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This should also increase their level of efficiency as they will feel as if they are genuinely cared
about. The trade cycle is made up of 4 parts recovery, boom, recession, and slump. The needs at the
bottom are basic needs concerned with survival; these needs must be satisfied before someone can
move to the next level. Herzberg believed pay would not motivate employees. Dst2001 AQA GCSE
Economics Unit 11 Money Section 'in-class assessment' ? 2.00 ( 0 ) A comprehensive assessment of
student progress and understanding on all topics covered in the MONEY section of the AQA
specification. These are all big firms, so would benefit from Scales of Economy. As a result of this,
employees should feel more willing to work and feel more motivated and this should result in them
being more efficient. Basic pay is reviewed every year and extra performance rewards are given to
recognise individual achievement. But as many of the items are considered luxuries, such as
chocolate bars and other confectionary, they would most likely be price elastic, meaning that the
shops profits would drop. Its coverage of A Level Macro is very comprehensive. Valuable for
students after every Year 12 and 13 micro lesson. Marks and Spencer is a large organization and that
out of 30 people for 4 people to say were not motivated, this is a very small minority amount.
Commissioner, who were chosen from the nominees of the. The higher the need is in the pyramid, the
weaker and more distinctly human it is. If this is not sorted, other employees could listen to their
complaining and start feeling unmotivated. Overall converting the shop from a more conventional
newsagent to more of a convenience store. Once the papers are downloaded, you can answer each
question directly on the paper without printing. Maslow believed there were two versions of esteem
needs, one lower and one higher. The lower needs on the pyramid are basic and similar to those
possessed by animals, but only humans possess the higher needs. He claimed employees could be
bribed to move, they would. Barbie - Brand Strategy Presentation Barbie - Brand Strategy
Presentation Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well Introduction to
C Programming Language Introduction to C Programming Language The Pixar Way: 37 Quotes on
Developing and Maintaining a Creative Company (fr. This will inevitably end in the staff feeling
more motivated and working their hardest. Thornton believed for a person to successfully achieve
confidence they must actually accomplish their targets and achieve something. See other similar
resources ?0.00 4.90 33 reviews Download Save for later Not quite what you were looking for. I
would also recommend maintaining the Strengths that the shop has, such as the newspapers and
magazines, and possibly dropping the weaker lines, such as the children’s toys, currently offered for
the social benefit it offers mothers with children, but if the shop comes into financial difficulty, it will
need to make sure it is as profitable as possible. If it has fluctuated, what would you account with this
fluctuation. However if an employee is given confidence then they can face a highly challenging task
with the help of some coaching. The fact that there are members of staff who are unmotivated should
be taken into account and action should be taken. If it has fluctuated, what would you account with
this fluctuation. Despite its controversy, scientific management changed the way that work was done
and forms of it are continued to be used today.
This is a very good sign showing that Marks and Spencer is successful as making their employees
feel motivated as these feelings are key essentials to good performance. Overall converting the shop
from a more conventional newsagent to more of a convenience store. We can also see that the
majority of employees who answered the questionnaire said their pay was their largest motivating
factor. They must also continue to keep providing schemes and talks to keep the motivation of the
staff high. Includes guidance on stem keywords in exam questions as well as example questions for
students to tackle. This shows that Marks and Spencer have developed the image of a good work
atmosphere which is why so many people are constantly applying for jobs there. 17 people said that
this was not their first job, showing that although they have worked in other places they are now
choosing to work at Marks and Spencer. However Marks and Spencer should deal with this issue as
soon as possible as the dissatisfaction could easily spread amongst staff and will affect the way they
are working. The same principle applies to satisfaction, the opposite is no satisfaction. This need also
includes what people look for in a career. They also keep good relationships between all employees
including managers. Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look,
present. Valuable for students after every Year 12 and 13 micro lesson. Dst2001 AQA GCSE
Economics Unit 11 Money Section Lesson 6: Managing your money part one ? 2.00 ( 0 ) Lesson
resources covering the first topic in the MONEY section of Unit 11. Whilst people are working on
their targets they accumulate more knowledge and abilities which results in a more long lasting
realistic self confidence. The same principle applies to satisfaction, the opposite is no satisfaction. The
fact that they will be given bonuses due to the rising profits of the company will motivate them
further and encourage them to help build the company as they will also personally benefit. See other
similar resources ?0.00 4.90 33 reviews Download Save for later Not quite what you were looking
for. People get the need to feel safe within their environment; this refers to emotional and physical
safety. Overall converting the shop from a more conventional newsagent to more of a convenience
store. Their pay and reward system is set out to motivate those people who get motivated most with
pay. If the business wanted to expand, to get a mortgage to afford the expansion would be more
expensive then before the interest rate increases. They will also have more knowledge of other work
environments so will be able to compare their past experience of working to the conditions at Marks
and Spencer whilst answering the questionnaire. The atmosphere between the staff was actually
amazing and I loved working in such a laid back environment, because it was my first job I was quite
scared but everyone was so friendly I felt like I had been there for ages. Inflation is also rising, but
many peoples wages are Index linked (they increase in relation to inflation so this effect is limited).
