StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Critically evaluate how the recession has affected Natwest's motivational methods - Essay Example

Cite this document
Summary
NatWest has a huge network of almost 1,600 branch offices throughout Great Britain. It offers 24-hour online banking services along with around 7.5 million customers (www.natwest.com)…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER93.7% of users find it useful
Critically evaluate how the recession has affected Natwests motivational methods
Read Text Preview

Extract of sample "Critically evaluate how the recession has affected Natwest's motivational methods"

Download file to see previous pages

Motivation theories such as Maslow’s hierarchy of needs, Herzberg’s dichotomy of hygiene factors and motivating factors, McGregor’s theory ‘X’ and theory ‘Y’ people, Edgar Schein’s assumptions based approach, Tailor’s scientific management approach, Elton Mayo’s theory, Adams equity theory and Vroom’s expectancy theory have been in used for long time. These models propose circumstances under which employees will be internally motivated to do their tasks effectively according to Hackman and Oldham (1976).

However practical situations in the organizational setting can be an admixture of some or all of these theories. There was a time when employees were assumed as only another input into the process of manufacturing of goods and services. According to Lindner (1998) what probably changed this notion was research, known as the Hawthorne Studies, performed by Elton Mayo in between 1924 to 1932. Maslow (1998) used a pyramidal hierarchical structure to depict the needs of employees at the work place.

According to him self-actualization occupies the top-most rung in the hierarchy of needs. Secondly self-esteem needs come as of importance. Thirdly needs of love and affection come and fourthly safety related needs are of importance to the employee. Finally at the base of the pyramid there are those physiological needs. Individual employees who are more likely to need self-actualization benefits would display some individual characteristics. For example acceptance and realism are associated with such employees.

This is due to the fact that such employees regard themselves as more realistic and accordingly adjust themselves to the work environment with a degree of ease. Secondly their problem solving behavior endears them to many higher officials outside their own work environment. Their motivation basically comes from a

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Critically evaluate how the recession has affected Natwest's Essay”, n.d.)
Critically evaluate how the recession has affected Natwest's Essay. Retrieved from https://studentshare.org/miscellaneous/1564784-critically-evaluate-how-the-recession-has-affected-natwests-motivational-methods
(Critically Evaluate How the Recession Has Affected Natwest'S Essay)
Critically Evaluate How the Recession Has Affected Natwest'S Essay. https://studentshare.org/miscellaneous/1564784-critically-evaluate-how-the-recession-has-affected-natwests-motivational-methods.
“Critically Evaluate How the Recession Has Affected Natwest'S Essay”, n.d. https://studentshare.org/miscellaneous/1564784-critically-evaluate-how-the-recession-has-affected-natwests-motivational-methods.
  • Cited: 0 times

CHECK THESE SAMPLES OF Critically evaluate how the recession has affected Natwest's motivational methods

Experiential Learning, Potential Motivational Strategies

motivational methods BY YOU YOUR SCHOOL INFO HERE DATE HERE motivational methods One of the most difficult aspects of management and leadership is establishing a motivational model that will gain commitment, loyalty and corporate dedication from a variety of diverse employees in the organization.... The most effective methods of establishing motivation in a changing environment are to bargain the change imperatives and ensure that consensus becomes part of the management model....
4 Pages (1000 words) Essay

Effect of Recent Recession on Apple Strategic Marketing Management Practices

critically evaluate how the recent recession has been affecting strategic marketing management practices of Apple critically evaluate how the recent Recession has been affecting strategic marketing management practices of Apple by (NAME) to (DEPARTMENT) in partial fulfillment of the honors requirements for the degree of (DEGREE NAME) (INSTTUTE NAME) April 23, 2013 Introduction and Background Apple has made its mark in the technology and computer industry over the years but during the last decade it has been more famously known for its i-phone range, which has turned into world's leading smart phone....
6 Pages (1500 words) Essay

How has the recession impact men's life

For how many years, recession has been changing economic, political, and social activities of the United States which was spearheaded by the fall of what people… Though recession principally caused distress on the Americas, it did not take so much time to make itself felt in the other countries.... Thus, to better understand recession and its impact on men's life, it is best to widen the How recession has Impacted Mens Life One of the most significant factors that have affected people's lifestyle today would have to do with recession....
2 Pages (500 words) Essay

Discussion in recession

The rate of change within the external business environment has been intensified for contemporary businesses, which has been noted to have profound implications on their strategic risk management (Iatridis et al, 2013).... There has been number of risks associated with operations… The review of literature has however highlighted that operating in diverse businesses still exposes the firm to intra-industry based factors like economic recession The economic conditions are directly linked with the overall discretionary purchases undertaken by the households, while there is also a high degree of implication on the overall volume of necessity purchases....
4 Pages (1000 words) Coursework

Motivational Methods Paper

An administrator should inquire… and understand numerous motivational methods that can be implemented during downsizing including process theories, expectancy theory, and stakeholder mapping. Managers can use motivational theories like process theories, expectancy theory, and stakeholder mapping to direct and motivational methods motivational methods Changes such as downsizing pose numerous challenges among individuals within a particular work environment....
1 Pages (250 words) Essay

How Inflation Affected Ford Motor During the 2007-2009 Recession

The essay reveals how the recession affected employment in the Ford Motor as well as other companies in America.... The table below shows how the recession affected the employment in FORD MOTOR and other companies in America.... An author of the present short essay would briefly examine how the shares of the Ford Motor Company changed as a result of decreased demand during the recession 2007-2009.... This is seen when the number of outstanding shares of the FORD MOTOR gradually increased as a result of decreased demand during the recession as shown in the table below:Outstanding sharesyear2006200720082009 2010Common stock1,777,590,2461,809,771,8351,827,947,5742,182,758,3113,149,667,003Class B stock70,852,07670,852,07670,852,07670,852,07670,852,076When real income falls below potential income due to a recession, FORD MOTOR laid off workers, so the unemployment rate goes up and hence households earn less income....
1 Pages (250 words) Essay

How the European Economy Works and How This Integration Can Be Affected by the Recession

The financial crisis that happened in the United States has affected a lot of its close partners such as Mexico.... This discussion “How the European Economy Works and How This Integration Can Be Affected by the recession?... nbsp; However, due to increasing global linkages, such as through bilateral and multilateral agreements, it became inevitable that the region is dragged by the recession in other countries such as what happened in the USA....
11 Pages (2750 words) Coursework

How Accounting Can Help Businesses to Overcome Recessions

Because the profession of accounting is so important for the businesses today particularly because of the advancements in technology in the last two decades there has been a lot of research conducted on the methods employed by different businesses while recording data.... Since the businesses throughout the world are not the same and vary from region to region, product to product etc, the general methods that were adopted in the bookkeeping process were different in the past....
12 Pages (3000 words) Research Paper
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.
Contact Us