Classical Theories of Motivation
February 12, 2025
There are several organizations in the world that follow their very own risk management practices. However, there are some practices that are better than others. An international body has been formed to collate and codify such risk management practices. This international body is called the International Risk Governance Committee (IRGC). The International Risk Governance Committee […]
Motivation is a goal-oriented characteristic that helps a person achieve his objectives. It pushes an individual to work hard at achieving his or her goals. An executive must have the right leadership traits to influence motivation. However, there is no specific blueprint for motivation. As a leader, one should keep an open perspective on human […]
Rise above Social Stratification All societies are stratified and have elements of hierarchy amongst their members. If the notion of Varna or Caste is prevalent in the East, then the notion of class and race is prevalent in the west. In recent decades, with the advent of modernity and postmodernism, there has been a tendency […]
What Makes Human Beings Different from Animals ? Answer – It is the way they carry themselves in the society. Here comes the importance of manners and etiquette. It is essential for an individual to behave in a responsible manner acceptable to the society. People around us must not feel embarrassed by our behaviour.One should […]
In the previous article, we have already studied how expected and unexpected losses are calculated using statistical techniques. However, there are certain events and their associated credit risks which are not captured by the analyses mentioned above. In order to include them in the calculation, another technique called stress testing is used. In this article, […]
David McClelland and his associates proposed McClelland’s theory of Needs/Achievement Motivation Theory.
This theory states that human behaviour is affected by three needs:
Need for power is the desire to influence other individual’s behaviour as per your wish. In other words, it is the desire to have control over others and to be influential.
Need for achievement is the urge to excel, to accomplish in relation to a set of standards, to struggle to achieve success.
Need for affiliation is a need for open and sociable interpersonal relationships. In other words, it is a desire for relationship based on co-operation and mutual understanding.
Such individuals try to get satisfaction in performing things better. High achievement is directly related to high performance.
Individuals who are better and above average performers are highly motivated. They assume responsibility for solving the problems at work. McClelland called such individuals as gamblers as they set challenging targets for themselves and they take deliberate risk to achieve those set targets.
Such individuals look for innovative ways of performing job. They perceive achievement of goals as a reward, and value it more than a financial reward.
Such individuals are motivated by the need for reputation and self-esteem.
Individuals with greater power and authority will perform better than those possessing less power.
Generally, managers with high need for power turn out to be more efficient and successful managers. They are more determined and loyal to the organization they work for.
Need for power should not always be taken negatively. It can be viewed as the need to have a positive effect on the organization and to support the organization in achieving it’s goals.
The manager’s ability to make decisions is hampered if they have a high affiliation need as they prefer to be accepted and liked by others, and this weakens their objectivity.
Individuals having high affiliation needs prefer working in an environment providing greater personal interaction.
Such people have a need to be on the good books of all. They generally cannot be good leaders.
Your email address will not be published. Required fields are marked *