Define Organizational Behavior (OB)

question 3

Essay

Define organizational behavior (OB).How does it differ from human resource management?

Understand the concept of cognitive and emotional dissonance.

Comprehend how management should approach emotions in multicultural settings.

Distinguish between internal and external sources of emotions and their relevance in personal and professional contexts.

Acknowledge the role of affective components in shaping attitudes and behaviors at the workplace.

---

Definitions:

Price-Taker Firm

A business that has no control over the market price of its products and must accept the prevailing market price.

Economic Profit

The difference between a firm's total revenue and its total costs, including both explicit and opportunity costs.

Opportunity Cost

The highest valued alternative that must be sacrificed as a result of choosing an option.