Motivational Theories free essay sample

Carefully select workers who possess skills and abilities that match the needs of the task, and train them to perform the task according to the established rules and procedures. 4. Carefully select workers who possess skills and abilities that match the needs of the task, and train them to perform the task according to the established rules and procedures. George Elton Mayo (1880 -1949) Mayo had discovered a fundamental concept. Working places should be like as a social environments and good relationship should be maintained between all the workers. People are motivated by much more than self-interest. Mayo concluded that workers are best motivated by: Better communication between managers and workers Greater manager involvement in employees working lives Working in groups or teams. In practice therefore businesses should re-organise production to encourage greater use of team working and introduce personnel departments to encourage greater manager involvement in looking after employees’ interests. His theory most closely fits in with a paternalistic style of management. We will write a custom essay sample on Motivational Theories or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Working places should be like as a social environments and good relationship should be maintained between all the workers. People are motivated by much more than self-interest George Elton Mayo (1880 -1949) Mayo had discovered a fundamental concept. Working places should be like as a social environments and good relationship should be maintained between all the workers. People are motivated by much more than self-interest. Mayo concluded that workers are best motivated by: Better communication between managers and workers Greater manager involvement in employees working lives Working in groups or teams. In practice therefore businesses should re-organise production to encourage greater use of team working and introduce personnel departments to encourage greater manager involvement in looking after employees’ interests. His theory most closely fits in with a paternalistic style of management. Working places should be like as a social environments and good relationship should be maintained between all the workers. People are motivated by much more than self-interest Leading to Satisfaction- * Achievement * Recognition * Work itself * Responsibility * Advancement * Growth Leading to Satisfaction- * Achievement * Recognition * Work itself * Responsibility * Advancement * Growth Leading to Dissatisfaction- * Company policy * Supervision * Relationship w/Boss amp; Peers * Work conditions * Salary Leading to Dissatisfaction- * Company policy * Supervision * Relationship w/Boss amp; Peers * Work conditions * Salary Frederick Irving Herzberg (1923 –2000) To better understand employee attitudes and motivation, Frederick Herzberg performed studies to determine which factors in an employees work environment caused satisfaction or dissatisfaction. Frederick Irving Herzberg (1923 –2000) To better understand employee attitudes and motivation, Frederick Herzberg performed studies to determine which factors in an employees work environment caused satisfaction or dissatisfaction. Abraham Harold Maslow (1908  Ã¢â‚¬â€œ1970) The Hierarchy of Needs-The hierarchy of human needs model suggests that human needs will only be fulfilled one level at a time. Maslow used the term metamotivation to describe self-actualized people who are driven by innate forces beyond their basic needs, so that they may explore and reach their full human potential Abraham Harold Maslow (1908  Ã¢â‚¬â€œ1970) The Hierarchy of Needs-The hierarchy of human needs model suggests that human needs will only be fulfilled one level at a time. Maslow used the term metamotivation to describe self-actualized people who are driven by innate forces beyond their basic needs, so that they may explore and reach their full human potential Principles to increase efficiency; 1. Study the way workers perform their tasks, gather all the informal job knowledge that workers posses, and experiment with ways of improving how tasks are performed. 2. Codify the new methods of performing tasks into written rules and standard operating procedures. Principles to increase efficiency; 3. Study the way workers perform their tasks, gather all the informal job knowledge that workers posses, and experiment with ways of improving how tasks are performed.

