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Besanko's Value Chain Analysis

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Introduction There is no point in having the greatest expertise in the world in your company if they are not motivated. All effective leaders want their organisations to be filled with people in a motivated state of mind. Motivated people have a positive outlook, they’re excited about what they are doing and they know they are investing their time in something worth doing. The challenge for all leaders is to create a situation where measures to create motivation then create performance that again gives a beneficial result. “A company can set the strategy but in the end it is the employees that have to implement the strategy. – Economics of Strategy – Besanko et.al. It is not unusual for an individual to express her disappointment in her salary …show more content…

Extrinsic is when you use external factor to encourage you team to do what you want. Pay rises, time off, bonuses or the threat of job loss. Intrinsic is internal. About having the personal desire to overcome a challenge, to produce high quality work or to interact with team members you like and trust. Intrinsically motivated people get a great deal of satisfaction and enjoyment from what they …show more content…

Good leaders recognise that if they are to build productive and highly successful teams, they need to understand and look after the needs and well-being of team members. This is a fundamental part of the “emotional contract” between leaders and their teams. Maslow’s Hierarchy of Needs is a popular way of thinking about people’s needs. Published by psychologist Abraham Maslow in his 1943 article “A theory of human motivation, this theory contends that as humans we strive to meet our most basic needs, we also seek to satisfy higher set of needs. Maslow present this set of needs as a hierarchy, consisting of: The theory argues the fundamental level starts with the physiological need for food, water and shelter. This is followed by security and social needs. Maslow believed that the higher level needs could only be met after the lower lever needs had been satisfied. This theory is often misused within the workplace as it was not intended for use in the workplace and Maslow only started to use it himself after it became popular as that type of tool. However, the theory is important as an idea or a process that could be used when meeting a team member’s

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Reading Assignment #6 1. In order to keep top performers satisfied and productive, Steve Bates argues, there should be a substantial difference in the variable pay or merit- based salary increases that top performers and poor performers receive. Based on available research the increase needed to catch “anybody’s attention” should be a seven percent or eight percent increase in compensation. It also states that anything below that might be welcomed, but will not lead to substantially greater effort on the part of employees to increase business results.

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Beneful uses a moderate amount of chicken by-product, has 17 bad ingredients and is not grain free, offers different life stages, is made in the U.S.A., and costs $.99 a pound. Overall Beneful receives 3/13 paws. My choices: Since there is a lot of different dog foods, I only chose twelve to compare. The dog foods I chose to evaluate are based on what we commonly recommend at the store, and the product itself.

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“One can choose to go back towards safety or forward toward growth. Growth must be chosen again and again; fear must be overcome again and again.” (Abraham Maslow) Even though Maslow 's hierarchy of needs starts from the bottom which is physiological needs and goes all the way to the top of self-actualization, in reality, the hierarchy of needs does not go from the bottom to the top in a systematic order. It can go all the way to the top and crash down to the floor.

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With a clear idea of how to boost their salary and position, employees are motivated to do so” (Huhman, 2015). In addition, when organization offers employees the opportunities to progress upward and relay what they need to do to achieve upward mobility and

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Summary There has been in depth research regarding the homelessness of African American women of the United States. Research has found an increase of homeless minority women in relation to healthcare and spiritual needs. Homelessness can discourage the need for care and the incentive as well. Spiritual needs for homeless African American women increases as soon as they become homeless.

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Maslow's Hierarchy of Needs Maslow's hierarchy of needs represents the fundamental needs of person throughout their life. The hierarchy of needs relates to why people decide to join the gang. The bottom of the hierarchy shows psychological needs a person will need such as food, water, shelter, and clothing. When, a person is available to attain these needs, they go to great lengths to survive. Many gangs offer food, shelter to coax people who have become desperate.

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We discuss bonuses, annual raises to salary and how it can affect the company’s annual operating costs. The effects that a company feels as it offers increases and finally the alternatives that can be implemented as an improvement. The method for awarding and determining the merit is a way to bolster performance and companywide progress reinforcing the individuals desire to do well.. Raises are offered annually to all employees; however in order to gain the most or higher amount offered for yourself one must ensure that they are adhering to company goals and values which parallel and tie into your own objectives. The values are set to drive performance and results in key areas.

