Essay About Important Theories Of Employee Motivation And Different Styles Of Leadership

The Nature of Business
Essay title: The Nature of Business
This week like all the others previously was filled with a large amount of information that was
relevant to our understanding of the nature of business. The nature and importance of contracts in
the workplace are important to both the employee and the employer. The employer has certain
expectations and the employee must fulfill them, and the employee has certain expectations
from their employer and expects this in return of doing a good job. Job satisfaction is then
directly related to these psychological contracts because people all have differing levels of
satisfaction that their jobs provide. Employers want to satisfy their employees in most cases
because they will do a better job with quality and pride if they believe and are content with what
they do. The most important theories of employee motivation are human resources model; the
hierarchy of needs model, the two-factor theory, the expectancy theory, the equity theory, and
the goal setting theory. Theory X says that people can are basically lazy and unproductive
therefore need to be rewarded or punished for motivation. The hierarchy of human needs theory
says that people rely on the 5 basic needs to be satisfied and after that they will be more
motivated and productive.
The two-factor theory is a theory that suggests job satisfaction is solely dependent on hygiene
and motivation. The expectancy theory suggests that people work hard to obtain goals and they
expect to be rewarded accordingly. The equity theory believes that people evaluate the way that
their employer treats them by the way they treat other people.
Understanding how leadership varies asks us to understand the different styles of leadership.
Some of these styles are autocratic which management just issues orders and expects them to be
followed. The democratic style asks for input from subordinates then they actually have full
decision-making power. The next style is free reign style usually allow their subordinates to
follow through with the decision making process and advise them of how they should proceed.
The next topic w addressed