IB Business Management SL - 2.4. 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
The worker moves along a pyramid of needs to achieve motivation
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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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