Multi-Tower Reinsurance Contracts: Pros and Cons for Reinsurance Companies
In the previous article, we have read about what multi-year reinsurance contracts are. We now know what these unconventional contracts are and why they are becoming increasingly popular with the passage of time. However, we only understood the arrangement from the point of view of the ceding insurer. It is important for us to also […]
Leader versus Manager
“Leadership and managership are two synonymous terms” is an incorrect statement. Leadership doesn’t require any managerial position to act as a leader. On the other hand, a manager can be a true manager only if he has got the traits of leader in him. By virtue of his/her position, manager has to provide leadership to […]
Goal Setting Theory of Motivation
In 1960’s, Edwin Locke put forward the Goal-setting theory of motivation. This theory states that goal setting is essentially linked to task performance. It states that specific and challenging goals along with appropriate feedback contribute to higher and better task performance. In simple words, goals indicate and give direction to an employee about what needs […]
Human Brain, Neurons and Behaviour
Several years of research have made important advancements in explaining the functioning of human brain and explaining how biological processes can influence human thoughts, feelings and behaviour. For understanding biopsychology, it is important to understand the three most important physiological components of human anatomy, i.e. Brain, the neurotransmitters and the Nervous system. The Nervous System […]
The Dynamics between the Executive, Legislature, and the Judiciary
The Three Arms of the Modern Nation State It is commonly understood that the political economy in any country actualizes itself through the dynamics of the three principal organs, the legislature, the executive, and the judiciary. Before we launch into a full-fledged discussion about the interactions between these components, it is useful to define the […]
An individual’s behavior towards others, attitude, characteristics, mindset make his personality.
Personality development is defined as a process of enhancing one’s personality. Personality development sessions guide an individual as to how he/she can develop his/her personality.
Broadly there are five parameters which describe an individual’s personality. These five dimensions are also called as “Big Five” Factors, and the model is referred to as Five Factor Model also abbreviated as FFM.
The Five Factor Model was initially proposed by Costa & McCrae in the year 1992 and often describes the relation between an individual’s personality and various behaviours.
Following are five personality traits of an individual:
Individuals with openness to experience are generally very active, have a tremendous inclination towards creativity and aesthetics and listen to their heart i.e. follow their inner feelings. Such individuals are generally open to new learnings, skill sets and experiences.
People who score high on openness are quite broadminded and modern in their outlook as compared to individuals who score low on the same parameter. Such individuals are conservative, reluctant to changes and have a traditional approach in life.
As the name suggests, individuals with a Conscientiousness personality trait listen to their conscience and act accordingly. Such individuals are extremely cautious and self disciplined. They never perform any task in haste but think twice before acting.
People with this personality trait are generally methodical and tend to become perfectionists in the long run.
People who score high on conscientiousness are proactive, goal oriented and self disciplined. They strive hard to accomplish goals and objectives within the stipulated time frame. Individuals who score less are little laid back and are not much goal oriented.
Carl Jung popularized both the terms - “Extraversion” and “Introversion”.
Such individuals love interacting with people around and are generally talkative. They do not like spending time alone but love being the centre of attraction of parties and social gatherings.
Such individuals love going out, partying, meeting people and often get bored when they are all by themselves. They admire the company of others and hate staying alone.
Such individuals do not bother about others and are seldom interested in what is happening around. They prefer staying back at home rather than going out and spending time with friends.
Such individuals speak less and enjoy their own company. You would never find them in meetings, clubs, parties or social get-togethers. They generally do not have many friends and tend to rely on few trusted ones.
Agreeableness is a personality trait which teaches individuals to be adjusting in almost all situations.
Such individuals do not crib and face changes with a smile. They accommodate themselves to all situations and are friendly and kind hearted. People who score high on agreeableness are ready to help others and flash their trillion dollar smile whenever a problem arises.
Individuals who score low on agreeableness on the other hand find difficulties in adjusting with others and are little unfriendly.
Neuroticism is a trait where individuals are prone to negative thoughts such as anxiety, anger, envy, guilt and so on.
Such individuals are often in a state of depression and do not know how to enjoy life. They always look at the negative sides of life and find extremely difficult to cope up with stress.
Your email address will not be published. Required fields are marked *
Role of Personality Development in Success of an Organization
February 12, 2025
