Cost Management

THE THEORIES OF MOTIVATION

What do you mean by motivation
Motivation, a driving factor for actions, willingness, and goals. Motivation is derived from the word motive,
or a need that requires satisfaction. These needs, wants or desires may be acquired through influence of
culture, society, lifestyle, or may be generally innate.
 1.
Theories of motivation
The motivational theories aim to discover the factors that can drive
individuals to work towards a specific goal.
2. These theories are widely applied in organizational settings as
motivated employees are more productive and their overall
efficiency is high.
3. This results in the organization easily managing its costs.

There is no single theory that can explain all aspects of human behavior.
Hence, the motivational theories are broadly classified under three
categories i.e. Content, Process and Contemporary motivational theories
(Badubi, 2017).
Maslow’s Hierarchy of Needs ·
Alderfer’s ERG
Theory
McClelland’s theory
Herzberg’s two factor theory
Expectancy theory
 References
1. Badubi, R. M., 2017. Theories of Motivation and Their Application in
Organizations: A Risk Analysis. International Journal of Innovation and Economic
Development, 3(3), pp. 44-51.

2. Ball, B., 2012. A summary of motivational theories, s.l.: s.n.

3. Haque, M. F., Haque, M. A. & Islam, M. S., 2014. Motivational Theories – A

Critical Analysis. ASA University Review, Volume 8.

4. Kaur, A., 2013. Maslow’s Need Hierarchy Theory: Applications and

Criticisms. Global Journal of Management and Business Studies., Volume 3, pp.
1061-1064.

5. Reagan, J. R., 2009. The Individual and the Organization, s.l.: s.n.