A good deal of research has been conducted on human relations at work. As a result of a good number of researchers in the field, a number of Management Scholars and thinkers have various theories of motivation have been developed. Modern Theories of Employee Motivation Motivation is the process of encouraging and stimulating an individual to action. It has been … [Read more...] about What are the Modern Theories of Employee Motivation?
Managerial Economics
What is the Theory X and Theory Y (With Examples)
Theory X and Theory Y of human behavior help motivation of employees. It is important to understand the two terms, internal motivation, and external motivation are made up of the forces which exist within an individual, I.e., McGregor's needs want, and desires Theory X and Theory Y. External motivation Includes the forces which exist inside the individuals as well as the … [Read more...] about What is the Theory X and Theory Y (With Examples)
What is Herzberg’s Two-Factor Theory (With Examples)
Herzberg's Theory is closely related to Maslow’s need hierarchy. Both of them are based on human needs for motives that are which motivate an individual the hygiene or maintenance factors of Herzberg are roughly equivalent to Maslow’s lower-level needs as shown in the following figure. Herzberg extended the work of Maslow and developed a specific content theory of work … [Read more...] about What is Herzberg’s Two-Factor Theory (With Examples)
7 Key Features of Maslow’s Need Hierarchy Theory
Maslow's need priority model is one of the most widely referred theories of motivation. Maslow's theory has been criticized on several counts: Human needs cannot be classified into clear unspecified categories, i.e., their hierarchy cannot be specified. Maslow, thought that a person's motivational needs could be arranged in a hierarchical manner, Starting in ascending … [Read more...] about 7 Key Features of Maslow’s Need Hierarchy Theory
3 Major Types of Managerial Control (Explained)
Controlling is the process that checks performance against standards it makes sure that organizational goals and objectives are being met. The control process is the necessary function to make all other managerial functions effective and such that the corporate goals are achieved effectively and efficiently. Controlling is the process by which management regulates work … [Read more...] about 3 Major Types of Managerial Control (Explained)