B321 Tma 02
1834 words 8 pagesQuestion 1
Simons (1999, pg 768) describes intrinsic motivation as “desire to engage in behaviours or actions in anticipation of internally- generated rewards such as personal feelings of accomplishment” and extrinsic motivation Simons describes as (1999, pg 766) “desire to engage in behaviours or actions in anticipation of tangible rewards, such as money or promotion”. Extrinsic motivation is created by financial incentives. An incentive as Simons (1999, 767) describes as being “a reward or payment that is used to motivate performance.
The two types of motivation mentioned above can be used to design a rewards package for the product centre managers. First I will discuss intrinsic motivation; this type of motivation is …show more content…
Moreover, I would also recommend the business owners to draw up perhaps a mission statement or a statement of purpose and distribute it to each manager, so they know the objective and purpose of the business. Overall, the owners have turned the business around and should carry on as they have done so.
In the article by Jones, T. C. and Dugdale, D. (1994), most of the interviewees agreed, net present value is superior to payback. I will summarise the views of the five interviewees below.
Adam a lecturer was one those that thought that NPV is better than PB. Adam does however think that payback, in Jones, T. C. and Dugdale, D. (1994) “works fine for simple, straightforward projects”, but does say how useless it is and NPV gives the right answer and considers time value for money. He also thinks that NPV has no disadvantage whatsoever. He also goes on to say that calculating NPV is easy because of the use of computers. His academic group also agree with him that NPV is superior.
Frank chief accountant was one of those interviewed who was against NPV and suspicious of it, describing it as “dangerous” Jones, T. C. and Dugdale, D. (1994). He has been using PB for many years and says it is simple to use and NPV is complicated, time consuming and “conveys spurious accuracy” Jones, T. C. and Dugdale, D. (1994). He also says