Employee Motivation For An Organization - 1646 Words

1. Introduction: Employees are one of the most important assets in the organisation (Hume, 1995; Shields, 2007), it is believed that a lot of organisations and employers wish to maximise employees’ effort on its work and therefore enhance organisational performance. According to Armstrong (2012:50), high-performance is accomplished by well-motivated people who are prepared to exercise discretionary effort. Therefore, it is critical for the organisation to find a pathway to motivate its employees. Some scholars state that employee motivation can be encouraged by offering appropriate rewards and establish systematic reward systems (Amstrong, 2012; Pratheepkanth, 2011 and Manzoor, 2011). In contemporary business environments, whether multi-national corporations (MNC), large organisation or small-medium enterprises (SME) want to gain employee’s motivation and thus achieve company objectives, it usually relates to financial or productivity. Compared to large organisation or MNC, SMEs have relatively fewer resources to develop systematic reward management, welfare schemes and fewer training and promotion opportunities. In other words, SMEs may not have the resources to develop effective and efficient reward approaches. The purpose of this research is to examine the relationship between financial and non-financial rewards and motivation among employee of SMEs in Hong Kong, in order to understand how and SME can increase employee productivity. 1.1 Research question:Show MoreRelatedEmployee Motivation : An Organization1059 Words   |  5 Pages Employee motivation is one of the most critical functions in an organization. It gathers people together to get work done efficiently. Employee motivation influences every part of the business from the sales floor into corporate level offices. It is very important in an organization to have employees working as a team and towards the same goal. However, getting employees motivated towards their job is one of the most difficult tasks for managers. Every employee is first and foremost an individualRead MoreDoes Employee Motivation Drive An Organization?1611 Words   |  7 PagesDoes employee motivation drive an organization to success or to failure? The answer is both, or perhaps more correctly, either, as high levels of employee motivation tend to correlate with success while low levels of motivation tend to correlate with failure. To fully understand this correlation, one needs to understand how motivation affects a public/nonprofit organization. Motivation is a factor that can push a person to achieve great potential. Employees, whether individually or collectivelyRead MoreHow Employee Motivation Is Important For Organizations1616 Words   |  7 PagesEmployee motivation is important for organizations to produce the desired results needed and function effectively. In this essay we review rewards and recognition, trust, and employee development, as motivational issues that are challenging Cummins Western Canada today. These challenges are affecting the environment, the performance, and the culture of the organization. Looking at some motivation theories, we will analyze the issues identified and provide some ideas for improvement to this challengeRead MoreMotivating Employee Motivation For The Success Of An Organization1003 Words   |  5 PagesAn important factor that contributes to the success of an organization is employee motivation. Organizational si ze complexity, competition due to globalization, advancement in information technology has led managers to try to figure out ways to motivate employees to get the most out of them to stay competitive. Motivating employees is a challenging task as organization must deal with the diverse work force. Employees change their jobs frequently when employers don’t meet certain expectationsRead MoreDoes Employee Motivation Drive An Organization For Success Or Failure?1570 Words   |  7 PagesDoes employee motivation drive an organization to success or failure? The answer is both, or perhaps more correctly, either, as high levels of employee motivation tend to correlate with success while low levels of motivation tend to correlate with failure. To fully understand this correlation, one needs to understand how motivation plays into a public/nonprofit organization. Motivation is a factor that can push a person to achieve great potential. Employees, whether individually or collectiv elyRead MoreEmployee Motivation in the Organization: a Case Study of Nigerian Ports Authority13675 Words   |  55 Pagestheir needs on one hand and to accomplish the organisation’s objectives on the other hand. Motivation is therefore seen worldwide as an inevitable panacea for increase productivity not only in the industrial or social setting but also in the institutions of higher learning. Psychologist, sociologist, anthropologist and management experts have propounded relevant theories buttressing the significance of motivation. Abraham Maslow (1954)1 in his hierarchy of needs theory opinion, â€Å"that an individual haveRead MoreEmployee Motivation Is