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Money is the prime and end target for any professional in an organization. Many people says they do not work for money. For most of the people says so - its a lie. Everyone works in an professional organization are working for money. Otherwise they would have been working in charitable or non-profit organization. There are other aims too like Respect, Accomplishment, Authority etc. however all comes after money.
Now for motivation money is not a good one. Whenever there is a award given in form of MONEY the person may feel motivated, but for one or two days only. With the awarded money he/she would buy something. As soon the thing becomes old the effect of money as motivator vanishes.
If the money is awarded in continuous basis like monthly increment in allowances, the motivation effect remains alive for few months. As soon as he/she gets use to that money the effect of motivation vanishes.
For motivation best and longest lasting award is "Giving importance" and "Publicly appreciation".
All the good employees loves to work, otherwise he would not have been chosen for award. I personally like to award him the most prestigious project responsibility with end to end authority. All the employees like to have some authority for himself.
My second award for motivation is awarding the person in a public gathering like weekly floor meet or monthly performance meet. Here i use the Kenneth Blanchard way very much - "Reprimand in private, appreciate in public"
What else can I help you with?
Explain why you think effective time management is important in business management?
Time is money. Effective time management is a must in todays competetive world. By performing the basic functions of management, a business is bound to flourish. There are lot of advantages of effective time management.
In what situations will a static budget be most effective in evaluating a manager?
A static budget be most effective in evaluating a manager for a few reasons. This might be the case if the store has been losing money and for once it is staying static.
When do you say management is efficient and effective?
Management is considered efficient when it utilizes resources—such as time, money, and personnel—optimally to achieve organizational goals with minimal waste. It is deemed effective when it successfully meets its objectives and fulfills the needs of stakeholders, including employees, customers, and shareholders. Thus, an efficient and effective management not only achieves results but does so in a resource-conscious manner.
Difference between succesful manager and effective manager?
A synonym of Effective is Efficient. That is a measure of the bottom line, the amount produced compared to the amount used to produce it. An Effective manager gets more done with less expense or effort than other less effective or less efficient managers. Success is defined as favorable or desirable outcome. Efficiency and Effectiveness can be favorable outcomes, so they are intertwined in meaning. I think maybe you can be considered successful if you keep what you are managing from losing money, but you are effective if you manage in a way that you get the most profit you can from your resources. An Effective manager would be Successful, but maybe not the other way around.
What are the advantages of having a wider extent of control in IT?
Having a wider extent of control in IT allows for improved security and risk management, as organizations can enforce consistent policies and standards across all systems. It enhances operational efficiency by streamlining processes and reducing redundancies, which can lead to cost savings. Additionally, a broader control enables better resource allocation and facilitates more effective strategic planning, ensuring alignment with overall business goals. Finally, it fosters innovation by providing a cohesive framework for implementing new technologies and solutions.
Is money considered motivator in working industry?
Discuss money as a motivator
An extrinsic motivator?
An extrinsic motivator
Is conscience a more powerful motivator than money fame power?
Conscience can be a powerful motivator as it stems from our internal values and beliefs, guiding our actions with integrity and morality. However, the influence of money, fame, and power can also drive individuals to achieve their goals, especially in external and materialistic pursuits. Ultimately, the strength of motivation from conscience or other factors may vary for each individual based on their personal values and priorities.
Is the money be the best motivator towards high performance for a worker?
Money can be a motivator for some workers, but it is not always the best or only motivator. Other factors such as recognition, job satisfaction, opportunities for growth, and a positive work environment can also drive high performance. Employers need to consider a variety of motivators to effectively engage and inspire their employees.
Should fear be used as a motivator?
Using fear as a motivator can be effective in the short term, but it may lead to negative consequences in the long run. It can induce stress, anxiety, and prevent individuals from performing at their best. Instead, motivation through positive reinforcement, encouragement, and intrinsic rewards tends to yield better results and create a healthier work environment.
To what extent is fear a good motivator?
To a certain extent. ;)Fear is a good motivator if it deters you from taking the wrong and immorale path. Fear is good if it helps you stay on the right track. E.g. The fear of death penalty so you wouldn't kill another person for no particular reason. Or maybe you would think twice about doing an act that is not legal..Another Perspective:Fear is a good motivator when balanced sensibly with a clear reward - when both the carrot and the stick are in view. Fear without incentive, or overwhelming fear can lead to panic, resulting in poor judgement. Not enough fear can lead to complacency and lethargy.
When was Prime Motivator created?
Prime Motivator was created on 2008-10-03.
Is money a best way of rewarding employees?
While money is a significant motivator for employees and can be an effective reward, it is not always the best option. Non-monetary rewards, such as recognition, career development opportunities, and a positive work environment, can foster greater job satisfaction and loyalty. Ultimately, a balanced approach that includes both financial and non-financial incentives is often the most effective way to motivate and retain employees.
What are some things that motivate you?
Money is a big motivator for people. Being able to prove people wrong is also something that people use to motivate them.
What extent was Germany's support of the Nationalists effective?
The Nationalist Socialist Party (NAZI's) was effective enough to become the head of the German government.
Who is Ashley's biggest motivator?
Her Dad.
What is some equipment necessary in personal training?
Personal trainers need to have a multitude of skills. You should be analytical, patient, nurturing, persistent, organized, an effective motivator and, most importantly, a good listener.
