Increase the proportion of executive compensation that comes from stock options and reduce the proportion that is paid as cash salaries
by charging a higher interest rate
Budget helps to aid the planning of actual operations by forcing managers to consider how the conditions might change and what steps should be taken now and by encouraging managers to consider problems before they arise. It also helps co-ordinate the activities of the organization by compelling managers to examine relationships between their own operation and those of other departments. Other essentials of budget include:To control resourcesTo communicate plans to various responsibility center managers.To motivate managers to strive to achieve budget goals.To evaluate the performance of managersTo provide visibility into the company's performance
Managers motivate staff to get them to work more effectively and efficiently. Think about something you enjoy doing ... if you enjoy it, you don't mind doing it. You'd quite happily do it almost any time, and usually give it your full attention. Now think about something you don't like doing. You'll actively try to think of ways of not doing it, or if you really can't avoid it, you may not do your best job at it. It's the same at work. If you can find an element of your role that you enjoy, then you're more likely to put effort into it. Part of a manager's job is to try to help you find that element that you enjoy, so you can willingly do the work. Some might enjoy a competitive environment, whereas others might enjoy a feeling of satisfaction at a job well done. Managers may not always get it right first time, which is why they may try different strategies with different people.
This is very personal, but a better salary, improved working atmosphere and conditions and the prospects of a successful career will motivate almost everyone.
What is the context to your question? I'm not sure what you mean by "bank together"
Managers can be encouraged to act in stockholders' best interests through incentives that reward them for good performance but punish them for poor performance. Some specific mechanisms used to motivate managers to act in shareholders' best in- terests include (1) managerial compensation, (2) direct intervention by shareholders, (3) the threat of firing, and (4) the threat of takeover. Stock that is awarded to executives on the basis of the company's performance. An option to buy stock at a stated price within a specified time period that is granted to an executive as part of his or her compensation package.
Managers must motivate their teams, otherwise the team members will have no motivation to get their work done.
to motivate employees
The sole objectives of the shareholders of the company is to guide/motivate the co. to initiate measures that will help them to accelerate business activity vis a vis expansion and/or switching over to new activities.Though shareholders expect declaration about hefty dividends, they should rather act as watchdogs to protect their interests and company's interest as well.
The behavioral approach to management encourages managers to understand what motivates their employees. When a manager understands how to motivate an employee, they will be able to direct their behavior.
self interest and fear
motivate employees organise training courses Set disciplinary procedures
Yes, managers do more than rule over their staff. They are responsible for reporting trends and researching how to motivate their employees.
To motivate and control employees, managers should use a motivation based on that particular industry or business and also based on the employee themselves. Some employees need very gentle motivation and others need to be under pressure to work their best.
Advantages; You provide the business with a purpose and aim You motivate staff Helpful for bringing in new shareholders Future vision of the company
As a current student, be goofy and crazy. Gaining their attention is key for interest. As a teacher if you can capture the interest in a student it will be easier to motivate a him or her. If this does not help, ask your class or classes yourself how class can be more interesting and intriguing.
I think they do more than rule their staff for the growth of an organisation they motivate them.As we know that managers are divided into three stages top managers,middle managers and lower managers.The top gives instructions to the middle managers and the middle managers gives those instructions into the lower managers (supervisors/workers).So the lower managers do not just rule,but do all the work and find ways to meet organisational goals.