Download or read book Behavioral Economic Method Solves Organizational Consumption and Productivity written by Johnny Ch Lok and published by Createspace Independent Publishing Platform. This book was released on 2018-05-25 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: The field of behavioral economic can be fined as a combination of economics and psychology that tries to capture human behavior in a more realistic. Understanding each consumer individual consumption behavior, we need to know how who does each decision to influence each consumption choice. Consequently, analysis reaches the conclusion. Every high or low level stable basic income consumer individual behavioral consumption that the microeconomic consequences of a stable basic income of individual consumer target consumption group could be efficiency enhancing, but at the same time incentives about positional concerns could lead to wasteful and inefficient spending to the stable low basic income consumer target group.

Download or read book Behavioral Economic Method Solves Organizational Consumption and Productivity Ch written by Johnny Ch Lok and published by Createspace Independent Publishing Platform. This book was released on 2018-05-19 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether can apply behavioral economic method to raise productivity, service performance in organizations and predict consumer individual emotion in consumption market. I write this book aims to explain whether behavioral economy methods can be attempted to solve how to raise productivities challenge in organizational sitations as well as how to predict consumption behaviors challenges.

Download or read book Behavioral Economic Method Solves Organizational Consumption and Productivity Challenges written by Johnny Ch LOK and published by . This book was released on 2018-05-20 with total page 439 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part One Behavioral micro and macro economic conceptChapter One Behavioral economy method predictsorganizational behavioral changes and marketing behavioral changes. Over the past 20 years, many researchers believe to apply behavioral economic macroeconomic models which can predict market behavioral change. The reasons are based on assumptions of optimizing behavior in many cases have difficulty accounting for key real-world observations. Hence, researchers have used behavioral economics assumptions with the aim of making their model predicting better fit the data. The reason for behavioral economics results into macroeconomics will be more accurate to predict market behavioral change in macro-economy view point, such as economic fluctuation prediction, the consumption, formation of expectations and determination of wages and employment how to aggregation supply and the possibility of consumer individual demand product or service number prediction more accurately. Which assumptions should one now make when analyzing macro-economic questions? Economists believe some marketing changing behavioral assumptions that have already been implemented in macro-economic models, such as fairness consideration. Hence, marketing changing behavioral assumptions are needed for explaining macro-economic concept. ⦁ How to apply behavioral economy theory to predict marketing behavioral changes more accurate? Anyway, economists aim to develop models of human behavior and interactions in market in order to build useful models. Economists make simplifying assumptions to analyze why the market will be changed by consumer individual consumption behavior changing.Why do I assume consumers are as economic man ? In behavioral economy view point, how the perception of the economic man's behavior (including consumer choices) of economic models with the development of economics as a science. Economists explain the concept of economics as a science. It is the concept of consumer as an economic man, the essence and complexity of consumer behavior. The consumer and consumer purchasing behavior are an important area of interest of many scientific disciplines. The process of economic decision making as well as consumption choices are connected with wider human activities. The terms of both consumer individual attitudes and group social behavior will influence group social behavior will influence consumer individual final consumption decision in every consumption choice process. Thus, behavioral economy method can predict consumer behavioral changing, it can apply these sciences to research, includes sociology, psychology, anthropology, operational research, decision theory etc. different literature research aspects. I assume that businessmen can apply behavioral economy method to predict market changing behaviors successfully if they own behavioral economy knowledge. In this part, I shall concentrate on explain how the perception of the economic man's behavior ( including consumer choice) is applied to predict market behaviors. After explaining the concept of consumer as an economic man, the nature and complexity of consumer behavior are discussed to below different industries' marketing behavioral changing every case studies in US or UK countries. Why is consumer as an economic man? IN behavioral economy view point, the concept of answer is one of the fundamental concepts in economics because the consumer is the case market participant along with the producer. In general, lecturers define the consumer in various ways, but in behavioral economy view point, consumers mean economy man.

