TESCO's Jack Stores: Report on Motivation Strategies and Theories
VerifiedAdded on 2023/01/16
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AI Summary
This report delves into the application of motivational strategies within Jack Stores, a new discount venture by TESCO. The core of the report revolves around two key motivational theories: Maslow's Hierarchy of Needs and Adam's Equity Theory. The report explains how Jack Stores can leverage Maslow's theory to address employees' physiological, safety, social, esteem, and self-actualization needs through appropriate compensation, benefits, social events, recognition programs, and training opportunities. Furthermore, the report highlights how Adam's Equity Theory can be implemented to ensure employees perceive fairness in their work environment, fostering motivation and commitment. The report emphasizes the importance of these strategies in enhancing employee performance, satisfaction, and ultimately, the competitiveness of Jack Stores against rivals like ALDI and LIDL. The conclusion reinforces the need for proactive motivation practices for organizational success.
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