Critical to the Success of an Organization. Discuss How Managers Motivate Their Employees by Using the Herzbergs Motivation-Hygiene Theory. Illustrate Your Answer with Academic Literature Review and Examples.3041 Words   |  13 Pagescomplied their own conclusions and consequently a wide variety of motivational theory has been produced. Herzberg’s Motivation-Hygiene Theory is one of the content theories of motivation. This theory is used for better understands about the employees’ working relationship, attitudes, and performance motivators. The two factors of Motivation-Hygiene Theory Herzberg’s Motivation-Hygiene Theory attempts to explain the factors that motivate employees by identifying and satisfying their individualRead MoreTHE RELATIONSHIP BETWEEN EMPLOYEE MOTIVATION AND PERFORMANCE1110 Words   |  5 PagesMotivation can be a key-contributing factor in employee performance. It is of great importance to an organization to recognize ways in which it can use employee motivation to positively affect employee performance. The methods used by organizations to motivate its employees are essential in determining how they affect employee performance. There are both positive and negative motivational tools that may be explored. The purpose of this paper is to examine the relationship between motivation andRead MoreMotivation To Improve Performance Through Employee Involvement.1571 Words   |  7 Pages Motivation to Improve Performance through Employee Involvement Charlese Mason Leadership and Organizational Behavior; 520 Dr. Laura Jones Strayer University February 13, 2017 Content 1 Introduction (Motivation through Involvement) 2 The Important Road Ahead (Optimizing Value and Performance) A. What is Motivation B. What is Employee Involvement 3 Leading Characteristics (Management Styles/Organizational Behavior) A. Understanding the Sticks and Carrots Read MoreCorrelation Between Employee Motivation And Job Performance Essay1098 Words   |  5 PagesHuman resource is vital for any organization. So it is important to manage organizational happiness, so that employees will do their best for the organization. An employee performance appraisal can act as motivation for an employee to improve his productivity. When an employee sees his goals clearly defined and is measured against the set goals and objectives, a need can be identified about the future strategies of employee motivation. In this review, I will look at and explore the multiple arguments

Adam Smith Influence on Economic Theory Essay - 1655 Words

Why is the work of Adam Smith considered so crucial in the development of economic thought? Adam Smith is widely regarded as the father of economics as a social science, and is perhaps best known for his work The Wealth of Nations. Throughout this work Smith states and informs towards his belief that society is not at its most productive when ruled over by rules and limitations with regards to trade, and that in order for markets to maximise prosperity, a free trade environment should be made accessible. In this essay I intend to asses the way in which many of Smiths theories taken directly form his works can be applied to past and current situations, first from an economic then social, and then a political point of view. I will also†¦show more content†¦The ‘invisible hand’ would have such an effect if every individual acts in order to maximise their own prosperity, the prosperity of the community will, in turn, be maximised and become more efficient. â€Å"This effect is very well exemplified in modern day terms by using a supermarket queuing system as an example. Each customer getting in line selfishly chooses to maximize his own interest, that is to check out in the shortest time, regardless of the other customers. Their utility maximizing choice is to get in queue in the shortest line; this means that eventually customers queue up in lines all of the same length. Therefore even without the slightest direction and by following only their selfishness, the lines are all of the same length, which is clearly the most efficient disposition.† This theory has been crucial in the development of economic thought in that it is a statement which reflected society in Smiths day, and is still so widely applicable in modern day society. From a political point of view, Smith wrote that Government intervention should be kept to a minimum within society. From a mercantilist point of view this was a terrible suggestion, however Smith argued that government intervention in markets will cause a limitation in productivity, and therefore not maximise efficiency. However if left alone as discussed in the previous paragraph, each party will seek to maximise its own prosperity within the given constraints, in turn maximising theShow MoreRelatedThe Biography Of Adam Smith1505 Words   |  7 PagesThe Biography of Adam Smith Adam Smith was born in Kirkcaldy, Scotland in the year 1923, and died in the year 1790 at the age of 67 (Stewart, 1861). His exact date of birth is unknown but was baptized on 5th June 1723. His father was a prosecutor, advocate, and solicitor but passed on two