Dan Price read in an article that employee happiness will increase when they are less stressed due to financial problems (Cohen, 2015). The result of this article is that Price publicly declared a planned increase in the compensation income of Gravity Payment employees, which will reach a minimum of $70,000 at the end of three years (Cohen, 2015). The problem with this perception is that it is contradicted by the study of Stevenson and Wolfers (2009, p.33) where the level of employee happiness within the United States will not increase despite an improvement in their income. Other studies ...
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Introduction
The paper intends to discuss the significance of critical thinking and system thinking approaches in solving the problems that may arise in the organizations. The prospect of the problems needs to be treated strategically irrespective of the nature of the problem to ensure the sustainable outcomes. However, it has been observed that the managers or the leaders regard even the complex problems as the simple ones, and that results in costing the business practices or even generating troubles to the global position of the business (Gharajedaghi, 2011). In this regard, the paper presents the problem of cultural diversity within ...
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