Motivation Theory Assignment

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Added on 2020-03-16

Motivation Theory Assignment

Added on 2020-03-16

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Running head: MOTIVATION THEORYMOTIVATION THEORYName of the StudentName of the UniversityAuthor Note

1MOTIVATION THEORYTable of ContentsINTRODUCTION......................................................................................................................2FALCON INSURANCE COMPANY.......................................................................................2THEORIES OF MOTIVATION................................................................................................3EQUITY THEORY....................................................................................................................3FACTORS..................................................................................................................................3APPLICATION OF THE THEORY.........................................................................................4REINFORCEMENT THEORY.................................................................................................4EXPECTANCY THEORY........................................................................................................5CONCLUSION..........................................................................................................................5REFERENCES...........................................................................................................................7

2MOTIVATION THEORYINTRODUCTIONThe report majorly focuses on the motivation that should be applied in any workplaceto keep it better. Motivation process is essentially important for any workplace. It enhancesthe performance of the employees and it creates a positive environment in the firm. Thecompany, which is chosen for this particular project, is Falcon Insurance Company that is anArabian insurance company. A brief overview of this company has been provided in thereport and the need of motivation has been elaborated in the report. A further analysis of thetheories of motivation has been provided and the situation in which such motivation can beapplied has been discussed in the report. FALCON INSURANCE COMPANYFalcon Insurance Company is an insurance company located in Arabia. They provideinsurance facility to every individual in Oman. They offer insurance in all fields like lifeinsurance, they cover commercial risk plan, they also provide insurance in the field of officecover solutions; medical; aviation; marine hull and cargo; and motor, travel, and personallines insurance, as well as retirement plans. Under the life insurance plans, they have manyschemes. The scheme includes the medical facilities, mortgage protection, and educationinsurance. It also includes the retailing schemes and the manufacturing schemes. It providesinsurance facilities in all sectors. It now changed the name to Arabia Falcon InsuranceCompany in 2017. Compared to other countries it is new in this segment. It was establishedin the year 2005. The promotion is thought to be the biggest means of motivation in thecompany. A common situation frequently arises in the company where the employees are notequally rewarded. It serves as a negative point in the company. In this case the theory ofequity is applied (Cong & Van, 2013).

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Motivation Theory Assignment