months after his birth, leaving his mother to bring him up. His mother, Margaret Douglas, played a great role in his upbringing, especially in education. He joined the Burgh school where he learned history, writingRead MoreEssay about Karl Marx and Adam Smith: Division of Labour1117 Words   |  5 PagesKarl Marx and Adam Smith: Division of Labour A nation is just a vast establishment, where the labour of each, however diverse in character, adds to the wealth of all. Two brilliant people of their time are both respected in their views for creating a near perfect society where everyone is happy. Adam Smith, a respected Scottish political economist philosopher born in 1723, had the goal of perfect liberty for all individuals through the capitalistic approach. While Karl Marx, born in 1818Read MoreThe Implications to the Pursuit of Prosperity1770 Words   |  7 Pagesgiving rise to industrial innovations and opening vast economic potential. However, by the same token, no one could quantify what factors fulfilled economic potential and public policy positioned itself aimlessly as governments were simply naà ¯ve with regards to economic science. Markedly, it wasn’t until Adam Smith, a Scotsman, published An Inquiry into the Nature and Causes of the Wealth of Nations which was released in 1776 that economics could be structured according to the new social environmentRead More The Wealth of Nations Essay1349 Words   |  6 Pages In 1759 Adam Smith, then a thirty-six year old Professor of Moral Philosophy at Glasgow University, published his Theory of Moral Sentiments. This work attracted the attention of the guardians of the immensely wealthy Duke of Buccleuch towards retaining its author as a tutor to the youthful Duke whilst on a protracted, and hopefully educational, quot;Grand Tourquot; of continental Europe. nbsp;nbsp;nbsp;nbsp;nbsp;While tutoring from 1763 Adam Smith found some of the time spent in the FrenchRead MoreInternational Trade Theories, Trade, Cultural Diffusion, And Economic Trade Theory1374 Words   |  6 Pagesanalyze, and identify differences between the basic and base concept of international trade theories. The author will examine and critically assess the concept of international trade. This paper agrees with the economist that international trade is the interdependence of nations in terms of trade, cultural diffusion, and economic interdependency. International business trade theories are basically different theories with their concept of trade how they explain international trade. The concept of majorityRead MoreThe Analysis Of Savings Attitude Will Be Discussed From Two Approaches Macroeconomic And Microeconomic Essay928 Words   |  4 PagesThis section discusses some theories and models that highlights on savings. The analysis of savings attitude will be discussed from two approaches: macroeconomic and microeconomic (household) perspectives. The macroeconomic methodology concerns itself with the influence of economic indicators such as GDP growth rate, rate of inflation, money supply, interest rate, etc., on the saving rate in an economy. At the micro level, individual saving and consumption attitudes, particularly households, haveRead MoreClassical Vs Keynesian Economics1235 Words   |  5 Pagesand Keynesian economics are both accepted schools of thought in economics, but each had a different approach to defining economics. The Classical economic theory was developed by Adam Smith while Keynesian theory was developed by John Maynard Keynes. Similarities: One of the most surprising similarities between the two theories is that John Keynes developed his theory based on the Adam Smith’s theory. Keynes did not entirely disagree with Adam Smith but rather, expanded the theory based on the GreatRead MoreEconomics : Classical Economics And Keynesian Economics1665 Words   |  7 Pagesinteresting as the subject of economics is, it’s a subject that isn’t easily understood. In order to grasp the subject you have to really understand the concepts. And it’s not like riding a bike, once you know how to do it you will always have it engraved in your head. I will attempt to highlight the key factors of the two theories of economics: classical economics and Keynesian economics. Since Classical Economics is considered to be the first school of economics. I will start to explain this conceptRead MoreDarwin s Theory Of Evolution1339 Words   |  6 PagesCountless scientists spent their lives working on a succinct theory of evolution, but none found as great of popularity and success as Charles Darwin. Using his concept of Natural Selection, Darwin managed to explain evolution in not just the organic world, but also in humans. The fact that Darwin’s theory transfers so easily to human society is no coincidence. After Darwin’s Beagle voyage, he returned to England during the Industrial Revolution. As a man of wealth, Darwin acted as a first-hand witnessRead MoreConcept Of Market Failure And Its Aspects On Allocation, Production, And Distribution1580 Words   |  7 Pagesprosecuted. Also this essay will acknowledge the different aspects of one of the major topics in economics the scarce of resources and it’s aspects: allocation, production, and distribution. Furthermore in this writing academic literature and articles would be used in order to defend the outcome of the discussion about government intervention in the market. Economics are a complex matter which alters in time. Economics can be also defined as â€Å"the science which studies human behavoir as a relation between

