Management stress Essay Example | Topics and Well Written Essays - 500 words

Management stress - Essay Example During this stage of stress response, the brain will send an emergency signal to other body parts letting them know of the dangerous situation the individual is facing. The individual can either choose a fight or flight reaction. For example, during a bank robbery, an individual may decide to ‘fight’ the robbers or run away from the scene ‘flight’. In an organizational setting, this phase does not usually affect the performance of an employee. This means that too little stress is unlikely to have an effect on the productivity of employees (Quick, Wright, Adkins, Nelson & Quick, 2013). At this stage, an employee will attempt to resist the stressor. This process is initiated so that the individual can regain balance. It is at this stage that the body puts up a fight, and the human body is likely to achieve its maximum activity levels. The body digs deep into its reserve, and an individual usually feels under pressure and is usually very anxious. According to the Yerkes-Dodson Law curve, it is at this stage that employees in an organization reach their peak performance. This goes to prove that people will usually work their best when under pressure. However, at this stage an individual’s body is usually very weak and is vulnerable to diseases due to a weakened immune system. At this stage, the human body is no longer able to cope with the stress and the body’s adaptive mechanisms collapse. At this stage, the stress is too much, and the body is usually unable to fight with the stressor. At this phase, an individual is usually tired, broken and exhausted. An individual is likely to have sleeping problems, raised blood pressure, digestive issues and is also at a higher risk of suffering from heart disease. Additionally, the individual may suffer from serious conditions like memory loss, mental illness and impaired judgment. The individual may break down due to feelings of

Principle Of Economics Essay Example | Topics and Well Written Essays - 2000 words

Principle Of Economics - Essay Example As stated in Sloman & et. al. (2012), various policymakers and economists use GDP as the measure of economic well-being. Countries are also often graded according to their GDP values in order to decode their economic development in comparison to other economies in the global network (Sloman & et. al., 2012). However, an in-depth understanding to the concept reveals that economists cannot or most justifiably should not focus only on measuring GDP when quantifying the progress of an economy. In other words, there are certain limitations possessed by the concept of evaluating national progress or development depending exclusively on GDP. For instance, GDP has often been criticised to lack in measuring the outputs of all services as well as goods. As a result, the values of few goods as well as services go unrecorded; thus, understating the nation’s economic growth. There are mainly two reasons for GDP to lack in recording goods as well as services. For example, when people tend t o perform their own labour work without involving a third party, the manpower invested or otherwise marketed is not recorded in GDP statics. Illustratively, if parents hire a babysitter for their baby, the service cost is counted as the part of GDP; but, if the parents decide to stay back at home and deliver their services to take care of their baby, the countable opportunity cost of hiring a professional is not considered as the part of the GDP. At the national level, hen similar attributes remain uncounted or ignored to be measured appropriately, the national activities remain understated and the true value of economic production becomes erroneous (Sloman & et. al, 2012). Similarly, GDP calculation procedure also does not take into account the currency flow generated through illegal trading that is commonly attributed as ‘underground economy’. Underground economy specifically comprises of illegal and undeclared transactions. The transaction could be illegal in the for ms of drugs trading, prostitution and smuggling among others. Again, the transaction can be stated as undeclared only in the sense that they are not exposed for the tax purpose and hence, remain unidentified in the GDP calculation procedure (Sloman & et. al., 2012). It is in this context that GDP lacks accounting for intangible variables sourced within the nation to ensure the well-being such as health, happiness, and woes. It also does not include environmental impacts of production functions practiced within the economy, additionally ignoring the unequal distribution of health (Sloman & et. al., 2012). Notably, one major problem faced by economists when measuring well-being or similar intangible variables by using GDP is that it does not include population of a nation into an account. If these variables are taken into account, countries like India and China, those have greater volume of population, shall be better off in comparison to Australia, which is much advanced than the men tioned nations in terms of technology, infrastructure and other production function variables. Again, as per the common principles of GDP, when the production increases it may be attributed to the technological advancement. On the contrary,