IGCSE, A Level Business Student Forum

KN:Taylor’s theory assumes workers are motivated by financial incentives such as a piece rate system where pay is directly linked to individual output.
APP:forexample a factory worker earns more if they produce more units per day.
AN:this encourages employees to work harder and increase productivity ...

KN: Higher productivity means producing more units per unit of input.
APP:forexample a car factory that produces more vehicles with the same amount of labor and materials reduces the average cost per car.
AN:this allows the business to offer competitive prices compared to rivals.
AN+:as a result the ...

KN:providing good social facilities such as a staff lounge or sports area helps employees meet their social needs for friendship and teamwork.
APP:forexample workers in a factory who can relax and interact in a common room during breaks may build stronger relationships.
AN:this creates a sense of ...

KN:job satisfaction comes from the positive feelings an employee has about doing their job while job security comes from the assurance that the employee will not lose their job.
APP:forexample a teacher may feel job satisfaction when students perform well but job security when their contract is ...

KN:high labour turnover means the business must frequently recruit and train new employees
APP:forexample a hotel that loses many receptionists will need to spend money on advertising vacancies and training replacements.
AN:this increases business costs and reduces profitability especially if ...

KN: a wellmotivated workforce is likely to work harder and more efficiently.
APP:forexample in a clothing factory motivated workers may produce more garments each day.
AN:this increases the overall output of the business without needing more workers or equipment.
AN+:As a result the business’s costs ...

KN: People may choose to work to meet new people and make friends(socializing)
APP: for example an employee in an office might enjoy working with colleagues and being part of a team.
AN: this social interaction helps reduce loneliness and makes work more enjoyable.
AN+:as a result the employee may ...

factors that stimulate people to take actions leading to achiving a goal