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Research Paper | Economics & Management | India | Volume 12 Issue 11, November 2023
The Intersection of Business Management and Psychology: Insights and Applications is Appropriate and Relates Well to the Study, but it can be Further Improved
Abstract: This article provides an in - depth exploration of the intersection between business management and psychology, demonstrating how psychological theories and concepts significantly enhance various aspects of business operations. From leadership development using personality theories to the application of emotional intelligence in team management, the article delves into the crucial role of psychology in shaping effective leadership. It also examines the application of Maslows hierarchy of needs in employee motivation, the influence of psychological theories on job design for enhanced satisfaction, and the use of behavioral economics in decision - making and consumer engagement. Further, the piece explores the impact of psychological principles on organizational culture, change management, stress management, and the importance of diversity and inclusion initiatives. It concludes by emphasizing the profound influence of integrating psychological insights in business, leading to more ethical, effective, and sustainable business practices, and the continuous potential for positive transformation in the business - psychology nexus.
Keywords: Business Psychology, Leadership Development, Employee Motivation, Organizational Behavior, Consumer Engagement
Edition: Volume 12 Issue 11, November 2023,
Pages: 1756 - 1758