Why the Digital Age Demands Decision Makers to be Like Elite Marines and Zen Monks
February 7, 2025
Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]
What is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]
How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]
Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]
In the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]
The Psychodynamic Perspective: As per the Psychodynamic approach, human behaviour is an outcome of the role played by various psychological forces and early childhood experiences. The theory lays a lot of stress on the dynamics of relationship between the unconscious or conscious mind and also asserts that behaviour is an outcome of internal conflicts regarding which people have least awareness. The theory was propounded by a medical student Sigmund Freud in the year 1874. He expanded the concept of Psychoanalysis in which he suggested that psychological processes occur as a result of the flow of psychosexual energy called Libido in complex brain. Later, during the mid 1940s and 1950s, the theory of psychoanalysis was well established with contributions from eminent psychologists and researchers like Carl Jung, A. Adler and others.
Freud’s Psychoanalysis theory is based on two prominent assumptions:
The theory which was postulated by Freud was based on his research findings and observation of the behaviour of his patients suffering from hysteria. According to him, our unconscious mind or repressed thoughts, affect our day to day behaviour and what we feel about ourselves as well as others.
Freud categorized personality into three distinct parts-Id, ego and superego. The id relates to the unconscious element, the ego relates to both unconscious and conscious elements i.e. reasonable and rational parts of the personality. Whereas, the superego relates to the conscience which is developed during the early stages of life and imbibed from parents, social network and teachers. Like ego, superego too has both unconscious and conscious parts.
According to Freud, an individual is expected to be in a state of mentally stable when all the 3 elements are in a stage of equilibrium. When the ego is in a state of clash or conflict with the id and superego, the outcome will be psychological stress or disequilibrium. As per him, we human beings just know very little about the mind or our thought process and rest remains hidden from us or is present in our unconscious mind.
Swiss Psychotherapist expanded the theory of Psychodynamics which was postulated by Freud in 20th century. He attempted to integrate the opposites, while still maintaining their individual entities. His version of Psychodynamics gave less attention to the conflict between the Id and the Superego; instead his focus was more on integrating different parts or shades of the personality.
In the present context, psychodynamics theory is considered as a multidisciplinary field which is in a continuous stage of evolution. The focus is on analysis and investigation of factors influencing human thoughts, pattern of responses and various other factors.
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