Motivation Theories
Maslow created this theory to show motivating people takes more than money
What is the hierarchy of needs?
a democratic leadership style lends itself to this kind of organizational structure
What is a flat or wide organizational structure?
This is when an employee has a certain number of hours they work but can decide start and stop times throughout the day or week.
What is flexi-time?
the coordination and organization of business activities, people and resources to achieve their aims
What is management?
The movement of cash into and out of the business
What is cash flow?
This theorist created the "two factor" theory of motivation
Who is Herzberg?
A MNC might have offices around the world and so decide to organize in this style
What is organization by region?
A press release; a marketing presentation; an advertisement; a job interview - are all types of this
What are formal channels of communication?
Jerry the boss comes into the office sporadically, he feels the workers can get along on their own and can contact him if they have questions.
What is laissez-faire leadership?
On a balance sheet, the value that non-current assets lose over time is called this
Frederick Taylor applied this scientific analysis to break down the steps of completing a certain job
What is division of tasks?
The number of people (subordinates) over whom a manager has direct supervision
What is span of control?
A labor market that relies on temporary and part-time positions filled by independent contractors rather than full-time permanent employees.
What is the gig economy?
Miranda tries to meet each employee where they are at and change her response based on what works best for them and for the particular problem.
What is situational leadership?
After current assets, I am the next category on a balance sheet
What are current liabilities?
These factors will motivate people only for a short while and then they will "get used to it" and it will mean little to them
What are hygiene factors?
What is a decentralized organization?
Cultural and linguistic differences; use of technical jargon; confusion from a merger or takeover are all examples of this
What are barriers to communication?
This type of leadership is not advantageous for highly complex decisions where lots of imput is needed
What is autocratic leadership?
This is the last entry of a profit and loss statement for a non-profit business
What is retained surplus?
The top tier of Maslow's hierarchy includes things like creativity and problem solving
What is self-actualization?
While the first term signals a reduction in the levels of hierarchy within the organizational structure, the second term is about transfering of responsibility for specific tasks from one person to another.
What is delayering and delegation?
There are many types of extras that companies give their employees like free meals, private insurance, company car, and more. These can also be called perks.
What are fringe payments?
An democratic leader might try participation and involvement of staff in big decisions in order to reduce this common problem in a business
What is resistance to change?
this is the ability for a business to change assets into cash quickly without them losing value
What is liquidity?