Distribution of Depression Amongst Young Australians Essay

Introduction Depression is a mental disorder in which a patient might feel intense, prolonged, negative emotions (Beyond Blue, 2014). This can have severe impact on a persons mental and physical health, thus affecting a persons quality of life. Severe cases can even lead to suicide. It is estimated that one in six Australians will experience depression in their lifetime (Beyond Blue, 2014). The burden of disease gives an indication of of the loss of health and well being of Australians due to each disease (ABS, 2010). Depression and anxiety is the leading cause of burden among females, accounting for 10% of burden while it is the third leading cause for men, accounting for 4.8% (AIHW, 2003) (This was the most recent information found).†¦show more content†¦Amongst young females, young Asian Australian and Indigenous Australian women are especially vulnerable to depression with a prevalence rate of 53.8% (Rich et al., 2013) . The burden of disease and injury is higher amongst Indigenous Australian youths as compared to other Australians. For young Indigenous people, this burden is largely attributable to high rates of mental disorders like anxiety and depression (AIHW, 2011). Indigenous Australians aged 18 to 24 were twice as likely to report high levels of psychological distress than non-indigenous Australians of the same age (AIHW, 2011). A study on depression in rural adolescents, aged 13 to 18, showed that 18% were screened positive for depression, with a higher rate of depression in females (23%) than males (11%) (Black, Roberts, Li-Leng, 2012). This is higher than the prevalence of depression for young Australians aged 16 to 24 in general and in spite of the inconsistency in the age ranges, it is likely that young Australians living in rural areas are more vulnerable to depression than those who are not. Low socioeconomic status is often associated with higher prevalence of depression. Depressive disorders which develop in socioeconomically tight situations have lower rates of remission and higher risks of becoming chronic, hence increasing prevalence (Bramesfeld, Platt Schwartz, 2006). Mental health problems like depression and anxiety have a higher prevalence inShow MoreRelatedThe Social Determinants Of Health1623 Words   |  7 Pagesfinancial resources, distribution of power and resources at global, national and local levels.   Ã‚  Economic and social situations and their availability among the population   that affect individual and group differences in health status are the social determinants of health. It was discovered that individual factors like behavioural risk factors or genetics do not play a major role in risk of developing disease or vulnerability to disease or injury, rather, factors like distribution of income, influenceRead MoreFilm Review : The Snow Town Killings 1623 Words   |  7 Pagesdistinct examples in modern day film. 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Provided that both my parents are of Greek descent and our main form of communicationRead MoreYoungcare: Looking after Individuals with High Care Needs4170 Words   |  17 Pagesfor profit charitable organisation founded by David Conry on the 21st of April 2005, due to his wife Shevaune’s placement into an aged care facility at the age of 33. The organisation’s mission is ‘To provide choice in care and housing for young Australians with high care needs’. Youngcare’s core activities involve around revenue generation to fund its Youngcare homes, and at home grants for families looking after individuals with high care needs. Since its establishment Youngcare has consistentlyRead MoreEssay on Child Development2912 Words   |  12 Pagesearly childhood. These include malnutrition, poor health and reduced levels of home stimulation. 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Conclusion 29 18. Bibliography 30 19. Appendix A. Interest rate table B. Petrol and crude oil prices C. Malow’s hierarchy of needs D. Porter’s 5 forces model E. Competitive situation analysis F. SWOT analysis G. GE (General Electric) Grid H. PSSP I. Perception map J. Advertisement focuses on young mother K. AdvertisementRead MoreImpact of the Internet on Children; Parents Perspective3376 Words   |  14 Pageschild uses the Internet and how a child uses the Internet significantly impact the Internets influence on him or her. A childs personality and developmental needs also inevitably modify the Internets influence on him or her. This survey was done amongst parents with children of the 7-13years age group who have access to the internet to explore the following; (A). Reasons why children use the Internet. (B). Parents knowledge about their children’s Internet usage. (C). 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Operational Plan for a Small Coffee Shop

