What is Game Theory? Game theory is a branch of mathematics that aims to lay out in some way the outcomes of strategic situations. Game theory has applications in politics‚ inter-personal relationships‚ biology‚ philosophy‚ artificial intelligence‚ economics‚ business and other disciplines. Originally‚ game theory attempted to look only at a fairly limited set of circumstances‚ those known as zero sum games‚ but in recent years its scope has increased greatly. Brief history John von Neumann
Premium Game theory
Study on Motivating Employees Motivation is a set of forces that directs an individual to the behavior that results in better job performance. A motivated employee might work harder than expected to complete the task proactively‚ find ways to improve the quality and efficiency of the work environment. It is the willingness to exert high levels of effort to reach organizational goals‚ conditioned by the effort’s ability to satisfy some individual need Motivation is the reason or reasons for
Free Motivation Human behavior
Maslow’s Theory of Motivation - Hierarchy of Needs In 1943‚ Dr. Abraham Maslow ’s article "A Theory of Human Motivation " appeared in Psychological Review‚ which were further expanded upon in his book: Toward a Psychology of Being In this article‚ Abraham H. Maslow attempted to formulate a needs-based framework of human motivation and based upon his clinical experiences with people‚ rather than as did the prior psychology theories of his day from authors such as Freud and B.F. Skinner‚ which
Premium Maslow's hierarchy of needs Motivation
To what extent do McDonalds use motivational theories to enhance the performance of their employees and hence increase efficiency/productivity? Are these methods effective? Introduction McDonalds is a large multinational company that supplies millions of people with fast food. It is important for them to ensure that the workforce they employ is working to their full potential. McDonalds are very customer/ market orientated. They depend on a reputation for customer service. If employees are not
Premium Motivation
BOX 3.4 What Is Grounded Theory? Grounded theory is a widely used approach in qualitative research. It is not the only approach and it is not used by all qualitative researchers. Grounded theory is “a qualitative research method that uses a systematic set of procedures to develop an inductively derived theory about a phenomenon” (Strauss and Corbin‚ 1990:24). The purpose of grounded theory is to build a theory that is faithful to the evidence. It is a method for discovering new theory. In it
Premium Scientific method Qualitative research Research methods
The word "motivation" is often used to describe certain sorts of behaviour. A student who studies hard and tries for top grades may be described as being "highly motivated"‚ while her friend may say that he is "finding it hard to get motivated" to study for an exam or to start an assignment. Such statements imply that motivation has a major influence on our behaviour but they don’t really tell us how. A Definition of Motivation Motivation can be defined as a concept used to describe the factors
Premium Motivation
measures. This could also lead to a dismissal. To avoid these situation‚ all employees will be trained to apply the code through a global e-Learning tool. 2 How are the employees kept motivated? Adidas has engage in developing a motivating working environment by creating the career growing possibilities‚ good rewards‚ by helping staff achieve a healthy work-life balance‚ and offering access to a wide range of company sports activities. All the information we have found about what Adidas does for
Premium Human resource management
Title Chapter 2 What is Communication theory? Erskineville‚ NSW: Pearson Education Australia Page 8-31 What is Communication theory? Summary Of Reading Purpose The purpose of this reading is to give readers an appreciation of the complexity that is involved in a communication process. Their principal components and competencies involved‚ the authors also discuss and shed light on the array of theories and concepts widely available‚ their pros and cons when being used in the communication
Free Communication
Motivation theory "Crompton (1979) notes it is possible to describe the who‚ when‚ where‚ and how of tourism‚ together with the social and economic characteristics of tourist‚ but not to answer the question "why‚" the most interesting question of all tourist behaviour." (Fodness 1994‚ p. 556) While motivation is only one of many variables in explaining tourist behaviour‚ it is nonetheless a very critical one‚ as it constitutes the driving force behind all behaviour (Fodness 1994). Motivation
Premium Motivation Psychology
MOTIVATION THEORIES: Goal Setting Theory: In the late 1960s‚ Edwin Locke proposed that intentions to work toward a goad are a major source of work motivation. That is‚ goals tel an employee what needs to be done and how much effort will need to be made. Specific hard goals produce a higher level of output than does the generalized goal of "do your best". Why? The specificity of the goal itself seems to act as an internal stimulus. For instance‚ when a trucker commits to making 12 round trips
Premium Management Leadership