The impact of a reward sytem on employee motivation in Motonet-Espoo Carolina Mikander Carolina Mikander Degree Thesis International Business 2010 Carolina Mikander DEGREE THESIS Arcada Degree Programme: Identification number: Author: Title: International Business 3071 Carolina Mikander The impact of a reward sytem on employee motivation in Motonet-Espoo Sveinn Eldon Motonet Oy Supervisor (Arcada): Commissioned by: Abstract: The purpose of the thesis was to investigate and
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Motivation Motivation is the driving force that is applied in an organisation to assist in the achievement of the laid goals (accel-team: 2010). Motivation in the workplace aims at triggering human behavior and their need to work. Relatively‚ it is a process by which people seek to satisfy their basic drives and it is what drives production in the work place. Basic model of motivation In his book ‘management theory and practice’‚ Cole has outlined the basic model of motivation (Cole:
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of Sears and Walmart differ? Company Background-Sears • Founded in 1891‚ operated solely as a catalog business • In 1924‚ expanded into retail stores in shopping mall ▫ Sold a variety of merchandise including apparel‚ cosmetics‚ jewelry‚ electronic‚ household appliances…. • Early 1980s‚ faced with declining market share ▫ Target audience of middle class female shoppers ▫ Slogan ”Come see the softer side of Sears” Company Background-Walmart • Founded in 1962‚ opened the first Walmart in Bentonvile
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study Many researchers and authors have defined the concept of motivation. It has been defined as: * The psychological process that gives behavior purpose and direction (Kreitner‚ 1995) * A predisposition to behave in a purposive manner to achieve specific‚ unmet needs (Buford‚ Bedeian‚ & Lindner‚ 1995) * An internal drive to satisfy an unsatisfied need (Higgins‚ 1994) * The will to achieve (Bedeian‚ 1993). Motivation is defined as the inner force that drives individuals to accomplish
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Motivation: General definition A question anyone can ask themselves is: what keeps us going? What makes us wake up in the morning and live our daily life? What makes us who we are and what we are? Well the easy answer here is simply motivation; the desire to do things. Everyone has different motivations‚ different things that keep them going. What can motivate some people‚ can de-motivate others and vice versa. Moreover‚ what can motivate you today can de-motivate you tomorrow. Motivation can
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MOTIVATION Concept of Motivation: Motivation is a psychological concept which acts as a force that propels a person to act or not to act in a certain way. Robert D. Irwin defines motivation as “Motivation means a process of stimulating people to action to accomplish a desired goal”. A manager needs to coordinate several factors of production and these factors can be classified into non human and human factors. The efficiency of non human factors such as material‚ machine‚ etc depends on the technology
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Questions 1. How is Walmart deriving business value from its sustainability strategy? 2. Imagine that you are Andy Ruben or Tyler Elm‚ Evaluating the progress of the electronics‚ seafood‚ and textile networks. Which of these networks have been most successful in creating business value by reducing environmental impacts? What factors explain the success (or lack of success) of these networks? 3. How is Walmart motivating its suppliers to share information about and reduce the environmental impacts
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Motivation may be defined as psychological forces that determine the direction of a person’s behavior in an organization. Motivation is central to management because it explains why people behave the way they do. A persons’ behavior tells how motivated they are to do their job at a higher performance level. There is intrinsically and extrinsic sources for motivation (Gareth‚ 2009) There are also two motivational theories which explains how an employee can be motivated. Intrinsic behavior is
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3.What is motivation..? Internal and external factors that stimulate desire and energy in people to be continually interested and committed to a job‚ role or subject‚ or to make an effort to attain a goal. Motivation results from the interaction of both conscious and unconscious factors such as the intensity of desire or need‚ incentive or reward value of the goal‚ and expectations of the individual and of his or her peers. These factors are the reasons one has for behaving a certain
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page Industry Attractiveness contrasted with KSFs Key Success Factors of Industry and company KSF Porters 5 forces in terms of internal Walmart resources and capabilities and the external environment Is the strategy sustainable? and Can it be duplicated by walmarts rivals What must Walmart to to sustain its competitive advantage Executive Summary Walmart has thrived in a very competitive industry by building on its founding principles and developing arguably the industries best supply chain
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