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The theory somehow shows the degree of changes in desire or inner motivation when the external factors involved in performing tasks or activities but at the same time it is crucial to understand the intrinsic motivation and extrinsic motivation in first place. Intrinsic motivation is a desire to perform an activity or job out of the enjoyment produced by the activity itself. An individual expects no reward and consider the enjoyment he or she had is the reward for the activity. Extrinsic motivation is when an individual is performing something for external causes and not solely because he or she enjoys the task or the

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Ever since the dawn of civilized life Management has been in use, since times such as Greek Civilisation and The Roman Empire it has played a vital role in work and has so for thousands of years as well as the many that are to come. Since then management has changed significantly, the evolution of management thought can be separated into Classical theories i.e Scientific Management and Bureaucracy and Modern theories (Tiernan, Morley 2013). Management is currently a major role in working life and the study of human motivation assist managers in gaining an understanding of how workers can be managed in a manner to that they will work at maximum capacity. This has led me to research the currently very popular theories of Abraham Maslow (1908-1970)

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1 4 Life positions People’s opinions differ from each other and will cause a certain amount of conflict between them that manifest themselves as an individual’s thoughts, feelings, and behaviours (Berne, 1964). He defined transactional analysis as “the method for studying interactions between individuals”, and identified three alter ego states that are present in every person, namely the parent, child and adult that is briefly described below. 4.1 Parent This type of behaviour is the result of our upbringing and education during the first five years of life and is evidenced by anger or impatient body language and expressions and words such as always, never and other words of a critical nature (Berne, 1964).

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Flipkart is an Indian e-commerce company headquartered in Bangalore, Karnataka. It was started in the year 2007. In its formative days Flipkart mainly dealt with books but now, it has expanded to electronic goods and a variety of other products. Primary categories of products sold at Flipkart are: • Books • Mobiles & Accessories • Computers • Home and Kitchen • Personal and Health Care • Gaming • Watches and Fragrances • Music and Movies • Stationery Some other facts about Flipkart are • It has 2,000,000 registered users • 8,000,000 customer visits every month.

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This Hierarchy is a very solid foundation for the concept of motivation and its process. A lot of practicing managers consider Maslow’s theory as a basic framework to predict their employee’s behavior at work. We can also see, the terms used in this theory are used frequently. An advantage of Maslow 's hierarchy of needs is its perceptive understanding into human nature. This theory helps us to understands the needs and potentials of human beings to a great extent.

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A performance-oriented philosophy is followed; no one is guaranteed compensation just for adding another year to organisational service. Instead, pay and incentives are based on performance differences among employees. Employees who perform well get larger compensation increases; those who do not perform satisfactorily receive little or no increase in compensation. Thus, employees who perform satisfactorily should keep up or advance in relation to a broad view of the labour market for their jobs, whereas poor or marginal performers should fall

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Five Levels in Maslow's Hierarchy of Needs and How They Influence Us Abraham Maslow, who was an American psychologist created a hierarchy of needs. There are five levels, with the basic needs at the bottom. He explains that if the basic needs are not satisfied we cannot move up the pyramid, despite a few instances (Lilienfeld et al., 2016). The first level is physiological needs which is satisfying hunger, thirst, and fatigue. Physiological needs influence us because if we are not satisfying our hunger, we can lose weight, or be malnourished.

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The hierarchy of needs expresses that there are certain needs that a manager, for example should acknowledge in order to increase motivation and morale. In Maslow’s theory it is stated that there are basic needs that must be met before workers become motivated. Maslow highlights that first and foremost psychological needs are to be met if Amber wants to motivate her workers, psychological factors include food and water and in order for her workers to be able to obtain these basic needs Amber must provide a reasonable wage. Safety is also presented as a basic need in the hierarchy of needs. Amber should be able to guarantee that the nail salon provides a safe environment for her workers as they are more likely to work to the best of their ability knowing they are distant from harm.

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