Dynamics of organizational leadership-5 HRM 1101 FALL 2010

Dynamics of organizational leadership-5 HRM 1101 FALL 2010...

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Organization and Management Creating Value
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The owner of IKEA, Ingvar Kamprad, is the fourth wealthiest billionaire in the world
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APPLICATION OF ORGANIZATIONAL [paradoxical] LEADERSHIP AT IKEA Create:  Innovative functional  contemporary designed  furniture  Control:  Tight quality & cost control; low  admin. costs Collaborate:  Social capital; one of  the  best places to work Compete:  Innovative stores and  marketing; 230+ stores; 410 mil.  Shoppers; 10% margins 
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EXPLANATION OF THE FORCE [MOTIVATION]
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EXPLANATION OF THE FORCE [MOTIVATION] Maslow - Needs Approach People make an effort to satisfy unmet needs Once need is satisfied little further effort is  made Presumes a hierarchy of needs—from lower to  higher  As lower needs are satisfied, higher needs  become dominant Attempt to satisfy needs at work
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Hierarchy of Needs [ Maslow] Physiological Needs Safety Needs Social [Love] Needs Esteem Needs Food, water, shelter Heat, air, base salary Safe work,fringe benefits, job security Recognition, high status, increased responsibilities Work groups, clients,coworkers, supervisors Opportunities for training, advancement, growth, and creativity Freedom from war, pollution , violence Family, friends, community groups Approval of family, friends, community Education, religion,hobbies personal growth Self-Actualization Needs Fulfillment off the Job Fulfillment on the Job Need Hierarchy
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PAY FOR PERFORMANCE
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EXPLANATION OF THE FORCE [MOTIVATION] Process Approach Expectation that effort will result in  performance and Performance will lead to valued rewards Renewed effort to obtain more rewards EFFORT BEHAVIOR/ PERFORMANCE REWARDS
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Dynamics of organizational leadership-5 HRM 1101 FALL 2010...

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