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What is Motivation?
The word motivation has been derived from motive
which means any idea, need or emotion that prompts a man into action.
Motivation can be defined as the process that account
for an individuals intensity, direction and persistence of efforts towards attaining a goal.
Rensis Likert has called motivation as the core of
management
Significance:
The workforce will be better satisfied. Higher job
satisfaction. Workers will tend to be as efficient as possible. The rate of labour turnover and absenteeism among the worker will be low. Foster team spirit. No friction among workers and between workers and management. The number of complaints and grievances will come down. There will be increase in quantity and quality of products. Wastage and scrap will be less.
Motivational Theories
Early theories of Motivation: Maslows Need Hierarchy Theory. Motivation Hygiene Theory. Theory X and Theory Y. McClellands Theory of Needs. Contemporary Theories of Motivation: Cognitive Evaluation Theory. Goal-setting Theory. Reinforcement Theory. Equity Theory. Expectancy Theory.
Self-Actualization
Esteem
Social
Safety
Physiological
Safety
Physiological Hygiene factors
Siegl, and Gordon Bowker and named it Starbucks Coffee, Tea, and Spice in 1971. In 1982, they had increased the number of stores to four. Howard Schultz, a sales representative from Hammerplast, analysed the atmosphere and environment of the company and decided to be a part of Starbucks, then as a director of marketing and retail sales. In 1987, the original three owners decided to sell Starbucks to Howard. Starbucks gathered other investors and opened its first overseas store in Japan . Until the end of 2002, Starbucks has developed from 17 stores to 5,688 spreading over 30 countries in by this strategy, it is an over 300 times growing in these ten years!
Listen to employees.
Good welfare measures. Teamwork.
Starbucks is successful in creating a third place apart from office and home.