The Central Idea Behind Organizational Development (OD) Is to Fundamentally

question 70

Multiple Choice

The central idea behind organizational development (OD) is to fundamentally change

• A) all technology within the organization.
• B) the organization's culture.
• C) the way the organization does business.
• D) the organization's strategic direction.
• E) employee attitudes toward their work.

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Definitions:

Behavioral Economics

A field of economics that examines how psychological, social, cognitive, and emotional factors influence the economic decisions of individuals and institutions, and how those decisions vary from those implied by classical theory.

Loss Aversion

In prospect theory, the property of most people’s preferences that the pain generated by losses feels substantially more intense than the pleasure generated by gains.

Behavioral Economics

A field of economics that studies how psychological, cognitive, emotional, cultural, and social factors affect economic decisions of individuals and institutions.

Loss Aversion

A cognitive bias where individuals fear losses more than they value equivalent gains.