Assignment No. 02 Financial Management & Policy PROGRAM: MBA Question No. 1 a) You need to have $50‚000 at the end of 10 years. To accumulate this sum‚ you have decided to save a certain amount at the end of each of the next 10 years and deposit it in the bank. The bank pays 8 percent interest compounded annually for long-term deposits. How much will you have to save each year (to the nearest dollar)? b) Vernal Equinox wishes to borrow $10‚000 for three years. A
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Motivation theories and practices remain as one of the most difficult subject to understand. In order to fully comprehend this topic‚ one must go through several disciplines and enormous research. This is especially crucial in the workplace. There is no methodology that is more efficient in increasing productivity than using motivation. Despite the importance of practicing motivation theories‚ it is still an area that very few have ventured in. One of the many reasons behind the reluctances of managers
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COHR 2104: Motivation Theory and Strategy Topic 1 Introduction The quest for improving performance at work is one of the essences of management. Clearly there are many factors involved in this- having the right equipment‚ people with the right knowledge‚ skills and abilities‚ and the right kind of organizational framework. But even with all these in place‚ something else is needed: the people must be willing to work. They have to be motivated in some way to undertake the tasks which will contribute
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motivational theory Frederick Herzberg’s motivation and hygiene factors Frederick Herzberg (1923-2000)‚ clinical psychologist and pioneer of ’job enrichment’‚ is regarded as one of the great original thinkers in management and motivational theory. Frederick I Herzberg was born in Massachusetts on April 18‚ 1923. His undergraduate work was at the City College of New York‚ followed by graduate degrees at the University of Pittsburgh. Herzberg was later Professor of Management at Case Western Reserve
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CHAPTER 5 MOTIVATION Maslow’s Need Hierarchy The crux of Maslow’s theory is that needs are arranged in a hierarchy. The lowest-level needs are the physiological needs‚ and the highest-level needs are the self-actualization needs. These needs are defined to mean the following: 1. Physiological. The need for food‚ drink‚ shelter‚ and relief from pain. 2. Safety and security. The need for freedom from threat‚ that is‚ security from threatening events or surroundings. 3. Belongingness‚ social
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Hertzberg ’s Theory: How managers might improve the motivation of employees. Name Institutional affiliation Course Tutor’s Name Date How managers might improve the motivation of employees using Hertzberg ’s theory Introduction “If you want people to do a good job‚ give them a good job to do” -Frederick Herzberg. In other words‚ for people to do a good job they have to be motivated. According to Webster’s New Collegiate dictionary a motive is “something (desire or need) that causes
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Abstract The term motivation theory is concerned with the processes that describe why and how human behavior is activated and directed. They try to explain why people make the decisions that they do and how they motivate themselves and others to improve behavior. There are two different categories of motivation theories such as content theories‚ and process theories. Even though there are different motivation theories‚ none of them are universally accepted and each being unique. Overview of
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The low workforce motivation and poor workforce productivity can create essential problems for a company‚ as the human resource is not only key asset‚ but also the major cost taking up over 75 per cent. Thus as an asset it is very important to take possible return from these expenditure by finding the best ways to meet the needs of people in order to help them to develop themselves to the full. In these essay will be examined HRM policies‚ supported with theories of motivation‚ which are used to
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MOTIVATION THEORY AND PRACTICE 1.0 Equity Theory The equity theory was proposed initially by Adams (1963). The focus of the theory has been to understand the motivational aspect of employees. The equity theory is based on the distributive justice principles promulgated to take care of social justice by balancing the economical disadvantages that existed in that period. It focuses on the need for fairness and justice as related to several human behaviors especially used by administrators
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DB2 Definition: Organizational Behavior notes‚ “Herzberg’s theory states that employees are primarily motivated by growth and esteem needs‚ not by lower-level needs” (Mcshane & Von Glinow‚ 2013‚ p.174). Summary: In the article entitled “Herzberg’s Theory of Motivation‚” Julio Warner Loiseau discusses Herzberg ’s findings. It’s revealed that certain characteristics of a job are consistently related to job satisfaction‚ while different factors are associated with job dissatisfaction. The conclusion
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