Skip to main content

A note on Motivation

Motivation Theories


Motivation- those factors that cause ,channel, and sustain people’s behavior. Motivation is not always easy to discern. Most successful managers ,however, have learned by experience that people are generally very responsive to praise and encouragement-expressed not only in words but also in actions and need to feel successful in their work to give their best effort to the organization.

Different View points on Motivation

The Traditional Model

The traditional model of motivation is associated with Fredrick Taylor and scientific management which held that an important aspect of the manager’s job was to make sure that workers perform repetitive  tasks in the most efficient way.

The Human Relations Model

In the human relations model, workers were expected to accept management’s authority because supervisors treated them with consideration and were attentive to their needs. The intent of managers ,however remained the same- to have the workers accept the work situation as established by managers.

The Human Resources Model


Douglas McGregor , Abraham Maslow , Chris Argyris and Renis  Likert  criticized the human relations model and they argued that most people are already motivated to do a good job and they do not automatically see work as undesirable. McGregor proposed that there are two different sets of assumptions about what motivates people. 
  • The traditional view known as Theory X  ,contends that people have an inherent dislike for work,regard it only as necessary for survival and will avoid it whenever possible. 
  • Theory Y   is a much more optimistic view of human nature assuming that the expenditure of physical and mental effort in work to be natural as at play or rest.People will direct them selves towards objectives if their achievements are rewarded.

Three Types of Motivation Theories
  • Content Theories
  • Process Theories
  • Reinforcement Theories


Comments

Popular posts from this blog

Money Markets Instruments

Money Market Securities in India The money market includes instruments for raising and investing funds for periods ranging from one day up to one year. Money market securities consist of repos/reverse repos, CBLOs ( collateralized borrowing and lending obligations),certificates of deposits, treasury bills, and commercial paper. All these securities are issued at a discount and redeemed at par, and are zero coupon in structure.  Money markets also include inter-bank call markets that are overnight lending transactions between banks, inter- bank terms markets that  are long term deposits between banks, and interoperate deposits, which are short term lending between companies. These transactions do not involve creation of a debt security and are therefore not included here. The Participants in the money market include banks, primary dealers, financial institutions, mutual funds, provident and pension funds, companies and the government. The purpose of the money market is to e...

NPV-Net Present Value :Capital Budgeting Concepts

DEFINITION OF 'NET PRESENT VALUE - NPV' Net Present Value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows. NPV is used in   capital budgeting   to analyze the profitability of a projected   investment   or project.  The following is the formula for calculating NPV:  where C t  = net cash inflow during the period t C o  = total initial investment costs r =   discount rate , and t = number of time periods  A positive net present value indicates that the projected   earnings   generated by a project or investment (in present dollars) exceeds the anticipated costs (also in present dollars). Generally, an investment with a positive NPV will be a profitable one and one with a negative NPV will result in a   net loss . This concept is the basis for the   Net Present Value Rule , which dictates that the only investments that should be made are th...

Financial Glossary 2

Over capitalisation when the business had more funds invested in the business than can be profitably employed Risk management is the process of identifying and minimising the potential cost of unfavourable events. Insurance Is a service offering protection against future possible loss as a result of some unfavourable event in the future. Budget is an expression of management plans in financial terms Profitability is a financial objective of the business and is concerned with the adequacy of profit Liquidity is a financial objective of a business and is concerned with being able to meet all cash obligations when they are due Growth is a financial objective and is concerned with increasing the size of the business Cash budget is a plan for cash receipts, cash payments and the resultant cash balance at certain points in time Targeted profit level should provide a reasonable return on the owners' investment - this means that the retur...