BSM 200 Lecture Notes - Lecture 2: Tunnel Vision, Expectancy Theory, Equity Theory

• School: Ryerson University
• Department: Business Essentials
• Course: BSM 200
• Professor: Ranjita Singh

Document Summary

Problems in startups when entering the growth phase: hiring new people. Your friends new dream, bringing in the right people is difficult: task orientation. No delegation -> we know best: tunnel vision. Professional phase: communication within organization, structure not bureaucracy people k(cid:374)o(cid:449) (cid:449)hat they(cid:859)re doi(cid:374)g more efficient systems (routines) 3 expectancy theory: relationship among individual effort, individual performance and individual reward problematic, things are done as teams, (cid:272)a(cid:374)(cid:859)t disti(cid:374)guish i(cid:374)di(cid:448)idual perfor(cid:373)a(cid:374)(cid:272)e all of the ti(cid:373)e, (cid:858)as good as your tea(cid:373)(cid:859) 4 equity theory: centers on how the perception of fairness directly impacts worker motivation. Autocratic fast decision making, crucial, time essence, conflict management, enforcing company policy. Democratic need involvement of employees, ask employees for information, new ideas with new projects, take it from within your team of employees, have time to take and make up their minds. Free-rein broad directions, can be done with very motivated and knowledgeable, trust them a lot to work without watching over closely.