINKING ECONOMY Essay

ECONOMOC LEVERS. A TOOL TO SAVE THE SHRINKING ECONOMY - Essay Example Adam Smith represents classical, Alfred Marshal represents the neo-classical school of thoughts and the moderns are represented by Lionel Robbins. Adam smith (1723-1790) who is known as a father of economics, in his work "An enquiry into the causes and nature of wealth of nations" defined economics first time in 1776. He, defining economics said that: The above mentioned book of Smith has been divided into four parts; Consumption, production, exchange and distribution of wealth. He came up with an opinion that the wealth, goods and services are produced in every country in accordance with the laws. Concerning the exchange and with regard to distribution of wealth, he developed some laws for mutual exchange and with regard to distribution of wealth. The concept of wealth given by Smith was misinterpreted as well as misunderstood therefore, Ruskin and Carlyle, the renowned social reformers of their own time, declared economics a dismal (negative) branch of knowledge. They said that Smith's definition motivates the people for "wealth worship and make them selfish". Wealth is the mean to reach the end not the end in itself. After the criticism of Ruskin and Carlyle on Smith's theory Alfred Marshall came into play and rectifying many faults and defined economics in a different way. He said: "Economy is the study of man's action in the ordinary business of life. It enquires, how does he get his income and how does he use it. More precisely, "Economics tells how to earn money and how to consume it" (Heather, 2000) Prof. Robbins developed a new definition of economics. As per him: "Economics is the study of human behavior as a relationship between ends and scarce means which have alternative uses". There are three pillars of Robin's theory which help it to sustain and be considered. These pillars are mentioned below. Wants are unlimited and so they compel us to select very urgent wants for having maximum satisfaction. The means, to satisfy these unlimited wants, are limited and create the problem of scarcity. As the means can be used alternatively, a new problem of choice is created. Let's understand this concept with an example: suppose a buyer reaches the market with limited money in his pocket to purchase, then he faces the problem of choice. In other words, he has to take a decision what to purchase and what not to (Harvey 1996) Economic Levers There are a number of economic levers which can be used to keep the economy back on track. We will discuss some of them and analyze that how it helps to aid the economy (Alois & Perelman, 1994). 1. Deflation 2. Devaluation 3. Price Trend 4. Nationalization 5. Liquidity Preference 6. Fiscal policy 7. Rate of interest 8. Employment rate 9. Global Trade. 1. Deflation: When a decrease in the prices of the commodities and goods occur then we can