Motivation Larry Page and Sergey Brin‚ the founders of Google Inc.‚ did not want to apply the traditional culture of corporation based on extrinsic rewards system only and where employees are stuck in a cubicle for hours without sharing ideas or experiences. As the traditional “Do a great job and you will be recompensed with a increment in your salary”. Larry Page and Sergey Brin‚ wanted to create something more‚ an innovative culture in which Human Resources will be call “People operations”‚
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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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CASE INCIDENT 1 : MOTIVATION IN THE HONG KONG POLICE FORCE Would you be interested in working as a Hong Kong police officer?Why or why not? I would be interested in working as Hong Kong police officer because the department is paying great attention to the employees morale and motivation.This can be seen by the way the department treat their employees by rewarding them with awards and recognition after the employee had accomplished a special achievement and performed their assigned duties at
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Costco Wholesale in 2012 Costco Wholesale in 2012 Problem Statement Costco exhibits several strategic weaknesses in comparison with its competitors. Analysis and Evaluation Since the inception of Costco in 1983‚ one of its drawbacks is‚ they have 4‚000 selections of merchandise compared to their competitors. In addition‚ customers can only purchase merchandises in bulk. Consumers who shop at Costco do not have the choice to pick up one single item‚ for instance a can of soup. Although
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creating a “memorial experience” for their customers starts with their employees. Ritz-Carlton invests in their employees to ensure that their people’s genuine care and focus is on their customers. The Ritz uses an array of strategies to fuel motivation that range from intrinsic motivators such as empowerment to extrinsic motivators like their fringe benefits and compensation packages. There is no coincidence that this service excellence organization won the Department of Commerce awarded the
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Costco vs. Wal-Mart With $401.2 billion revenues‚ the retailing giant‚ Wal-Mart‚ has been ranked as the 2nd place of 2009 Fortune 500 companies. This company is seen as the most successful business in the world today but also viewed as the vital indicator to observe the status of financial crisis recovery. Wal-Mart has won market share during the recession by offering customers lower prices as its successful marketing strategy. Moreover‚ Wal-Mart is long for expanding its kingdom all over the world
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Key Problems c-39 The key problems for Costco involve the current global financial conditions‚ demographics‚ the ability to keep market share in North America and the ability to find ongoing and reliable sources of merchandise. The current economy is showing substantial declines in consumer durable spending as people defer such purchases as furniture and large appliances. In addition‚ according to the MasterCard financial report for May 2010‚ purchases of apparel have declined 6% for women
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Costco:Internal / External Analysis Table of Contents INTERNAL ANALYSYS: • About Costco • Mission Statement • Corporate Governance & Stakeholder Management • Locations • Strategic Objective • Primary Activities • Support Activities • Costco Membership • Financial • Net Income • Net Sales • Membership Fees • Gross Margin • Selling‚ General & Administrative Expenses • Cash Flows • Expansion Plans • Conclusion EXTERNAL ANALYSIS • Demographics • Socio-cultural • Political/Legal
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Employee Motivation‚ Recognition‚ Rewards‚ and Retention: Kicking It Up a Notch! By Demetrice Branch W eaver employs more than 400 team members at offices in Austin‚ Dallas‚ Fort Worth‚ Houston‚ Midland‚ Odessa‚ and San Antonio‚ Texas. Operating offices in disparate geographical areas presents challenges in establishing unified practices across all locations. Moreover‚ business expansion fueled by acquisitions and organic growth presents challenges in maintaining an atmosphere where employees
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Sinegal is an effective CEO? What grades would you give him in leading the process of crafting and executing Costco’s strategy? What support can you offer for these grades? Refer to Figure 2.1 in Chapter 2 in developing your answers. 4. How well is Costco performing from a fi nancial perspective? Do some number-crunching using the data in case Exhibit 1 to support your answer. Use the fi nancial ratios presented in Table 4.1 of Chapter 4 (pages 104-105) to help you diagnose Costco’s fi nancial performance
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