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Entrepreneurship

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                   Individual assignment

Question 1 (a) answer

Psychometric test is a standard and scientific approach that measures behavioral style and mental capabilities of an individual (Furnham, 2018). The test is designed to measure the suitability of the candidate for a particular position. The psychometric test helps in identifying to what extend the personality, and cognitive abilities of a candidate match the required one to perform the task. Managers use data from psychometric tests to recognize the candidates’ hidden aspect that could not be extracted from the face-to-face interview (Midiwo, 2016). The test provides personal information that could not be asked in the interview. Therefore, the test provide privacy. Human resource manager are individuals in charge of hiring the candidates. They use the psychometric test to employ the best staff (Bratton & Gold, 2017).  The tests help in hiring and promotion. The test help the human resource management department to come up with the suitable workers. Therefore, the psychometric test help in having effective management. It makes the department of the human resource durable.

Question 1b (i) answer

Globalized products are the ones that are marketed internationally. The products are under a similar brand name, characteristics, as well as specifications throughout the nations. Since CVE corporation has expanded its business, it deals with the globalized products as well as service market. Therefore, psychometric tests will be essential. The test could contribute to better management of the people. The individuals include workers. The psychometric test contribute to development, as well as assessment. In this case, the tests could help the CVE Corporation for informing, and decision making.  The managers would motivate workers to take the psychometric test to enhance their knowledge on their personality and how they differ with those of other workers. Therefore, this will help in having workers who recognize their personality and those of others. Thus, dealing with globalized product will not be a challenge. The workers will be informed, and this will be easy to manage them.

Dealing with informed workers is essential. Since the workers are aware of their personality, they will try to improve on their weaknesses. Therefore, managing them will be crucial. Knowledge workers are essential resources to any organization. They do what is required, and they could learn from experience. The psychometric test is necessary, and could contribute to the better management in CVE Corporation since it is dealing with the globalized resources. The test could include testing the flexibility of the workers and how they react in different areas. Through this, they help the candidates and employers to recognize the cognitive abilities that the candidates possess. The employer could employ workers who would to deal with globalized products, and service market.

Moreover, the psychometric test helps in development since it could test the decision making of the candidates. In CVE Corporation, the managers could assess decision-making abilities for the workers. Therefore, it could have workers who could make wise decisions. The ability to make smart decisions is essential for the corporation. It could help to decide on the globalized market.

Question 1b (ii) answer

In the current century, technology changes are inevitable. Technology advancement is evident in the world. Therefore, it affects the businesses. Psychometric tests are as a result of the technology advancement. Thus, the tests could be essential to help the CVE Corporation to deal with drastic technology changes. The test could help the company to have workers who are useful in making decisions. The decision making skills are essential in a changing world. With an individual who could make a wise decision, it could be easy to manage them. Also, psychometric ensure that the workers are informed. Knowing technology change is essential for CVE Corporation. The workers would be updated on the current technology. Thus, introducing changes in the organization will not be a challenge. The workers will understand the needs for the changes, as well as the benefits. Also, understanding the technology will help the workers in carrying out their daily activities. Therefore, the corporation will not have problems in introducing new technology. It will be easy to manage the workers. Thus, better people management.

Question 1 (c) answer

A talent inventory is a tool that helps to obtain information from the candidates concerning their knowledge, abilities, skills, as well as experience. A talent inventory aims at giving a corporation a non-interrupting supply of the talented, as well as interested candidates. Therefore, the tool is essential for any company.

The individual assessment characterizes talent inventory. Individual are examined on the skills they have. They are asked on the question regarding their experience, the skills they have, as well as their capabilities. Talent inventory has a purpose in the CVE Corporation. Employees are essential resources in an organization. The skills they have determined the quality of the work in the corporation. CVE Corporation having workers who have excellent skills will be beneficial to the organization. Therefore, the CVE could use the talent inventory tools to identify the skills that workers have. The use of the talent inventory could be crucial since it could help the CVE Corporation to achieve its mission and vision. It could also assist in achieving the objectives of the corporation. The talent inventory summarizes the education, skills, and experience that workers have. A skill utilization is valuable to all organization regardless of the size. This is because skills are essential resources in the corporation. They determine the success of the corporation.

