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With reference to a contemporary business case study, explain how managers could apply one theory of motivation and a related motivational strategy to successfully manage employees - VCE - SSCE Business Management - Question 6 - 2019 - Paper 1
Question 6
With reference to a contemporary business case study, explain how managers could apply one theory of motivation and a related motivational strategy to successfully m... show full transcript
Worked Solution & Example Answer:With reference to a contemporary business case study, explain how managers could apply one theory of motivation and a related motivational strategy to successfully manage employees - VCE - SSCE Business Management - Question 6 - 2019 - Paper 1
Step 1
Explain how managers could apply one theory of motivation
Answer
One applicable theory of motivation is Maslow's Hierarchy of Needs. Managers can apply this theory by ensuring that employees' basic needs, such as safety and security, are met through stable job conditions and competitive salaries. Once these lower-level needs are fulfilled, managers can focus on higher-order needs by providing opportunities for social connections among employees, esteem through recognition, and ultimately, self-actualization through professional development opportunities. A related motivational strategy could involve implementing performance-related pay, which not only incentivizes productivity but also addresses employees’ esteem needs by recognizing their contributions.
Step 2
Describe one employee entitlement issue
Answer
One employee entitlement issue will be the payment of outstanding wages and redundancy payouts. Management needs to ensure that all owed wages, including long service leave and annual leave, are paid out. This is crucial as failure to provide these payments can lead to dissatisfaction and potential legal ramifications.
Step 3
Describe one employee transition issue
Answer
One employee transition issue that may arise from the ATI-TUDE store closures is assisting employees in seeking new jobs. Management should offer support such as job placement services, interview preparation workshops, and resume writing assistance. This support is vital to help former employees transition effectively into new employment opportunities, ensuring they feel valued and supported despite the difficult changes.