They should talk to the staff and encourage them to talk about what they could do to help increase
there motivation, this will positively affect both the employee and Marks and Spencer. The fact that
staff are given money instead of a small gift is also more motivating and efficient as it will enable
them to buy what they want and will also result in wasted presents. During this people become
aware of the fullest potential human beings can achieve. I think Marks and Spencer will be more
successful at motivating their employees with their benefits as they have offered dental care instead
of life insurance, most people would prefer to go for dental care as it is expensive and people do not
like thinking about death. The motivation-hygiene theory was developed to explain these results, the
satisfying factors were called motivators and the dissatisfying factors were called hygiene. Includes
teacher PowerPoints with speaker notes, lesson activities etc.
Dst2001 AQA GCSE Economics Unit 11 Money Section Lesson 5: Choosing to Borrow Money ?
2.00 ( 0 ) Lesson resources covering the first topic in the MONEY section of Unit 11. DevGAMM
Conference Barbie - Brand Strategy Presentation Barbie - Brand Strategy Presentation Erica
Santiago Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well Good
Stuff Happens in 1:1 Meetings: Why you need them and how to do them well Saba Software
Introduction to C Programming Language Introduction to C Programming Language Simplilearn The
Pixar Way: 37 Quotes on Developing and Maintaining a Creative Company (fr. Since the fertility
and birth rates have increased, in 5-10years, when these babies grow up, they will form part of the
newsagent’s customer market for confectionary. However Marks and Spencer should deal with this
issue as soon as possible as the dissatisfaction could easily spread amongst staff and will affect the
way they are working. Valuable for students after every Year 12 and 13 micro lesson. We can also
see that the majority of employees who answered the questionnaire said their pay was their largest
motivating factor. This shows that Marks and Spencer have developed the image of a good work
atmosphere which is why so many people are constantly applying for jobs there. 17 people said that
this was not their first job, showing that although they have worked in other places they are now
choosing to work at Marks and Spencer. Dst2001 AQA GCSE Economics Unit 11 Money Section
Lesson 1: Personal Life Cycle ? 2.00 ( 0 ) Lesson resources covering the first topic in the MONEY
section of Unit 11. Another weakness is that if one member of staff is given a reward or bonus for
working hard, this could cause envy and demotivation for other members of staff as they could feel
ignored and uncared for. People show these needs through the desire to get married, to have a family
and be identified with a group. This is very motivating to the staff as they feel they are valued. This
is most likely due to spiralling house prices, due to the fact that interest rates have been so low
recently, that more and more people are taking out house loans. Complaints that Taylorism was
dehumanizing led to an investigation by the United States Congress. They include activities for all
ranges of abilities and cover each part of the AQA specification. The motivation-hygiene theory was
developed to explain these results, the satisfying factors were called motivators and the dissatisfying
factors were called hygiene. Unlocking the Power of ChatGPT and AI in Testing - A Real-World
Look, present. It also has a third line of business selling homewares such as bed linen, but this is far
smaller than the other two. But since the country is still using the Pound Stirling, this hasn’t affected
the Newsagent. Dst2001 AQA GCSE Economics Unit 11 Money Section 'in-class assessment' ? 2.00
( 0 ) A comprehensive assessment of student progress and understanding on all topics covered in the
MONEY section of the AQA specification. Coaching employees can help them understand how
their role effects the main stragedy and can enable them to make more accurate decisions, aswell as
feeling more involved. Includes a detailed marks scheme, as well as a version for those students
completing it on a computer. Overall converting the shop from a more conventional newsagent to
more of a convenience store. People start to crave the need for affectionate relationships such as a
partner, friends or even children. You can find full list of questions and tips at ExamQuestions.org.
