1 Importance of Intellectual Capital in entrepreneurial environment.
2 What does Motivation means in terms of business performance .
1.2.1 Full utilization of work force help achieve Organizational Objectives.
1.2.2 How would you achieve full utilization of your employees?.
1.2.3 Do a Reward System help?.
2 MOTIVATION IN ORGANISATIONAL SETTINGS.
2.1 What is Motivation?.
.
2.2 Motivational Theories.
2.2.1 Maslow's hierarchy Of Needs.
2.2.2 ERG Model.
2.2.3 Motivator - Hygiene model.
2.2.4 McClelland's Achievement Theory.
2.2.5 V"Rooms Expectance Theory.
2.2.6 Equity Theory. .
3 REWARD SYTEM AS A MOTIVATOR.
3.1 What is a Reward System?.
3.2 Considerations in structuring a reward system.
3.3 Relevance of reward in motivation employees.
.
4 REWARD SYSTEM OF CALTEX.
4.1 Performance based Intrinsic Rewards.
4.1.1 PMP - Personal management process.
4.1.2 Recognition Award .
4.1.3 Responsibility.
4.1.4 Internal Memos of recognition.
.
4.2 Performance Based Extrinsic Rewards.
4.2.1 Incentive Scheme for individual performance.
4.2.2 Incentive shame for team performance.
4.2.3 Merit Pay.
4.2.4 Other non performance base incentives and bonuses.
5 CONCLUSION.
.
1 INTRODUCTION.
1.1 IMORTANCE OF INTERLLECTUAL CAPITAL IN ENTERPRENEURIAL ENVIORENMENT.
Human Resource or Intellectual Capital as it is called today is one of the most critical factors for effective organizational functioning and to gaining competitive advantage in the highly dynamic and knowledge-based competitive environments. It's importance has grown dramatically in the last two decades simply by the better understanding acquired by organizations that it can improve productivity beyond reasonable thinking and also that the cost associated with a poorly directed work force.
Many organizations have traditionally viewed their cost associated with managing the workforce as a cost of doing business. But in an increasingly knowledge and service based economy, where cost of managing and driving employee consist over 75% of total operating costs, progressive organizations are coming to regard this as a source of competitive advantage and a long term investment as the word "Intellectual Capital" suggest.
The difference between each party is in their rewards. ... The relevance of the rewards that the father in a family and the government receives is not evident. ... Sufficient information on the significance of rewards should have been given to make the point clear. ... It fails to explain the relevance of the comparison of rewards that each party receives. ...
The difference between each party is in their rewards. ... The relevance of the rewards that the father in a family and the government receives is not evident. ... Sufficient information on the significance of rewards should have been given to make the point clear. ... It fails to explain the relevance of the comparison of rewards that each party receives. ...
The theories about this communication and how they play central roles in our lives are all limited in their ability to have relevance in our individual lives. ... In defense of the many theories about interpersonal communication, they do explain some general characteristics about behavior and their relevance to an individual's life. ... Theories about communication and the evolution of relationships are of relevance to the idea that communication is not quantifiable by using a single communication theory. ... The social exchange theory is based around minimizing risks/costs, and output...
Author Anthony D'Amato writes, "Machiavelli's relevance to contemporary world politics lies in a different dimension: that of the psychology of human behavior," (D'Amato). ... These include not undermining rewards with constant use of punishment, or that penalties are done quickly at once, while rewards are meant to be gradually given out. ... Unlike Machiavelli, our system of rewards and punishments is not along the lines of public hangings, but in foreign aid to other countries linking to our own economy, "the United States, having set up at considerable expense...
Economists have also pointed out some anomalies in the implicit relationships between rewards, sanctions or monitoring, on the one hand, and efforts, on the other hand. ... This effect expresses the idea that intrinsic incentives (that is intrinsic motivation) can be crowded out by extrinsic ones, such as monetary rewards. ... As a result, formalized policies linking rewards to the level of performance tend to increase instrumentality. Valence refers to the value the individual personally places on the rewards. ... Porter and Lawler (1968) advocate structuring of the work environment in ord...
Rewards for Good Work Bring yourself back to middle school, when the only thing on your mind is that boy/girl you have a crush on and your social problems with your friends. ... Some students need the extra motivation and satisfaction of rewards. ...
I guess it's my turn to decide if this is the case, is there still any relevance of his work to today's contemporary society through this review. ... His work is quite compelling, in fact some nuggets of his work still has relevance to, today. ... and What are the pitfalls and rewards of devoting one's life to studying it?' ...
I guess it's my turn to decide if this is the case, is there still any relevance of his work to today's contemporary society through this review. ... His work is quite compelling, in fact some nuggets of his work still has relevance to, today. ... and What are the pitfalls and rewards of devoting one's life to studying it?' ...
However, managers can indeed use them to their advantage by deciding upon their relevance and how best to apply them in the workplace. ... For example some people would prefer the safety of a long-term employment to a higher status higher paid position with less security. 4.Some rewards at work satisfy more than one need. ...
