Theories Of Motivation Essay Example | Topics and Well Written Essays - 1000 words

Theories Of Motivation - Essay Example Maslow's hierarchical nature of human needs points to what motivates a person at a particular stage of his/her career. For example, people at the bottom of the 7-stage pyramid of the hierarchy value the basic physiological needs more. When the lower stage needs are met, the relevant factors lose their importance as motivators and a higher degree of motivating factors come into play, which is more psychological nature. Thus, as they move up to, for example, the fourth stage, self-worth, and self-esteem become more relevant as ‘needs’ – in other words, motivating factors. Significantly, Sun-2-Shade workers seem to be yearning for such recognition having already achieved secure jobs, good pay and working in a progressive/growing company.A word about the interaction of the age factor is relevant. The supervisor and the workers are of the age group – Gen Xers and Millennials. Obviously, the age group is a mix of the seniors of the former and juniors of the latte r categories. Gen Xers prefer ‘flexibility and freedom’ while Millennials value ‘structured, supportive environment’ but can ‘expect and demand more’ (ibid.). Hence there are subtle differences in the groups of workers and this can point to the solution to the problem.Using Herzberg and McGregor theoriesHerzberg's two-factor motivation theory proposed that hygiene factors have the ability to reduce dissatisfaction while motivators increase job satisfaction.... Significantly, Sun-2-Shade workers seem to be yearning for such recognition having already achieved secure jobs, good pay and working in a progressive/growing company. A word about the interaction of the age factor is relevant. The supervisor and the workers are of the age group – Gen Xers (born 1965-‘76 period) and Millennials (born 1977-‘98 period) (Thielfoldt and Scheef, 2004). Obviously, the age group is a mix of the seniors of the former and juniors of the latter categories. Gen Xers prefer ‘flexibility and freedom’ while Millennials value ‘structured, supportive environment’ but can ‘expect and demand more’ (ibid.). Hence there are subtle differences in the groups of workers and this can point to the solution to the problem. Using Herzberg and McGregor theories Herzberg’s two factor motivation theory proposed that hygiene factors have the ability to reduce dissatisfaction while motivators increase job satisfaction (Anon., n.d, online). The hygiene factors like pay and benefits, job security, working conditions, company policies, etc. determine how an individual rates his job/employer against his own expectations. In the process of such assessment, the individual is less concerned about his own credentials and more concerned with what he is getting out of the job. The better the hygiene factors the more the satisfaction level, which then works as the basis for the motivators. The motivators like work content, recognition, promotion etc. help an individual to gain a sense of job satisfaction. Hence, the Herzberg theory supports the view that motivation cannot be achieved if the underlying hygiene factors are ignored. McGregor’s

Iphone Demand and Supply Research Paper Example | Topics and Well Written Essays - 750 words

Iphone Demand and Supply - Research Paper Example The entire process includes a transaction and involves the exchange of goods and services for money. This paper helps to discuss and provide an insight into how demand and supply has changed the world in the present modern era with the help of electronics, in specific, the iPhone. This phone has become a phenomenon in the world today, however a news article talks about how the demand outstrips the supply in China for this particular commodity and how that has affected the people at a micro economic level in the country. China Unicom Ltd. Said that it was not being able to meet the demand for iPhones in China with an equal level of supply because of the excess in quantity that has been demanded by the people there. The iPhone is no longer a good that falls under the category of luxury goods because this very fact that its demand is growing day by day, shows that the people are easily able to afford the same and want to purchase it at the price that it has launched at. According to the company, an estimated 200,000 iPhones were pre ordered the very day that the phone went on sale in the country (from the USA) and another 400,000 were sold on that day. The company was able to attract so many buyers because of the popularity that the phone had gained over the Chinese market because of the sale of its previous model, which had further excited a wider consumer base. Even though the phones are more expensive, they offer better features as well as data services which have attracted such a wide consumer base. In economic terms, it is clear and evident that this particular phone has appealed a great deal to at least half of the Chinese market because more and more people have bought it at the price at which it was launched. The iPad was also released in China and went on sale at a fast pace as well. However, the crux of the matter remained that the iPhone’s demand exceeded the supply that the company was able to give to the people. This goes to show that there was an extension of demand in the particular commodity at the same or even higher price. Since the iPhone 4 was costlier than the previous version, an extension (and not just an increase) in demand can be noticed here in economic terms which means that there is movement along the demand curve where the sale and purchase of iPhones in China are concerned. As per the article, â€Å"As of the second quarter, Apple was the fifth-largest smart phone vendor in China with 7.1% of shipments, according to Beijing research firm Analysys International.  Nokia  Corp. had the largest share with 26.7%.† this very statement helps in understanding the kind of consumer base that Apple has created for itself in China; and that even in deep cut throat competition, the company has been able to sustain its position in the Chinese market, which can be seen when the demand for the phones exceeded the supply level. In a nutshell, the concepts of supply and demand  can be viewed with the help of u nderstanding the