Management Essay Example | Topics and Well Written Essays - 2500 words - 26

Management - Essay Example This theory is also based on another theory known as cognitive evaluation theory according to which a person loses interest in his work because of the external factors such as increase in pay etc. This can be explained in other words as the decrease in the motivation of a person to work gradually decreases as the number of incentives being provided to him increase because people get the perception that the work they are doing is forced and compulsory and hence, the person loses interest in doing the same work because then he feels that it is his duty. Another theory, the goal setting theory explains the importance of setting goals and how it improves the performance of an individual. This theory also proves that when a person is told about what goals to achieve and when to achieve it, he automatically works on the task in order to reach his goal. Similarly, if a person is appreciated for his works, his performance eventually increases to a great extent. But a big factor regarding thi s theory is the acceptance of the set goal. And harder goals gave better performances as compared to easier goals. The third theory, known as self efficacy theory or social learning theory is based upon the thinking of an individual whereby he thinks that he has the ability to achieve certain goals or tasks. Hence, if a person is less efficacious he is more prone to give up easily, whereas someone who is highly efficacious will try his best to accomplish the task. The most widely accepted theory is known as expectance theory in which a person seems to think that if he performs better he will be rewarded for it and hence his performance is greatly affected due to this thinking. The manager told that motivating employees was one of the most important parts of any organization and special attention is given to make sure that the employees are motivated to the best level possible. The leader appreciated each and every employee individually