After reading this article you will learn about the financial and non-financial incentives that are given to motivate workers. Financial or Monetary Incentives: This means to give more money and incite to more work as money is the important motivating factor. The main objective of that one who works more, is to get more. A financial incentive motivates more than [...]
After reading this essay you will learn about Herzberg’s theory of motivation with its criticism. Herzberg's Theory of Motivation is an extension of the need hierarchy model of A.H. Maslow. In 1950s Frederick Herzberg and his associates conducted extensive interviews of about two hundred engineers and accountants working in eleven different companies in Pittsburgh, Pennsylvania, USA. This led Herzberg to [...]
The important methods of grouping activities into departments may be summed up as follows: 1. By Enterprise Functions 2. Departmentalisation by Products 3. Departmentation by Customers or Markets 4. Departmentalisation by Territory 5. Departmentation by Process. Method # 1. By Enterprise Functions: The most simple and common type of organisation consists of grouping of all similar activities of the business [...]