In which ways do you think psychology is important in the business world?

Psychology
is fundamentally important in the business world for many reasons, but most of all, psychology
is important simply because businesses are made of people, and psychology is the key to
understanding people. Within an organization, psychology helps with Human Resources issues such
as deciding who would be the best fit for a position or team, the best ways to resolve
interpersonal conflict, and how best to motivate or improve work ethic. A solid understanding of
psychology can seriously improve a companys inner workings.
Outside the company,
businesses utilize psychology in order to...