Motivation Flashcards
What is Motivation?
A reason or reasons for acting or behaving in a particular way
What is the Jack Welch approach?
Leaders should fire the bottom 10% of their workforce each year
What is Taylors Instrumentality Theory (1911) ?
Money can motivate people but it is not the only motivator, as it satisfies the basic needs for survival but doesn’t result in lasting satisfaction
What is Maslow’s Hierarchy of Needs (1943) ?
People can’t pursue higher order self-actualisation needs unless lower order needs have been met
Frederick Herzberg’s Two Factory Theory of Motivation (1966)
There are motivating factors that create satisfaction in the workplace and hygiene factors which the absence of make individuals unsatisfied or unhappy
McClelland’s Acquired Needs Theory (1961)
He proposed higher order needs were not innate characteristics, but acquired over time. He focused on the need for achievement, power and affiliation
Vrooms expectancy theory (1964)
Suggests that individuals are motivated to perform if they know their extra performance will be recognised and rewarded. The motivating factors are instrumentality, expectancy and valence
Adams equity theory (1963)
Individuals make cognitive evaluations of the difference between their contributions and the outcomes, as compared to others
Locke and Latham objective setting theory (1990)
The five goal setting principles to improve chances of success are clarity, challenge, commitment, feedback and task complexity
What are the 4 keys drives of a motivating manager?
Drive to acquire, bond, comprehend and defend
Extrinsic rewards
Cash payments and benefits (e.g. pensions, cars insurance etc.)
Intrinsic rewards
Integral to work (e.g. job satisfaction, challenge, recognition etc.)