Summary

Taylor says that people are motivated by money – scientific management

Maslow developed hierarchy of needs that need to be fulfilled

Herzberg – 2 factor theory hygiene factors and motivators

Mayo – non monetary motivation

Non monetary motivation includes job enrichment, job enlargement, empowerment and team working

People are also motivated by money, this can be the form of salaries / wages, performance related or can take the form of fringe benefits, profit share and shares

An Authoritarian manager makes all decisions

A Paternalistic manager makes decisions with the agreement of workers

A Democratic manager runs a business on majority decisions

McGregor’s Theory X and Theory Y – Theory X = monetary motivation, Theory Y = non monetary motivation