COMMERCE 1BA3 Lecture Notes - Lecture 14: Motivation
5 Mar 2018
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Document Summary
Understand the connection between goal setting and management by objectives. Discuss how to tie pay to performance on production jobs and the dif culties of wage incentive plans. Elaborate and because it"s elaborate, it"s time consuming. Ongoing program designed to facilitate goal establishment - short-term goals are more motivational than distant goals. 6 stages of mbo (management by objectives) process. Research evidence: well-designed mbo programs do result in productivity gains. Lacks top management commitment to a time-consuming and elaborate process. Overemphasizes measurable objectives at the expense of qualitative objectives. Performance review becomes punitive - punishment for failure to achieve objectives: money as a motivator https://www. youtube. com/watch?v=cgg9byuy-v4. If not motivated by work, the worker will only do what they need to not get red and to avoid getting hassled, not going above expectations. It"s not only about getting paid, it about the lifestyle one can get out of it.
