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Assume that there is an improvement in the technology used by firms in a perfectly competitive industry that is initially in long-run equilibrium.In the short run this would cause:
Employees' Morale
The overall attitude, satisfaction, and outlook of employees within an organization, affecting productivity and loyalty.
Management Function
Actions such as planning, organizing, leading, and controlling undertaken by managers to achieve organizational goals.
Open Discussions
Conversations where participants feel free to express their thoughts, opinions, and questions in a non-restrictive environment.
Positive Relationships
Interactions between individuals that are characterized by mutual respect, cooperation, support, and understanding.
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