1. What is the expectancy theory of motivation? Discuss the role of valence and reward (outcome) in explaining employee expectancy. 2. You have recently prepared and submitted a Tk.150 million bid to win a construction contract to build a supermall in Cox’s Bazaar for Lucifer Group of Industries. Your bid is the most comprehensive and lowest in terms of cost. The Lucifer Manager for the project also appreciates the bid and is positive about giving the job to your company. However, the Lucifer manager has asked you to raise the bid by Tk.15 million which would be split three ways equally between you, the Lucifer manager, and the Vice President of Lucifer. You, being a person of strong ethics and integrity, in a serious dilemma as to what to do. Suggest three alternatives to respond to the issue ahead of you and explain which of these alternatives you would select and why. 3. Suppose you are the chief Controlling Officer (CCO) of a large garments factory producing high-quality apparel for a premier chain clothing store in the country. On average, you are required to ensure that 3,000 pieces of clothing are manufactured at the factory every day and distributed among the contracted stores. What control measure would you undertake to ensure timely delivery of products manufactured at your factory? 4. Although Maslow suggested that human needs follow a hierarchical pattern moving from the satisfaction of lower-level needs to higher-level needs, his critics argue that human needs can overlap and may often retard (move backward). Can you provide situations where such overlapping and retardation of need satisfaction may occur? Please do. 5. Discuss with business examples the different conditions under which managers have to make decisions.
1. What is the expectancy theory of motivation? Discuss the role of valence and reward (outcome) in explaining employee expectancy.
2. You have recently prepared and submitted a Tk.150 million bid to win a construction contract to build a supermall in Cox’s Bazaar for Lucifer Group of Industries. Your bid is the most comprehensive and lowest in terms of cost. The Lucifer Manager for the project also appreciates the bid and is positive about giving the job to your company. However, the Lucifer manager has asked you to raise the bid by Tk.15 million which would be split three ways equally between you, the Lucifer manager, and the Vice President of Lucifer. You, being a person of strong ethics and integrity, in a serious dilemma as to what to do.
Suggest three alternatives to respond to the issue ahead of you and explain which of these alternatives you would select and why.
3. Suppose you are the chief Controlling Officer (CCO) of a large garments factory producing high-quality apparel for a premier chain clothing store in the country. On average, you are required to ensure that 3,000 pieces of clothing are manufactured at the factory every day and distributed among the contracted stores. What control measure would you undertake to ensure timely delivery of products manufactured at your factory?
4. Although Maslow suggested that human needs follow a hierarchical pattern moving from the satisfaction of lower-level needs to higher-level needs, his critics argue that human needs can overlap and may often retard (move backward). Can you provide situations where such overlapping and retardation of need satisfaction may occur? Please do.
5. Discuss with business examples the different conditions under which managers have to make decisions.
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