Download or read book Behavioral Economic Method Solves Consumption and Productivity Challenges written by Johnny Ch LOK and published by . This book was released on 2018-05-20 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why is consumer as an economic man? IN behavioral economy view point, the concept of answer is one of the fundamental concepts in economics because the consumer is the case market participant along with the producer. In general, lecturers define the consumer in various ways, but in behavioral economy view point, consumers mean economy man. Because who will compare cost and benefit to any product or service to decide to choose to buy the product or consume the service. Consumers are as "economic man", who will make own subjective preferences ( tastes), habits and traditions and existing objective constraints ( i.e. disposal income) market prices of products and services in order to satisfy whose needs to a maximum degree and in the most rational way. Thus, economic man means consumers need to make psychological mind to decide whether who either prefer to buy this product or another product or prefer to consume this service or another service more suitable. Thus, any markets or industries need have themselves benefits and consumers must need to evaluate whether the product or service has more benefits to compare other products or services in the consumption market to satisfy whose needs. It means that if the product or service has more benefits to compare other similar products or services. Then the product or service will persuade many consumers to choose to but the product or consume the service. Consequently, in first part, I shall indicate how to apply behavioral economy theory : economic man psychological method, benefits and costs benefits method, how to predict these US and UK enterprises marketing behavioral changing more accurate. Nowadays, public and private organizations are increasingly applying behavioral economics methods current or prospective force and more specifically, about their employees' tastes. It has important implications for broader organizational performance, since some designs/ incentives are likely to affect only individuals with a particular disposition, e.g. risk averse or fairness oriented. Behavioral economics refers to the integration of psychological and social insights into economic refers to the integration of psychological and social insights into economic analysis. Such as, understanding of organizational performance. Given that organizations are basically groups of interdependent people, it follows that people's psychology and social concerns are key elements in the functioning of organizations, such as the design of choice and incentive compensation scheme to encourage employees to work hard. These organizational applications are typically carried out under the assumption of homogeneous agents. To put it differently, behavioral applications are generally thought for an " average", representative individual.

Download or read book Behavioral Economic Method Solves Organizational Consumption and Productivity written by Johnny Ch Lok and published by . This book was released on 2018-05-26 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: The field of behavioral economic can be fined as a combination of economics and psychology that tries to capture human behavior in a more realistic. Understanding each consumer individual consumption behavior, we need to know how who does each decision to influence each consumption choice. Consequently, analysis reaches the conclusion. Every high or low level stable basic income consumer individual behavioral consumption that the microeconomic consequences of a stable basic income of individual consumer target consumption group could be efficiency enhancing, but at the same time incentives about positional concerns could lead to wasteful and inefficient spending to the stable low basic income consumer target group.

Download or read book Behavioral Economic Method Solves Consumption and Productivity written by Johnny Ch LOK and published by . This book was released on 2018-05-23 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: How can behavioral economists judge each behavioral consumption cause? Economists will see evidence that consumers often are unable to make use of what consumers know about whose available options and whose preferences to figure out the best available option. However, although economic theory doesn't always assume self- interested behavior to any consumers, as a practical matter, most applications of economic theory assume that consumers act according to self- interest to decide every behavioral consumption of choice. For insurance industry is one good behavioral economy market example, insurance market competition can make rational consumption. Such as competitive market in auto vehicle accident insurance will charge very high rates to some insurance buyers who might to drive a fast speed, but unsafe motorbike, this one might argue will protect the driving insurance buyers from taking stupid risk. So learning can make rational consumers. Even if consumers are predictably irrational, who can learn from their families and other consumer' or friends behavioral mistakes, therefore, over time irrational consumers will learn to be rational to make the most irrational consumption. As a result, there are few opportunities to learn from consumer individual mistakes of any consumption of decision. Finally, if there are many potential; bad choices and one good consumption of choice, it might take a lot of costly experimentation to figure out the right consumption of choice. Thus, the standard economic model of behavioral consumption of prediction method, which is standard economic theories assume that consumers are rational, strong-willed , and self-interested, but evidence from psychology shows that who are not and that evidence also shows that consumer individual irrationality has predictable features. So, it seems behavioral economic model can make economic predictions more accurate by using the evidence on consumer individual predictable irrational behavioral prediction in any kind of the similar products in competitive market nowadays.

