Resources | Subject Notes | Business Studies
A well-motivated workforce is crucial for business success. Motivated employees are more productive, innovative, and less likely to leave, leading to improved profitability and a stronger competitive advantage. This section explores key motivational theories that help businesses understand and foster motivation within their workforce.
Abraham Maslow's Hierarchy of Needs is a theory suggesting that human motivation is driven by a hierarchy of five needs. These needs are:
Implications for Business: Businesses should strive to meet employees' needs at each level. For example, providing fair wages and safe working conditions addresses physiological and safety needs. Creating a positive work environment and team-building activities addresses social needs. Offering opportunities for advancement and recognition addresses esteem needs. Providing challenging and meaningful work supports self-actualization.
Frederick Winslow Taylor's Scientific Management, developed in the early 20th century, focused on improving efficiency through scientific methods. It involves:
Implications for Business: Taylorism aimed to maximize productivity by breaking down tasks into smaller, more manageable steps and standardizing work processes. While effective in increasing output, it can sometimes lead to employee dissatisfaction due to repetitive tasks and a lack of autonomy.
Frederick Herzberg's Two-Factor Theory proposes that job satisfaction and dissatisfaction are influenced by different sets of factors. These factors are categorized as:
Factor | Description | Impact |
---|---|---|
Hygiene Factors | These factors prevent dissatisfaction. They include company policies, supervision, working conditions, salary, and relationships with coworkers. | If these are inadequate, they lead to dissatisfaction. However, their presence doesn't necessarily lead to motivation. |
Motivators | These factors lead to job satisfaction and motivation. They include achievement, recognition, the work itself, responsibility, advancement, and growth. | Their presence leads to satisfaction and motivation. Absence of these factors does not necessarily lead to dissatisfaction. |
Implications for Business: Businesses should focus on both hygiene factors (to avoid dissatisfaction) and motivators (to encourage motivation). Simply improving hygiene factors won't necessarily boost motivation; employees need opportunities for achievement, recognition, and growth.
A motivated workforce contributes to: