Classical Theories of Motivation
February 12, 2025
Collateralized debt obligations (CDOs) are a very important and popular type of credit derivative. With the growth in structured finance, the origination and trading of collateralized debt obligations (CDOs) has seen a massive uptick. Their demand has increased multifold and as a result, newer products such as synthetic collateralized debt obligations (CDOs) are also being […]
Leadership in the Face of Adversity The best leaders are those who can face adversity and turnaround their companies from times of trouble to positions of strength. Throughout history, the leaders who were feted and achieved fame are those who took charge during times of crisis and managed to actualize victory. Similarly, in recent decades, […]
How Successive Waves of Technological Change Led to Better Career Related Decisions With each iteration of technological change, decision making, whether professional or personal or business related and governmental policy related, gets better and more efficient. This is because decision making in any context thrives on information and when information and better data are available […]
Rensis Likert and his associates studied the patterns and styles of managers for three decades at the University of Michigan, USA, and identified a four-fold model of management systems. The model was developed on the basis of a questionnaire administered to managers in over 200 organizations and research into the performance characteristics of different types […]
With the help of our senses we are able to make sense of the world we live in. The study of sensation or senses is crucial from the point of view of psychology as because of it consciousness is possible. Let us understand the role played by different sense organs in the process of sensation. […]
David McClelland and his associates proposed McClelland’s theory of Needs/Achievement Motivation Theory.
This theory states that human behaviour is affected by three needs:
Need for power is the desire to influence other individual’s behaviour as per your wish. In other words, it is the desire to have control over others and to be influential.
Need for achievement is the urge to excel, to accomplish in relation to a set of standards, to struggle to achieve success.
Need for affiliation is a need for open and sociable interpersonal relationships. In other words, it is a desire for relationship based on co-operation and mutual understanding.
Such individuals try to get satisfaction in performing things better. High achievement is directly related to high performance.
Individuals who are better and above average performers are highly motivated. They assume responsibility for solving the problems at work. McClelland called such individuals as gamblers as they set challenging targets for themselves and they take deliberate risk to achieve those set targets.
Such individuals look for innovative ways of performing job. They perceive achievement of goals as a reward, and value it more than a financial reward.
Such individuals are motivated by the need for reputation and self-esteem.
Individuals with greater power and authority will perform better than those possessing less power.
Generally, managers with high need for power turn out to be more efficient and successful managers. They are more determined and loyal to the organization they work for.
Need for power should not always be taken negatively. It can be viewed as the need to have a positive effect on the organization and to support the organization in achieving it’s goals.
The manager’s ability to make decisions is hampered if they have a high affiliation need as they prefer to be accepted and liked by others, and this weakens their objectivity.
Individuals having high affiliation needs prefer working in an environment providing greater personal interaction.
Such people have a need to be on the good books of all. They generally cannot be good leaders.
Your email address will not be published. Required fields are marked *