Curious Observation – First Step in Decision Making Process
February 12, 2025
The Importance of Employment Statistics Management students and professionals alike should know the importance of employment statistics and numbers and must also know how to interpret such reports. Indeed, based on employment statistics and numbers, several important business decisions such as when to enter a particular market or how to base such entry strategies need […]
What are Toxic Workplaces and what Characterizes Them? Workplace culture is very important for organizations to bring the best out of their employees. Workplace culture is also important for employee engagement and employee productivity. Indeed, without an enabling workplace culture, employees would be demoralized and demotivated to work and this results in organizational atrophy and […]
The traditional financial theory assumes that all investors are rational. Hence, they believe that all investors will reach the exact same conclusion with regard to investment decisions. However, we see evidence of the opposite happening in the marketplace. Even if different people have the same information, they tend to process the information differently and come […]
Marketing communications is essentially a part of the marketing mix. The marketing mix defines the 4Ps of marketing and Promotion is what marketing communications is all about. It is the message your organization is going to convey to your market. You need to be very particular about different messages you are going to convey through […]
Chaos, Complexity, and Change The world is in turmoil. Whether it is the Eurozone debt crisis, the ongoing recession in the United States, the protests in the Arab world, the slowing down of the Chinese economy, or the political gridlock in India, business leaders are confronted with myriad challenges that demand out of the box […]
Motivation is a very important for an organization because of the following benefits it provides:
Every concern requires physical, financial and human resources to accomplish the goals. It is through motivation that the human resources can be utilized by making full use of it. This can be done by building willingness in employees to work. This will help the enterprise in securing best possible utilization of resources.
The level of a subordinate or a employee does not only depend upon his qualifications and abilities. For getting best of his work performance, the gap between ability and willingness has to be filled which helps in improving the level of performance of subordinates. This will result into-
The goals of an enterprise can be achieved only when the following factors take place :-
Motivation is an important factor which brings employees satisfaction. This can be done by keeping into mind and framing an incentive plan for the benefit of the employees. This could initiate the following things:
In order to build a cordial, friendly atmosphere in a concern, the above steps should be taken by a manager. This would help in:
Stability of workforce is very important from the point of view of reputation and goodwill of a concern. The employees can remain loyal to the enterprise only when they have a feeling of participation in the management. The skills and efficiency of employees will always be of advantage to employees as well as employees. This will lead to a good public image in the market which will attract competent and qualified people into a concern. As it is said, “Old is gold” which suffices with the role of motivation here, the older the people, more the experience and their adjustment into a concern which can be of benefit to the enterprise.
From the above discussion, we can say that motivation is an internal feeling which can be understood only by manager since he is in close contact with the employees.
Needs, wants and desires are inter-related and they are the driving force to act. These needs can be understood by the manager and he can frame motivation plans accordingly. We can say that motivation therefore is a continuous process since motivation process is based on needs which are unlimited. The process has to be continued throughout.
We can summarize by saying that motivation is important both to an individual and a business.Motivation is important to an individual as:
Similarly, motivation is important to a business as:
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