Topic > The influence of human emotions on the management of economic structures

In economic structures, there are various ways in which emotions influence the development and management of various operations and activities over time. In fact, the reason for the economic collapse may be linked to the fact that large corporations and global businesses lose touch with the people they serve. As illustrated by Natalie and Sora, “Due to the lack of close contact between large corporations and large businesses with their customers, the economy is destined to collapse” (Natale & Sora, 309). Therefore, in the situation where people do not feel emotions for the goods and services produced by a particular company or company, the demand tends to decrease, a process which can lead to the subsequent inclination of losses since there will be low inventory turnover. Above. As for international relations, when there is greater demand for a product between countries, faster interaction between trading partners will be enhanced. It therefore affects the degree of corporateness in global space. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay Furthermore, emotions influence what people ask for, what they want to produce, what they need to demand from neighboring countries and other trading partners, and how business activities are controlled in free-market economies. According to the study conducted by Sussanne Menzel, “Individuals calculate costs and benefits, usually from the perspective of self-interest and choose what maximizes the benefits over the costs…” (Sussanne Menzel, 71). This shows that, based on emotions, individuals are driven by the search to satisfy their tastes and preferences while making economic choices. Therefore, it may be evident that in an emotionless world, economic activities cannot be induced to take place, a situation that can lead to financial crisis as well as the collapse of the entire market economy. Just like emotions, culture also defines people's level of happiness, as explained in the research conducted by his counterpart Wijers. For example, “Happiness is one of the most important values ​​in life” (Weijers & Joshanloo, 717). Therefore, happiness can only be achieved when there is a good relationship between business partners and between individuals in contemporary society. On the other hand, ethics and empathy also play a role in influencing business performance and growth. Empathy and revenues define a strong corporate presence. For example, as stated by Natalie, “Empathy is the unique ability to understand the world of others and the ability to reconfigure one's consideration to capture the world of other people” (Natale & Sora, 310). It is empathy that makes others feel the way others feel, hence a call to suppress prejudice and put yourself in another person's shoes. It is the sole reason why companies tend to provide high-quality goods recommended for consumption by everyone in society. It is empathy that allows companies to operate in the market without engaging in unhealthy business practices such as price wars that could have affected the efficiency to be achieved in the market context. It also empowers business ethics to adhere to the laws and regulations that control the company's operations. Therefore, with empathy, the company cannot devise a strategy that can aim to exploit consumers. It also provides an allowance to employees; provide debt relief to customers and disaster relief to non-stakeholders. These then allow the market to function efficiently, a process that leads to growth and development of the economy at a given time