Question : Discuss about the Operational Plan for a Small Coffee Shop ? Answer : Introduction An operational plan integrates the key components of the overall strategic plan in the achievement of organizational goals. The operational plan helps project managers to access capacity needs, resources utilization, risks and measuring the sustainability of the company in the industry as well as project's achievement (Mir Pinnington, 2014). The coffee industry is very competitive; this requires shop owners operating in the industry to develop an effective and efficient operational plan to maintain sustainability in the market. The coffee industry sells coffee drinks, beverages, and other food for consumption on the shop premises. The aim of this assignment is developing and implementing an operational plan for running a small coffee shop in the coffee industry. Development of an Operational Plan for a Coffee Shop The aim of designing an operational plan for this small coffee shop enhancing efficient use of resources, apparently determining resources required, minimizing all risks, and maintaining the sustainability of the business targets. Resource requirements The cafeteria will recruit new consultants and staff immediately in order the gap in the market gets filled. The hired personnel will be trained to gain new skills of offering coffee service to customers in the best quality. Further, since this is a small shop, it means the premise is financially unstable (Basu, 2014). The operational plan suggests that the store should seek financing and funding from banks in the form of loans. The alternative to ensuring a strong capital base for the coffee shop is obtaining the coffee products on credit from the suppliers. Key performance indicators Based on the market response; coffee beverages, pastries, and coffee products are currently selling well in the market. In the next business year, coffee drinks will be the shop's primary product and will be sold in four different sizes. As the customers are demanding french presses and grinders, the store will sell these coffee products in the market especially to the clients who wish to match the quality at their homes (Burke, 2013). Also, the wage cost for the current employees is too low. The shop will offer a salary increment as a percentage of sales and even pay the shopkeepers in commission. Monitoring Processes The coffee shop is exposed to various business risks which include; competitive, economic, political, technical, and managerial. This operational plan seeks to mitigate these risks through effective monitoring of business operations to optimize processes. The shop will use the latest technologies to offer services to the customers (Basu, 2014). The management will employ advanced customer services intelligence systems to remain competitive. Also, the business will adhere and comply with government regulations for the coffee industry. Contingency plans The shop's business policy is meeting the set targets in the strategic plan. The management has set plan B options and alternative courses of action to address the future demands of the market. First, the management will employ sales workers who would deliver coffee products to people's homes (Kapsali, 2011). Contingently, the management will provide free coffee products delivery to customers home if they purchase beyond a set limit. Also, the shop will use intermediaries as agents to market and sell the businesses products on their behalf. Communication to Stakeholders The main stakeholders of this small coffee shop are; the government, customers, suppliers, and employees. The government The business seeks to diversify its beverage operations in the market. The government needs to issue a license for the shop so that the firm can sell more products. The new products that need to get licensed are french presses and grinders (Burke, 2013). Once licensed, this will be sufficient approval that the shop has the right to sell both the existing coffee products and the grinders with french presses. Customers The customers are another important stakeholder for the coffee shop. The contingent operational plans designed by the business are offering free delivery services and home based services to the clients (Kapsali, 2011. The management will have to negotiate an extra cost with the customers to meet the service. Operating as an itinerant trader will engage many casual salespeople as much as possible. Suppliers The coffee shop relies on suppliers of coffee products which deliver them to the store' s premises as at and when required. The management will negotiate credit terms agreement with the suppliers to ensure that the vendor provides products to the shop on credit (Meg Gawler, 2005). The credit repayment arrangements will be approved by the store owner and the manufacturer. Only the store managers will get engaged in following up the delivery mechanisms to the premises. Employees The most critical