Advantages and disadvantages of policies that encourage work-life balance

What are some of the advantages and disadvantages of policies that encourage work-life balance? Is it realistic for a highly competitive workplace to uphold such policies? Why or why not?
What is the relationship between happiness and success? Is it counterintuitive to you? Explain your rationale.
How can the principles behind the science of happiness be leveraged to improve work performance?
How might an organization create an environment that is rich in optimism, social support, and the ability to see stress as a challenge instead of as a threat?

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