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 changing trends in social, technological, political, economic and other environments discussed above are likely to create new challenges for the managers. High degree of professionalisation will be needed if the managers have to deal with the challenges effectively. Professionalisation of management requires expert knowledge of management theory and practices, training in management techniques and sensitivity to social responsibilities. To [...]