ECONOMICS,COMMERCE AND MANAGEMENT PROVIDE VIDEOS AND SIMPLE NOTES FOR STUDENTS OF COMMERCE,ECONOMICS AND MANAGEMENT
Showing posts with label BUSINESS MANAGEMENT. Show all posts
Showing posts with label BUSINESS MANAGEMENT. Show all posts
Wednesday, January 12, 2022
Monday, December 16, 2019
Thursday, June 13, 2019
VROOM’S VALENCE –EXPECTANCY THEORY THEORIES OF MOTIVATION
- VROOM’S VALENCE –EXPECTANCY THEORY
THEORIES OF MOTIVATION
ORGANIZATION BEHAVIOR - CIVIL SERVICES MAIN EXAM FOR ACCOUNTANCY AND COMMERCE
- VROOM’S EXPECTANCY THEORY
Tuesday, June 11, 2019
HERZBERG’S MOTIVATION-HYGIENE MODEL THEORIES OF MOTIVATION
HERZBERG’S MOTIVATION-HYGIENE MODEL
ORGANIZATION BEHAVIOR
ORGANIZATION BEHAVIOR
CIVIL SERVICES MAIN EXAMINATION
BBA/BCOM/MBA/MCOM
Sunday, June 9, 2019
Saturday, May 18, 2019
MASLOW’S NEED HIERARCHY
- MASLOW’S NEED HIERARCHY
- MASLOW’S NEED
HIERARCHY
- MASLOW.A FAMOUS SOCIAL SCIENTIST HAS GIVEN A FRAMEWORK THAT HELPS TO EXPLAIN THE STRENGTH OF CERTAIN NEEDS. ACCORDING TO HIM THE BEHAVIOR OF AN INDIVIDUAL AT PARTICULAR MOMENT IS USUALLY DETERMINED BY HIS STRONGEST NEED. HE DEFINED A PERSON’S EFFECTIVENESS AS A FUNCTION OF MATCHING MAN’S OPPORTUNITY WITH THE APPROPRIATE POSITION OF HIERARCHY F NEEDS
Thursday, December 20, 2018
MANAGEMENT BY OBJECTIVE
Ø MANAGEMENT BY OBJECTIVE
PRINCIPLE OF MANAGEMENT/BUSINESS
ORGANIZATION AND MGMT
MANAGEMENT BY OBJECTIVE
PRINCIPLE OF MANAGEMENT/BUSINESS
ORGANIZATION AND MGMTMANAGEMENT BY OBJECTIVE
◦
ALSO KNOWN AS MGMT BY RESULT WAS FIRST
POPULARIZED BY PETER DRUCKER IN 1954 IN BOOK” THE PRACTICE OF MANAGEMENT”
◦
IS A MANAGEMENT MODEL THAT AIMS TO IMPROVE THE
PERFORMANCE OF AN ORGANIZATION BY CLEARLY DEFINING THE OBJECTIVES THAT ARE
AGREED TO BY BOTH MANAGEMENT AND EMPLOYEES
◦
GEORGE S ORDIIORUE,” THE SYSTEM OF MANAGEMENT
OBJECTIVE CAN BE DESCRIBED AS A PROCESS WHEREBY THE SUPERIOR AND SUBORDINATE
MANAGERS OF AN ORGANIZATION JOINTLY IDENTIFY ITS COMMON GOALS,DEFINE EACH
INDIVIDUAL’S MAJOR AREAS OF RESPONSIBILITY IN TERMS OF RESULTS EXPECTED OF HIM
AND USE THESE MEASURES AS GUIDES FOR OPERATING THE UNIT AND ASSESSING THE
CONTRIBUTION OF EACH OF ITS MEMBERS.
Wednesday, December 12, 2018
ANSWER TO SHORT QUESTION PART 2 FOR MGMT AND ORGANIZATION BEHAVIOR
SHORT
QUESTIONS MGMT AND ORGANIZATION BEHAVIOR PART 2
MASLOW’S NEED HEIARCHY
A.H MASLOW
DEVELOPED A CONCEPTUAL FRAMEWORK FOR UNDERSTANDING HUMAN MOTIVATION. HE DEFINED
A PERSON’S EFFECTIVENESS AS A FUNCTION OF MATCHING MAN’S OPPORTUNITY WITH THE
APPROPRIATE POSITION OF HIERARCHY OF NEEDS. HE PROPOSED THAT HUMAN NEEDS CAN BE
ARRANGED IN A PARTICULAR ORDER FROM LOWER TO HIGHER. MAN IS WANTING ANIMAL. HE
IS NEVER FULLY SATISFIED. HE FULFILL ONE NEED ,OTHER NEED ARISE.THE NEED
HIERARCHY IS AS :-
1. BASIC
PHYSIOLOGICAL NEEDS:-FOOD,CLOTHING ,SHELTER ETC. BASIC NEEDS
2. SAFETY AND
SECURITY NEEDS:-JOB SECURITY,SECURITY OF HIS NEAR AND DEAR ONE,SECURITY OF
PROPERTY ETC
3. SOCIAL
NEEDS:-LIKE SOCIAL RELATIONSHIP,SOCIAL INTERACTIONS ETC
4. EGO ( ESTEEM
AND STATUS): RECOGNITION IN SOCIETY
5. SELF FULFILLMENT NEEDS:-REALIZING ONE’S POTENTIALITIES FOR CONTINUED SELF
DEVELOPMENT
COMPARISON OF
HERZBERG AND MASLOW MODEL
MASLOW
A. SEQUENTIAL ARRANGEMENT OF NEEDS
B. DESCRIPTIVE
C. UNSATISFIED
NEED ENERGIZE BEHAVIOR AND CAUSE PERFORMANCE
D. ANY NEED CAN
BE MOTIVATIONAL IF IT IS RELATIVELY UNSATISFIED
E. TAKES A
GENERAL VIEW OF THE MOTIVATIONAL PROBLEM OF ALL WORKERS
F. BASED ON INTUITION
ONLY
HERZBERG
- NO HIERARCHICAL ARRANGEMENT OF NEEDS
- PRESCRIPTIVE
- SATISFIED NEED
CAUSE PERFORMANCE
- TAKE A MICRO
VIEW AND DEALS WITH WORK ORIENTED MOTIVATIONAL PROBLEMS OF HIGHER LEVEL
PROFESSIONAL EMPLOYEES
- MOTIVATION HYGIENE THEORY IS BASED ON THE STUDY OF EMPIRICAL DATA COLLECTED FROM PROFESSIONAL,ACCOUNTANT AND ENGINEER
Sunday, December 9, 2018
ROLE OF NON FINANCIAL INCENTIVES
•
NON FINANCIAL
INCENTIVES
MANAGEMENT PRACTICES AND ORGANIZATION BEHAVIOR/PRINCIPLES OF MANAGEMENT/BUSINESS MANAGEMENT
MANAGEMENT PRACTICES AND ORGANIZATION BEHAVIOR/PRINCIPLES OF MANAGEMENT/BUSINESS MANAGEMENT
•
QUESTION:-
NON FINANCIAL INCENTIVES ARE AS STRONG MOTIVATORS AS FINANCIAL ONES. CRITICALLY
EXAMINE THIS STATEMENT AND DISCUSS VARIOUS NON FINANCIAL INCENTIVES AND THEIR
ROLE IN MOTIVATION.?
•
SOLUTION
•
MOTIVATION HAS BEEN DERIVED FROM THE
WORD”MOTIVES “ WHICH MEANS ANY IDEA,NEED OR EMOTION THAT PROMPTS A MAN INTO
ACTION. RENSIS LIKERT HAS CALLED THE MOTIVATION AS THE CORE OF MANAGEMENT.BY
MOTIVATING THE WORKFORCE,MANAGER CREATES WILL TO WORK WHICH IS NECESSARY FOR
THE ACHIEVEMENT OF ORGANIZATION GOALS.
