Why Do Business Exist? Review

We cannot let our work and living conditions limit our success, we must take control of the situations in our lives. As much as we have all heard it, we need to keep a positive attitude and mindset, or at least try to. This is probably the easiest way to take control of the situations you are in; keeping a positive attitude has been known to increase your physical and mental health, which can really only benefit you. In a study performed by the University of California, Riverside, in which productivity, happiness, and overall physical and mental well-being were analyzed in working individuals, it was concluded that a positive attitude and outlook has a great effect on one’s life. Generally positive, or “happy people,” were found to be more satisfied with their jobs, to perform tasks better, and less likely to be unemployed and more likely to be physically healthier and live longer than their less happy peers (Joy). Positive people being less likely to be unemployed allows these individuals to accumulate more money, which makes the general public happier nowadays, and this ultimately makes the dream of having success more easily attainable. Happy individuals being found to be healthier and to therefore live longer than less happy individuals gives these happy individuals more time to attain the “American Dream” as well. Keeping

The most universal goal every human has in common is the pursuit of happiness or “creation or construction of happiness” (Achor, 78). To be able to fulfill this wish of becoming happy, people often think the key to achieving happiness is success. In the book, The Happiness Advantage by Shawn Achor, he debunks this theory of success leading to happiness by illustrating the reverse theory of success. Through dozens of studies and experiments as forms of evidence, the author argues that an individual needs to achieve happiness in order to be truly successful. Achor 's argument is valid in that happiness should come before success because there is a clear advantage to being successful in an individual’s work life, personal sphere, and liveliness if they are happy first and foremost.

Happiness is one of the most significant dimensions of human experience. Many people can argue that happiness is a meaningful and desirable entity. Studies indicate that everyone pursues happiness in various aspects of their life. Our four fathers saw happiness as a need, so they made the pursuit of happiness as one of the three unalienable rights branded in the Declaration of Independence. There is a sense of complexity behind the meaning of happiness; its definition is not definite. Think of happiness as a rope; there are many thin fiber strands bonded together to become the strength of the rope. Like the analogy of the rope, there are numerous factors that can contribute to an individual’s overall happiness in life. This study is going to

In finding happiness at work, there is a large but limited set of values or factors; the key is determining how much of each value is needed. The individual is the only one who can make the determination of how much of each value is needed. What makes one person happy at work is not the same combination for the next guy. One guy may value a big salary to be happy while another could be just as happy with a little less pay and a little more involvement. The right mix of variables is personal because priorities need to be set. Rare is the job that provides all the values that you need in the exactly right proportions. Because of the rarity of the perfect job, we need to decide on what values we could be content with upholding.

Though employees’ happiness is also important, how does this ensure added value to the organization? Considering that employee’s happiness is seen as an end in itself, what will be value if the happiness cannot be mapped to the existence or goals of the organization? More–so, my reservation for this theory is because the servant leader often sacrifices his/her own well-being to help employee succeed. Helping others is good and helping the community is laudable, but it should not be at the expense of one’s own well-being. Other theories also show or have the element of help for people, but are map-able to organizational

Business is an occupation or profession of the purchase and the sale of goods, in which an attempt to make a profit. As a business can also be a person or corporation engaged in exchanges, manufacturing, or a service to seek profit. Every second the national debt continues to grow, the government feels raising the federal budget will make a difference, but it will not. If were sought to help alleviate the national debt my proposition would be to raise the minimum wage, which not only benefits the people, but it can the government as well.

In the video titled “The Happy Secret To Better Work”, Shawn Achor really outlines how being happy and staying positive can really change your life. In other words Achor is referring to positive psychology. When referring to the world around us Achor really believes the majority of people focus on only the negatives and not the positives. He also talks about how that reality might not be what shapes us but in actuality it is our brain that puts a lens on how we perceive things and that may change our happiness. Achor also outlines another trait of our brain, which is that we as humans set progressing goals that never seem to be fulfilled due to human nature. He finishes his presentation by giving the audience some ways to help reverse the way we see the world and help our work and life in general.

Following Malcolm Gladwell’s idea on “the story of success”, Sonja Lyubomirsky put happiness to the test. Happiness has many great advantages that some may not think about. Studies shown happiness leads to stronger relationships, higher work performance, and even living longer with many health benefits.

The purpose of business is commonly perceived negatively by the general public. Most people believe that businesses are started solely for the purpose of making money for its investors. However, according to Mackey (2013), “business has the potential for a higher purpose; to improve our lives and create sustainable value for all stakeholders of a business”. During the interview Mackey (2013) says that “business creates the goods and services that make our lives better”. At any rate, most people still view business as a necessary evil until more businesses adopt the conscious capitalism philosophy.

Because happiness can be different things to different people, Happiness Advantage examines the importance of defining the happiness. People tend to follow the pattern of success leads to happiness; however, after many experiments, Achor has found out that people actually experience the moment of happiness before they successfully reach their goal. It’s important for a person to learn how to improve her mood and raise her level of happiness throughout the day. So that she can retrain her brain to capitalize on positivity in order to improve productivity and performance.

The modern business management world has changed dramatically since, the book published 2008, “The Five Most Important Questions…” by Drucker. To do the business or run an organization, first ask the question “why we are doing business?” Best assessment is always depends upon asking the right question, not providing the right answers. In these managerial decisions, the important and difficult job is never to find right answer, it 's to find the right question to the organization (Drucker, 2012).

Thus, my purpose will be to point out some structural and essential aspects for the understanding of the problem, regardless of the concrete analysis of such a “business”.

An organization is a group of people, such as a foundation or an academy that worked together to accomplish multiple goals and is associated to an external environment. There are different types of organization, some organization formed to earn income for its owners but some other organization which called non-profits are worked for public purposes. There are 3 main types of business organization Such as:

Another vastly used concept in management theory and practice i.e. the positive psychology pursues organisational virtues and social responsibility. Positive psychology is applied in contemporary management to facilitate social relation between a leader and his subordinates to develop a sense of security and create positive emotional states of the individuals. With smaller sized team and more freedom in work,Google Inc. keeps the employees working towards a set purpose besides instilling high levels of self- motivation and work empowerment within them. Google Inc. focuses on noble tasks and convince their employees of their significance in bringing changes and peace to the world by organising the world’s information and making life better for individuals and the society(Cook 2012).Hence,it can be observed that through positive psychology,high employee satisfaction and achievement can be gained through self-motivation,self-improvement and self-inspiration by incorporating passion in their work and align them with the organization’s own’s values.This in turns improves the company’s productivity and innovation ability which will then elevate the corporation’s social and economic status.

An organization, put in simple terms is a group or assembly of people working alongside one another to achieve common goal or objective through a division of labor and or responsibilities. Business organizations in free market economies are formed to provide services or deliver goods to ultimate consumers for profit. Generally speaking, people form an organization because it provides a means of using individual strengths within a group to achieve more than can be accomplished by the aggregate efforts of group members working individually.