Explain the Idea of Possible Selves, and Describe How Possible

question 68

Essay

Explain the idea of possible selves, and describe how possible selves can affect behavior.

Understand the concept of internal integration and external adaptation in organizations.

Identify and describe the stages of organizational socialization and their significance.

Recognize the potential dysfunctions of organizational culture and solutions.

Differentiate between various organizational cultures and their impacts on employee behavior and company performance.

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Definitions:

Fat Tails

Refers to the occurrences of extreme movements in stock prices or higher than normal risks in investments, which lead to heavy tails in a probability distribution.

Kurtosis

Measure of the fatness of the tails of a probability distribution. Indicates probability of observing extreme high or low values.

Skewness

A measure of the asymmetry of the probability distribution of a real-valued random variable about its mean.

Tail Risk

Risk of extreme events in the far tail of the probability distribution.