Motivational Techniques of Jack

This assignment discusses the motivational techniques used by Jack discount stores and their benefits and drawbacks. It explores Maslow's Hierarchy of Needs and Vroom's Expectancy Theory. The assignment also evaluates the feasibility of purchasing and running a new ferry using investment assessment techniques. The subject is management and the course code is not mentioned. The document type is a case study.

MOTIVATIONAL TECHNIQUES OF JACK

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Overview of case study..........................................................................................................1
Analyse and examine motivational techniques and mention their benefits and drawbacks for
Jack discount stores................................................................................................................1
CONCLUSION................................................................................................................................3
Task 4...............................................................................................................................................4
INTRODUCTION...........................................................................................................................4
REFERENCES................................................................................................................................8

INTRODUCTION
There are different kinds of motivational theories which are used for managing
performance of employees. It is very important for the company that work is managed
effectively so that employee performance is managed. In the present assignment, there is case of
“Jack” which is a new discounted stores of TESCO. This company provides effective
competition to different countries like Lidl, Aldi. There is explanation of motivational theories
and demerits and merits of these.
MAIN BODY
Overview of case study
There is a store of Tesco known as Jack. These stores are developed for providing tough
competition to other companies like Lidl, Aldi etc. Jack Stores will give strong competition to
other stores in terms of pricing and product quality. It is very important for the company that
business operations are done properly so that management of work is done properly.
Analyse and examine motivational techniques and mention their benefits and drawbacks for Jack
discount stores
There are different motivational theories which are used for managing the performance of
employees. It is very important for the companies to increase morale and value of employees so
that it is easy to work in proper manner. There are two theories of motivation like Maslow’s
Hierarchy of needs and Vroom's expectancy theory. The description regarding these theories are
mentioned below -
Maslow's hierarchy of needs: It is one of the best theories of motivation used by the
companies for motivating and encouraging employees. This is essential for the companies to
manage the motivation of employees so that it is ensured that goals are achieved. There are five
categories of motivation given by Maslow. These are those aspects which will provide
opportunity to employees of Jack store to manage their performance. The different factors of this
theory is mentioned below:
 Psychological needs: These are known as the basic needs or amenities which are
required for a person to live. These are cloth, food, water, air etc. it is very important to
fill the needs and demands of employees for managing the performance of employees and
staff.
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 Safety needs: These are known as the requirements for an individual to provide job
security and health safety at workplace. These are helpful for managing the performance
of employees and making them work efficiently.
 Belongingness and Love: These are associated with affection, love, care and attention.
When employees and staff of Jack store are provided good bond and relation for making
them feel good while working in the company. It is concluded that belongingness and
love will create a feeling of good nature among the people around employee.
 Esteem needs: There are various factors included in the managing of employee
performance like appreciation, respect and love which an employee receives while
working in a firm. It is very important to provide fulfilment of such requirements for
managing the work.
 Self actualisation: These kind of needs are associated with the desire of a person to
develop and grow by challenging their working potential. If workers at Jack Stores will
be given challenging work and proper guidance, they will try to offer their best
performance so that their overall productivity can rise and they can attain maximised
benefits in their career.
Positive and negative impact of this theory on workers
 Positive impact: Maslow's motivation theory is helpful for providing advantage to
people. This is stated as workforce of Jack are [provided effective motivation and
encouragement for working in better manner. Also, there is need for the company to
achieve the organisational goals by making the managers acknowledge intra-personal and
inter-personal variations of their employees.
 Negative impact: This theory lacks a hierarchical structure. This is the reason for lack of
satisfaction of priority of demands and needs of employees. There are few people who
are managing the self actualisation need. This theory is not applicable for all employees.
Victor Vroom Expectancy theory: This theory states that employees of a company feel
motivated by those factors which enhances their pleasure and minimise their pain. This theory
believes that performance of Jack store employees is dependent on their skill, personality,
knowledge and abilities. Aspects of this theory are mentioned below:
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 Expectancy: There is increase in performance of the employee if work is done in proper
manner and goals are achieved. The Jack store is working in effective manner to analyse
what are the right resources needed for support.
 Instrumentality: According to this aspect, it is concluded that employees must be
performing for managing the results. It is important for the management of performing in
effective manner so that work is done properly.
 Valence: This is very important for the company to manage the work effectively so that
employees are able to get the desired results. The employees of jack stores are provided
good incentives and bonus for working in proper manner within the organisation.
Positives and negatives of Victor Vroom theory
 Positive impact: This theory says that employees can be motivated by giving them
incentives and rewards. This theory will help manager in Jack Store to offer exact reward
which is needed by employee.
 Negative impact: This theory is not considerable without the presence of manager. This
theory denotes the expectations of employees but if manager in not capable to identify it
then this can impacts the working of Jack stores in negative manner.
CONCLUSION
It is concluded that employees are provide encouragement and motivation to employees
so that they are working properly. It is seen that all the companies must be having effective
motivational theories for managing the performance of employees and increasing the
management of work. It is very important for the company that effective motivational theories
are adopted for increasing performance of the company and enhancing overall productivity. It is