The trade cycle is made up of 4 parts recovery, boom, recession, and slump. However if an employee
is given confidence then they can face a highly challenging task with the help of some coaching. The
fact that staff are given money instead of a small gift is also more motivating and efficient as it will
enable them to buy what they want and will also result in wasted presents. This is 5% more than
Marks and Spencer and should help the employee feel more valued and cared about. The core job
dimensions of skill variety, task identity, task significance, autonomy and feedback all were missing
from the picture of scientific management. During this people become aware of the fullest potential
human beings can achieve.
Basic pay is reviewed every year and extra performance rewards are given to recognise individual
achievement. This is very important as it allows the staff to feel comfortable and happy where they
work and results in them feeling motivated to achieve the best they can, either for the company or for
a bonus. This should also increase their level of efficiency as they will feel as if they are genuinely
cared about. I asked the shop owner about the percentage increase of sales of these items for the
months with interest rate changes, the sales defiantly increase for the months listed above, where
there is an interest rate increase, by small amounts (approximately 5-7%) compared to the months
with no interest rate increases, or an interest rate decrease. The use of stopwatches often was a
protested issue and led to a strike at one factory where “Taylorism” was being tested. This is a very
good sign showing that Marks and Spencer is successful as making their employees feel motivated
as these feelings are key essentials to good performance. But as many of the items are considered
luxuries, such as chocolate bars and other confectionary, they would most likely be price elastic,
meaning that the shops profits would drop. They were called hygiene factors as they were seen as
maintenance factors, they were necessary to avoid dissatisfaction however they would not achieve
satisfaction if avoided. They include activities for all ranges of abilities and cover each part of the
AQA specification. The fact that Marks and Spencer has such a wide range of positive schemes for
their employees encourages them to feel motivated. This is a better method as the manager will know
who has been putting in hard work and working to the best of their abilities. The negative points
shown by this question is that 4 employees felt that they were invisible, and 3 employees felt bullied
and taken advantage of. The higher need is the need for confidence, achievement, independence,
freedom, self-respect, mastery and competence. Staff are likely to feel even more motivated to work
hard and be able to gain some reward, especially in the form of discounted holidays. This means that
people with existing loans will be paying more per month to cover the higher rate of interest; this
means that they will have less disposable income which means that luxuries will have to be reduced,
also people will be encouraged to save their money in banks instead of spending it because they will
get a greater reward for saving, so in theory if interest rates rise the amount that people spend should
decrease. Valuable for students after every Year 12 and 13 micro lesson. However if an employee is
given confidence then they can face a highly challenging task with the help of some coaching. The
higher the need is in the pyramid, the weaker and more distinctly human it is. This should strongly
help to motivate staff as they are given the opportunity to enjoy a long term thing, with people
whose company they enjoy. Each level of need is dependent on the levels below. Thornton believed
for a person to successfully achieve confidence they must actually accomplish their targets and
achieve something. Write a review Update existing review Submit review Cancel It's good to leave
some feedback. However motivation is when somebody wants to do something. Although Marks and
Spencer has more Weaknesses than its rival, I think that their advantages are the relevant ones
needed to successfully motivate their employees. Regulations Commission, hereinafter referred to as
the. Also another reason of the recent rises in interest rates could be due to the trade cycle. Maslow
believed everyone had the same needs which can be organised into a hierarchy system. This will all
contribute to the employees feeling more motivated and enthusiastic as they work because they will
know that the harder they work the more they will be rewarded. The trade cycle is made up of 4
parts recovery, boom, recession, and slump. Dst2001 AQA GCSE Economics Unit 11 Money Section
Lesson 5: Choosing to Borrow Money ? 2.00 ( 0 ) Lesson resources covering the first topic in the
MONEY section of Unit 11.
