Answered: What is the impact of motivation…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

What is the impact of motivation theories on the formulation of workplace strategies and policies that are crucial for the survival of organizations.

Expert Solution

Step 1: The Impact of Motivation Theories on Workplace Strategies and Policies

Motivation theories offer invaluable insights into human behavior and have a far-reaching impact on the formulation of workplace strategies and policies. These theories help organizations understand what drives employees, thereby enabling the creation of a conducive work environment. By implementing motivation theories in the workplace, organizations can boost productivity, improve employee satisfaction, and ensure long-term viability. Below are some key areas where motivation theories impact workplace strategies and policies: