Management is doing things right; leadership is doing the right things. Leaders shouldn’t attach moral significance to their ideas: Do that, and you can’t compromise. The leaders who work most effectively, it seems to me, never say “I.” And that’s not because they have trained themselves not to say “I.” They don’t think [...]
Continue reading about LEADERSHIP/MANAGEMENT QUOTES-PETER F. DRUCKER
Earlier article discuss the need for managers to understand risk management. The following are the risks, the manager of a firm normally might encountered: 1.0 Market Risk which relates to business environment, industry, political situation, 2.0 Liquidity Risk which relates to cash-flow, funding, capital, 3.0 Credit Risk which relates to customers’ reputation, settlement, accounts, payment, 4.0 [...]
Continue reading about Risk management: Different Types Of Risks
Risk management is defined as the process of analyzing exposure to risk and determining how to best handle such exposure It is imperative that managers need to understand the importance of managing the risk in an organization. By doing so, numerous benefits are reaped like for example: Once we have established a sound risk management [...]
Continue reading about What We Can Get From Managing The Risk Of An Organization
The Importance Of Motivation Herberg’s Theory Of Motivation Maslows-Motivation Theory Of Hierarchy Of Needs Mcgregor-Theory X and Theory Y McClelland Needs Theory Of Motivation Monistic Or Economic Theory of Motivation
Continue reading about Snapshots Of Articles Under Motivation
McGregor developed two theories of human behaviour at work: Theory and X and Theory Y. Both Theory X and Y are extreme behavior . Two extreme theories Of Workers’ Work Behavior: Theory X Theory Y 1.0 Individuals who dislike work and avoid it where possible Consider effort at work as just like rest or play [...]
Monistic theory of motivation is based upon the notion that man is essentially economic. This theory solely hinges on monetary aspect of remuneration or reward to human behavior. Individuals are assumed to be highly responsive to money reward. People feel motivated when rewarded with more money. People repeat their behavior if it leads to reward. [...]
David Mc Clelland Of Harvard University and his co-workers have done researches pertaining to the motivational needs of people in multi-culture and many section of the society. Mc Clelland’s Needs Theory Of Motivation Based on his researches, he advocated the need to group human motivation or needs into the following three categories: The needs for [...]
Continue reading about Mc Clelland’s Needs Theory Of Motivation
According to Maslow, the above pyramid illustrates the needs of the workers. In brief, they are simply divided into the following factors: The PHYSICAL factor: A person starts at the bottom of the hierarchy (pyramid) and will initially seek to satisfy basic needs (e.g. food, shelter) Once these physiological needs have been satisfied, they are [...]
Another great motivation leader is Herzberg. From his research, he advocated a two-step approach to understanding employee motivation and satisfaction.[ His research involved the analysis of job attitudes of 200 accountants and engineers how they felt on the positive or negative sides at work and the reasons for so. His two step approaches asked management [...]
In a firm, top management would shower attractive performance schemes or incentives like commission, pensions, shares and share options, job rotation, job enrichment, job enlargement, piece rate, performance related ,etc to motivate the staff/workers. Motivating the staff is a very critical factor for the success of an organization due to the following reasons: It results [...]
Continue reading about Employee Motivation Towards The Success Of An Organization
Recent Comments