The fact that the discount is for staff and their immediate family will also benefit Next as it is a way
of them securing customer loyalty. Herzberg believed pay would not motivate employees. The
majority of people answered that they felt valued, safe, loyal and taken care of at work which shows
Marks and Spencer are successful at looking after their employees and making them feel they have
an enjoyable and safe atmosphere to work in. They also include the need to keep a pH balance and
the right temperature. However Marks and Spencer should deal with this issue as soon as possible as
the dissatisfaction could easily spread amongst staff and will affect the way they are working. The
negative points shown by this question is that 4 employees felt that they were invisible, and 3
employees felt bullied and taken advantage of. If the business wanted to expand, to get a mortgage
to afford the expansion would be more expensive then before the interest rate increases. This is a
vital point to ensure that employees work efficiently, if they feel happy and motivated then they will
work better and be more productive. A monthly email subscription service providing bang up to date
classroom materials with exam-style questions and full mark schemes. The model is based on the
premise that leaders exist to guide individuals, who don’t always know what they can accomplish,
why they should accomplish it, or how to accomplish it. Their pay and reward system is set out to
motivate those people who get motivated most with pay. They must also continue to keep providing
schemes and talks to keep the motivation of the staff high. The Newsagent’s competition has stayed
reasonably the same, as the Newsagents manages to offer a “Connivance Factor” that the larger
supermarkets cannot offer. Maslow believed everyone had the same needs which can be organised
into a hierarchy system. A balance is highly important because without confidence a highly
challenging task will make the employee feel unmotivated and have low self esteem. Also when or if
the country takes the Euro as it’s currency, this will cause confusion in prices and cause demand
fluctuations. Write a review Update existing review Submit review Cancel It's good to leave some
feedback. They are also given an additional 20% discount card to give to either their partner or a
member of their family and there’s no limit on the amount of goods you can buy with discount. The
discount and benefits that are offered to the staff and their family will make the employees feel loyal
and cared about. The fact that such a low number of people are unhappy with their relationship with
other staff member is surprising in such a large organisation. A new assignment is a new challenge
and new skills are picked up. I would also recommend maintaining the Strengths that the shop has,
such as the newspapers and magazines, and possibly dropping the weaker lines, such as the children’s
toys, currently offered for the social benefit it offers mothers with children, but if the shop comes
into financial difficulty, it will need to make sure it is as profitable as possible. Despite its
controversy, scientific management changed the way that work was done and forms of it are
continued to be used today. The difference between the higher and lower needs is the higher form,
once achieved, is harder to lose. I created a questionnaire to take to the newsagents, and obtain
information about how the business has been affected, and how it has dealt with the effects. In his
answer he mentions diversifying into new markets such as DVD rental. If the fixed costs had
increased, then to account for the increase in the cost of each item, it would make sense to increase
the price of the item, to restore the profitability of the item. This will inevitably end in the staff
feeling more motivated and working their hardest. The atmosphere between the staff was actually
amazing and I loved working in such a laid back environment, because it was my first job I was quite
scared but everyone was so friendly I felt like I had been there for ages. See other similar resources
?0.00 5.00 1 review Download Save for later Not quite what you were looking for.
Their pay and reward system is set out to motivate those people who get motivated most with pay.
They were called hygiene factors as they were seen as maintenance factors, they were necessary to
avoid dissatisfaction however they would not achieve satisfaction if avoided. However motivation is
when somebody wants to do something. We can see that there profits leapt 28% and due to this staff
will be rewarded for their hard work. Barbie - Brand Strategy Presentation Barbie - Brand Strategy
Presentation Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well Introduction to
C Programming Language Introduction to C Programming Language The Pixar Way: 37 Quotes on
Developing and Maintaining a Creative Company (fr. The discount and benefits that are offered to
the staff and their family will make the employees feel loyal and cared about. However Next offer
their employees 25% and Marks and Spencer only offer 20%. The fact that Marks and Spencer has
such a wide range of positive schemes for their employees encourages them to feel motivated. If the
shop had had a mortgage or overdraft, then the varying interest rates would have increased the costs
of the shop. Needs are felt, and their intensity varies from one person to another and from time to
time, and so does the extent to which they are motivating. This means that people with existing loans
will be paying more per month to cover the higher rate of interest; this means that they will have less
disposable income which means that luxuries will have to be reduced, also people will be encouraged
to save their money in banks instead of spending it because they will get a greater reward for saving,
so in theory if interest rates rise the amount that people spend should decrease. However if the
manager has been trained and is motivated themselves then they will work in the interest of the
company. Staff are likely to feel even more motivated to work hard and be able to gain some reward,
especially in the form of discounted holidays. Write a review Update existing review Submit review
Cancel It's good to leave some feedback. Regulations Commission, hereinafter referred to as the.
The fact that they offer both good pay and good benefits is appealing and allows the staff to feel
relaxed but motivated to work to their best ability. Marks and Spencer is a large organization and
that out of 30 people for 4 people to say were not motivated, this is a very small minority amount.