Download or read book Behavioral Economy Method Solves written by Johnny Ch LOK and published by . This book was released on 2018-05-20 with total page 744 pages. Available in PDF, EPUB and Kindle. Book excerpt: The consumer and consumer purchasing behavior are an important area of interest of many scientific disciplines. The process of economic decision making as well as consumption choices are connected with wider human activities. The terms of both consumer individual attitudes and group social behavior will influence group social behavior will influence consumer individual final consumption decision in every consumption choice process. Thus, behavioral economy method can predict consumer behavioral changing, it can apply these sciences to research, includes sociology, psychology, anthropology, operational research, decision theory etc. different literature research aspects. I assume that businessmen can apply behavioral economy method to predict market changing behaviors successfully if they own behavioral economy knowledge. In this part, I shall concentrate on explain how the perception of the economic man's behavior ( including consumer choice) is applied to predict market behaviors. After explaining the concept of consumer as an economic man, the nature and complexity of consumer behavior are discussed to below different industries' marketing behavioral changing every case studies in US or UK countries. Why is consumer as an economic man? IN behavioral economy view point, the concept of answer is one of the fundamental concepts in economics because the consumer is the case market participant along with the producer. In general, lecturers define the consumer in various ways, but in behavioral economy view point, consumers mean economy man. Because who will compare cost and benefit to any product or service to decide to choose to buy the product or consume the service. Consumers are as "economic man", who will make own subjective preferences ( tastes), habits and traditions and existing objective constraints ( i.e. disposal income) market prices of products and services in order to satisfy whose needs to a maximum degree and in the most rational way. Thus, economic man means consumers need to make psychological mind to decide whether who either prefer to buy this product or another product or prefer to consume this service or another service more suitable. Thus, any markets or industries need have themselves benefits and consumers must need to evaluate whether the product or service has more benefits to compare other products or services in the consumption market to satisfy whose needs. It means that if the product or service has more benefits to compare other similar products or services. Then the product or service will persuade many consumers to choose to but the product or consume the service. Consequently, in first part, I shall indicate how to apply behavioral economy theory : economic man psychological method, benefits and costs benefits method, how to predict these US and UK enterprises marketing behavioral changing more accurate. Nowadays, public and private organizations are increasingly applying behavioral economics methods current or prospective force and more specifically, about their employees' tastes. It has important implications for broader organizational performance, since some designs/ incentives are likely to affect only individuals with a particular disposition, e.g. risk averse or fairness oriented. Behavioral economics refers to the integration of psychological and social insights into economic refers to the integration of psychological and social insights into economic analysis. Such as, understanding of organizational performance.

Download or read book Consumer And Organizational Time Psychology written by Johnny Ch Lok and published by . This book was released on 2019-07-18 with total page 524 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether can apply behavioral economic method to raise productivity, service performance in organizations and predict consumer individual emotion in consumption market. I write this book aims to explain whether behavioral economy methods can be attempted to solve how to raise productivities challenge in organizational situations as well as how to predict consumption behaviors challenges. This book divides two parts. Part one, I explain what behavioral economy mean and what behavioral economic methods can be applied to predict consumer emotions and raise staff productivities behaviors.In part one, chapter one I shall explain how to apply behavioral economic method to predict normal basic income consumption client group's habitual spending behavior as well as how to apply behavioral economic method to predict how labor market changing behavior and predict when labor market changes will occur in order to solve shortage of labor or job supply shortage challenges, I shall explain how can apply behavioral economy method raises basic stable income consumer consumption desire, I shall explain behavioral economy method to explain what is the mean of basic stable income consumption great of small amount desire, how to apply life-cycle advertisement method to predict of consumer behavior, and explain how to apply behavioral economy method to raise electricity consumption from electricity user individual habit.In part one, chapter two, I shall explain how to apply behavioral economic method to build consumer confidence is as a predictor of consumption spending. I shall also explain what confidence in consumption survey means and I shall apply behavioral economy method to explain how and why to apply survey to gather data in consumption market. It can measure how much degree of confidence of overall clients to the brand of product or service as well as how to build consumer confidence to buy the brand of product or consume the brand of service as well as I shall also explain what a confidence indicator means and how to apply confidence indicator to predict how many potential consumers will choose to buy the brand of product or consume the brand of service. I shall explain how to apply behavioral economy methods to influence employee individual psychology to achieve to raise productivity of long term incentive invention. I shall apply behavioral economy method to explain why increasing salary is short term incentive productivity method, how to improve the design of incentive structures to encourage productivities organizations, how to build employees and managers kindly co-operational relationship method, explain whether bonus method can encourage service performance to be raised as well as how to apply behavioral economy method to explain how to predict human motivation natural behaviors. I shall apply behavioral economic method to explain that why under-level productive efficiency is not represent low production number to the manufacturer as well as low-consumption desire is not represent less consumer demands or customers lose confidence to the product.In part two, I shall indicate some large organization cases how to apply behavioral economy methods to predict consumer behaviors and solve consumer desire challenges as well as how to apply behavioral economic methods to raise staff productivities.On part three, This first part explains how and why time pressure will influence marketing behavior. I shall indicate some service and product case to explain what the time pressure consumption environment can influence consumer decision making. I also indicate some large international organizations to explain how and why consumers will feel time pressure to influence their consumption behaviors. This second part explains how and why time pressure will influence employees feel that they need learn how to change their working behavior in order to adapt their working pressure environment.

