Explain managerial motivation.
Managerial Motivation: It is the means or inducements, which impel or inspire a person to intensify his willingness to use his abilities and potentialities for getting goals of the organization that he works. Motivation is a psychological force. What motivation does to an individual or morale does to a work- group. Motivation moves an individual to action. Motivation of workers is very significant.
Factors influencing motivation:
- Achievement-Personal satisfaction in problem solving and job completion.
- Advancement-Promotion to the higher job per level
- Growth-Learning new skills that will offer greater possibility for advancement.
- Recognition - Acknowledgement of a job completed well
- Responsibility and Authority - it must be in relation to one's job
- Work itself - Actual job content and its positive/negative result on the worker
- Company Policy and Administration- Feelings regarding the adequacy/inadequacy of company organization and management procedures and policies
- Job Security - Tenure, company instability or stability
- Interpersonal Relations - Relations with superiors, sub-ordinates and peers
- Salary - Pay and fringe advantages
- Status - Size of office and private secretary etc.
- Supervision - Competency or technical capability of supervision
- Working Conditions - Physical Environment
- Personal Life - Personal factors which affect the job