Motivation Theories and Sources of Finance for Tesco's New Venture Jack

Introduction to Business
studies

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 3............................................................................................................................................3
1. Maslow hierarchy of needs...........................................................................................3
2. Herzberg’s Motivation Theory – Two Factor Theory..................................................4
TASK 4............................................................................................................................................5
1. Short term or long term source of finance..........................................................................5
2. Investment appraisal techniques and recommendation......................................................7
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Motivation is one of the essential factors which could be helpful for the business in
enhancing employee retention and their job satisfaction level as well. Motivation can boost up
overall productivity of the business due to which high efficiency and sustainability can be
achieved by the business in marketplace (Wang, Kim and Lee2016). Similarly for business
determination of sources to finance is highly essential as it helps the business to expand and
grow within their expansion and development project. This report elaborates all these concepts
which are based on new discount store of Tesco named Jack in order to give competition to their
rivals such as ALDI and LIDL.
TASK 3
Tesco has come up with a new marketing strategy of opening up a new discount store
named Jack in order to compete with ADLI and LIDL. In the process to establish this new chain
in successful manner Tesco is required to motivate their employees that may enhance their
dedication and commitment towards their business operations. The major driving force behind an
employee is the pushed motivation on them. This factor is the most essential dimension of their
working performance and behaviour which lead the company to see its growth and development
in stipulated time frame. There is various motivation theories which could be used by HR
assistant of Tesco in order to motivate their workforce, some of them are elaborated as under:
1. Maslow hierarchy of needs
This theory of motivation is consisting of 5-tier model which are described on the basis
of priority pyramid. These models are explained as under:
Physiological needs: These needs are associated with elementary needs of a human such as
water and all other basic amenities which are required by an individual. In the context of Tesco
these needs are helping the employee in stay motivated as by working in a good manner
monetary benefits can be received that is helpful in enhancing motivation.

Safety needs: These needs include the aspects which cover physical, environmental and safety
dimensions. Within this aspect HR assistant of Tesco is supposed to give job security and
financial security to their employees so that to motivate them towards their business duties.
Social needs: This aspect includes love and affection needs that mean belonging at workplace.
Within this HR assistance of Tesco is having duty to create healthy environment and for this
numerous activities can be conducted by them in order to enhance integrity at workplace due to
which turnover can be minimised (Amani and Shabahang, 2017).
Esteem needs: This aspect includes respect, confidence, competence and freedom. As in context
of Tesco HR manager is treating their employee in high respectful manner so that they feel
freedom and work freely. This effort motivates them for their business operation and minimises
employee turnover as well.
Self-actualisation needs: This includes attainment of the ultimate goal which is pursed by an
individual. So in this context HR assistant of Tesco is required to formulate robust strategy for
promotions and appraisals which could motivate employees in a better way and enhance their
retention.
This theory of motivation is helpful for Tesco in their new venture Jack as it is a new
concern so dedicated and motivated workforce are required by them in order to succeed in
market. On the other hand this theory leads to have high retention of employees as they are
getting all of their needs satisfied so as it attracts them towards better performance.
One of the biggest disadvantages of this theory is to decide upon that which needs are
accomplished by an individual. So for success of Jack this factor is a dodge as HR manager
cannot calculate level of needs of each and every individual. On the other side needs are defined
as their own manner by an individual so this bifurcation is not proven true for every individual.
2. Herzberg’s Motivation Theory – Two Factor Theory
This theory is based on two factors those are having prominent role in motivating
employees at workplace which are elaborated as under:
Motivators: These are the factors which are responsible to motivate employees within
workplace. These factors are having prominent role in rendering motivation to working