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Management- 1 - Management Employee Motivation Suprime...

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11-26-07: Management- Employee Motivation Suprime lending o Lending to people who don’t have good credit Reread general motors o Look for economy, recent info, interrelationships of functional areas Success of a business depends on the people there Human resource management o Process of hiring, developing, motivating, and evaluating employees to achieve organizational goals o Soft side very important What motivated employees Motivation o Inner drive that directs a person’s behavior towards goals o A need/want satisfying process Morale o Employees attitude toward his/her job, employer, and colleagues Motivation Theories o Classic theory of management Scientific management and Frederick Taylor Money is sole motivator for workers, price-rated Specialization of labor One best way to do things- efficient o Hawthorne studies Beginning of concerns for social and psychological factors Give workers some attention Extrinsic o Comes from others o Pay, benefits, days off, promotions
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