Impact Of Employee Motivation For Developing Businesses Assignment Sample

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Section 1|: Research Introduction

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1.1 Background of the research

The success of a company is highly dependent on the motivation of its personnel. It is the everyday degree of involvement, enthusiasm, and vigour displayed by a company's personnel (Manganelli et al., 2017). Businesses would lose productivity and output if this were not the case, and the firm would be less likely to meet its goals. When a company's staff is dedicated to excellent quality, a useful experiment in the industry, and a plan for employee appreciation, it is a successful business endeavour. In today's workplace, employees are just as adamant about staying with a firm despite low morale as they are about asking for more money. It is possible to develop and retain a competitive edge through empowering the employees. Employees and teams benefit from a quality-focused culture because it encourages them to evaluate, adapt, and streamline their plans in order to achieve success and high-quality outcomes. Small businesses, in particular, need to keep their employees engaged and appreciative in order to grow and succeed.

1.2 Research Rationale

The study focusses on the “importance of employee motivation” for the growth of small businesses in India. As a result of this study, the importance of employee motivation is emphasized and the many approaches of inspiring workers that contribute to small-business growth and development are examined in more detail. The researcher will gather data and information on the selected subject utilising a combination of methods, ensuring the study's authenticity and legitimacy in the process (Lee and Oh, 2020). Small businesses in India might use this subject to find the methods that motivate their employees.

Section 2: Research Aim 

2.1 Aims and objectives

The overall aim of this study is to examine “the influence of employee motivation on the growth of small, competitive marketplaces in India”. The following are the objectives of the study:

• To determine the importance of employee motivation in small Indian enterprises that are competitive
• To determine the relative value of various motivation theories
• To demonstrate the value of highly driven individuals inside an organisation.
• To investigate the effect that employee motivation has on performance.

2.2 Research Questions

The research questions are developed in accordance with the study's goals. The following are the research questions:

1. How important is employee motivation for small, competitive Indian businesses?
2. What are the advantages of incorporating motivation theories into organisational practise?

III. What are the business advantages of highly motivated employees?

1. How well does employee motivation affect small business performance?

Section 3: Literature Review 

3.1 Significance and of employee motivation in small Indian firms

According to Dey (2018), a firm's survival and development are highly dependent on the performance of its personnel. Additionally, an employee's success is contingent upon two key criteria. This demonstrates his capacity for and desire to work. The first factor is determined by the employee's level of education, ability, and experience. However, if there are restrictions, more training will help to overcome them. A motivated staff is critical for productive work and optimum efficiency, and therefore for the business to fulfil its objectives (Lorincová et al., 2019). To be really successful, a company decision must be translated into a relevant policy. For small businesses, the management philosophy should also include the concepts and motivating concept.

A major component of an employee assessment is evaluating if the person is meeting his or her performance requirements. To be successful company owners, managers must monitor and inspire a large number of employees and workers. Labour force management is a key aspect of the leadership process. It will be to recognise the connection between the human aspect and the organisation, to realise the critical role of people in the company. As a result of India's current economic and job market conditions, where labour supply exceeds demand, certain organisations lack employee motivating methods. To stay ahead of the competition and accelerate development, small businesses should use motivational approaches (Lorincová et al., 2019). Employee motivation clearly benefits not just individual workers, but also the whole organization's performance and production.

3.2 Motivational Theories

3.3.1 Maslow’s Hierarchy of Needs

For motivational purposes, there is "Maslow's Hierarchy of Needs," which is a five-tiered model that is typically characterised as a pyramid of hierarchy, according to the study of Hopper, (2020) " Physiological, safety, esteem, love, and self-actualization" are the requirements that rise in priority from the most basic to the most complex. For example, individuals are encouraged to satisfy their wants, but only a handful of those demands take priority over others. First and foremost, the desire for bodily survival drives the activities (Carducci, 2020). As soon as this level is achieved, they will be inspired by the following one and so on. With an external attitude, firms and managers benefit most by expressing true compassion, engagement and compassion while also designing, disseminating and demonstrating basic standards and processes that seek opportunity. This is what Maslow's model suggests. In order to better understand the physiological, safety, relationship, and respect requirements of these stakeholders, employers must create a work environment that values and supports their workers' quest for greatness.

3.3.2 McClelland’s Need Achievement Theory

According to the "McClelland's need for performance" idea, some individuals are successful by chasing "personal performance rather than self-rewards." Despite the challenges they confront, many leaders are extraordinarily successful because they define and achieve clear objectives. This principle may readily be implemented in academic settings (Jaquays and Thompson, 2018). In some ways, Alderfer's ERG theory is similar to Maslow's "ladder of requirements," but it focuses on just three areas: interpersonal connections (esteem/social necessity), personal growth and development (self-actualization), and physical safety.

3.3 Benefits of highly motivated working culture

An organization's ability to retain and improve its staff while also increasing productivity and overall service are just a few of the factors cited by Yun et al., (2020) as contributing to its employees' motivation. Employees are likely to have fewer days off owing to illness or other reasons. Motivated employees are much more likely to put in the effort than those who are averse to it. Low employee turnover is a result of a positive work environment. This is essential for organizations, since it lowers the cost of recruiting and provides valuable experience to workers who stay with the firm. Additionally, less planning is required. As a consequence, managers and workers enjoy better interactions as a result. In addition, workers are more willing to accept organisational changes and there are less problems in the workplace to this end.

People working for companies that adopt motivational strategies tend to be more conscientious and efficient. Because of this, workers' productivity went up, which in turn led to a bigger profit for the employees (Jaworski et al., 2018). Motivated personnel are more inclined to perform at a higher level and put in more effort to provide superior goods. Service workers are far more tend to be more self and provide excellent customer service than those in other professions. Motivation inside the workplace has been shown to have a positive impact on employee productivity, as well as the overall success of an organisation. The reputation of a company is enhanced and staff turnover is reduced when workers are motivated.

3.4 Effect of Motivation for employee productivity

According to Lorincová et al., (2019), motivated employees are much more active than disinterested employees. Many firms make some effort to motivate their workers, but doing so is seldom as simple as saying the words. When it comes to motivating workers, this is a well truth that they all have distinct.