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Introduction to business - Essay Example

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Business theories and models Name: Institution: Date: A business model or theory is the plan a as to how the company is going to produce, market and gain from the transactions it is engaged in. A business model is laid out as a strategy that the company will use to reach its laid down objectives and purposes…
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Download file to see previous pages Models are not only used to describe the current position and functioning of the entity but also the future position and the share that the company wants to achieve in the long run. The type of model that the organization adopts will go a long way to determine how the customers relate with the organization, how the employees are motivated and also how possible is it for the company to meet its long term plans. Different business models and theories have been adopted by various leaders in the management of their organizations. One of these business theory and models is the human relations theory. This theory is mostly concerned with the human factor in the company, leadership and the motivation of the workers (Heron, 1993). This theory assumes that both the employer and the employee are social beings and can relate on a common ground. This is also based on the assumption that the employer was so much concerned with the employee behavior at the work place. The level to which the organization is going to meet its objectives depends so much on the general perception of the employees and their general attitude towards work. The human relation theory also makes an assumption that how well the people’s needs are put into consideration, the better they are able to perform in their places of work. People naturally want someone who will be there for them and by the management showing concern about their needs is a way of giving them more reason to be proud and identify with the organization. The theorists who came up with this model suggested that to a given level, the managers could predict the behavior of their employees at the work place. This theory is mainly concerned with employee motivation and general satisfaction at work (Heron, 1993, p. 242). Different categories of people are motivated differently according to human relations theory. Rational- economical man is the type of employee who is motivated by being let to exercise those things that are of self interest but at the same time taking full advantage of the gains that come up in the organization. The second class of the employee is the social man who is motivated by being allowed some social time and allowed to be part of the groups in the organization. This type of employee will be motivated by even those things that are considered not as important to other people, for example, being allowed some time to go on a company trip or even a short business vacation where he is to meet other people. The self-actualization man, according to human relations theory, is motivated by those things that will help him to feel fulfilled as an individual. These things are like any advancements or achievements that the employee achieves and is recognized for them by the company. The management can motivate this employee by allowing him to be free and support any innovative ideas that he may come up with. The fourth type of individual is the complex man and as the name suggests, this employee is not easy to understand and he may stand for different things at different times. This man is motivated by understanding his needs personally and or as a group and trying your best to satisfy them in the best way possible. The human relation theory is a theory that applies so much in the day to day running of many businesses because many firms are concerned with productivity and this is achieved by making sure that the employees, who are directly concerned with this production are well catered for their ...Download file to see next pagesRead More
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