Posts: 192
Threads: 107
Joined: May 2008
Reputation:
0
FINDING EXCUSE IN A DREAM IS COSTLY
Psychology is a powerful thing. It could do wonders by dramatically increasing the learning abilities of people. But it also can sharply increase the job performance. And here is one example.
Johnny (for privacy reasons we changed the name) was an honest person. But he wasn’t productive at his job. As a result he earned little money for his family. For thirty years he tried hard to change the situation, but without any positive results. But psychology came to rescue! The reason of his low job efficiency was a total revelation for him.
Somehow, at any former job, Johnny slept into dreaming by imagining being the best in the company. So, dreaming that he will do an excellent job in the future served as a subconscious excuse for him of not doing his direct job today, each minute. As a result he postponed things. He allowed time for himself to make research related to the job positions of his supervisors. Why? Because subconscious “was telling him” that he was going to be on the top! But as a result he was not fulfilling his direct duties.
Now, Johnny is very productive. He was explained how his subconscious tricked him into a low performance. Psychological advice made him a prosperous person. Johnny has lost just thirty years with low income salary. But what about the fate of ENRON and other companies, which collapsed so dramatically. Was it all because of cheating, or may be it had psychological reasons at the root of the problem?
Posts: 1,501
Threads: 114
Joined: May 2008
Reputation:
0
I like your article. Unfortunately we live in a world where everybody wanna become bosses and rule. Not each deserves that.
I am not aware about the fate of "ENRON", can you tell me more about it?
Posts: 259
Threads: 15
Joined: Aug 2008
Reputation:
0
Steven Wrote:I like your article. Unfortunately we live in a world where everybody wanna become bosses and rule. Not each deserves that.
I am not aware about the fate of "ENRON", can you tell me more about it?
Enron :mrgreen: , was one of the biggest companies in the era of the internet raise. When the World Wide Web, began to expand in a tremendous high rate, a lot of opportunities have appeared of nowhere: online shops, casinos, payment processors, services by e-mail correspondence and much more, this meant a lot of business and a lot of money to be explored. All the investor's money from all around the globe were directed to this new sector that promised millions, or even billions. You were considered a fool if you hadn't any investments in one of the companies in the Silicon Valley. This all new, hi tech, gold-rush, made space for a lot of companies to appear in a short period of time, one of which was ENRON. Its shares, as well as the shares of other similar companies, were considered a golden mien. As people were buying those shares, its shares price was increasing, to a state when the company’s share price didn't represent the company's actual financial performance. It couldn't be that bad, but the company was actually in a big financial hole. When the bubble blew out, everybody lost their money.
However as investigators had said, the company’s problem was not the psychology factor, as euigorwith you suggests, but its directors and executive chiefs. I think they are in jail by now or are still facing law suits..and one of Enron's directors accused heart ache recently, if I remember well..
Posts: 1,753
Threads: 92
Joined: May 2008
Reputation:
0
Igor may be right. People had been investing in Enron. Why? Because it was thought to be a whirlpool for money, that should have given you back ten times more. However people's psychilogical factor of believing so much in Enron, just because it was, somehow, fashionable to finance it couldn't stop them in giving more and more money. But, it happened that this money was not managed correctly. Investments are good, but the management board did very little to save the company. In turn, it broke down, since leaders did not assess the real situation the company was in.
Posts: 192
Threads: 107
Joined: May 2008
Reputation:
0
Investment attractiveness is based sometimes on people perceptions about the company's financial soundness. Some ENRON executives could dream that this perception would continue. It didn't happen.
When the ENRON real situation worsened, the executives obligation was to announce the public. They didn't do this. So, Nicolas is right regarding this part of the situation.
But my point was that in the beginning, when everything was going up and high for ENRON, people perception could make some ENRON executives lose the ground, making them dream about castles in the air. They allowed themselves to dream at their work about high earnings. My point was that dreaming at work about something unreal is costly.
It's very interesting that now many investment companies have psychologists working with the personnel. Why? They watch over investment money managers not to be carried away by people perception. I saw a nice slogan use by an INVESTMENT company indicating that investment executives are very careful not to repeat the ENRON company's mistakes. It sounded like this:"The art of people and the science of results".
So I think Helen understood this part of my reasoning. Anyway, thank you both.
Posts: 1,659
Threads: 102
Joined: May 2008
Reputation:
0
What about the case of Groupe Societe Generale (French bank) that lost the previous year an amount of 5 billion euros. Was that because that trader (who is considered to be guilty) thought he could win much more than his investments?
If a kid asks where rain comes from, I think a cute thing to tell him is "God is crying." And if he asks why God is crying, another cute thing to tell him is "Probably because of something you did."
Vegan news | Vegan forums
Posts: 1,660
Threads: 132
Joined: May 2008
Reputation:
0
That trader from Groupe Societe Generale was simply a bad trader. I don't know, maybe he simply pretends he was stupid and didn't know he would lose. I'm sure he took several millions in his pocket.
Posts: 469
Threads: 19
Joined: Aug 2008
Reputation:
0
Well, there is a movie based on exactly the same story: The Rogue Trader. The bad part is that that trader confessed that he didn't take a dime. He passed way in prison in the nineties because of cancer or leukemia.
Posts: 420
Threads: 11
Joined: Aug 2008
Reputation:
0
leukemia is a type of cancer, isn't it?
Posts: 1,660
Threads: 132
Joined: May 2008
Reputation:
0
no, leukemia is "an acute or chronic disease characterized by a gross proliferation of leucocytes, which crowd into the bone marrow, spleen, lymph nodes, etc., and suppress the blood-forming apparatus".
Anyways, I don't understand what happened to that trader, why didn't he take the money, Hakan?
Posts: 469
Threads: 19
Joined: Aug 2008
Reputation:
0
Because he lost them all when the Nikkei index (Japan) dropped because of an earthquake.
Posts: 1,590
Threads: 117
Joined: May 2008
Reputation:
0
Big trans-national companies must hire psychologists to verify their employees' mind and intentions.
Posts: 420
Threads: 11
Joined: Aug 2008
Reputation:
0
Human beings are unpredictable, and that is because we are emotional.
Posts: 1,660
Threads: 132
Joined: May 2008
Reputation:
0
That's exactly what psychologist must control. Besides, by hiring psychologists, entrepreneurs won't have to worry about their personnel's moral condition.
Posts: 469
Threads: 19
Joined: Aug 2008
Reputation:
0
But who controls psychologists?
Posts: 1,753
Threads: 92
Joined: May 2008
Reputation:
0
Hakan G Wrote:But who control psychologists? good question. I believe the general president of the company must control them.
This is the scheme:
president controls psychologists --> psychologists control personnel --> personnel controls money
Posts: 469
Threads: 19
Joined: Aug 2008
Reputation:
0
And if the CEO is a crazy guy, then the company's stocks are supposed to travell to extremes, every day 
Posts: 1,590
Threads: 117
Joined: May 2008
Reputation:
0
What are you talking about? CEO positions may be held probably by one of a few thousands. These people are really smart. They are motivated by good salaries and therefore wish to work hard!
Posts: 469
Threads: 19
Joined: Aug 2008
Reputation:
0
Faw_Peter Wrote:What are you talking about? CEO positions may be held probably by one of a few thousands. These people are really smart. They are motivated by good salaries and therefore wish to work hard!
When big money is in play, nothing really matters.
Posts: 1,660
Threads: 132
Joined: May 2008
Reputation:
0
Now imagine your yearly salary is 10 million euros. Would you risk doing other things that might draw your salary away?
Posts: 420
Threads: 11
Joined: Aug 2008
Reputation:
0
If my salary would be 10 mill a year ten I only have to work for that company for 1 year, or one month in order to retire after this 
Posts: 1,660
Threads: 132
Joined: May 2008
Reputation:
0
Karl.in.eu Wrote:If my salary would be 10 mill a year ten I only have to work for that company for 1 year, or one month in order to retire after this this is what you say now, because you're just a common guy, like all of us. The truth is that a dream is unlimited, when you achieve one dream, your mind gradually builds other dreams. Thus, one never finds true happiness in life.
Posts: 1,659
Threads: 102
Joined: May 2008
Reputation:
0
Terry Wrote:Karl.in.eu Wrote:If my salary would be 10 mill a year ten I only have to work for that company for 1 year, or one month in order to retire after this this is what you say now, because you're just a common guy, like all of us. The truth is that a dream is unlimited, when you achieve one dream, your mind gradually builds other dreams. Thus, one never finds true happiness in life. that's what forms evolution. It's only due to the man's will to achieve something we, people, are happy today, having so many facilities...
If a kid asks where rain comes from, I think a cute thing to tell him is "God is crying." And if he asks why God is crying, another cute thing to tell him is "Probably because of something you did."
Vegan news | Vegan forums
|