How to Make a Family Photo Calendar From Scratch

How to Make a Family Photo Calendar From Scratch Looking for a personalized gift that will be enjoyed year-round? Its easy to create your own personalized photo calendar. Include images of friends, family, ancestors, or special places on your calendar to remind you of special people or events. Make your own calendar for grandma of the grandkids, or one of yourself for the special person in your life. Photo calendars are a thoughtful, inexpensive gift that can be used every day of the year. Select Your Pictures Find pictures from your collection that suit your fancy, and use your scanner to make them digital. If you dont own a scanner, then your local photo shop can scan the pictures and place them on a CD/flash drive for you or upload them to an online service. Dont be afraid to get creative and branch out from traditional photographs - scanned copies of a childs artwork or family mementoes (letters, medals, etc.) also make nice calendar photos. Prepare Your Photos Once you have your photos in digital format, use photo-editing software to add captions, or rotate, resize, crop, or enhance the pictures to best fit your calendar. Create the Calendar ​If youd like to create and print a photo calendar yourself, specialized calendar software programs make a printable calendar as easy as drag-and-drop. You may also already have software right on your computer which will do the job. Many word-processing programs, such as Microsoft Word, include basic calendar templates, as do many photo-editing programs. A number of free downloadable calendar templates can also be found online. As an alternative, there are many calendar printing services and copy shops which can create a personalized photo calendar for you using your photos and special dates. Some of the most popular and versatile include: ShutterflyMixbookPicabooSnapfish Personalize Your Calendar Once you create your calendar pages, its time to customize. Go beyond the basic calendar by adding your own custom colors and fonts. Unlike bland, mass-produced calendars, each month can have a different theme. Match photos to the months theme- a photo of your parents on the month of their wedding anniversary, or a closeup of the family Christmas tree and its treasured ornaments for the month of December.Add personal dates, including birthdays, anniversaries, holidays, and other significant events. Not sure when Thanksgiving or Mothers Day falls this year? Check out holiday calendars for a wide range of national and holiday dates.Keep family history alive by including photos of your ancestors and major events from your familys past. You may be surprised to find how many of your family members share birth dates with their ancestors. Print Your Calendar Once youve finished designing your photo calendar, its time to print. If you plan to print the calendar yourself at home, begin by printing the photo pages- one for each month- preferably on good quality photo paper. Once completed, youll need to reload the printed photo pages into your printer in order to print the monthly grids on the other side of the pages. Remember that each months picture appears on the opposite side of the previous month; for example, you should print Februarys monthly grid on the back of Marchs photo. Make sure that you understand which side and end of the paper your printer begins to print from, to avoid mistakes with page orientation. If youre using a special calendar software program, look for specific directions and tips for printing your calendar. Alternatively, many copy shops can print and assemble your finished photo calendar for you from your saved copy on disk. Be sure to check with them before starting to see what file formats they accept. Add Finishing Touches After youve printed and double-checked your finished calendar pages, you may want to take them to your local copy center to have them spiral-bound for a more professional look. Alternatively, use a paper punch and bind the pages with brads, ribbon, raffia, or other connectors. Enjoy your custom family calendar. And make sure youre prepared to repeat the project next year, because people will definitely ask!

Intrest Rate Report Essay Example | Topics and Well Written Essays - 1000 words

Intrest Rate Report - Essay Example When interest rates are reduced the cost of capital declines and investors will be more willing to invest and therefore this will increase the level of investment in the organisation. High interest rates also mean that loans are repaid at higher rates, many consumers finance their purchases financed using borrowed funds from banks and for this reason businesses may experience a reduction in their sales level when interest rates are increased, therefore businesses will tend to hold less inventory when interest rates are increased especially when stocks are purchased using borrowed money from financial institutions. A business will finance by equity and by debt, when the cost of debt rises as interest rates increase then the decision by business owners will be to finance through equity. For this reason therefore interest rates will affect the decisions made a business on how to raise capital for expansion purposes. The cost of operating businesses increases when interest rates are increased and the cost of operating businesses will decline when interest rates are lowered. ... Current Yield curve: The yield curve is a curve that depicts the relationship between interest rates and date to maturity of securities. Using data from the US treasury website the yield curve as of 21st January 2009 is as follows: From the above chart that depict the yield curve it is evident that the yield curve is an upward sloping curve. This means that if a business borrows for a period of 7 years then the higher will be the interest paid to the financial lender. Therefore the lower the borrowing period the lower the interest paid. Therefore business will opt to borrow for a short period of time to reduce the cost of capital. On the other hand it is also means that the more an investor or institution holds financial instruments such as bonds then the higher will be the returns. Interest rates and customer demand at big drive auto: An increase in the level of interest rates in the economy will affect the level of sales at big drive auto. This is due to the fact that the cost of borrowed funds rise and consumers are less likely to borrow funds to fianc vehicle purchases. For this reason the sales levels are likely to decline. The other reason why sales levels may decline is the fact that consumers may prefer to save rather than spend, high interest rates means that consumer savings will earn more in the economy and therefore a consumer will prefer to save or even invest in other attractive financial instruments such as stocks and bonds. If interest rates are to be reduced the cost of borrowed funds declines and more consumers are expected to be encouraged to borrow more form financial institutions to finance car purchases, therefore the demand for products at big drive auto will increase when interest rates