Download Farm Business Management: The Human Factor by Peter L. Nuthall PDF

By Peter L. Nuthall

The underlying fiscal elements that impact fundamental construction are usually studied and written about―soil caliber, animal healthiness, weather, machinery―but this can be the 1st booklet to discover the position of the psychology of the executive operating the farm enterprise, the individual answerable for employees, strategic judgements and monetary good fortune or failure. The ebook will deal with basic questions similar to the method of choice making, own talents, and techniques to enhance managerial skill. it's a necessary reference for farm managers and scholars in farm economics and administration.

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Sample text

Generally, most farmers are somewhat dubious about being asked to sit for such tests. Furthermore, there is no general data linking the results of general tests to managerial skill, though you would expect this to be the case. There is, however, data that links intelligence tests to school results, and also to tertiary study. Consequently, educational results can give a good idea of general intelligence as defined for the purpose of the tests. Similarly, astute observation of a farmer when working closely with them on, say, setting up plans and courses of action, will give a good idea of what might be called ‘farming intelligence’.

As farming is a very risky business it is important for a farmer to be fully aware of their attitude to risky decisions. Thus, tests to determine risk attitude are introduced. With intensive effort it is possible to alter these attitudes with some benefit. A farmer’s objectives also relate to this question, therefore a brief discussion on objectives is also included, which is expanded in a later chapter. Similarly, motivation can be an important factor related to objectives, so some comments are provided on this subject.

In this case, a suitable scoring system template is necessary. Things like creativity are very hard to test for, and in this case scores were based on the number of realistic ideas produced. Scoring the lessons from experience is also difficult, so, similarly, the number of lessons that were realistic provided the score. For calculations, an answer within a reasonable range of the true answer was accepted as correct. It will also be noted that the section labelled general was largely used to assess simple logic.

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