TASK 1 1.1 Explain the economic principles related to construction industry‚ taking the following in to consideration; Scarcity‚ Specialization‚ Division of Labour Scarcity This is the basic economic problem. Mainly Scarcity means that the resources are not enough to satisfy human wants fully or completely. In other words the resources are insufficient to produce all the goods and services humans might desire as the resources are limited and the human wants are unlimited. Here the resources
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factors that cause a person to work with. Motivation is a way to encourage yourself and others to action purposefully to achieve the goal. It is a certain external factor affecting the person and his inner state‚ which increases person’s desire to work. Content-based theories Content-based theories of motivation based on identification of the internal motives that make people act in a certain way. These theories are related to the studies of human needs and
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Background and introduction Balfour Beatty Construction is a commercial construction company that was formulated in 1933. The headquarter of the company is in Dallas‚ Texas and service office in U.S. the parent company of the Balfour Beatty Construction is Balfour Beatty which is a London based group. The group is a world class construction‚ services and engineering organization. The competitive and strategic position of the company can be assessed by the management tools including SWOT and PESTLE
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Race is a social and cultural construct based on groups of people ethnically identifying with each other. The Critical Race Theory is an aggressive theory that deviates from the modern liberal ideal of ‘colourblindness’ in acknowledging that racism is ingrained in human society by recognising race as a physical or biological characteristic. Racism maintains that race is actually a biological categorisation of humans‚ despite tens of thousands of years of humans of varying skin colours reproducing
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research human brain and learn more about the drives (including the drives to acquire‚ bond‚ comprehend and defend) which underlie human actions. It had many researches mentioning how these drives affect employee motivation in organizations. One of them is the article “Employee Motivation: A powerful new model”‚ written by Nitin Nohria (the Richard P. Chapman Professor of Business Administration)‚ Boris Groysberg (an associate professor at Harvard Business School in Boston) and Linda-Eling Lee (a
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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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Portfolio 1 Maslow’s theory “aims to resolve the confusion between drives and motives” (Huczynski and Buchanan‚ 2007 p.242). Maslow’s view was that “individuals had to satisfy lower level needs before seeking to satisfy higher level needs” (Cole‚ 1995 p.71). Maslow’s (1943) hierarchy was identified as eight steps but was broken down to five‚ with highest needs at the top and lowest needs at the bottom (Mullins‚ 2010). Each stage has a set of needs that motivates employees. Managers should understand
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MOTIVATION THEORIES: Goal Setting Theory: In the late 1960s‚ Edwin Locke proposed that intentions to work toward a goad are a major source of work motivation. That is‚ goals tel an employee what needs to be done and how much effort will need to be made. Specific hard goals produce a higher level of output than does the generalized goal of "do your best". Why? The specificity of the goal itself seems to act as an internal stimulus. For instance‚ when a trucker commits to making 12 round trips
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Maslow ’s Hierarchy of Needs Theory Pablo Valdez Liberty University Abstract Abraham Maslow introduced a very simple way of understanding the needs of a person. The Hierarchy of Needs sorts the needs of the lowest and most basic levels to the higher levels. Maslow then arises within their theory of personality‚ the concept of hierarchy of needs‚ which needs are structurally organized with varying degrees of power‚ according to a biological determination given by our genetic makeup as the agency
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According to Lockley (2012) offering training and development programs that effectively contributes to personal and professional growth of individuals is another effective employee motivation strategy. At the same time‚ Lockley (2012) warns that in order for motivational aspects of training and development initiatives to be increased‚ ideally they need to be devised and implemented by a third party with relevant competency and experience. Alternative working patterns such as job-rotating‚ job-sharing
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