Classical Theories of Motivation
February 12, 2025
Credit derivatives are the most important financial innovation in the field of credit risk management. These derivative instruments have been created quite recently. They have only been traded for a couple of decades as compared to other instruments like stocks and bonds which have been around for centuries. Within this short period of time, credit […]
Motivation is a very important for an organization because of the following benefits it provides: Puts human resources into action 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 […]
Reinsurance contracts tend to be very complicated. As we have already studied in the previous articles, a wide variety of complicated structures with various cash flow probabilities are associated with reinsurance contracts. Hence, it needs to be understood that the complicated nature of these reinsurance contracts sometimes ends up creating complicated accounting policies as well. […]
The behavioral approach to public administration owes its genesis to the Human Relations Movement of the 1930s. The movement started off as a protest to the traditional approaches to public administration that focused on organizations, institutionalization, rules, and code of conducts etc with absolutely no mention of people who are the center of all these […]
Etiquette helps individuals behave in a socially responsible way. In simpler words, etiquette transforms a man into a gentle man. Remember employees need to behave sensibly and appropriately to make their position secure at the workplace. No organization likes to have someone who lacks etiquette. Respect the place where you earn a living for yourself. […]
Human behavior is goal-directed. Motivation cause goal-directed behaviour. It is through motivation that needs can be handled and tackled purposely. This can be understood by understanding the hierarchy of needs by manager. The needs of individual serves as a driving force in human behaviour. Therefore, a manager must understand the “hierarchy of needs”. Maslow has proposed “The Need Hierarchy Model”.
FIGURE - Maslow’s Need Hierarchy Model |
The needs have been classified into the following in order:
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