Organisational Behaviour and Its Practical Relevance Essay

Organisational Behaviour and Its Practical Relevance - Essay Example Globalization, liberalization and privatization have caused immense changes in the business sector and organizations forced to change their behaviour and strategies in accordance with the demands of the modern world. Outsourcing and offshoring like business strategies were established in the current business world even though such strategies were not there even in the distant dreams of the business Gurus, a couple of decades before. Motivational theories and human resource management principles also undergone drastic changes because of the huge diversification and internationalization of business happened in the present century. This paper discusses the current organizational behaviour in general and the topics such as motivation, diversity and psychological contract etc in particular to learn more about the current trends in organizational behaviour. It is crucial for the development of an organization to develop and maintain a motivated team of professionals. The psychological and sociological theories of human life have undergone drastic changes because of the rapid changes in life philosophies and life styles. Most of the traditional theories with respect to motivation has been changed a lot in order to accommodate new things suitable for the needs of the modern generation. Intrinsic and extrinsic motivational theories were developed as part of the modification process of the organizational behaviour.