Final Post
I chose this class because I did not know much about economics in organizations at all, and thought I would learn valuable things from this class. The concept that stood out to me the most was Conflict Management, as it is very applicable in every organization due to the dissonance of goals between members of the team. In addition, it is very difficult to provide constructive criticism especially to colleagues without making them feel offended. The supervisor-subordinate example in lecture was especially profound because even with the subordinate's stubbornness and arrogance, the supervisor was able to optimize her choice of words to get the subordinate to work under an experienced employee so that he could improve. Earlier in the semester, the transaction cost topic was very interesting to me, as I mentioned in the corresponding blog post that I recently interned at a decentralized location of a large financial company that I was not sure how justified their high tr...
