LEARNING OBJECTIVES By the end of this chapter the student will be able to: ■ ■ ■ ■ ■ Frame the context for understanding the concept of motivation‚ particularly who and what motivates employees; Provide an overview of the different theories of motivation; Identify extrinsic and intrinsic factors that impact motivation; Assess misconceptions about motivation; and‚ Suggest strategies to enhance employee motivation. INTRODUCTION Managers are continually challenged to motivate a
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Agency Theory Description Agency theory describes the relationship between principals (shareholders‚ investors and owners) and agents (management). Theoretical discussions in business and academia may be a modern phenomena‚ however the dynamics surrounding agency relationships have been around since the dawn of barter and exchange. Most business relationships are fundamentally agency relationships. In simplistic terms principals have interests and goals to which they have transferred the
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Case Study Keller Business School of Management GM560: Entrepreneurship and Small Business Management 01/21/2012 Abstract: While conflict and other complications do arise in most family owned businesses‚ it is actually possible to run a successful family owned business. Considering that in the United States 90% of business is family run and owned. It is a viable venture to pursue at all costs for those who are not faint hearted. In this paper I will try to elaborate on some of the tips
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Theme: Higher Education in Public Sector in Malaysia. Topic: Factors which discourage Students from Involving in Entrepreneurship Specific Purpose: I would like to inform my audience the reasons why students become discouraged from participating in entrepreneurship. Central Ideas: Students tend to refrain themselves from involving in entrepreneurship due to lack of self-confidence‚ lack of funding‚ and low level of awareness. INTRODUCTION I. Attention getter: Questions to the audience
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Cross Cultural Management - Final Project Report Group Members: 1) Bilal Muneer (13102) Subject: Cross Cultural Management Submitted to: Sir Mohsin Date of Submission: 20th of December‚ 2013. Table of Content Content Page Number 1- Defining the relative culture Page 1 2- Strategic planning‚ business model and business conduct strategy Page 4 3- Entrance strategy Page 5 4- Human resource strategy and your approach to use of it Page 6 5- Leadership
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BANGALORE NORTH SURVEY NO. 35/1‚ ‘A’ SATHANUR VILLAGE‚ BAGALUR POST‚ OFF BELLARY ROAD‚ BANGALORE NORTH – 562149. BATCH 2014 - 2015 Acknowledgement I express my sincere thanks to Mrs. Tajinder Kaur‚ my Entrepreneurship Teacher and Guide‚ who guided me through the project and also gave valuable suggestions and guidance for completing the project. She helped me understand the intricate issues involved in project-making besides effectively presenting it. These
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Andrea K. Rivers ORG6503 : Organizational Theories & System Instructor: Kathleen Henry September 24‚ 2011 Introduction The owner of Creative Colors has taking my advice regarding restructuring and downsizing the company. The organization is now operating much more efficiently and has seen revenues begin to climb in its retail stores. With the improving economic climate in the region and the growing strength of the U.S. dollar compared to the Canadian dollar‚ the owner now sees an opportunity
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EFFECTIVENESS LEARNING OBJECTIVES 1. Explain why organizations exist and the purposes they serve. 2. Describe the relationship between organizational theory and organizational design and change‚ and differentiate between organizational structure and culture. 3. Understand how managers can utilize the principles of organizational theory to design and change their organizations to increase organizational effectiveness. 4. Identify the three principal ways in which managers assess and measure
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Timeline of Motivation theories 1911 Frederick Taylor’s scientific management Taylor first published his work‚ the Principles of Scientific Management. In his study he described how to apply scientific methods to the management of workers which could improve productivity. Scientific management methods suggests how to optimize the way tasks were performed and shortening the work so that the employees can be trained to perform to their very best. 1943 Abraham Maslow’s Hierarchy of needs
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Theory X‚ Theory Y by Douglas McGregor is a motivation theory. Douglas McGregor is a social psychologist and applied two sets of assumptions to the organizational structure called Theory X and Theory Y. His theory is based on managerial views of human beings. In his book‚ The Human Side of Enterprise‚ he outlined a new role for managers. He stated that managers should assist subordinates in reaching their full potential‚ rather than commanding and controlling. Theory X is negative and Theory Y can
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