Download or read book Can Psychological Method Solve Consumption and Productivity Challenges written by Johnny Ch LOK and published by Independently Published. This book was released on 2018-07-08 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether can apply behavioral economic method to raise productivity, service performance in organizations and predict consumer individual emotion in consumption market. I write this book aims to explain whether behavioral economy methods can be attempted to solve how to raise productivities challenge in organizational situations as well as how to predict consumption behaviors challenges. This book divides two parts. Part one, I explain what behavioral economy mean and what behavioral economic methods can be applied to predict consumer emotions and raise staff productivities behaviors. In part one, chapter one I shall explain how to apply behavioral economic method to predict normal basic income consumption client group's habitual spending behavior as well as how to apply behavioral economic method to predict how labor market changing behavior and predict when labor market changes will occur in order to solve shortage of labor or job supply shortage challenges, I shall explain how can apply behavioral economy method raises basic stable income consumer consumption desire, I shall explain behavioral economy method to explain what is the mean of basic stable income consumption great of small amount desire, how to apply life-cycle advertisement method to predict of consumer behavior, and explain how to apply behavioral economy method to raise electricity consumption from electricity user individual habit. In part one, chapter two, I shall explain how to apply behavioral economic method to build consumer confidence is as a predictor of consumption spending. I shall also explain what confidence in consumption survey means and I shall apply behavioral economy method to explain how and why to apply survey to gather data in consumption market. It can measure how much degree of confidence of overall clients to the brand of product or service as well as how to build consumer confidence to buy the brand of product or consume the brand of service as well as I shall also explain what a confidence indicator means and how to apply confidence indicator to predict how many potential consumers will choose to buy the brand of product or consume the brand of service. I shall explain how to apply behavioral economy methods to influence employee individual psychology to achieve to raise productivity of long term incentive invention. I shall apply behavioral economy method to explain why increasing salary is short term incentive productivity method, how to improve the design of incentive structures to encourage productivities organizations, how to build employees and managers kindly co-operational relationship method, explain whether bonus method can encourage service performance to be raised as well as how to apply behavioral economy method to explain how to predict human motivation natural behaviors. I shall apply behavioral economic method to explain that why under-level productive efficiency is not represent low production number to the manufacturer as well as low-consumption desire is not represent less consumer demands or customers lose confidence to the product. In part two, I shall indicate some large organization cases how to apply behavioral economy methods to predict consumer behaviors and solve consumer desire challenges as well as how to apply behavioral economic methods to raise staff productivities.

Download or read book Behavioral Economy Methods Solve Organizational Consumption written by Johnny Ch Lok and published by Independently Published. This book was released on 2019-01-11 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: Overall, some consumers will feel those perceived risks to influence who decide to buy the travel ticket package product from e-service sale channel. Such as performance risk, it means the possibility of the product manufacturing and not performing as it was designed and advertised and failing to deliver the desired benefits, financial risk, it means the potential monetary outlet associated with the initial purchase price as well as the subsequent maintenance cost of the travel package product (ibid). The current financial services include potential for financial loss, due to fraud, time with means travel consumers may lose time when making a bad purchasing decision by wasting time researching and making the purchased, learning ow to use a product or service only to have to replace if it does not perform to expectations, psychological risk means potential loss of self oneself. Travel consumers feel unwise if they experience a non-performing travel package products and may experience their feelings of harm to their self-image from the frustration of not achieve their buying goals, social risk means potential loss of status in one's social group as a result of adopting a travel package product or service, looking foolish, privacy risk means potential loss of control over personal information, such as when information about travel package purchase used without the travel customer's knowledge or permission. A travel consumer is carrying a criminal use whose identity to perform fraudulent transactions. Overall, when any one consumer feels one of those perceived risk will occur, then any one of these risks will influence who to choose to use e-service transactions method to buy travel package product from internet. So, travel package internet shopping seems have bad image to influence travel consumer shopping choice of channel as well as travel consumer demand of the travel package product will be reduced if who feel e-ticekt service transaction channel is not safe to whom.Is online video and television service is to be affective in predicting technology adoption to influence consumption behavior choice? It seems online video and television and online e-ticket travel package service which are similar to behavioral economy analysis. Such as the online entertainment consumer who can use computer to watch online video and television in anywhere, e.g. library, at home etc. places. Even some online video and television service can provide free charge to let any entertainment consumer to watch any time from internet. So, who will feel no any expense. Online e-ticket buying service can let the travel consumer use whose computer to compare any airline companies' e-tickets prices and travel date and time schedule and travel destination from internet at home conveniently. So, who does not need to spend transportation cost or driver whose car to to to the travel agent or airline to buy paper airline ticket. Hence, both online video and television rent service and e-airline ticket consumption services can help consumers spend less time and expense to make consumption decision at home in short time. It is a popular online consumption behavioral economy model.

