Motivation Essay Example | Topics and Well Written Essays - 1500 words - 1

Motivation - Essay Example As a direct impact of the competition between the firms, in various markets, various new economies and markets are emerging. These new markets and economies are providing the companies across the world with a significant amount of future growth potential because of their consumer needs as well as the consumer needs of the masses. However, the opening of the global markets has also led to the increase of risks in the business environment as well as spillover effects arising from slow economic growth in countries around the world. The macro and micro economic developments of nations and continents around the world are highly affecting the business scenario around the globe and making the companies go for sporting a lean cost structure. This approach of the companies to downsize staff in an attempt to cut costs is having a toll in the minds of the employees of the company, who gets increasingly worried regarding the process of thinking of ways for maintaining a sustainable lifestyle rat her than losing his job. So, naturally it can be said that the entire business scenario is playing a major role in the process of affecting the moral of employees, thereby hampering their productivity at the workplace. Theory 1: McClelland’s Achievement Motivation Theory In an attempt to tackle the issues related to handling of the declining levels of motivation, there are a large number of motivational theories that have been discussed and analyzed by the human resources experts around the world. In a measure to increase motivation of the employees, the human resources managers and employees of various organizations focus on implementing the motivational practices in the workplace. One very important theory of motivation is the achievement motivation theory by David McClelland. This theory essentially highlights three important factors like the needs for achievement, need for power as well as need for affiliation (Aswathappa, 2005, p. 364). Need for Achievement This particul ar need brings into focus the need of the human being to excel in their field of work and thereby focus on setting a bench mark of quality standards for others. The existence of this need is high among employees who gain tremendous satisfaction through the fulfillment of their personal goals. Need for Power This particular point reflects the needs of a person in regards to having the power of authority for making decision and recommending the course of future actions for an organization. The subjects with a high on power need garner satisfaction by having the positions of influence and control of the physical as well financial and human resources in the organization. Need for Affiliation It can be said that the individuals apart from the achievements and power based needs also has a significant amount of need for affiliation and recognition. As a matter of fact, the subject will gain satisfaction by the process of interacting with others as well as working in a friendly environment. Theory 2: Herzberg’s Two Factor Theory of Motivation With the rise of