Motivation Theories and Source of Funds for Zylla Limited
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This project report includes analysation of motivational theories that satisfy requirement of Tesco management. It also consist advantage and disadvantage of these theories in Jack discount stores. It also includes source of funds for Zylla Limited.
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Contents INTRODUCTION...........................................................................................................................1 MAIN BODY..................................................................................................................................1 Motivation theory........................................................................................................................1 Source of funds for Zylla Limited...............................................................................................2 CONCLUSION...............................................................................................................................4 REFERENCES................................................................................................................................5
INTRODUCTION Motivation refers to process which initiate, maintains and guide specific behaviour among different person. It provide ways to business in which they can encourage their staff members to contribute their best in order to provide success to business (Murnieks, Klotz and Shepherd, 2020). It is considered as integral part of process in which managers of company create urge and willingness among employees to give their best for attainment of goals and objectives. This project report includes analysation of new discount stores of Tesco which is Jack Store. It is part of on going strategy of Tesco that assist them to get competitive position in market against Aldi andLidl.Thisprojectreportincludesanalysationofmotivationaltheoriesthatsatisfy requirement of Tesco management. It also consist advantage and disadvantage of these theories in Jack discount stores. MAIN BODY Motivation theory Motivation theory can be described as understanding of drives of a person in order to work for specific goal as well as outcome. It is important member of society and also for business and management (Alsawaier, 2018). It helps business to employees that make their employees more productive. There are basically two types of motivational theories there which create impact over motivation of a person. Explanation of these motivation theories are mentioned below: Content theories: It is one of theory of motivation that focus on what and focus on different aspect like what people feel related to needs of their lives. As per this theory, motivation of people is based on acquisition of different things which is required by a person. There are different types of theories included in this theory which are mentioned below: Maslow Hierarch of need theory:It is one of theory which was given by Abraham Maslow in the year 1950. It is a theory that focus in different type of needs of a person like social needs, safety needs, self esteem needs, basic and self actualisation needs (Dörnyei, 2020). Alderfer's ERG theory of need: It is a motivation theory that was introduced by Clayton Alderfer in the year 1960. It is a theory which consist three types of needs like relatedness, growth and existence. 1
McClelland's Theory of Needs:It is a motivation theory which was introduced by David McClelland in the year 1960. It is a theory which based on three types of emotional needs of a person including power, affiliation and achievement. Herzberg's Two Factor Theory:It is a motivation theory that was introduced by Fredrick Herzberg in the year 1950. This model emphasis that safety as well as salary is important in order to overcome of dissatisfaction at work and also recognition and autonomy motivate them (Schunk and DiBenedetto, 2020). Process theories: Process theory of motivation is one which focus on how and follow psychological as well as behavioural process followed by a human. Understanding of this process make is easy for a person to understand action context and interaction that motivate individual (Breaugh, Ritz and Alfes, 2018). There are different theories included in this types of motivation which are mentioned below: Skinner's Reinforcement theory Vroom's Expectancy theory Adam's Equity Theory Locke's Goal Setting Theory Source of funds for Zylla Limited In order to run successful business, Zylla Limited require funds from different source. These source includes both long term and short term funds which are mentioned below: Long term financing:It is one of financing which can be raised by firm for long period of time. It can be used for investment in fixed assets like purchase of ferry, expansion and other things (Katabi and Dimoso, 2018). It consist different source of funds which are mentioned below: Equity financing Corporate bond Short term financing:It is one of financing which can be raised by a person for short period of time. It is used by business in order to meet day to day requirement and also improve liquidity of business. Some of short term finance required by business are mentioned below: Commercial paper Promissory note 2
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Both of these funds has its own advantage and disadvantage (Yin, Wu and Wang, 2021). It is recommended to Zylla Limited to use both of the source in balanced manner in order to meet both short term and long term requirement of business. Investment appraisal is one of techniques which provide guidance to manager about which project or investment is more attractive and profitable for company. There are different types of investment appraisal techniques used by a person and explanation of these are mentioned below: Net present value:This technique can be used by company for purpose of identification of investment planning. It can be calculated by identifying different among present value of cash inflow and outflow for specific period of time (Balakin, 2021). It can be calculated on basis of following formula: Cash inflow – Cash outflow Internal Rate of return:It is one of technique of investment appraisal which is also known as discount rate. It can be calculated on net present value by comparing different operation (Selim, 2021). Calculation of IRR can be based on following formula: 3
IRR of Zylla Limited is 30.019 and its NPV is 0%. IRR is based on profit generated by firm and allow firm to calculate it in effective manner. It is a company which used both techniques in order to calculate profitability for firm (Puie, 2020). But NPV is considered as more effective techniques as it allow firm to get quick results. CONCLUSION From above mentioned project report, it can be concluded that motivation is one of important component for an organisation as it allow employees to give their best and also allow firm to get success. There are different types of motivation theories to be adopted by business like content theory and process theory. There are also different types of source of funds which can be required by firm like long term financing and short term financing. 4
REFERENCES Books and Journals: Alsawaier,R.S.,2018.Theeffectofgamificationonmotivationandengagement.The International Journal of Information and Learning Technology. Balakin, I.A., 2021. Model of creating value in business acquisition transactions with borrowed funds.Kant,38(1). Breaugh, J., Ritz, A. and Alfes, K., 2018. Work motivation and public service motivation: disentangling varieties of motivation and job satisfaction.Public Management Review, 20(10), pp.1423-1443. Dörnyei, Z., 2020.Innovations and challenges in language learning motivation. Routledge. Katabi,R.J.andDimoso,R.,2018.RelationshipBetweenSMEsSourcesofFundsand Investment Evaluation Techniques.Business and Management Studies,4(4), pp.61-70. Murnieks, C.Y., Klotz, A.C. and Shepherd, D.A., 2020. Entrepreneurial motivation: A review of the literature and an agenda for future research.Journal of Organizational Behavior, 41(2), pp.115-143. Puie,F.R.,2020,July.TheroleofEuropeanfundsindevelopingandsustainingrural entrepreneurshipin Romania.InProceedingsof the InternationalConferenceon Business Excellence(Vol. 14, No. 1, pp. 134-148). Schunk,D.H.andDiBenedetto,M.K.,2020.Motivationandsocialcognitivetheory. Contemporary Educational Psychology,60, p.101832. Selim, M., 2021, December. Opening Qard Hasan accounts as sources and uses of funds and its effects on the market share of Islamic banks. In2021 International Conference on Sustainable Islamic Business and Finance(pp. 75-78). IEEE. Yin, J., Wu, J. and Wang, Z., 2021. Analysis of Funds Flow and Mechanism of Securities Assets Management. InWhither has the Money Gone(pp. 95-110). Springer, Singapore. 5