A Value for the Non-Valued

The ecosystem has its intrinsic value while offering an extrinsic satisfaction to humans. Ecosystem resources are devalued in the economic valuing process when a monetary value is difficult in assigning to the ‘non-use' effects of the separated functions of the ecosystem. There is a tendency to forego the value of the ecosystem, the bequest or existence values, although it offers some utility of satisfaction. This trade-off decision leads to detrimental effects on the survival of organisms. The chapter allows the decision-maker to identify the non-use ecosystem resources with an ‘off-trade' value for the production process through Reflective Analysis, systems theory and feed-in indicators. The off-trade decision would enable the sustainability of organisms in the ecological system with their interwoven functions intact and not exposed to bargaining as separated parts. As a result, it would help the regeneration of the valued resources for economic valuing process.

The effect of job characteristics on intrinsic and extrinsic job satisfaction: the moderating role of psychological capital

This paper analyzes the differential effects of autonomy, skill variety, work significance, feedback from the job, and information processing on intrinsic and extrinsic job satisfaction, and the moderating role of psychological capital (PsyCap) in these relationships. The influence of job characteristics on job satisfaction has been well established in previous research, but the distinction between intrinsic and extrinsic satisfaction has hardly been considered. Moreover, their effects also depend on workers’ characteristics. PsyCap is a set of resources (self-efficacy, optimism, hope, and resilience) that could strengthen the positive effects of job characteristics and provide protection from negative ones. Hierarchical regressions analyzed data from 1647 workers in Spanish organizations. Results showed positive relationships between autonomy and feedback from the job and the two satisfaction dimensions, whereas significance and information processing were negatively related to extrinsic satisfaction. Moreover, PsyCap strengthens the positive effect of information processing and autonomy on intrinsic satisfaction, and it weakens the negative effect of information processing on extrinsic satisfaction. However, it also increases the negative effect of significance on extrinsic satisfaction. Therefore, job enrichment would be beneficial for intrinsic satisfaction, especially for people with high PsyCap, but it could be negative for extrinsic satisfaction.

Exploring the impact of marketing culture on job satisfaction

Purpose The literature has shown that organizational culture influences job satisfaction in various industries such as tourism, banking and retail. As a result, investigating the impact of culture and organizational structure is a topic of growing interest. In this context, the purpose of this paper is to examine whether marketing culture has a positive effect on job satisfaction in banking firms. Design/methodology/approach This study employed a survey methodology. Surveys were conducted in Istanbul, Turkey, with service industry employees of private banks and insurance companies. To measure the marketing culture, Webster’s (1990) marketing culture model with 34 items was adopted. Six basic dimensions of “service quality, interpersonal relationships, selling task, organization, internal communication and innovativeness” were measured using the survey instrument. Job satisfaction was measured using the 20-item Minnesota Satisfaction Questionnaire on the following two dimensions: intrinsic satisfaction and extrinsic satisfaction. The data were analyzed with SmartPLS 2.0 and SPSS 21 programs. Findings It was found that marketing culture had a significant and positive effect on job satisfaction. In particular, the marketing culture factors had a greater effect on extrinsic satisfaction in banking firms. In this regard, service quality, organization, selling task and innovativeness had a positive effect on extrinsic satisfaction. Originality/value This study supports the argument that the concept of marketing culture is different from the market-oriented culture type. In addition, this study shows that marketing culture has a positive effect on job satisfaction in banking firms.

Predictors of Propensity to Turnover in the Construction Industry

Relationships among perceived equity job satisfaction, organizational commitment, and propensity to turnover were investigated in a moderate-size firm in the construction industry. Analyses for 79 hourly male employees showed the strongest predictor of propensity to turnover was extrinsic satisfaction. This finding is contrary to previous research that showed strongest links between intrinsic satisfaction and propensity to turnover. Satisfaction with a supervisor was also significantly and positively related to propensity to turnover.