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13 Cards in this Set
- Front
- Back
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Motivation |
Something that gives a desire to achieve a goal |
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Taylor’s theory of scientific management |
Money is the motivator Paid piece rates Autocratic |
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Mayo’s theory of human relations (HR) |
Not concerned with money but social needs Most motivated by: better communication Teamworking Greater management involvement in working lives Paternalistic |
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Maslow’s hierarchy of needs |
Need five levels of humans needs to be fulfilled at work 5. Self actualisation (achieving target, goals) 4. Esteem (self respect, levels of status) 3. Social (feeling wanted, teamwork) 2. Safety (safe work environment) 1. Psychological (basic needs, food) |
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Herzburg’s two factor theory |
Motivators - factors that directly motivate people Hygiene - factors that can demotivate if not present but don’t actually motivate |
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Motivators |
Job enrichment - wider variety of tasks, more complex tasks, manage own work load, greater sense of achievement Empowerment - more responsibility + autonomy (freedom), independent decisions, less supervision, demonstrates trust |
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Transformation from entrepreneur to leader |
More formal Sharing ownership More responsibility to others Need for motivation and inspiration Need for strategy and vision |
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Difficulties of developing a entrepreneur to a leader |
Adapting the mindset Stress Lack of trust on managers and employees Lack of leadership qualities |
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Leadership styles |
Autocratic Paternalistic Democratic Laissez-faire leadership |
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Laissez-faire |
Employees encouraged to make their own decisions within certain limits |
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Barriers to entrepreneurship |
Lack of finance Lack of entrepreneurial skills and characteristics Becoming an employer may disencourage Legal barriers Lack of idea Fear of failure Aversion (don’t like) to risk Corrupt and unsupportive environment |
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Demand shifts PIRATES |
Population Income Related goods Advertising Tastes/fashion Expectation Seasonality |
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Supply shifts PINTSWC |
Productivity Indirect tax Number of firms Technology Subsidy Weather Cost of production |
