Digital Marketing

  Concept of National Income National income means the value of goods and  services  produced by a country during a  financial year . Thus, it is the net result of all economic activities of any country during a period of one year and is valued in terms of  money . National income is an uncertain term and is often used interchangeably with the national dividend, national output, and national  expenditure . We can understand this concept by understanding the national income definition. The National  Income  is the total amount of income accruing to a country from  economic activities  in a years’ time. It includes payments made to all resources either in the form of  wages , interest, rent, and profits. The progress of a country can be determined by the  growth  of the national income of the country National Income Definition There are two National Income Definition ·       ...

  Business cycle : Business cycles are intervals of expansion followed by recession in economic activity. They have implications for the welfare of the broad population as well as for private institutions. "Business cycles are a type of fluctuation found in the aggregate economic activity of nations…a cycle consists of expansions occurring at about the same time in many economic activities, followed by similarly general recessions…this sequence of changes is recurrent but not periodic." A business cycle, sometimes called a "trade cycle" or "economic cycle," refers to a series of stages in the economy as it expands and contracts. Constantly repeating, it is primarily measured by the rise and fall of gross domestic product (GDP) in a country. Stages of a business cycle Think of business cycles like the tides: a natural, never-ending ebb and flow from high tide to low tide. And the same way the waves can suddenly seem to surge even when the tide...

  Work Group Performance and Satisfaction Explanation of work group, performance and satisfaction Definition of work group “A group of people working together toward a common goal, also known as a working group" Another definition Work group is a group which consists of two or more individual that interacts primarily to share information and to make decision to help each member perform within his or her area of responsibility. Five Components of GBM being practices from selected company Group Behavior Model is the main components which are influencing to the performance and satisfaction levels of groups. I will explain each components of GBM where the company being practices. An external condition is imposed on group Every work groups is influence by external conditions imposed by outside it. This external conditions include organization’s overall strategy, the structure of authority, formal regulations, resources, employees’ selection process, performance a...

Group development Definition Group development refers to the process by which members of newly formed work teams learn about their teammates, establish their roles and responsibilities, and acquire the task work and teamwork capabilities required to coordinate their effort to perform effectively as a team . 5 stages of team development Now that we know where the stages come from, let’s break down the ins and outs of each stage and what you can expect from your team in each.   1  Forming  The first stage is  forming , which is when the members within the team first come together to meet. It can be considered the period of orientation when everyone is getting to know one another and becoming acquainted. Think of the forming stage like the first day of school or the first day at a new job. There’s excitement in the air and everyone is ready to roll up their sleeves and get started on the project. Usually, group dynamics and roles have yet to be establish...