IB Business Management SL - 2.4. Motivation

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Motivation

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14 Terms

1

Motivation

The willingness to exert high levels of effort to reach organizational goals

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2

Theory of scientific management

Tasks should be based on work division and specialization, he assumed that the only motivator is money.

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3

Theory of hierarchy of needs

The worker moves along a pyramid of needs to achieve motivation

<p>The worker moves along a pyramid of needs to achieve motivation</p>
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4

Theory of two factors

Hygiene and satisfaction

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5

Theory of equity

People will be happiest and more motivated in relationships where ‘give and take’ are about equal.

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6

Theory of the third drive

Businesses need to stimulate the intrinsic motivation which occurs when someone gets satisfaction from an activity itself, without threats or rewards from the outside

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7

Salary

Regular fixed payment

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8

Wage

Staff is paid per hour of work

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9

Commission

Staff is paid with respect to their sales results

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10

Profit-related pay

The income of the employee depends on the profitability of the company

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11

Empowerment

Managers give their employees more responsibility

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12

Teamwork

Employees are encouraged to work collaboratively with one another in order to fulfill a task

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13

Job enrichment

An attempt to give employees greater responsibility and recognition by expanding their role in the production process

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14

Job rotation

An employee changing jobs and tasks from time to time in order to give them a greater sense of the whole production process.

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