Download or read book Behavioral Economic Method written by Johnhny Ch LOK and published by . This book was released on 2018-05-20 with total page 744 pages. Available in PDF, EPUB and Kindle. Book excerpt: . Raising electricity consumption from electricity user individual habit For electricity use market case example, how to analyze people's behavior in consuming electricity using a behavioral economic framework ? Electricity consumption is modeled by the means of consumer's individual useful habit, electricity price, consumer satisfaction level, willingness to invest in new technologies, social interactions, and marketing strategies by the power utility. Because electricity is necessary to every home or electric vehicle users needs or businessmen office etc. different needs every day. Power companies supply electricity to a region's homes and industries. However, electricity needs modernization of power system companies expect to increase price. Due to competitive factor, such as other fuel resource choices, outdated kind of energy electricity supply, and renewable fuel energy source competition. Hence, applying behavioral economic concept, I assume electricity consumers will compare to electricity and other kinds of energy choices to weigh up the costs and benefits of all alternatives, aiming to maximize their benefits, before making a decision to choose to use electricity for their house electricity demand or electric vehicle or shop or factory manufacturing etc. function of different aspects of electricity users. For example, electricity business clients, they aim to reduce cost, such as energy expenditure, when they use any energy to manufacture their products in factories. If they feel electricity is expensive price to compare other kinds of energy power supply. When, they feel that they can not earn much beneficial advantages to use electricity to produce their products. Otherwise, if they feel other any kinds of energy supply can replace electricity to give more benefits to compare electricity energy. Then, many business electricity users will change to use other kinds of energies to consume to replace electricity power. However, electricity can have competitive ability in electric vehicles market, if many drivers feel environment protection is more important to compare vehicles will be popular to be driven, due to many drivers don't want air pollution. They will like gas vehicles. Hence, the main attribute from the consumer side is one their habit electricity consumption behaviors, satisfaction level, energy efficient interaction with the power utility. Consequently how to predict electricity consumer's demand. The important factor is how to let electricity users to feel power companies are changing a reasonable level to compare other similar energy supply products. When electricity users feel electricity which can bring more benefits to compare other kinds of energy products. Then, in energy supply market, if the demanding number of electricity consumers can increase more than other kinds of energy demanding number. Then, it is right time to raise electricity price to charge electricity consumers. Hence, how to persuade electricity consumers to feel that they can have more benefits to compare other kinds of energy products. It is the main successful factor to electricity power supply companies.

Download or read book Behavioral Economic Method Predicts Consumer And Employee written by Johnny Ch Lok and published by . This book was released on 2019-09-23 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Under-level productive efficiency and low-consumption desire behavioral economic influencesIn behavioral economic influence view point, I feel that under-level productive efficiency is the represent low production number to the manufacturer as well as low-consumption desire is not represent less consumers demands or customers lose confidence to the product. On the one hand, I shall apply behavioral economic method to analyze why under productive efficiency is not represent low production number influence. Otherwise, I feel under-productive efficiency will have possible to increase production number after the manufacturer can review what factor(s) to influence under-productive efficiency.I shall give reasons to explain as below: As Jim, P. & Brendan. M. (2013) indicated who had ever been experiencing failure to do their businesses. Although, they had lost a million dollars, but they felt that they can be taught to learn undiscovered knowledge to know how to do their businesses successful by their wrong judgement and decision learning experience. They explained that " in ll risk taking, speculation, business ventures, entrepreneurial activities, it is the loss side on which you must focus first. This is even true for gambling, the gambler determines how much he's willing to bet, and loss, before the game is played. He doesn't wait for the game to end and then let the croupier or dealer assign his wager for him. How do you determine the downside, and how do you control or minimize it? With objective decision making and a plan that has as its starting point the stop-loss parameters"Hence, it explains any business will have under-level productive efficiencies and low consumption desire business risk. However, to any one entrepreneur, who needs to know it is one game between the himself/herself and whose clients. They also need to know with objective decision making and a plan that has as its starting point. Hence, I assume that if the entrepreneur has wrong decision to cause under-level productive efficiency, it is possible that, due to there is no enough employee number to manufacture the product or many employees are not skillful to manufacture all product in normal time or many employees are lazy etc. different factors to cause under-level productivities. However, when they discover their productivities are very low to compare similar competitors their employees' productivities and efficiencies. Then, they can attempt to find what factor(s) to cause low productivities and low efficiencies. it is possible that any one among of these factors case. They include many employees' lazy to influence low productivities or there is no enough employee number or many employees are not skillful to manufacture their products in production process.

