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'employees' Motivation to Achieve High Performance Depends on More That a High Salary and Good Work Conditions. Discuss.' Reinforce Your Answer with Reference to Theory and Practice.

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Essay Preview: 'employees' Motivation to Achieve High Performance Depends on More That a High Salary and Good Work Conditions. Discuss.' Reinforce Your Answer with Reference to Theory and Practice.

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Humans are constantly involved in different activities to help them satisfy their unlimited wants and needs. We come across the word 'business or 'businessman' on daily bases, directly or indirectly. Business has become an important part of modern world. One of the main factors in business that increase high performance by the employees is motivation. Every business/company needs to know how to motivate their employees in the right and ethical way. Many people may think that high salary and good work conditions is all an employee needs - they are wrong.

Business is an organization that is involved in the trade of goods or services to satisfy consumers needs and wants. If a business is owned by more than one person it may be called a company - however that term also has a more precise meaning. Financial resources, capital or tangible resources and human resources are three main resources that total the business' value or worth. Also are many resources that are required by a business to function properly such as land, labour and capital.

When hearing 'land' in a business term it is meant the buildings where the business is based or farm, factory, this is where all the work is done. For example if it is a clothes company/business it may have a building for the offices and a factory where the clothes are made. It is imposable to start up a business without any land.

There are two definitions for the word 'capital' in business. First is the marketing term which is used to describe the value of the business. The second is the accounting term meaning the money invested in the business. The business capital is based on three different sources investment made by the owner or owners, investments made by people outside the business and the sales of shares made by the business. It is also very important source that is needed to start up a business. Because the starting capital needs to be invested by the owner. The starting capital can be used for land or employing labour.

Labour is the class of people who work for wages. Labour is needed in most businesses. Especially big businesses. In a small business, for example a two persons plumbing business may not need any labour as they can do all the work them selves and they two persons can be counted as labour them selves. However in a big business there would be a lot of labour because it is more complicated and more work needs to be done. Therefore they will need to employ people such as managers, accountants, marketing and many more. A business also wouldn't be able to run without

any labour at all.

Every business has its own organisational structure or business structure, this is in which the positions are arranged within the business. Structure is very important to any business as it helps them co-ordinate activities, divide work and achieve objectives. However it may be more important to the larger businesses because if it is a two men decorating business than it wouldn't be hard for them to decide who is doing what, compared to the larger businesses who have many more employees. Different businesses tend to have different objectives, relationships and ways in which the decisions are made, therefore they may have different structures, but may be similar in some ways. If you think about it - small businesses wouldn't need a big structure so they stick to the small and the large businesses would need a big structure because they are often divided into departments with managers.

Sometimes the organisational structure needs to be changed to solve certain issues or problems that occur. A small business such at plumbing with only couple of people involved will have the entrepreneurial structure. In this structure businesses rely on the expertise of one or two people to make decisions. However if the business decides to expand the structure will have to be changed as more people get employed. To

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"'employees' Motivation to Achieve High Performance Depends on More That a High Salary and Good Work Conditions. Discuss.' Reinforce Your Answer with Reference to Theory and Practice.." OtherPapers.com. 04, 2012. Accessed 04, 2012. https://www.otherpapers.com/essay/'employees'-Motivation-to-Achieve-High-Performance-Depends/27511.html.