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Motivational Theories and Sources of Finance

   

Added on  2023-01-11

10 Pages2760 Words26 Views
Introduction to Business
studies
Motivational Theories and Sources of Finance_1
Contents
TASK 3............................................................................................................................................1
INTRODUCTION...........................................................................................................................1
MAIN BODY..................................................................................................................................1
Theories of motivation.................................................................................................................1
CONCLUSION................................................................................................................................3
TASK 4............................................................................................................................................4
INTRODUCTION...........................................................................................................................4
MAIN BODY..................................................................................................................................4
Short term and long term sources of finance...............................................................................4
Various investment appraisal techniques.....................................................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8
Motivational Theories and Sources of Finance_2
TASK 3
INTRODUCTION
Motivation is an activity of motivating and inspiring individual within a firm so that they
can execute their allotted work and duties or responsibilities in appropriate way by attaining their
set aims and objectives. To encourage employees, leaders within a venture accept several
leadership forms (Taylor and Richards, 2018). This document is based in Tesco that is a British
multinational grocery and general merchandise retail company. Now, this organisation is going
to open its discount store named as Jack Stores. The written report will discuss about
motivational theories and their benefits or drawbacks.
MAIN BODY
Motivation is understand as an essential factor that motivates individuals of a company to
perform task according to set and offered guidelines by the business venture. When enterprises
take effective measures to fulfil the demands of workforce, it makes a sense of believe and faith
in employees and they tend to become more involved with the company. They execute well and
assist the venture in form of attaining its set business objectives and aim in adequate form timely.
Theories of motivation
Tesco is a British retail company that operate its business globally and has been leading the
domestic market over the course of time. The senior administration of the company felt that the
competition in respective business is maximising. Because, there are number of rivals like
ASDA, LIDL and ALDI etc. that offer their goods and services to their consumers on discount
pricing that help in maximising market share or revenue and capturing large market share. So to
earn competitive edge, the administration of Tesco has announced to launch Jack Stores in future
that also offer goods on discount prices (Ghauri, Grønhaug and Strange, 2020). The management
of respective firm can adopted several motivational theories like Maslow Hierarchy and Adams
Equity Theory etc in form of encouraging workers who are executing their duties in these kinds
of outlets.
Maslow Needs Hierarchy Theory
It is an effective and important concept of motivation that is used to present the needs of
the workers distressing the company in form of a pyramid. This method of motivation can be
implementing by administration of Tesco to motivate its workforce to execute their
1
Motivational Theories and Sources of Finance_3

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