You Recently Overheard Your Boss Stating That, "Our Company's High

question 40

Essay

You recently overheard your boss stating that, "Our company's high growth rate is making it difficult for us to keep the business open, and we're frequently forced to rely on bank loans to keep us from going bankrupt." This statement confused you: isn't a high growth rate a good thing to have? Clearly explain why or why not and discuss how firms with a problem such as yours resolve their dilemma.

---

Definitions:

Direct Request

A straightforward form of communication where an individual asks for what they need or want clearly and explicitly.

Social Pressure

is the influence exerted by society or a social group on an individual to conform to group norms or behaviors.

Groupthink

A psychological phenomenon that occurs within a group of people, where desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Social Psychologists

Scientists who study how individuals think, influence, and relate to one another in social contexts.