• DALTON E
MCFARLAND,” MOTIVATION REFERS TO THE WAY IN WHICH
URGES,DRIVES,DESIRES,ASPIRATIONS,STRIVING OR NEEDS DIRECT,CONTROL OR EXPLAIN
THE BEHAVIOR OF HUMAN BEINGS.
•
INCENTIVES
AND MOTIVATION
I.
MOTIVATION MAY BE POSITIVE OR NEGATIVE.
POSITIVE MOTIVATION: MOTIVATING THROUGH REWARD. NEGATIVE MOTIVATION ON THE
BASIS OF FEAR/PUNISHMENT
II.
EXTRINSIC AND INTRINSIC MOTIVATION:-EXTRINSIC
MOTIVATORS INCLUDE WAGES,FRINGE BENEFITS,MEDICAL REIMBURSEMENT ETC AND THESE ARE
GENERALLY FINANCIALLY INCENTIVES.BUT INTRINSIC MOTIVATORS OCCUR ON THE JOB AND
IT PROVIDE SATISFACTION . IT INCLUDE RECOGNITION,STATUS,AUTHORITY AND PARTICIPATION ETC
III.
IT MAY BE FINANCIAL AND NON FINANCIAL: FINANCIAL
WHICH IS ASSOCIATED WITH MONEY AND NON FINANCIAL ASSOCIATED WITH INTANGIBLE
INCENTIVES LIKE EGO SATISFACTION,SELF ACTUALIZATION AND RESPONSIBILITIES.
• FINANCIAL AND
NON FINANCIAL INCENTIVES
•
INCENTIVES MEANS AN INDUCEMENT WHICH STIMULATES
ONE TO ACTION IN A DESIRED DIRECTION. IT IS OF TWO TYPES:-
I.
FINANCIAL INCENTIVES:-ARE MONETARY IN NATURE .
IT IS BASICALLY FLOW OF MONEY FROM ORGANIZATION TO STAFF.
II.
NON FINANCIAL INCENTIVES:-THEY DO NOT ADD TO
THE MONEY INCOME OF THOSE WHO RECEIVE THEM. IT IS IN THE FORM OF JOB
ENRICHMENT,PARTICIPATIVE MGMT,PRAISE,OPPORTUNITY FOR GROWTH.
• DIFFERNECE
BETWEEN FINANCIAL AND NON FINANCIAL INCENTIVES
•
FINANCIAL INCENTIVES
a) THEY ARE
MEANT TO SATISFY THOSE NEED WHICH MONEY CAN BUY
b) THEY ARE
TANGIBLE AND HAVE DIRECT EFFECT ON THE ORGANIZATION AND MEMBERS
c)
DETERMINED WITH REFERENCE TO JOB
EVALUATION,COST OF LIVING AND COMPETITOR'S PAY STRUCTURE
d) USED TO
MOTIVATE WORKERS AND OTHER NON MANAGERIAL EMPLOYEES
•
NON FINANCIAL
INCENTIVES
a) MEANT FOR
SATISFACTION OF HIGH ORDER NEEDS LIKE STATUS,RECOGNITION ETC
b) THEY ARE
INTANGIBLE AND HAVE INDIRECT INFLUENCE
c)
ARE BASED ON THE NATURE OF JOBS,ASPIRATION AND
PHILOSOPHY OF MGMT
d) USED TO
MOTIVATE MANAGERIAL AND HIGHER LEVEL OF PERSONNEL.
•
ROLE OF
FINANCIAL INCENTIVES
I.
MONEY PLAYS A VERY IMPORTANT ROLE IN
MOTIVATION. IT IS REALLY MOTIVATING FACTORS WHEN THE PHYSIOLOGICAL AND
SECURITY NEEDS OF THE WORKERS HAVE NOT
BEEN FULLY SATISFIED. MGMT CAN USE FINANCIAL INCENTIVES FOR MOTIVATION.