The psychometric tests could be essential in developing the talent inventory of CVE Corporation. The test could be used for talent acquisition, as well as development. The human resource manager could use the test during the recruitment and enhancement of the top talent within the corporation. During recruitment, the managers could use the psychometric test to assess the skill that the candidates have. As a result, they could consider the skills that match with the position the candidates are being interviewed for. Therefore, through the use of the tests, the corporation would come up with the best staff who will work efficiently to achieve the goals of an organization. Talent development will aim at enhancing the skills of the workers. The skill development is interested in identifying how they could assist their workers. In this case, they could help their workers develop their strength through providing insights. The knowledge is to enhance personal development. The personal development is essential since it could contribute to the development of CVE Corporation.

Question 2 (a) answer

Utility theory bases its beliefs on the preference of the individuals. It is an economic theory that explains an individual’s behavior in regard to the premise individual could consistently rank order their choices based on their preferences. Utility theory could be used to provide a methodological framework for the assessment of the variety of the choices that individuals, organizations, and corporation make. Utility theory could be used in the human resource management during recruitment.

The managers could use the utility theory to choose the best candidate. During the recruitment, the managers would use the utility theory to decide on the candidate to pick for a particular advertised position. The managers could assess all areas of the requirements for the position. After considering the requirements, they could identify the top candidate who is qualified for the job.

Question 2 (b) answer

The utility theory is essential in any organization. Managers could use it to decide while making employment decision (Pagel, 2018). Utility theory bases its beliefs on the preference of the individuals. For instance, an organization could advertise for the jobs. Therefore, many individuals will apply for the position. An organization could use utility theory to shortlist candidates for the interview (Beach & Lipshitz, 2017). Since utility theory bases its beliefs on preference, it will choose the individuals it thinks are the best for the position. After the individuals come for the interview, they will have a face-to-face interview. Through the interview, there are hidden aspects of the candidates that the organization could not identify.

Therefore, the corporation could use the psychometric tests to identify the aspects. The psychometric identifies the skills that one has. The skills include the cognitive and mental abilities (Hirsh & Galinsky, 2018). These skills are essential for the corporation. These skills could be used to identify the strengths of the candidates (Takemura, 2019). It could also be a criteria for selecting the best candidate. By use of the utility theory, the organization would make choices depending on the preferable person (Barba-Sánchez & Atienza-Sahuquillo, 2017). The candidate on whom they make a choice will be the top candidate. It’s the candidate who has the most qualification. Therefore, the utility theory is useful in making employment decision as well as other decision. The choices could include consumer decision.

Question 3 (a) answer

The word DISC stands for dominant, inspiring, supportive, and cautious. DISC illustrates the individual assessment that helps in improving the productivity of the work, teamwork, communication, and leadership. The assessment assists in understanding how individuals are different. It could also create self-awareness on the individuals. Individual awareness is essential since it helps one to identify her/his weakness and strength (Davies, 2018). Therefore, an individual could work on enhancing the strength, and improving on the weaknesses.

Moreover, the assessment modifies the behavior of the behavioral state of an individual. DiSC is a personal assessment that measures how people opt to intermingle with others. Employers use the DISC psychometric test to assess the behavior of the candidates. The model of the DISC group individuals into four behaviors. The style include dominance, influence, steadiness, as well as conscientiousness.

Dominance

Dominance is a DISC behavioral style. It is essential behavioral style. Individuals with this type of behavior dominate an organization. They can shape the environment to achieve the required results. The individuals are motivated by the challenges. The problems help them to achieve the best results. They push them to work hard to achieve their goals. Also, individuals with dominance style of behavior prioritize on the task, as well as the results. They fear being taken advantage of, and they have self-drive.

