desire and perceptions can be defined as the present and expected impression of workers’ place in the company.(Dixon‚1997‚p.72) In order to motivate my workers‚ I must know their needs and perceptions. I would choose Maslow’s hierarchy of needs theory and Theory X&Y to understand their needs‚ then to motivate them to perform at his or her highest level. According to Maslow‚ a person’s needs are the main motivator that drives a human. He categorized the needs of a person into 5 levels. They are physiological
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Generation X and Millennium Generation Travel through time is one of the most enigmatic‚ imaginative‚ and scientifically daring concepts that had occupied the minds of many people centuries ago and will continue into the future. Nonetheless‚ not employing any time-machine contraptions‚ modern archeologists and paleontologists are traveling back in time more than anybody else. They examine the rich iridium layer in Wyoming’s clay deposits and take exploratory tours back to early Cretaceous period
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Monopolistic Advantage Theory an approach in international business which explains why a particular national firm is able to compete with indigenous competitors in overseas market. He started by looking at international investments which classified into two: portfolio investment and direct investment. Control is the key factor which differentiates one another. If the investor directly controls the foreign enterprise‚ his investment is called a direct investment. If he does not control it‚ his investment
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The X and Y game What is a game where you have four persons to a team‚ and each person shows an X and Y card each round and according to what each other person‚ including themselves shows they get a certain number of points added on or taken off? What is the meaning of this game? What does it show? This game shows how individual people act in a group. When every person in a group cooperates something gets done‚ but if people are out for themselves‚ and fail to recognize that they are in this together
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THEORY OF ABSOLUTE ADVANTAGE “If a foreign country can supply us with a commodity cheaper than we ourselves can make it‚ [we had] better buy it of them with some part of our own industry‚ employed in a way in which we have some advantage.” -Adam Smith (WN‚ IV.ii.12) This means that a nation produces and exports those commodities which it can produce more cheaply than other nations‚ and imports those which it cannot. A nation will not produce a good that is produced more expensively at
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HOMEWORK 1 4. Theory of comparative advantage: The theory provides a basis for explaining and justifying international trade in a model world assumed to enjoy free trade‚ perfect competition‚ no uncertainty‚ costless information‚ and no government interference. 5. Limitations of comparative advantage: a. Countries do not appear to specialize only on those products that could be most efficiently produced by that country’s particular factors of production. b. Governments interfere with comparative
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Theory of Comparative Advantage Historically‚ nations have been trading with each other for hundreds of years for profit or because they do not have enough resources (land‚ labor and capital) to satisfy all the needs of consumers. For example‚ Japan has a highly skilled labor force that use technologically advanced equipment to produce cars and electrical equipment; however it does not have its own oil fields. Saudi Arabia has large supplies of oil‚ but lacks the built capital to produce cars
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Introduction In Malaysia‚ most of the employees are from Gen-Y generation. They have skills‚ education background and other characteristic that needed by an organization in order to move forward. With the knowledgeable they have‚ Gen-Y tend to become job hopper which have make them change job frequently in a short term to seek other jobs with a greater promotion. This trend has been practiced by them to satisfy themselves as a reward for their time sacrifices with study for years. There is no denying
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Critically evaluate McGregor ’s Theory X and Theory Y. How far is it applicable to management and employee motivation in contemporary Chinese organizations? During the 1960s the number of psychologists invented motivational theories‚ which aimed to increase organizations’ productivity. One of those is McGregor’s Theory X and Theory Y‚ in which he claimed that people can be managed in two extremes‚ based on the grounds of their needs. After publishing his work had a significant impact on management
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the beginning of “The Human Side of Enterprise” by Douglas McGregor‚ he compares the needs of man and behavior to the philosophy‚ policy‚ and practices of management. McGregor explains in great details the Physiological‚ Safety‚ Social‚ Ego‚ and Self-Fulfillment requirements of man and how it connects to organizations and management . The three main important needs I will discuss is physiological‚ safety‚ and social . Physiological Needs: McGregor talks about how physiological needs are a requirement
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