II.
MONEY PROVIDES FOR THE SATISFACTION OF
PHYSIOLOGICAL AND SAFETY NEEDS WHICH HAVE BEEN CALLED HYGIENIC FACTORS BY
HERZBERG. HYGIENIC FACTORS INCLUDE WAGES,SALARY AND OTHER MONETARY BENEFITS.THEY
DO NOT PROVIDE JOB SATISFACTION AND IN ORDER TO MOTIVATE SATISFACTION OF
EGO,STATUS AND SELF ACTUALIZATION NEEDS MUST BE SATISFIED.
•
ROLE OF NON FINANCIAL INCENTIVES
•
MONEY IS NOT THE ONLY MOTIVATOR BECAUSE IT DOES
NOT WORK FOR EVERYONE. WHEN THE BASIC REQUIREMENTS ARE SATISFIED WITH THE HELP
OF MONEY AND THEN MONEY IS NO LONGER WORK AS INCENTIVE AND IT BECOMES THE
MAINTENANCE FACTOR AS NARRATED BY HERZBERG. IN ORDER TO MOTIVATE THE EMPLOYEES
,MGMT CAN USE NON FINANCIAL INCENTIVES TO MOTIVATE THE STAFF.
1) APPRECIATION
OF WORK DONE:-IT WORK AS EFFECTIVE NON FINANCIAL INCENTIVES. WHEN THE MANGER
PRAISES SOME ONE WORK IT BOOST THE MORAL OF EMPLOYEE AND ALSO SATISFY THE EGO
NEEDS OF THE EMPLOYEE. BUT IT SHOULD BE USED WITH CARE BECAUSE IF MANAGER PRAISES INCOMPETENT WORKER THEN IT MAY CREATE RESENTMENT AMONG COMPETENT
WORKERS
2) COMPETITION
3) GROUP
INCENTIVES:-CREATES HIGH MORALE,TEAM SPIRIT AND INCREASE IN PRODUCTIVITY. WORKS
MORE EFFECTIVE THAN INDIVIDUAL INCENTIVES
4) KNOWLEDGE OF
THE RESULT
6) WORKER’S PARTICIPATION IN MANAGEMENT:-IT WILL SATISFY WORKER’S PSYCHOLOGICAL
SATISFACTION THAT THEIR VOICES ARE ALSO HEARD.
7) SUGGESTION
SYSTEM
8) JOB
ENRICHMENT:-IT REFERS TO VERTICAL ENLARGEMENT OF A JOB BY ADDING MORE RESPONSIBILITIES AND OPPORTUNITIES AND GROWTH. IT WILL MAKE JOB MORE INTERESTING
AND CHALLENGING.
9) ROLE OF
FINANCIAL INCENTIVES
10) MONEY PLAYS A
VERY IMPORTANT ROLE IN MOTIVATION. IT IS REALLY MOTIVATING FACTORS WHEN THE
PHYSIOLOGICAL AND SECURITY NEEDS OF THE
WORKERS HAVE NOT BEEN FULLY SATISFIED. MGMT CAN USE FINANCIAL INCENTIVES FOR
MOTIVATION.
11) MONEY PROVIDES FOR THE SATISFACTION OF PHYSIOLOGICAL AND SAFETY NEEDS WHICH HAVE
BEEN CALLED HYGIENIC FACTORS BY HERZBERG. HYGIENIC FACTORS INCLUDE WAGES,SALARY
AND OTHER MONETARY BENEFITS.THEY DO NOT PROVIDE JOB SATISFACTION AND IN ORDER
TO MOTIVATE SATISFACTION OF EGO,STATUS AND SELF ACTUALIZATION NEEDS MUST BE
SATISFIED.
Subscribe to:
Posts (Atom)