Research on Business Psychology: Goal, Elements, and Coaching Plan

This report explores the application of business psychology, focusing on the selection of a research goal related to improving working life and organizational performance. The selected goal centers on researching business psychology to enhance customer attraction, staff performance, and team motivation. The report details specific elements used in goal selection, including credibility, understanding, and effective communication, emphasizing the SMART criteria (Specific, Measurable, Achievable, Relevant, Time-bound). It then delves into goal-setting theory, outlining key components such as clarity, challenges, commitment, feedback, and task complexity. A coaching plan is proposed, detailing activities and timeframes to achieve the research goal. The report concludes with a list of relevant references. This report is a valuable resource for understanding and applying business psychology principles.

Business Psychology
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TABLE OF CONTENTS
PART A...........................................................................................................................................3
PART B............................................................................................................................................3
Selected goal................................................................................................................................3
Specific elements used in selecting the goal................................................................................3
Goal setting theory.......................................................................................................................4
Coaching plan..............................................................................................................................5
REFERENCES................................................................................................................................6
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PART A
Enclosed in poster
PART B
Selected goal
The goal I have selected is the research on business psychology. This is related to the
study and activities of rising the working life. This will be combing the understanding science of
human behavior, with the experience of the work. This is done to achieve the sustainable
performance and effectiveness in the work for the organization as well as for an individual.
Business and psychology, these are the two main words which are the foundation of the success
of entrepreneurship. This goal is very important for me, as it will give the freedom to attract
more number of customers (Pavlović and Stojnov, 2015). This will also help in increasing the
performance of staff and will give some skills useful in motivating my team. By mastering the
business psychology, one can achieve the goals set by him or by the organization. Psychology is
a key factor which will have various impacts on business, and it is the keystone which will be
helpful in client acquisition, in negotiating the contract, the growth and the expansion of business
and much more.
Specific elements used in selecting the goal
The goal is selected because of building or making improvements in the business and
achieve the goals set by the organization. Business psychology is like an applied science, which
will help in investigating on how to make organization more effective. This will be using
different scientific research methods (Hassall, Boduszek and Dhingra, 2015). These methods will
be helpful in the study of people, study of the workplace and the organization. This will employ
a variety of methods which are very helpful in doing research and investigate and identify the
best practices which will be helpful for the organization. Some of the key elements of business
psychology will include;
1. Credibility: it is all about the trust. The more you can earn and the more
experience and expertise you can gain, the more credible ideas you will develop.
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2. Understanding: This will be having all the employees and the decision makers.
You have to analyze the understanding technique so that your decision will be
having more influence to others (Puri and Robinson, 2013.).
3. Effective communication: This is also very important. The communication must
be very clear and specific. It helps in identifying your specific goals.
All these elements will make the idea vert smart. The term smart means
S- Specific; this means the goal of the idea should be very specific, and clear to the point.
M- Measurable; this suggest that, the idea which is selected by the person should have
some meaning and it should make some sense while discussing
A- Achievable, select a idea such that it seems realistic. I have selected the idea of
business psychology, and it is very much achievable by an individual or by the whole
organization.
R- Relevant; the idea should be related to the business and its environment. Idea should
be very robust.
T- Times; The idea and its aim should be bound to the time, in which it should be
achieved.
Goal setting theory
The goal setting theory is used so that I can analyze the performance of my aim. Whether
its performance is good or bad and will it be helpful in achieving the objective set by the
organization or not (Gebhardt, 2016). The goal theory is directed towards the behavior of an
individual. The behavior of the person will decide the outcomes of the goal selected. Goal
outcomes can be of two types, whether it will be based on the mastery or else it will be based on
the performance.
The mastery of the goal means that one can have enough knowledge and enough skills
which will be very helpful in achieving the success (Kowalski and Rojon, 2014). Another thing
is the performance criteria. This will be helpful in judging the performance of the selected goal.
This theory is basically base on 5 main components and they are;
1. Clarity: The aim of the goal should be very clear and the ideas which will be used in
achieving the goal will be easily understandable.
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2. Challenges: Before setting the goal, one should have the knowledge of all the challenges,
he will be facing while getting that goal.
3. Commitment: The person have to be dedicated and committed towards the aim and he
should give more than 100% in getting that goal (Kaufman, 2014.).
4. Feedback: after sometime, it is necessary to get the feedback for the people. This will be
very helpful in identifying whether the strategy is on the right track or not.
5. Task complexity: This will be the last thing to know about the complex nature of the task.
The aim selected by the person is complex or not and according to that the effective goal
strategy will be planned.
Coaching plan
Coaching plan will help in reaching the goals set by the individual. There are few steps
which will be helpful in developing a very successful coaching plan.
Goals Activities Time Period Skills required
To research on
Business psychology
Review of articles 2 weeks Researching skills
Expert advice 5 hours Question asking
capabilities
These are the question, which will be helpful in coaching establishing the coaching plan. After
this plan, there are some of the question which I need to ask to myself. They are;
Question 1: Will this goal set by me is correct?
This is the most important question, which will be helpful in getting to know that whether
the goal is accurate or not.
Question 2: How this goal will help me in future?
Second most important thing is the effectiveness of this goal. If this goal is improving my
performance or not (Barnicle, Barnes and Lee, 2014). And in near future how this will help me in
making better decision on selecting the goal. And how this will help me in improving my
performance.
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REFERENCES
Books and journals
Pavlović, J. and Stojnov, D., 2015. Personal Construct Coaching. The Wiley Handbook of
Personal Construct Psychology. pp.320-330.
Hassall, J., Boduszek, D. and Dhingra, K., 2015. Psychopathic traits of business and psychology
students and their relationship to academic success. Personality and Individual
Differences. 82. pp.227-231.
Puri, M. and Robinson, D.T., 2013. The economic psychology of entrepreneurship and family
business. Journal of Economics & Management Strategy. 22(2). pp.423-444.
Gebhardt, J.A., 2016. Quagmires for clinical psychology and executive coaching? Ethical
considerations and practice challenges. American Psychologist. 71(3). p.216.
Kowalski, T. and Rojon, C., 2014. Industrial–Organizational Psychologists in Business Schools:
Insights From a UK Perspective. Industrial and Organizational Psychology. 7(03).
pp.370-377.
Kaufman, J.C., 2014. 1 Looking at creativity through a business–psychology–education (BPE)
lens. Creativity Research: An Inter-Disciplinary and Multi-Disciplinary Research
Handbook.
Barnicle, S., Barnes, J. and Lee, A., 2014. A good walk made great: The psychology of business
golf. International Journal of Golf Science. 3(1). pp.90-100.
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