Influence

These are individuals who could influence others to achieve organization goal. They have capabilities to shape the environment through influencing others. They have qualities of the persuasion (Aitken, 2019).  The individual fears rejection. However, they are inspired by the social recognition. They prioritize on effective communication and people. For the individual to influence others, they need to have excellent communication skills, and also have a good relationship with others.

Steadiness

People who have steadiness DISC behavioral style are considered to collaborate with others to carry out tasks. They are loyal workers, who fear changes (Crowe, 2016). They are characterized by prioritizing on the collaboration, and individuals. Besides, they are inspired by the stability, as well as the status quo.

Conscientiousness

Individuals who have conscientiousness behavior are considered to be perfect in their activities. They prioritize on the accuracy, as well as the task. The individuals ensure that they have performed their duties correctly. They are detail-oriented, and they fear being criticized because of their work.

Question 3 (b) answer

From the above-discussed behavior, influence behavior style could be the best suitable for working as a sales manager. A sale manager position is involved in having junior staff who will are involved in activities of the selling. A sales manager needs to make sure that the staff are excellent in their work. The influence behavior is characterized by excellent communication skills and the ability to persuade others. By the act of the manager having persuasion skills is essential for an enterprise.  The influence behavior prioritize on the people and communication. Therefore, the manager will have interest on the staff, as well as excellent communication. The manager will ensure that there is the right channel for communication. The workers will have the correct information at the right time. By prioritizing on the workers, they will feel appreciated. Thus, they will work towards achieving the goals of the enterprise. Therefore, influence is the best behavior for the sale manager.

 

 

 

 

 

 

 

 

 

 

 

References

Furnham, A. (2018). The Great Divide: Academic Versus Practitioner Criteria for Psychometric Test Choice. Journal of personality assessment100(5), 498-506.

Midiwo, J. (2016). Influence of Human Resource Information Systems on the Performance in Kenyan Public Universities (Doctoral dissertation, Jomo Kenyatta University of Agriculture and Technology).

Bratton, J., & Gold, J. (2017). Human resource management: theory and practice. Palgrave.

Pagel, M. (2018). A News‐Utility Theory for Inattention and Delegation in Portfolio Choice. Econometrica86(2), 491-522.

Hirsh, J. B., Lu, J. G., & Galinsky, A. D. (2018). Moral Utility Theory: Understanding the motivation to behave (un) ethically. Research in Organizational Behavior38, 43-59.

Takemura, K. (2019). Expected Utility Theory and Economic Behavior: Predicting Decision Making Based on the Expected Value of Utility. In Foundations of Economic Psychology (pp. 59-81). Springer, Singapore.

Beach, L. R., & Lipshitz, R. (2017). Why classical decision theory is an inappropriate standard for evaluating and aiding most human decision making. Decision making in aviation85, 835-847.

Barba-Sánchez, V., & Atienza-Sahuquillo, C. (2017). Entrepreneurial motivation and self-employment: evidence from expectancy theory. International Entrepreneurship and Management Journal13(4), 1097-1115.

Aitken, A. (2019). 5 Human Factors Toolset. Evolving Toolbox for Complex Project Management.

Davies, B. (2018). Interpersonal skills and the intelligence role: A practitioner’s perspective. Journal of the Australian Institute of Professional Intelligence Officers26(3), 32.

Crowe, C. (2016, April). How to get the best out of the people you work with. In BSAVA Congress Proceedings 2016 (pp. 370-371). BSAVA Library.

What Are the Four DISC Types? – DISC Personality Testing Blog. DISC Personality Testing Blog. (2018). Retrieved 7 May 2020, from https://discpersonalitytesting.com/blog/what-are-the-four-disc-types/.

What are the DiSC Behavioral Styles? | DiSC Profiles 4u. Discprofiles4u.com. (2020). Retrieved 7 May 2020, from https://www.discprofiles4u.com/pages.php?pageid=90.

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