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Role of Money as a Motivator

Date Submitted: 09/10/2006 01:46:44
Category: / Business & Economy / Marketing and Advertising
Length: 8 pages (2218 words)
Introduction Motivation is defined as a process which account for a person's intensity, direction, and persistence of effort toward attaining a goal. (S Robins, 2004) As an extrinsic rewards and one of the well known motivational techniques, money is proved to be a well-accepted motivator for a long history. It is normally reflected in pay rise, bonus or share option. It is an effective motivator but not in all cases. Drawing from some of the famous …
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…Directors? Corporate Governance, Volume 12, Number 4, Oct 2004. Blackwell Publishing Limited. 6.<Tab/>Carl F. Fey (2002). Opening the Black Box of Motivation: A Cross-culture Comparison of Sweden and Russia. April, 2002. 7.<Tab/>Liu Shan Shan (2004). Taiwanese Companies at the Bottom of Employer Popularity List. China Youth Online. May 12, 2004. http://education.163.com/edu2004/editor_2004/job/040512/040512_137229.html 8.<Tab/>A. Maslow (1954). Motivation and Personality (New York: Harper & Row)
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