Organisations are truly complex entities and for a company to be a success and provide a product or service to the best of its ability, the workforce need to be motivated, ambitious and determined to provide the highest possible quality work within specified time limits. There are numerous things that need to be acknowledged and handled within the organisations structure to ensure that staffs are happy and satisfied in the workplace, alongside the individual’s own personal goals and values. It is the profitable for organisations to make the work environment a comfortable and appealing place for their staff. It is the manager’s job and responsibility to ensure that they are motivating that person for better performance results. Once a …show more content…
This report will also consist of how a manager will incorporate performance related reward schemes to improve overall organisation performance. 1.2 Individuals at Work Within any team consisting of ten people you can immediately notice the range personalities that you are in charge of and the different levels of abilities, experience and energy each person brings to the table. In this kind of team a manager will be dealing with a range of people from different disciplines and backgrounds, a few which could involve engineering technicians, mechanical engineers, design engineers and quality assurance engineers. Each specific person is going to have their own needs, wants, goals and aspirations and once a manager knows what is important for each individual they can then utilise this knowledge and provide the necessary reward scheme required to satisfy and encourage each individual so they thrive and flourish as much as possible while working with that organisation. It is vitally important that your work force feel motivated to ‘give it their all’ while working for you to maximise the organisations overall potential performance. So one of the important question any manager can ask themselves is ‘What can I do to motivate my team?’ and by looking at Maslows hierarchy of needs (Gembapantarei.com, 2014) managers can understand what the fundamental needs are for any worker. 1.3 Personal Abilities and Aptitudes Every organisation is going to try and seek out potential
Employees require motivation, reward and encouragement for maximum productivity. Punishment to workers not performing is also mandatory to prevent cases of poor performance. Ethical considerations must be looked at and employees must follow rules and company policies for plans made by management to be successful. Workers and management relate like a family and this has enabled the company perform to its expectation. These plans are aimed at ensuring total customer satisfaction and delight.
One of the largest successful multi-billion dollar company that I have found interesting is Target Corporations. In actuality, they are second, right next to Walmart on the retail distribution scale. Target has produced a functional organizational habit that has brought in an annual revenue of $72,618,000,000 in the year of 2014, cited from Wikipedia. Target, I truly believe is one of the most successful corporations in United States of America. It has also extended itself to countries such as Canada and even as far as Australia. Target makes it even more convenient to shop online or even in the store. They even send you pamphlets of the items that they think you would be most interested in. In this essay we will see the financial success
The progression of a successful company relies on the basic concepts of management be willing and open to change. Galaxy Toys, Inc. operated based on the Classical school of thought, with much success for many years. So why would the new owners shift the philosophy to the Contemporary School of Management Thought? What are the differences between the two? And what does that mean for Galaxy Toys, Inc. employees? The way that employees are handled by their managers has a great impact on the success of a company.
One of the most challenging parts of a manager’s job is the managerial effort to support employees’ motivation. A key determinant of how effectively a manager nurtures and supports employees’
Poor communication also restricts meeting the organisations objectives, which can be reflected on the motivator factors on the Leeds site. Again the workforces are not feeling any sense of responsibility, as they’re not being rewarded for their work, this is leading to a reduced performance. Consequently it is vital that the new manager creates a rewards system which he/she can praise his staff on a regular basis as this is likely to improve the workforce’s passion for the organisation thus increase productivity levels. Finally, According to lock’s goal theory people’s goals or intensions can play a part in determining their overall behaviour, this can be achieved by setting the workforce regular goals from frequent meetings. This process would be very beneficial for the Leeds site because once the staff have been set specific goals to do within their roles, they are more likely to perform better. This will have a very positive impact on the organisation by improving overall performance of staff and also increase customer satisfaction, which will ultimately lead to more profits for the site.
The goal for any business or organization should be to see that their employees feel their needs are met. This leads to job satisfaction and ownership of their responsibilities. Organizations which do this have a workforce with fewer absences, less tardiness; performance at higher levels, and fewer turnovers. In short, the organization gains accountability, commitment and loyalty. The contrast to this approach and the negative returns thereof are very costly.
Employees satisfied with their work exhibit behavior that makes a difference in the life of the organization. It serves as an inspiration for organizational satisfaction, commitment and desire to stay with the company. A suitable working environment, with fair processes contributes to increase the willingness of employees in performing their functions. Hence, it is vital to develop a positive organizational behavior, and a work environment apt for achieving high-performance goals that result in the organizational success.
Management can motivate an employee to put a strong effort by rewarding him/her for the good work they might have done, or giving constructive feedback which could motivate the employee to better himself/herself. All this can be achieved through a self-motivated and proactive manager who not only wants to get ahead but also assists other employees to get ahead in order to take this organization to a higher level. Through these three foundations of human behavior, it is evident that an employee who is under the right management could use all of his/her skills at the highest degree possible if handled right.
Job performance is essentially a function of ability and motivation. One’s ability can be developed through training, education, and work experience. However, substantial developments in motivation can be obtained fairly quickly. As an effective manager, may achieve a significant increase in your team 's performance by improving its motivation; this begins with understanding what motivates people. According to Maslow Hierarchy of needs theory (Robbins et al., 2014), there are 5 levels of motivation that a manager should recognize as it relates to what motivates individuals and how people are motivated. This has been demonstrated throughout my career as different things motivate different people. The motivation can come right
Prior to 2003, Google was an unprofitable company that was looking for a stable revenue source. In 2003, Google launched Google AdWords, which is a program that allows businesses to advertise to people who search for things on Google.com. Almost overnight, Google went from being a simple search engine, to a highly effective advertising platform. “In 2008, Google reported to the SEC that it had generated $21 billion in advertising-driven revenue alone” (Willey, 2010).
Motivation is one of the most important aspects of an effective organization. The saying, “happy wife happy life,” can help explain the importance of motivation and its outcomes in a comedic approach. If the “happy wife” is thought as “happy employees,” then the results would produce a more enjoyable and productive organization. This analogy is a way to think about how important the happiness of others can affect the big picture. Creating an environment and culture that is internally and externally motivating helps workers strive toward a desired outcome. Motivation in the workplace makes employees work harder, extensively, and diligently at their job with aspiration rather than disgust. Motivating performance in an organization forces the worker to have the “want” mentality to be the best or produce the best results.
The success of the business will be monitored monthly in the first year and quarterly in following years. The Company is fully aware that new businesses take up to a few years to start turning a profit and that the businesses could operate at a loss during that time. The financials included within the business plan have been forecasted conservatively to maintain realistic and accurate predictions. Management will also keep this in mind when evaluating the state of the business, and make adjustments as necessary to keep the business running with a positive cash flow.
The success of any business can be traced back to management. For this reason, managers need to be able to adapt to and address the changing needs of not only their customs, but even more importantly, their employees. Change is always occurring, and the manner in which an employee’s needs are attended to in present day society, is rather different from that of 100 years ago. The development from the 19th and early 20th century management strategies, to the current management understanding, was not a change that occurred overnight. It was a gradual movement from the earliest management philosophy, the Classical Perspective, to the Scientific Management Approach, to today’s Humanistic Perspective.
The performance of a company is based on multiple internal factors and the most important one, lies on the day to day operations of the business. It comes down to maximizing profit and minimizing cost by operating efficiently to secure profits that can support the growth of the company. One of the key component of economic growth, is productivity. Low productivity can affect income, hence purchasing power or investment opportunities. With minimal losses, companies are likely to generate profits and improve on sales performance by optimizing their resources. Consequently, reducing losses is becoming a fundamental element to gain competitiveness in the current global economy. Companies seek to save time, money, energy and
Success and achievements of a firm come from the top. In the article What Is Strategic Implementation? Strategic implementation is the process that puts plans and strategies into an action to reach a common goal and implementation makes the company’s plans happen. However, Walmart managed to implement their corporate strategy which would focus on financial planning, improve the effectiveness of strategic decision-making, allows organizations to complete a portfolio analysis, and analyze a long-term trend and set goals for the success of the firm. Recognizing a problem before it happens Walmart Chief Executives (CEOs) and other top managers has to draw a complete conclusion on how to keep their firm focus on structure and