The word ‘equity’ can be seen to have a wide range of meanings- to many it is a synonym for ‘fairness’ or justice’. Those within the legal community recognise equity as the body of rules developed and applied by the Court of Chancery; a court previously presided over by the Lord Chancellor with rules developed under his authority. The law of equity developed due to the inflexibility of the common law. Before the development of equity‚ The law was rigid (which was often cited as a weakness) for example
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McGregor’s theory X and theory Y McGregor developed two theories of human behaviour at work: Theory and X and Theory Y. He did not imply that workers would be one type or the other. Rather‚ he saw the two theories as two extremes - with a whole spectrum of possible behaviours in between. Theory X workers could be described as follows: - Individuals who dislike work and avoid it where possible - Individuals who lack ambition‚ dislike responsibility and prefer to be led - Individuals who desire
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Individual Behavior Various Theories of Motivation C. Herzberg’s Two-Factor Theory of Motivation In 1959‚ Frederick Herzberg‚ a behavioral scientist proposed a two-factor theory or the motivator-hygiene theory. According to Herzberg‚ there are some job factors that result in satisfaction while there are other job factors that prevent dissatisfaction. According to Herzberg‚ the opposite of “Satisfaction” is “No satisfaction” and the opposite of “Dissatisfaction” is “No Dissatisfaction”.
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Introduction The work motivation theories can be broadly classified as content theories and process theories. The content theories are concerned with identifying the needs that people have and how needs are prioritized. They are concerned with types of incentives that drive people to attain need fulfillment. The Maslow hierarchy theory‚ Fredrick Herzberg’s two factor theory and Alderfer’s ERG needs theory fall in this category. Although such a content approach has logic‚ is easy to understand‚ and
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Evaluating Motivation Theories in Today’s World By Richie Crawford ABSTRACT The scope of the modern century has caused a rift in the way business is conducted. This isn’t to say that this rift cannot generate new‚ worthwhile ideas‚ but that it’s centered around a particular concept: rapidity. The fastest way for a message to reach another person is through an electronic circumstance‚ such as email‚ text‚ and so on. As businesses begin to include these services into their daily routine‚ expediting
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Abstract Employee motivation is a topic widely researched noting numerous motivational theories and concepts. Similarly there has been much discussion on the many factors that influence an employee’s level of motivation. Those factors include monetary rewards‚ employee involvement‚ training & development‚ employee recognition programs‚ etc. This paper will discuss review motivational theories developed based on the concept of “needs” and other motivational philosophies‚ as well as discuss the correlation
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Part A: Motivation can be considered to comprise an individual’s effort and persistence and the direction of that effort – motivation is the will to perform. (Brooks‚ 2009) Most managers have to delegate because the job that they have is too big for one person to do. In having to work through other people it is necessary that managers understand what motivates an employee to act positively in the interests of the organization. (Buckley‚ 2009) Maslow’s theory of needs tends to be treated as classical
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Application of motivation theories in Oracle Direct in Prague. ABSTRACT Motivation is one of the most important factors affecting human behavior and performance. This is the reason why managers attach great importance to motivation in organizational setting. Rensis Likert‚ has called motivation as "the core of management". Effective directing of people leads the organization to effectiveness‚ both at organizational and individual levels. This paper focuses on motivation theories which originate
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The use of Expectancy and Reinforcement Theories of Motivation Expectancy theory refers to the cognitive or mental process of a person in regards to choosing or making a choice. It explains the process a person goes through to make a choice. There are three components to this the Expectancy theory they are Expectancy‚ Instrumentality‚ and Valance. The expectancy component is a person’s belief that the effort they put forward will lead to a certain type of performance. The instrumentality component
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Volunteer Retention in the Context of Motivation Theory Margaret Naylor‚ RN‚ MRCNA‚ AMPA‚ M Ed‚ M Internet Comm‚ B A‚ B Nurs. St John Ambulance Australia [ACT] May 2012 Abstract This paper examines the literature addressing the underlying factors in long term commitment of volunteers to community service organisations. It places the reasons given by volunteers for both joining and staying‚ into the context of motivation theory. It is motivation theory that provides a foundation for understanding
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