they are a principle source of income. Creative ideas and productivity are essential to maximizing this income‚ for which motivation is a key factor. A motivated workforce results in a job being done excellently which can therefore yield higher profits for the company. This illustrates why motivation is considered to be highly important and most companies are trying to focus on how to get their employees motivated. In addition‚ motivation is also important because it has a strong positive effect
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Notes on labor productivity Labor productivity is a key element in the explanation of how the economy works. It is especially important with regard to wages. What follows is some material about labor productivity and investment spending that is a reorganization of what is presented in your textbook. Its focus is on the connection between labor productivity and wages. Labor productivity is the value of the product or service you can produce in an hour‚ day‚ week or other unit of time. The value
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Understand the relationship between strategic management and leadership Strategic management refers to the coordination of material‚ human‚ financial and technological resources of an organisation to enable it and all its stakeholders to achieve their stipulated goals in an effectively and efficiently. Leadership is the process of organising‚ supporting and directing the individuals in an organisation with the aim of influencing them to work in pursuit of the goals and missions of an organisation
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AMITY UNIVERSITY RAJASTHAN AMITY BUSINESS SCHOOL TERM PAPER MOTIVATION SUBMITTED TO: SUBMITTED BY: Dr. Mrs. Preeti Yadav Akshay Karnwal B.com (Hons)
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work life balance and productivity. Work life balance has been defined as a phenomenon whereby optimum prioritisation between work and life aspects are achieved (Maxwell & MacDougall 2004). Nevertheless‚ many employees are unable to achieve an appropriate work life balance and this causes serious impacts on the health and individual wellbeing that effect work productivity. Achieving a good balance between work and life is critical because losing the balance means that an employee is more venerable to
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chapter Motivation Definitions of motivation Importance of motivation Elements of motivation Motivation process Characteristics of motivation Motivation factors Types of motivation Theories
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|BASIC MOTIVATION CONCEPTS | LEARNING OBJECTIVES After studying this chapter‚ students should be able to: 1. Outline the motivation process. 2. Describe Maslow’s need hierarchy. 3. Contrast Theory X and Theory Y. 4. Differentiate motivators from hygiene factors. 5. List the characteristics that high achievers prefer in a job. 6. Summarize the types of goals that
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A considerate of contemporary management function of the employer-employee relationship The six journal articles that have been looked at stem from the original Locke‚ (1982) article. Frederick W. Taylor popularised of scientific management. The essay will discuss 5 aspects of Taylor’s ideas about scientific management and show how understandings of contemporary management functions and the employer-employee relationship have been developed from Taylor’s ideas. What was Taylor’s idea about the
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marks ) ANSWER FOR Q2. Definition Of Motivation Motivation is defined as the incentive that is given for inspiration to accomplish something. Motivation can persuade someone to think a certain way or a drive that moves them to do a certain thing.Definitions of motivation abound. One thing these definitions have in common is the inclusion of words such as "desire"‚ "want"‚ "wishes"‚"aim"‚"goals"‚ "needs"‚ and" incentives". Luthan (1998) defines motivation as‚ "a process that starts with a physiological
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How to improve Productivity? Introduction The topic of the essay reminds me of the 1924 Charlie Chaplin classic “Modern Times” which showcased the insane attempts made by the capitalists to improve productivity and hence rake in maximum profits. The attempt of organisations towards increasing productivity still continues but in a more subtle fashion. Most organisations irrespective of their constitution‚ are finding ways to improve the productivity of their employees. It is especially relevant
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