Ethics in Business: A Case Study

Essay text:

Maintainers are factors that must be kept at a satisfactory level and include the following: Working conditions Company policies Job security Pay and benefits Relationships Supervision Status True motivators are factors that create an inner desire to work by satisfying certain needs that are important to the individual such as Achievement Recognition The job itself Responsibility Advancement Growth Goal Setting Theory Goal-setting theory, developed by Edwin A. Locke and Gary Latham, is the most thoroughly validated motivation theory in the field of management. Here's what goal setting researchers have discovered: * People accomplish more when they're trying for performance goals which are both difficult (challenging, even impossible) and specific (clear) than when they're trying for any other type of goal (such as "do your best" or "work hard") * Goals are most likely to be attained when people are strongly committed to the goals and are given feedback showing their progress in relation to the goals * People are most likely to set high goals and be committed to them when they have high self-efficacy (task-specific self-confidence) * Goals regulate action directly by affecting what people pay attention to, how hard they work, and how long they work * Goals affect action indirectly by motivating people to discover and utilize task strategies which will facilitate goal achievement * Incentives must not discourage risk-taking, such as trying for nearly impossible goals Setting Goals to Get Innovation Goal setting can serve a critical role in stimulating innovation because goals help to keep creative people challenged, keep them on the right path, and provide a sense of purpose -- which, together, should stimulate creativity...