concluded that Victor Vroom expectancy theory is the best for an organisation in terms of
encouraging workforce.
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Task 4
INTRODUCTION
In order to provide adequate financial resources, this is essential in the sense of the trade
associations. Since funding for all types of projects is an integral aspect. Firms raise capital from
various outlets to satisfy the financial requirements (Roberts, 2015). The project report is focused
on a company which provides ferry crossing facilities. In the present era, this organization aims
to develop its own business with modern ferries. The report, by comparison, integrates portfolio
evaluation methodologies in order to make accurate investment decisions.
MAIN BODY
1. Shorter and lengthy term of source of funds in order to acquire new ferry and for
satisfying requirement of working capital.
There are a variety of financial through which companies receive funding in the current
business context. It depends on which companies receive funds from which funding source.
Finally, there are two types of funding sources which are listed below:
Short term source of finance- It can be viewed as a form of funding stream from which
businesses may get capital for less than one year in order to fulfil a lower demand for spending.
They can meet requirements for working capital with this source, as in the Zylla Limited
Company. There are specific outlets such as:
 Bank loan or overdraft - The term bank loan can be defined as a quantity of funds,
usually on leverage, transferred by a bank over even a period of time at the debtor 's
expense. Although the bank overdraft is a method of financing in which people may also
borrow capital, in a bank account they don't have enough capital. It is a crucial source of
pace to satisfy the criteria for working capital.
 Additional partners- A business will attach new investors to this funding pool to apply an
extra sum of capital to the total assets. It can be useful to meet short-term requirements.
They can meet their working capital needs with a few new partners within the Zylla
limited company.
 Accounts receivable financing- It offers short-term funding for businesses to market their
assets to third parties in order to fulfil immediate cash requirements. Through this
process, above client funds may be collected to fulfil working capital requirements.
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Long term source of finance- It is a type of financial source through which companies can
receive funds for more than a year to satisfy a longer demand for spending (de Meijer and de
Bruijn, 2014). They will fulfil the necessity of buying new ferry by utilizing this source, such as
at the Zylla limited business. There are specific outlets such as:
 Leasing- This may be described as a contract for the recruitment for some property for a
limited duration of the payment of accepted rents between a lessor (land owner) and a
lessee (an individual who was receiving assets). This can be seen in the dimension of the
aforementioned business where they may buy a new lease-based ferry where saves
money.
 Retained earnings- It is a type of financing source which can be produced without any
cost within a company (Ford and Leonidou, 2013). Firms can obtain this if they do not
pay their stockholders profit dividends. As in the company mentioned above, they can
meet the need to acquire a new ferry through this fund source.
 Term loan from financial institutions- This is a significant financial source where
companies can receive financial support from external banks and other financial
institutions. As in the description, by taking loans from banks they will buy new ferry.
2. An overview of different risk assessment techniques and indicating the feasibility of
purchasing and running new ferry using one acceptable investment assessment technique.
There are various forms of approaches to study diverse investment strategies in practical
terms. Here are some of the following techniques:
Payback period- It may be described as a procedure to measure the duration of the investment
cost coverage phase. The following formula is used to calculate this:
If cash flows are equal:
Payback period = Initial investment / cash flow
When there is unequal cash flow-Payback period = Years before recover + UN-recovered cost in
beginning of year + Cash flow in the year.
Accounting rate of return- The approaches used by companies to measure the estimated pace at
which profits from investments will be produced are characterized. Return Rate Calculation
Formula:
ARR= (Average annual profit after depreciation / Investment) x 100
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Net present value method- The methods used to measure the actual value of any specific project
can be described as these (McFarland, 2015). NPV Estimation Formula:
NPV = Discounted cash flow – Initial investment
Internal rate of return- This form of methodology is used to measure the internal levels of
return to determine the efficiency of programs. IRR calculation formula:
Analysis of efficiency of ferry:
Initial investment = 150000
YEAR Discount Factor Cash Flow Computation
1 0.971 55230 53628.33
2 0.943 70045 66052.43
3 0.915 88375 80863.12
4 0.888 79870 70924.56
5 0.863 57555 49669.96
Decommissioned 0.863 45000 38835
TOTAL 359973,4
NPV 359973.4-150000=209973.4
NPV=PRESENT VALUE OF CASH INFLOWS-PRESENT VALUE OF CACH
OUTFLOWS
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Analysis- On the basis of the net current value measured above, it is obvious that it would be
beneficial for the aforementioned business to purchase a new ferry. This is because their project's
current value is positive.
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REFERENCES
Books and Journals
Guclu, H. and Guney, S., 2017. The effect of the motivation techniques used by managers to
increase the productivity of their workers and an application. Business Management
Dynamics. 6(7). p.1.
Allan, V. and et. al., 2018. The use of behaviour change theories and techniques in research-
informed coach development programmes: a systematic review. International Review of
Sport and Exercise Psychology. 11(1). pp.47-69.
Abyad, A., 2018. Project Management, Motivation Theories and Process Management. Middle
East Journal of Business. 13(4). pp.18-22.
Lata, M. S., 2017. Motivation is a key to Successful Organisation. International Journal of
Engineering Technology Science and Research. 4. p.12.
Barreto, M. A. M., Vasconcelos, S. S. and dos Santos, E. F., 2017, July. Motivation and Work: A
Survey of the Motivational Aspects in Industries. In International Conference on
Applied Human Factors and Ergonomics (pp. 319-328). Springer, Cham.
Taylor, I. M., Boat, R. and Murphy, S. L., 2018. Integrating theories of self-control and
motivation to advance endurance performance. International Review of Sport and
Exercise Psychology. pp.1-20.
Roberts, R., 2015. Finance for small and entrepreneurial business. Routledge.
de Meijer, C. and de Bruijn, M., 2014. Cross-border supply-chain finance: An important offering
in transaction banking. Journal of Payments Strategy & Systems. 7(4). pp.304-318.
McFarland, B.J., 2015. International finance for REDD+ within the context of conservation
financing instruments. Journal of sustainable forestry 34(6-7). pp.534-546.
Ford, I.D. and Leonidou, L. C., 2013. Research developments in international marketing. New
Perspectives on International Market-ing, edited by SJ Paliwoda. pp.3-32.
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