Essays on Gimenez

The butterfly effect is a concept indicating that minor causes may have vast effects. It is best explained in Chaos theory by Edward Lorenz where he derives the concept from the exact time a hurricane is formed and the path it takes during its occurrence under the influence of a minor change such as a distant butterfly previously flapping its wings for several weeks. While studying the behavior of his weather model he noted that a very minor change in the initial conditions had resulted to a considerably different outcome. As a result, butterfly effect concept is the subtle ...

Scenario Planning

The concept of scenario planning involves deriving a probable future situation, usually achieved through consistent description of one possible future outcome. Many researchers and other professionals attribute the process of scenario planning with a number of advantages, and highlight different approaches that can be utilized in deriving future scenarios. This paper seeks to evaluate the existing literature regarding scenario planning, the process of undertaking scenario planning, and the associated advantages.Specifically, the paper will evaluate the effects of communication technological advancements on the process of management. The development of future scenarios helps an organization to focus on how the process ...

Abstract

Values are the enduring perspectives that an individual strongly holds to judge between right and wrong. In addition, with the help of such values an individual is able to perceive and interpret the surroundings on the basis of which, an individual is able to make correct decisions. Since values play such crucial role in an individual’s life. It has been indicated that values have significant role in influencing the attitude of an individual i.e. commitment and job satisfaction along with other factors. On the other hand, it has also been indicated that conflicting values systems can negatively influence ...