Explain the Concept of Managed Float

question 50

Essay

Explain the concept of managed float.

Grasp the ethical considerations and decision-making imperatives for 21st-century managers.

Appreciate the impact of dynamic and changing environments on organisational strategy and operations.

Understand the integration of different management theories into contemporary management practices like Theory Z.

Recognize the features and importance of learning organizations in promoting continuous improvement.

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Definitions:

Wertheimer

A psychologist and one of the founders of Gestalt psychology, known for his work on perception and problem-solving.

Functionalist

In psychology, a perspective that emphasizes the purpose and adaptive functions of mental and behavioral processes.

Psychoanalytic

A method of psychology and therapy developed by Sigmund Freud, focusing on unconscious motives and conflicts.

Existential

Pertaining to existentialism, a philosophy that emphasizes individual freedom, choice, and existence.