Contents INTRODUCTION.......................................................................................................................................3 MAIN BODY..............................................................................................................................................3 Motivation and its Importance.................................................................................................................3 Theories of Motivation............................................................................................................................3 Maslow's Need Hierarchy Theory...........................................................................................................4 Adam’s Equity Theory............................................................................................................................5 CONCLUSION...........................................................................................................................................5 REFERENCES............................................................................................................................................6
INTRODUCTION In an organization it is essential to motivate employees so that they conduct their work in effective manner for attaining goal as well as target. For this company management may conduct number of practices such as adopt motivational theories, develop policies and many more(Alamand Raut, 2019). Organization selected for this report is TESCO which is one of the leading stores of United Kingdom and it offer wide range of products at worldwide level. Now they are coming up with new store i.e. Jack a new discount store that will compete to domestic stores ALDI and LIDL. Topics which are covered in this report are two motivational theories that will help TESCO and Jack for motivating their employees. MAIN BODY Motivation and its Importance Motivation is considered as a driving factor which makes a person execute their work or task according to the requirement of company. Management adopts numbers of practices in order to develop motivation cultural at their workplace so that their employees deliver high quality services or performance. This will also develop feeling of satisfaction as well as valuable among the employees which encourage them to retain at workplace for the long time duration. This will directly or indirectly lead to enhancement in company capabilities which directly link to increase in profitability as well as market shares. In respect of Jack a new discount store they are adopting motivation theories for in order to ensure that their employees are highly motivated as well as satisfied with job. Theories of Motivation TESCO is leading BritishRetail Companyat domestic market, it is founded by Jack Cohen in year 1919. They are offering their services and products at UK, Ireland, India, Thailand, Hungary, Poland and many more. Respectivecompany always comesup with new and innovative ideas in order to conduct business effectively and for gaining competitive advantage at potential marketplace(Bakerand et. al., 2019). The main domestic competitor of respective retail firm is ALDI as well as LIDL and these companies are becoming first choice of customers from several years because they offer wide range of products at the discounted price.
So in order to attract customers towards them TESCO is launching new store named Jack a new discount store very soon. This discounted store of respective company will open at United Kingdom whichhelpsTESCO in enhancing their sales as well as profitability. Along with this it will also help respective firm in gaining competitive advantage from their competitors i.e. ALDI and LIDL(Quadri, 2019). Furthermore in respect to ensure about motivation level as well as satisfaction level of employees Jack as well as TESCO they are adopting two motivation theory which are given below:- Maslow's Need Hierarchy Theory It is consider as one of the most widely used motivational theory that include needs of staffs concerning to a company in the form of a triangle or pyramid. In respective theory requirement as well as need of a person is divided into different stage and their priority level is also differ like Physiological Needs is at lower stage and it is come at first number in priority list because it include cloth, shelter andnutrition(Amankwahand Osabutey, 2019). Such as in respect of TESCO who is opening its new segment i.e. Jack a new discount store for competing domestic competitors i.e. ALDI as well as LIDL. They adopt Maslow's Need Hierarchy Theory so that they can ensure that their employees will always feel motivated and conduct work in quality manner. Through adaptation of this model company also able to gain competitive advantage at the marketplace. Below explanation of Maslow's Need Hierarchy Theory is given in respect of Jack:- Physiological Needs:Needs which are included in respective stage arenutrition, cloth and shelter which are basic need of a person. In respect of this respect company may offer their proper salary, bonus and other monetary benefits to employees. Safety and Security Needs:The respectivestageof Maslow's pyramid will befulfill when TESCO will provide appropriate facilities related to insurance as well as medical amenities. Social Needs:This phase include belongingness as well as love which can befulfillby respective company by arranging festival parties, get together, informal meetings and many more.
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Esteem Needs:Respective stage of this model will include esteem as well as self respect, this type of need can befulfillby Jack a discounted store byrecognizingand appraising them on the regular basis. Self-ActualizationNeeds:This phase of Maslow's pyramid will be attain by Jack a new store of TESCO by offering proper training and development programmes on continuous basis because that willfulfillopportunities related to self development. Adam’s Equity Theory It is also consider as another essential motivation theory which is used by a company at the global level in order to enhance or boost theiremployee’smorale so that they perform effectively for attaining company's desire goal. According to this theory organisation treat their employees on equal basis so that they feel satisfied at the workplace. In respect of TESCO, they always conduct activities in order to ensure that inputs of employees met to desire outcome of firm(Hoang, Barnesand Munroe, 2019). Along with this, by adopting Adam Equity theory Jack a new discount store able ensure that their employees stay motivated always as well as they also put their full efforts for attaining company's goal or target effectively. Through this,respective company able to beat their domestic rivalry i.e. ALDI and LIDL in effective manner. CONCLUSION By above discussed point it can be determine that for every company management it is necessary to conduct motivation strategies so that their employees feel motivated and perform their work more effectively. Along with this they may also adopt numbers of theories or model such asAdam’s Equity Theoryas well as Maslow's Need Pyramid. Through this an organization manager can motivate their staffs for conducting work in appropriate manner so that they attain desire goal. Moreover it will also aid in conducting each and every activities in systematic manner because along with being motivated staff also become organized.
REFERENCES Books and Journals Alam, S. and Raut-Roy, U., 2019. Evaluating the Effectiveness of Reward Strategy at Tesco: Evidence from Selected Stores in UK.Indian Journal of Industrial Relations,55(1). Baker, T. L. and et. al., 2019. Discount venture brands: Self-congruity and perceived value-for- money?.Journal of Business Research. Quadri, A. A., 2019.Employees perception on effective reward system and motivating incentives toenhanceperformanceinIrishownedrestaurants:Acasestudyofreward managementsysteminCometRestaurantDublin(Doctoraldissertation,Dublin Business School). Amankwah-Amoah, J. and Osabutey, E. L., 2019. New challenges and opportunities in the globalmarketplace:learningfromdeveloped-countrymultinationals’ failures.International Studies of Management & Organization, pp.1-14. Hoang, D., Barnes, C. and Munroe, O., 2019. Management of traditional retail markets in the UK:comparativecasestudies.InternationalJournalofRetail&Distribution Management,47(5), pp.530-551.