Nobody downloaded yet

Introduction to business - Essay Example

Comments (0) Cite this document
Summary
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…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.6% of users find it useful
Introduction to business
Read TextPreview

Extract of sample
"Introduction to business"

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
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Introduction to business Essay Example | Topics and Well Written Essays - 2000 words”, n.d.)
Introduction to business Essay Example | Topics and Well Written Essays - 2000 words. Retrieved from https://studentshare.org/business/1463925-introduction-to-business
(Introduction to Business Essay Example | Topics and Well Written Essays - 2000 Words)
Introduction to Business Essay Example | Topics and Well Written Essays - 2000 Words. https://studentshare.org/business/1463925-introduction-to-business.
“Introduction to Business Essay Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/business/1463925-introduction-to-business.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Introduction to business law
The success or failure of a particular event or a concert largely depends upon an event manager. An event manager is mainly accountable for planning an event preparing effective safety measures and ensuring appropriate coordination with the staff for successful completion of an event.
10 Pages(2500 words)Essay
Introduction to Business
There is little question that the United States is in the depths of one of the greatest economic crisis’s since the great depression. However there are some easily identifiable problems with the United States economy that could be
2 Pages(500 words)Essay
Introduction to Business........VIII
It is the responsibility of the manager to ensure that plans are set and resources are utilized efficiently and effectively to complete the plan. 2. Leadership is one of the most crucial qualities that a manager must possess. It is that part of the management in which
3 Pages(750 words)Essay
Introduction to Business Accounting
data that is used for calculating different ratios is historic that implies that the financial ratio analysis provides findings regarding the companys past performance which may not have relevance to the businesss current position. This restricts analysts from using the results
5 Pages(1250 words)Essay
Introduction to business
The business does not manufacture the products it sells, the business is responsible for advertising these products through its website and if customers are interested in the product, the business then supplies the products to the customer.
1 Pages(250 words)Essay
Introduction to Business
Therefore, this makes the employees feel appreciated and secure in their environment making them more productive. However, encouraging this in the workplace, has made employees for instance, Best Buy create a conducive environment where
2 Pages(500 words)Essay
Introduction to Business
This paper will therefore analyse why organizations require effective communication channels. The basic aspect of communication is enhancing the relationship between people and organizations.
2 Pages(500 words)Essay
Introduction to Business
the exercise given, two companies have applied for the loan and thus based on their respective current ratios and acid test-ratios, the opinion will be formed regarding the more deserving candidate to receive the loan. In the light of information above, Potz current ratio is
1 Pages(250 words)Essay
Introduction to Business Law
As the author of the essay puts it, Golden Rule or British Rule of statutory interpretation gives authority to the judge to dismiss the literal meaning of a word in order to prevent passing an illogical ruling. It is emphasized that Golden rule will qualify a literal rule in a case where the literal rule is not applied where doing so will lead o injustice.
14 Pages(3500 words)Essay
Introduction to business
An analysis of business ownership gives insight into performance of business. The 100 percent employee ownership has brought several changes in the business. This change affects how this business is run. This means that employee controls every aspect of the
1 Pages(250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Introduction to business for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us