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Business Management Skills Assignment

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Added on  2020-05-28

Business Management Skills Assignment

   Added on 2020-05-28

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1Management SkillsStudent NameInstitutionDate
Business Management Skills Assignment_1
2IntroductionEmployees are the most significant asset within an organization. Among the most prospect management concerns is employee motivation. Employe motivation involves workers rate of energy, creativity, and commitment in their jobs to improve companies’ productivity. However, the motivation of employees remains a complex issue that requires incorporation of various management policies for business to thrive (Latham, 2012, p. 12). Little or no employee motivation contributes to company’s failure due to the poor performance, dissatisfaction, and reduced personnel morale which directly lead to under-productivity. This essay discusses three theoretical approaches to employee motivation as well as evaluating four methods of employee motivation.Theoretical Approaches to Employee MotivationThe motivation of employees inspires them to provide excellent work, market organization's products adequately, and meet all their set goals. For managers to motivate employees, they needto understand the theories of employee motivation (Lepper and Greene, 2015, p. 80). The following is a discussion of theoretical approaches to employee motivation which influence organizational performance.Physiological theories (Maslow, McGregor, and Herzberg)The physiological motivation theories can be associated with three social scientists namely Maslow, McGregor, and Herzberg among other social researchers. These theories postulate that in every organizational setting, employees must get motivated and that this motivation makes them act uniquely in an attempt to achieve their set goals and fulfill innate goals of a company.
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3Maslow argues that employees get motivated to achieve particular needs and that these needs arenot equal since some have precedence over others. Maslow argues that physiological needs that comprise of food, shelter, and leisure are the most necessities for survival. When all employees get satisfied with physiological needs, the management needs to ensure that their safety needs arealso met. For instance, job security, family security, good health, and financial security through proper payments and allowances. Further, employee social needs which include love, friendship, affection, belongingness, and care must be sufficient both within the workplace and their home place (Miner, 2015, p. 100). Also, employees both internal and external self-esteem need to be addressed to motivate them. Such needs include self-respect, freedom, competence, confidence, job recognition, attention, and power. Further, Maslow argues that once all the above employee's needs are met, then they have the opportunity to exploit their full potential, knowledge, creativity, and service delivery at both personal and professional setting.McGregor came up with theory X and theory Y of management and motivation which are significant principles of developing excellent employees' management styles by the manager. Theory X involves considering individuals as focused on material rewards and prone to free ride.This theory suggests that managers should ensure that staffs get motivated relatively and that their behaviors are implemented carefully through enhancing sanctioning of unproductive behaviors as well as rewarding favorable workers behavior (Maia, 2010, p. 18). Theory Y postulates that personnel aspires to do excellent work and that the primary challenge behind this is the designing of employees reward system to alleviate misalignments that reward wrong behavior as used by the company. Also, Herzberg came up with the two-factor theory (Herzberg’s motivation-hygiene theory and dual-factor theory) that postulate that certain factors within the workplace create job satisfaction
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