Impact of Motivation on Business Success: A Detailed Report

This report provides a detailed analysis of motivation in the workplace and its impact on business success. It begins with an introduction emphasizing the importance of motivation in influencing individual performance and retaining market share. The literature review explores various perspectives on motivation, including the work of Hanimayani, Wiyarni, and Deccasari (2019), who discuss motivation as a managerial process to inspire employees, and Green Jr. et al. (2017), who differentiate between extrinsic and intrinsic motivation. The report also references Yurchuk (2020), highlighting the importance of motivation in improving employee performance and adapting to change, and Emmerich and Rigotti (2017), who emphasize its role in reducing employee turnover. The report concludes that motivation is crucial for employee engagement and overall business success. The report also suggests that future research can explore the role of motivation in the growth and success of an organization.

DEVELOPMENT FOR
SUCCESS IN BUSINESS

TABLE OF CONTENTS
1. INTRODUCTION ......................................................................................................................1
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2. LITERATURE REVIEW ...........................................................................................................1
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3. CONCLUSION............................................................................................................................3
REFERENCES................................................................................................................................4

1. INTRODUCTION
Motivation is important process of company that helps in influencing individual to make
the best use of their existing capabilities and skills so that enterprise can retained its market
share. In another words, motivation can be defined as reason that motivate person to do specific
task in particular manners so that more outcome can be enjoyed by company. Moreover, it can be
stated that motivation is important process that helps in increasing overall performance and
productivity of individual. There are many more benefits that are enjoyed by company by
motivating diverse range of people to make the best use of their existing skills and capabilities.
Thereby company is able to delivered more value products or services to customers in limited
time frame and cost. This report has covered literature review on one of the crucial topic of
recent trends that is motivation at work that yield in growth and expansion of business. Thus, the
aim of report is to gathered relevant information related to motivation at workplace that lead in
providing maximum benefits to company.
2. LITERATURE REVIEW
Literature review is use of information taken from scholarly sources pertaining to specific
topic by making use of books and journals, articles etc. So, it can be stated that it is research of
scholarly paper that contained knowledge related to current finding. Therefore, literature review
related to motivation in work provided by different well- known author can be illustrated as
follows:
As noted by Hanimayani, Wiyarni and Deccasari (2019), motivation is process undertaken
by manager of company in order to inspired individual to react in particular manner for
achievement of end objectives. It inspired individual to act in perform desired task in specific
manner so that enterprise can enjoy high profitability and market share. So, as per the author is
the act of getting thing through other individuals by making use of different techniques for
benefits of organisation.
From the view points of Green Jr and et.al., (2017), there are two type of motivation
within company such as extrinsic and intrinsic motivation that inspired individual to take
particular steps so that organization can retained its market share. Extrinsic motivation is reward
driven behaviour like reward, praise and financial increment are some of the method that
influences individual to give their best so that company can delivered maximum value to
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customer's. So, extrinsic are external method that are used by manager to motivate people to
enhance their overall performance and productivity. Furthermore, Intrinsic motivation, is a
desired that internally motivate or pursued an individual to undertake specific task of company
so that it can earn more revenue. Likewise social environment or belongingness of individual to
company culture, mission, visions or the way it operate internally motivate people to work
effectively. Further author also illustrate that individual is motivated to complete specific task
because it is enjoying or highly satisfied with the work. So, manager by focusing on
psychological needs like safety, financial needs is able to make employee’s happy and satisfied.
As illustrated by Yurchuk (2020), there are various reason which illustrate the importance
of motivation for organisation likewise it contributes in improving overall performance level of
individuals. Motivated employee’s have willingness and ability to make optimum use of their
existing skills and capabilities so that company can retained its market share. Another benefits or
importance of motivation at work is that it reduce resistance of people to adapt to external
changes. Thus, manager of company can easily motivate or inspired individual to accept various
changes so that needs of customer's can be fulfilled in their best possible manner.
Moreover, the another author named as Emmerich and Rigotti (2017), also states that
motivation at workplace is necessary as it lead in reducing employee’s turnover and absenteeism.
As more and more individual are motivated to come in the organisation in order to have fun and
enjoyment thereby contributing in building strong brand image of company. At the same time it
can be stated that it reduce the chance of conflict and confusion happening between various
individuals so that they can able to give more outcome. Therefore, as per the author motivation is
important as it inspired individual to work coordinate as team for achievement of end objectives
of organisation.
Another author Fratrièová and Kirchmayer (2018), also specified that there are
numerous techniques as well as method that are used by manager of company to induce
individual to improve their overall performance. Such as rewarding and respecting individual for
their hard work is one of the best method that is used by manager to make employees happy and
satisfied within workplace. It by providing equal opportunities and chance to each individual is
able to yield growth and success of firm. Career advancement or development opportunities
provided to employee’s is another motivation techniques that could be used by manager to
pursued individual towards common goals of organisation.
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3. CONCLUSION
From the above report it can be concluded that motivation in workplace is crucial as it helps
employees to stay motivated to work by making the best use of their capabilities. There are
various techniques and method that are used by manager of company to influencing or increasing
performance of individuals. So, overall it helps in building strong relationship among various
individual that are working in the company for different purposes. Furthermore, it can be
illustrated that in future circumstances research can be also conducted on the way motivation
contribute in growth and success of organisation. So that manager can make use of them in order
to retain maximum number of individual in firm for achievement of last goals. It can also be
summarised from above report that motivation helps in retaining more and more employee’s in
the firm. Thereby, various operation of company can be easily completed and it can retained its
market share in external environment for longer time frame. So, it can be concluded at the end
that motivation not only significant for employee’s but also lead in enhancing brand image of
company.
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REFERENCES
Books and Journals
Emmerich, A. I. and Rigotti, T., 2017. Reciprocal relations between work-related authenticity
and intrinsic motivation, work ability and depressivity: A two-wave study. Frontiers
in psychology, 8. p.307.
Fratrièová, J. and Kirchmayer, Z., 2018. Barriers to work motivation of generation Z. Journal of
human resource management, 21(2). pp.28-39.
Green Jr, P .I and et.al., 2017. The energizing nature of work engagement: Toward a new need-
based theory of work motivation. Research in Organizational Behavior, 37. pp.1-18.
Hanimayani, M. M., Wiyarni, W. and Deccasari, D. D., 2019. Mediating Effect Of Motivation
On Work Culture Toward Employee Performance.
Yurchuk, N., 2020. Motivation of work of it-professionals under the influence of
digitalization. The scientific heritage.-Hungary: Budapest,-2020.-№ 54, Vol. 6.-Р. 53-
61.
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