Motivation and its centrality to successful business...

Motivation and its centrality to successful business practice Motivation Motivation is a key factor when managing any business. Motivation is important for a high productivity level. Productivity measures the relationship between the inputs into the business and the resulting output: There are several ways of measuring productivity: * Output per worker * Output per hour / day / week * Output per machine (if the business includes machinery). Unit costs divide the total costs by the number of units produced Unit costs = Total Costs / Units of output Stock levels A business will usually set itself a level of finished goods that it should receive. This is designed to satisfy the demand expected by the†¦show more content†¦When a company works in a production line they allow the mass production of consumer goods. Every job on a production line is simple and repetitive, and requires little training for the worker. Only basic needs would be met – pay, a job, a safe working environment. An employee though has the threat of losing their job which can easily be replaced. There are a number of advantages and disadvantages of working in a large organization. Here are some of them: Advantages: 1. More opportunities for promotion and career development. 2. More opportunities to take responsibility and make decisions when higher up the organisation. 3. Higher wages and bonuses for some workers if the company is successful. 4. More people to meet and make friends with 5. Company pension schemes and better health and safety schemes. Disadvantages: 1. Many workers will have low skilled and poorly paid jobs. 2. Less job security if the company is unsuccessful. 3. Close supervision over what workers are doing. 4. Production line jobs are boring and repetitive. 5. Poor communication and relations between workforce and management. Many people have wondered what people like and dislike about their job, Frederick Herzberg carried out some research during the 1960s to find out people’s opinions about their jobs. He took a sample of people at different levels in different jobs and asked them two questions: 1) What is itShow MoreRelatedBechmarking: Riordan Essay1138 Words   |  5 Pagesintends to discover the best practices of companies that have solved issues comparable to Riordan Manufacturings concerns. Its the best way to find solutions involving companies in the same industry, and then finding solutions to similar issues faced by companies in other industries. General Motors and Verizon are companies that have faced decreased sales and employee concerns over employee reward issues. In Riordan Manufacturing case, they have developed a new business strategy and provide newRead MoreGi s New Belief System1717 Words   |  7 Pagesbe encapsulated in the values that are recommended. 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