asset of the coffee shop is human resources which comprise of the managers, permanent staff, and casual salespeople. As stated in the operational plan part of resource requirements, the workers of the shop are poorly paid. The management will in effect motivate these employees by increasing their wage rates (Burke, 2013). However, the salary increment decision will have to be submitted to the shop owners for approval. Operational Plan Implementation Strategies After the development of the business plans within the coffee shop's policies, missions, practices, and procedures, the below are strategies to get implemented by the project manager to achieve the operational plan. Recruiting, inducting and developing personnel The management of the coffee shop has the following human resource strategies of realizing the operational plan developed: Hire more competent and skillful salespeople who will act as itinerant traders under the shops jurisdiction. Carry out an induction program to the newly recruited staff to enable them to understand organizational policies, programs, and workmates. Organize a training and development program and conferences for the new employees to equip them with extra skills of attracting customers. Acquiring physical resources and services Physical resources is also another resource requirement needed by the shop to address a larger market (Meg Gawler, 2005). The below are the strategies and policies proposed by the management in acquiring physical resources and services: Purchasing two salon cars which would be used by the salesmen in delivering coffee products to customers homes as well as providing subsidized transport services. Invest more resources in technology and technical support to buy office systems and support functions for the shop. Obtain a bank loan to extend the hotel structure, buy television equipment, and attractive chairs to attract as many customers as possible. Protecting intellectual property Since the operational plan states that the business will obtain licensing from the government to offer all coffee services, this is accompanied with getting IP rights (Kerzner, 2013). The following strategies will be used: The hotel will get all license certificates from government authorities such that any other shop is offering the same service without getting registered, they can sue the firm. The management will conduct out due diligence on the shop's business partners, intermediaries, and suppliers to ensure they have patent rights for doing business. The shop will enforce a concrete contractual agreement with the government for IP rights protection. Making variations on the plan Although the operational plan designed is projected to be viable, the actual results may differ with the standard results (Meg Gawler, 2005). The management of the shop has developed the following strategies to get applied if the standard results vary with the actual goals; If the salespeople are not making enough sales, the store will terminate their service to reduce down the expenses incurred when paying them. In case the workers realize more sales and the company makes more profits, then the employee's pay will be revised upwards. Salespeople will be paid based on a fixed salary and an additional commission. Avoid giving after sales services of offering free and subsidized transportation services and instead, charge the customers for the service. This reduces the cost of doing business. Monitoring and Documentation Performance The management of the coffee shop have developed the following strategies to monitor and document the enterprises' performance in the business environment: Align and integrate individual salesperson day to day performance with the strategic objectives of the shop. Establish a focus mood board for employee skills development and learning activity choices. Document personal performance to aid in employee compensation and training and development decisions. Conclusion Operational planning plays a significant role in the monitoring and implementation of set strategies by the management. Human, financial, physical, and technological resources are the key components to completing operational plan efficiently. The management must always estimate the project's sustainability, lifespan, and formulate an exit strategy to enhance business planning success. References Basu, R. (2014). Managing quality in projects: An empirical study.International journal of project management,32(1), 178-187. Burke, R. (2013). Project management: planning and control techniques.New Jersey, USA. Kapsali, M. (2011). Systems thinking in innovation project management: A match that works.International Journal of Project Management,29(4), 396-407. Kerzner, H. (2013).Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons. Meg Gawler. (2005). Factors Ensuring Sustainability, Project Design in the context of Project Cycle Management Sourcebook Mir, F. A., Pinnington, A. H. (2014). Exploring the value of project management: linking project management performance and project success.International Journal of Project Management,32(2), 202-217.