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doradorami109
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Top Contributor
Apr 06, 2022
In General Discussions
Economic development is a process by which the education, well-being, health, income and standard of living of the general population improves. This is where the economy will gradually grow, change and become advanced. In other words, B2B Email List a nation achieves economic development when emerging economies become advanced economies and you can see a gradual shift from agriculture to industry to services which will result in economic growth. Economic development is the priority of local, state and federal governments because it will lead to improved innovation and new ideas, higher literacy rates, job creation, an improved environment, to the creation of greater wealth, the support of the workforce and a better quality of life. Economic growth and development is an important field of study that students can study at institutions such as the Norman Paterson School of International Affairs and the International Institute of Social Studies. One of the world's most renowned economists, Amartya Sen, views economic development as “the creation of freedom for people and the removal of barriers to greater freedom”. Types of indicators and indices of economic development Although economic growth and economic development are related, they cannot be used in the same context. Economists use different types of economic development indicators and indices or measures to assess the growth and development of a country or region. Some of the most popular types of economic development indicators or indices available are: 1. Human Development Index (HDI) The Human Development Index (HDI) is one of the most popular types of economic development indicators and indices that help measure the average achievements of a country. It was introduced as part of the United Nations Development Program (UNDP) in 1990. It takes into consideration three variables related to the standard of living, knowledge and the longevity of human development. HDI measures standard of living by GDP per capita income, knowledge by combining adult literacy rate and total gross enrollment rate in tertiary, secondary and primary education and longevity by life expectancy of life at birth. This composite indicator tracks changes in a country's level of economic development over time. 2. GDP per capita – growing development population GDP per capita is a type of economic development indicator and indices that can be calculated by dividing the domestic product by the mid-year population. This measure of global prosperity is used by economists to find and analyze a country's economic productivity and prosperity. It is easy to use as its components can be tracked globally. 3. Introduction of GDI and GEM The UN created the Gender Development Index (GDI) and the Gender Empowerment Index (GMI) to measure a country's gender equality. Both are common types of economic development indicators and indices that were introduced in the UNDP Human Development Report of 1995. 4. Gender Development Index The GDI is often thought of as a composite indicator used to measure the average achievement of a country's population while adjusting for gender inequalities. This type of economic development indicators and indices are used to know the gender gap by taking into account the differences between men and women through variables such as standard of living, knowledge and health.
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doradorami109
Top Contributor
Top Contributor
Apr 06, 2022
In General Discussions
Team development is an approach where training and support is provided to a group of individuals so that they can work as an organized unit to achieve organizational goals. A team must share the same attitude and orientation to balance individual and common goals, B2B Email List because only then can they work together and achieve team development. Building and maintaining a team with members with different abilities is not an easy task. It takes considerable effort to create a growth mindset among individuals so that they can stop thinking about individual needs and replace them with team goals and accomplishments. The 5 Stages of Team Development Bruce Tuckman was a psychology researcher who published a theory known as Tuckman's Stages of Group Development in 1965. According to his original theory there are four stages of team development Forming, Storming, Norming and Performing but in 1977 , he added a fifth stage of team development the deferment stage. The five stages of team development follow each other so that individuals can become an effective team that can mitigate weaknesses and build strengths. According to Tuckman's theory, a team cannot grow overnight. He must go through the five stages to create team dynamics and achieve the desired results. What is the formative stage of team development? forming step Stage 1 Forming, as the name suggests, is the first of five stages of team development. This is the introductory or honeymoon phase, as all individuals must begin to make adjustments to be part of the team. Members often experience various emotions in the beginning like enthusiasm, nervousness, politeness, optimism, and apprehension as they are insecure about each other. The forming stage of team development is when individuals begin to understand that they are an integral part of the team and will need to work together. They try to familiarize themselves with the basic aspects of their tasks, roles and responsibilities through discussions on topics such as project purpose, ground rules, designation of authority, interest, background and the skills of the members, the deadlines and the role of the team members. The forming stage of development helps to develop a better understanding and a strong relationship with each other. What is the assault phase of team development? assault stage Stage 2 storming as its name suggests is the second of five stages of team development. It often occurs during the first conflict and means that the honeymoon period is over. As team members begin to work together, there will be interpersonal and technical challenges and differences in opinions, work styles and personalities. Sometimes members are overwhelmed with tasks, or they are unable to find work balance and in some cases team leaders can be challenged by a member who thinks they can do a better job. The initial excitement and politeness are often replaced by anxiety, annoyance, frustration and disagreements. People realize that the reality is very different from the initial glow of working together harmoniously. The assault phase of team development is important because the leader must step in and fix any problems. He will have to make sure that each member develops a better understanding and communication and gives his one hundred percent for the well-being of the team. This is the leapfrog stage of development where the leader ensures that each person has stopped thinking about individual needs and started seeing themselves as part of the team. What is the normalization stage of team development? Normalization step The 3rd Stage of Normalization, as the name suggests, is the third of five stages of team development. It is often called the calm after the storm, as members learn to manage conflict and proceed amicably. The work environment becomes familiar and normal and people feel comfortable in their common spaces. The skills of the members are validated, they are aware of their role in the team and are part of a rhythm to become a coherent unit. The normalizing stage of team development is the stage where team members learn to ignore small problems, respect group norms, appreciate the strength of the group, respect and respect each other. ensure that the group dynamic remains strong. Interaction and communication also become open, which leads to better interactions. When taking on new tasks, few conflicts may arise in the normalization phase of team development, but it becomes easier to address and resolve them cordially. What is the performance phase of team development? show scene As the name suggests, Stage 4 of Performance is the fourth of five stages of team development. Here the members get to know each other and the group becomes confident and motivated. Everyone is on the same page and starts working for their common goal. Team learning, group init
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