Download or read book Behavioral Economy Method Impacts Productivity written by Johnny Ch LOK and published by . This book was released on 2019-07-05 with total page 542 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book divides two parts. Part one, I explain what behavioral economy mean and what behavioral economic methods can be applied to predict consumer emotions and raise staff productivities behaviors.In part one, chapter one I shall explain how to apply behavioral economic method to predict normal basic income consumption client group's habitual spending behavior as well as how to apply behavioral economic method to predict how labor market changing behavior and predict when labor market changes will occur in order to solve shortage of labor or job supply shortage challenges, I shall explain how can apply behavioral economy method raises basic stable income consumer consumption desire, I shall explain behavioral economy method to explain what is the mean of basic stable income consumption great of small amount desire, how to apply life-cycle advertisement method to predict of consumer behavior, and explain how to apply behavioral economy method to raise electricity consumption from electricity user individual habit.In part one, chapter two, I shall explain how to apply behavioral economic method to build consumer confidence is as a predictor of consumption spending. I shall also explain what confidence in consumption survey means and I shall apply behavioral economy method to explain how and why to apply survey to gather data in consumption market. It can measure how much degree of confidence of overall clients to the brand of product or service as well as how to build consumer confidence to buy the brand of product or consume the brand of service as well as I shall also explain what a confidence indicator means and how to apply confidence indicator to predict how many potential consumers will choose to buy the brand of product or consume the brand of service. I shall explain how to apply behavioral economy methods to influence employee individual psychology to achieve to raise productivity of long term incentive invention. I shall apply behavioral economy method to explain why increasing salary is short term incentive productivity method, how to improve the design of incentive structures to encourage productivities organizations, how to build employees and managers kindly co-operational relationship method, explain whether bonus method can encourage service performance to be raised as well as how to apply behavioral economy method to explain how to predict human motivation natural behaviors. I shall apply behavioral economic method to explain that why under-level productive efficiency is not represent low production number to the manufacturer as well as low-consumption desire is not represent less consumer demands or customers lose confidence to the product.In part two, I shall indicate some large organization cases how to apply behavioral economy methods to predict consumer behaviors and solve consumer desire challenges as well as how to apply behavioral economic methods to raise staff productivities.On part three, This first part explains how and why time pressure will influence marketing behavior. I shall indicate some service and product case to explain what the time pressure consumption environment can influence consumer decision making. I also indicate some large international organizations to explain how and why consumers will feel time pressure to influence their consumption behaviors. This second part explains how and why time pressure will influence employees feel that they need learn how to change their working behavior in order to adapt their working pressure environment.

Download or read book How Behavioral Time Method Explains and Predicts Organizational Behavior written by Johnny Ch LOK and published by . This book was released on 2019-05-20 with total page 543 pages. Available in PDF, EPUB and Kindle. Book excerpt: IntroductionWhether can apply behavioral economic method to raise productivity, service performance in organizations and predict consumer individual emotion in consumption market. I write this book aims to explain whether behavioral economy methods can be attempted to solve how to raise productivities challenge in organizational situations as well as how to predict consumption behaviors challenges. This book divides two parts. Part one, I explain what behavioral economy mean and what behavioral economic methods can be applied to predict consumer emotions and raise staff productivities behaviors.In part one, chapter one I shall explain how to apply behavioral economic method to predict normal basic income consumption client group's habitual spending behavior as well as how to apply behavioral economic method to predict how labor market changing behavior and predict when labor market changes will occur in order to solve shortage of labor or job supply shortage challenges, I shall explain how can apply behavioral economy method raises basic stable income consumer consumption desire, I shall explain behavioral economy method to explain what is the mean of basic stable income consumption great of small amount desire, how to apply life-cycle advertisement method to predict of consumer behavior, and explain how to apply behavioral economy method to raise electricity consumption from electricity user individual habit.In part one, chapter two, I shall explain how to apply behavioral economic method to build consumer confidence is as a predictor of consumption spending. I shall also explain what confidence in consumption survey means and I shall apply behavioral economy method to explain how and why to apply survey to gather data in consumption market. It can measure how much degree of confidence of overall clients to the brand of product or service as well as how to build consumer confidence to buy the brand of product or consume the brand of service as well as I shall also explain what a confidence indicator means and how to apply confidence indicator to predict how many potential consumers will choose to buy the brand of product or consume the brand of service. I shall explain how to apply behavioral economy methods to influence employee individual psychology to achieve to raise productivity of long term incentive invention. I shall apply behavioral economy method to explain why increasing salary is short term incentive productivity method, how to improve the design of incentive structures to encourage productivities organizations, how to build employees and managers kindly co-operational relationship method, explain whether bonus method can encourage service performance to be raised as well as how to apply behavioral economy method to explain how to predict human motivation natural behaviors. I shall apply behavioral economic method to explain that why under-level productive efficiency is not represent low production number to the manufacturer as well as low-consumption desire is not represent less consumer demands or customers lose confidence to the product.In part two, I shall indicate some large organization cases how to apply behavioral economy methods to predict consumer behaviors and solve consumer desire challenges as well as how to apply behavioral economic methods to raise staff productivities.On part three, This first part explains how and why time pressure will influence marketing behavior. I shall indicate some service and product case to explain what the time pressure consumption environment can influence consumer decision making. I also indicate some large international organizations to explain how and why consumers will feel time pressure to influence their consumption behaviors. This second part explains how and why time pressure will influence employees feel that they need learn how to change their working behavior in order to adapt their working pressure environment.

