Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Question
Chapter 10.7, Problem 10.7BQ
Summary Introduction
To determine: Role of appreciation to motivate employees to continue outstanding performance.
Introduction:
Appreciation refers to the act of recognition and to value the work performed by employees.
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Oftentimes, as employees, we find ourselves lamenting how overworked and underpaid we are. One of the challenges of managers and leaders is motivating employees. While we would probably agree giving an employee more money is a powerful motivator, what else could an employer do in order to motivate others to perform to their fullest potential? Please also discuss what your company (if you are currently employed), or another company you are familiar with, currently does that is a great motivator, or is a unique employee benefit.
in 200 words.
MoneyHeist Ltd was turned around by Professor. Professor began working for the company in 1993 and worked his way up the corporate ladder, holding several management positions before becoming CEO in 2002. Based on his previous experience with MoneyHeist Ltd, he knew that when he took over, the company had powerful employees with varying levels of motivation. Professor believed that, among other important business changes, motivating employees at MoneyHeist Ltd was critical to bringing the company back from the brink of failure. His guiding principle was the belief that in order to satisfy customers, employees must be interested and motivated in their work. He has close relationships with many of the employees because of his tenure with MoneyHeist Ltd, which provides a sense of comfort and teamwork. He likens the company to a nice family. Professor was tasked with managing three (3) subordinates in the interim – Denver, Rio, and Berlin. His success was dependent on his ability to keep…
Chapter 10 Solutions
Understanding Business
Ch. 10.1 - Prob. 10.1AQCh. 10.1 - Prob. 10.1BQCh. 10.4 - Prob. 1TPCh. 10.4 - Prob. 2TPCh. 10.4 - Prob. 3TPCh. 10.4 - Prob. 4TPCh. 10.5 - Prob. 10.5AQCh. 10.5 - Prob. 10.5BQCh. 10.6 - Prob. 5TPCh. 10.6 - Prob. 6TP
Ch. 10.6 - Prob. 7TPCh. 10.6 - Prob. 8TPCh. 10.7 - Prob. 10.7AQCh. 10.7 - Prob. 10.7BQCh. 10.8 - Prob. 10.8AQCh. 10.8 - Prob. 10.8BQCh. 10.8 - Prob. 9TPCh. 10.8 - Prob. 10TPCh. 10.8 - Prob. 11TPCh. 10 - Prob. 1CECh. 10 - Prob. 2CECh. 10 - Prob. 3CECh. 10 - Prob. 1DCSCh. 10 - 2. Look over Maslows hierarchy of needs and try to...Ch. 10 - Prob. 3DCSCh. 10 - Prob. 4DCSCh. 10 - Prob. 5DCSCh. 10 - Prob. 1PPTCh. 10 - Prob. 2PPTCh. 10 - Prob. 1VCCh. 10 - Prob. 2VCCh. 10 - Prob. 3VC
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