Theories of Motivation (VCE SSCE Business Management): Flashcards

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Theories of motivation
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Motivation in business context

Employee willingness to put in high levels of effort

Three major motivation theories

Hierarchy of Needs, Goal Setting Theory, Four Drive Theory

Maslow's key principle

Lower need must be satisfied before higher need motivates

Five levels of Maslow's hierarchy (bottom to top)

Physiological, safety, social, self-esteem, self-actualisation

Self-actualisation

Highest level of human needs; sense of fulfilment

Five principles of Goal Setting Theory

Clear, challenging, commitment, feedback, task complexity

SMART goals acronym

Specific, Measurable, Achievable, Relevant, Time-bound

Four drives in Four Drive Theory

Acquire, bond, comprehend (learn), defend

Key difference: Four Drive Theory vs Maslow

Four drives are independent, not hierarchical

Esprit de corps

Feeling of pride & mutual loyalty shared by group members

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