Examples of psychological contracts in industry
There are many organizations that have created corporate cultures with the purpose of supporting a foundation of positive, productive and meaningful understanding between employees (Yarbrough, 2018). Two examples will be discussed, Dollywood and Lego. Each explains effective aspects of reciprocity with their employees (Yarbrough, 2018). Dollywood Dollywood opened in May 3, 1986 in Pigeon Forge, Tennessee. Per the Pigeon Forge Chamber of Commerce, the organization has experienced over $110 million in expansions, shows, attractions and rides. Further, Dollywood is the biggest tourist attraction in Tennessee and employees about 3000 local workers and supports 2.5 million guests to Pigeon Forge and Gatlinburg a year (Jackson, 2011). But, one of the reasons for Dollywood's ongoing success is due to the organizations focus on giving to and supporting stakeholders (Yarbrough, 2018). Per the Appalachian Regional Commission, most the counties in East Tennessee are economicall...