Includes a detailed marks scheme, as well as a version for those students completing it on a
computer. The use of stopwatches often was a protested issue and led to a strike at one factory
where “Taylorism” was being tested. As well as the increased staff costs, increases in external
influences may have an indirect affect on the business, for instance, if the shops supplier has a
mortgage, then their monthly costs have increased, therefore they will need to increase their revenue
in order to compensate for this, which means increased stock costs for the shop. Economics
Coursework: The Price Mechanism - House prices. Things like that really help people to work hard, I
always tried to work hard because my manager was on really good terms with me and I didn’t want
to let her down. Includes teacher PowerPoints with speaker notes, lesson activities etc. The
Newsagent’s competition has stayed reasonably the same, as the Newsagents manages to offer a
“Connivance Factor” that the larger supermarkets cannot offer. Also when or if the country takes the
Euro as it’s currency, this will cause confusion in prices and cause demand fluctuations. If the fixed
costs had increased, then to account for the increase in the cost of each item, it would make sense to
increase the price of the item, to restore the profitability of the item. DevGAMM Conference Barbie
- Brand Strategy Presentation Barbie - Brand Strategy Presentation Erica Santiago Good Stuff
Happens in 1:1 Meetings: Why you need them and how to do them well Good Stuff Happens in 1:1
Meetings: Why you need them and how to do them well Saba Software Introduction to C
Programming Language Introduction to C Programming Language Simplilearn The Pixar Way: 37
Quotes on Developing and Maintaining a Creative Company (fr. Includes teacher PowerPoints with
speaker notes, lesson activities etc. I would also recommend maintaining the Strengths that the shop
has, such as the newspapers and magazines, and possibly dropping the weaker lines, such as the
children’s toys, currently offered for the social benefit it offers mothers with children, but if the shop
comes into financial difficulty, it will need to make sure it is as profitable as possible. Marks and
Spencer should sort this out as dissatisfaction about their treatment could result in workers being
unmotivated, underperforming and being inefficient.
The atmosphere between the staff was actually amazing and I loved working in such a laid back
environment, because it was my first job I was quite scared but everyone was so friendly I felt like I
had been there for ages. Valuable for students after every Year 12 and 13 micro lesson. Herzberg
believed pay would not motivate employees. The fact that such a low number of people are unhappy
with their relationship with other staff member is surprising in such a large organisation. The fact that
they will be given bonuses due to the rising profits of the company will motivate them further and
encourage them to help build the company as they will also personally benefit. I created a
questionnaire to take to the newsagents, and obtain information about how the business has been
affected, and how it has dealt with the effects. Although these are two different things it shows that
companies have seen the importance of offering company benefits to employees as it motivates them
and shows that the company is a pleasant and caring environment to work in. However some people
will not find pay or benefits motivating and may need other factors to feel motivated. Also another
reason of the recent rises in interest rates could be due to the trade cycle. Due to this the leaders can
provide confidence, coaching and challenge. The lower the need is in the pyramid, the more
powerful it is. Marks and Spencer have recognised that there are people who need other things to be
motivated and therefore they give praise, recognition and rewards for their employees achievements.
They should talk to the staff and encourage them to talk about what they could do to help increase
there motivation, this will positively affect both the employee and Marks and Spencer. Whilst people
are working on their targets they accumulate more knowledge and abilities which results in a more
long lasting realistic self confidence. Due to the increase of housing, there is going to be an increase
in local population, as well as a larger customer base for the Newsagents as there are more people
living nearby. In this section a need for structure, for order and some limits are also included. This
shows that Marks and Spencer staff are given responsibility, recognition, have good working
conditions, have set good relationships between employees and have a very good salary.
Commissioner, who were chosen from the nominees of the. This need also includes what people look
for in a career. The fact that staff are given money instead of a small gift is also more motivating and
efficient as it will enable them to buy what they want and will also result in wasted presents.
Surprisingly as various conditions were manipulated each change increased the productivity of
workers, including the eventual change back to normal conditions. The negative points shown by this
question is that 4 employees felt that they were invisible, and 3 employees felt bullied and taken
advantage of. This shows that there are a low number of employees who are having a bad time at
work and this should be sorted out as soon as possible. After looking at all the data and evidence
here, I can conclude that Marks and Spencer are successful at motivating their employees. Due to
human nature most employees don’t want to leave their comfort zone and be given high goals,
which they aren’t sure they can achieve. Due to their lack of confidence the challenge will seem even
more difficult, therefore one of the main responsibilities of a leader is to build their employees
confidence so they can work to their full potential and achieve their challenging targets. Overall
converting the shop from a more conventional newsagent to more of a convenience store. A person
will become increasingly interested in finding safe circumstances, predictability and protection. The
model is based on the premise that leaders exist to guide individuals, who don’t always know what
they can accomplish, why they should accomplish it, or how to accomplish it. People get the need to
feel safe within their environment; this refers to emotional and physical safety.