Download or read book Behavioral Economic Social Science written by Johnny Ch Lok and published by Independently Published. This book was released on 2021-05-07 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Behavioral economy theory brings what advantages to our societyWhy do we need behavioral economy to help us to solve social or business problem?Whether what are the actual benefits, they may bring to influence our societies change better? I shall attempt to to explain above question. Economic is the social science that examines how individuals, businesses and entire societies manage scarce resources. Resources are by nature, limited. Only a finite amount of land exists, e.g. and people do not have unlimieted time to meet all of their needs and wants. So, if we can learn ho to apply behavioral economy theory to avoid resources waste, then our societies ought develop better.Our society had changed from traditional economy to develop to nowadays knowledge economy. Traditional economy only produce and take what they need, so there is no waste or inefficiencies involved in produdig the goods required to survive as a society. However, traditional economy also have disadvantages, such as it isolates the people within that economt, large outside economies can win a traditional economy. It offers choices, these may be a lower overall quality of life, it creates specific health risk, unpredictability creates survival uncertainties.Although, our societies had been experiencing knowledge economy, but it also have disadvantage, knowledge economy means that our societies or business organizations need to learn how ro use knowledge management to keep business growth or social developing. Knowledge management is a systematic approach to capturing and making use of a organization collective expertise to create value. The potential advantages of effective knowledge management are significant, but as with most processes, advantages of knowledge management or knowledge econmic society may include: Improved organizational or social productivities better and faster decision making, quicker problem solving, increased rate of innovation, supported employee/citizen growth and development within organizations or societies, sharing of specialiat expertise, better communication, improved business processes.Hence if the organization or society can apply behavioral economic theory to learn knowledge management system, it can help the organization or society to develop better or more easier, e.g. create better products and services, develop better strategies, improve profitability or productivity, reuse existing skills and expertise, increase operational efficiency and staff productivity, recognise market trends early and gain on advantage over rivals make the most of organizations or social intellectual capital . Hence, it explains why when our organizations or societies can apply behavioral economy theory to learn how to apply knowledge management system to develop our organiztations or societies. Then, our societies or organizations will avoid to waste social resource organizational resource as well as achieve more productivities or service improvement, even gain profitability, it is the final aim of why our organizations or / and societies need to attempt to learn how to apply knowledge management system to achieve any objectives in behavioral economy view.On conclusion, behavioral economic is the study of the effect that our societiesand organizations need to learn how psychological factors have on the economic decision making process of individuals. The importance of understanding behavioral economics for marketers is immeasurable as it follows for a better understanding of the human mind. So, behavioral economics plays a important role in our live and in the economy. It helps governments and businesses learn on every day consumers activities and explains why we consume goods and services, the way we do, why we make certain choices, about ourselves or others and how we decide of action .

Download or read book Economy and Marketing and Organizational Behavior Cases Studies written by Johnny Ch LOK and published by Independently Published. This book was released on 2018-04-14 with total page 562 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first part, I shall explain what the labour economy concept is. I shall indicate evidences to give my reasons to predict knowledgeable jobs, such as online office workers, online freelance electronic book authors, online survey researcher, online business researcher etc. internet channel office jobs which will be caused popularly in the future. So, I shall indicate why employers need to concern this online job issue because nowadays employees prefer to work free time and no overtime often. Then, I shall indicate why employers need to concern labor ethic issue and how it can improve the absolute living standard to reduce poor occurrence. I shall indicate some developed countries, e.g. America, England etc. countries and some developing countries, e.g. China and Hong Kong. To give reasons to indicate why this countries' economy growth can not improve the low income level householders living standard in fact. Moreover, I also indicate one economy method to recommend how governments can use this policy to attempt to improve the low income level householder living of standard more accurately to assist employers to raise productivity indirectly.Finally, I shall explain why employers ought to consider the ethics to labor to judge whether how to do right decisions to keep the fairness productivity and the welfare and benefits to whose employees. I also indicate why labor ethics and productivity and even economic growth which has close relationship, so why economists and employers who need to concern ethics to labor to judge to make any social benefits of decisions. Finally, I shall give economic concepts and assumptions to let readers to judge how to do connect moral behavior when to decide labor welfare and raising productivity. It is suitable to any economists or employers who have need to learn how to do the right behavior to satisfy whose employees' emotion to raise productivity. How behavioral economics can provide more realistic psychological foundations. This book is intended to provide an introduction to the approach and methods of behavioral economics, and to some of its major findings, application, and promising new directions. I shall explain how the process of behavior economic field develops, then I shall show what methods are used to measure behavioral economy. Next, I shall indicate what the main two categories of behavioral economy are as well as I shall explain what risky and uncertain outcomes of individual behavior economic theories are as well as what behavioral game theory is. Finally, I shall explain behavioral economic principles of policy makers or decision makers as well as I shall also analyze whether behavioral economy and psychology which has close relationship. This book is suitable to any economists or policy makers or individual consumption makers or students or working people who have interest learn how to apply behavioral economy to judge to do the most reasonable or the most right economic activities in everyday life. The end, I shall apply above mentions to explain what the differences are between labor economy and behavioral economy clearly. This book is suitable to any students, labor or behavioral economists, employers and employees to read. I also hope you can learn more new and unique economic knowledge to assist your economic research in the future.

Download or read book How Behavioral Economic Method Explains and Predicts written by Johnny Ch LOK and published by . This book was released on 2019-06 with total page 523 pages. Available in PDF, EPUB and Kindle. Book excerpt: Will one consumer feel difficult to make consumption choice or one employee feel pressure to work when the worker works in the company's high pressure productive environment or the consumer makes difficult purchase choice in high pressure consumption environment? Will time pressure bring motivation to the consumer purchase decision or the employee working efficiency? It depends on some factors to either cause time pressure working environment or raise the employee individual efficiency , or time pressure consumption environment can either encourage the consumer purchase decision or discourage the consumer purchase decision . I shall explain as below:What does efficiency mean? Due to economic problem is a scarcity of resource, efficiency is concerns with the optimal production, consumption environment. For time pressure consumption situation example, e.g. supermarket shopping counter check out purchase queue waiting time pressure, cinema purchase ticket queue waiting time pressure, restaurant queue waiting booking table time pressure etc. different consumption pressure time waiting situation. For time pressure woring situation example, e.g. supervisor's demand tasks finishing on time before the employee leaves the office on the day, then the supervisor's demand will cause the employee feels time pressure to do all tasks on time, otherwise, he needs to work overtime, even no extra allowance compensation to his extra time loss, or the employee needs to do another employee's tasks , due to he is absent on the day. However, this situation can be called economically efficient production or consumption if: no one can be worse off, no additional output can be obtained, without increasing the amount of inputs, production proceeds at the lowest possible per unit cost. For these economic efficient consumption situation example, the consumer has much time to wait, the shop has less different styles of products to let them to spend time to choose in the shop's shelf. However, these definitions of efficiency are not exactly equivalent, but all they are caused by the idea that a system is efficient if nothing more than be achieved given the resources available. On time pressure working environment influence aspect, Time pressure working environment may bring efficiency, but time pressure working environment may also bring inefficiency, e.g. employing workers who are not necessary for the productive process. For example, a firm may be more concerned about the political implications of making people redundant than getting rid of surplus workers, or lack of management control, if a firm does not have supervision of workers, then productivity may tall as workers talk it easy, not finding cheapest suppliers, a firm may continue to source raw materials from a high cost supplier rather than look for cheaper raw materials to be supplied to let workers to work in one short time task finishing environment. Then, they may feel short time task finishing pressure to bring inefficiency production result.I shall indicate efficient production and efficient consumption situations as below: