14. Analyse two possible benefits to a business of managers adopting McGregor’s Theory Y approach. [5]

[Sir Aqeel]

Q14. Analyse two possible benefits to a business of managers adopting McGregor’s Theory Y approach. [5]

Possible Structure

[KN]
[AN]

[AN+]
[AN+]
[AN+]

[Shanze Arsalan]

THE FORMAT FOR ANSWER HERE IS WORNG....IT SHOULD BE THE FOLLOWING:

KN: Sense of responsibility
AN: Better focus
AN+: Lesser errors

KN: Employees get more engaged into their work tasks as they feel like an important part of the organization
AN: Engagement leads to better collaboration in which they share innovative and creative ideas.
AN+: More innovations being brought into business helps business in introducing better cost effective ways of working in the business or introducing new products which help in attracting consumers thus increasing revenue generation of business.

==== Moderator Comment ====
@Shanze Arsalan When the question says "two" it means we have to give 2 KN points. For 4 Marks KN & AN, for 6 Marks KN, AN & AN+

[Hamnah Naz]

[KN] Employees are self-motivated and enjoy the challenge of work. [AN] Managers with this assumption have a more collaborative relationship with their workers. [AN+] This may motivate the employees in theory Y by allowing them to work on their own initiative, giving them responsibility, and encouraging them to make decisions. This in the long run may enhance effectiveness of the business in a competitive market.

[KN] Flexible labour force. [AN] Workers in Theory Y being exposed to challenges and opportunities to deal with the problems themselves enhances their abilities. [AN+] This may be through delegation of tasks and employees may have greater potential to be flexible. This reduces recruitment costs of business as workers are able to multitask.

[Malik Adeesa]

[KN]: Managers with theory Y approach motivate employees by allowing them to work on their own initiative, giving them responsibility and empowering them to make decisions.
[AN]: employees become flexible and enjoy their jobs
[AN+]: job satisfaction and reduced labour turnover
[KN]: employees are self-motivated and enjoy challenging tasks
[AN]: cost and time on motivation of employees saved
[AN+]: effectiveness in production

[Hania Asad]

def: McGregor considered that managers who hold Theory Y views believe that workers enjoy work. These managers think workers find work as natural as rest or play. They think workers are prepared to accept responsibility, be creative, and take an active part in contributing ideas and solutions to work-related problems.

kn: increase in motivation
an: if managers allow employees to have more responsibilities, their esteem needs will be fulfilled, leading to higher motivation
an+: if employees are motivated, they will be more productive

kn: employees are motivated through non-financial methods
an: theory Y managers use non-financial methods such as job rotation to motivate employees, therefore, the business does not need to spend o bonuses, commissions etc
an+: this saves costs, allowing the business to spend money elsewhere.

[zeemal rashid]

[KN]: it shows how to manages the employees
[AN]; thus, the Theory X people are dealt with autocracy and Theory Y people follow democracy
[AN+]: therefore, the employees are satisfied with their managers

[KN]: managers know how to motivate the employees
[AN]: democratic employees' esteem needs are fulfilled and the autocratic employees build confidence in the efficient decisions of the managers
[AN+]: improving the work efficiency of both the employee groups and increasing the business' brand image and revenue

[Zubiah gull]

[Kn]it tells managers how to manage employees through planning and organizing.
[AN]planning tells managers how to set goals for employees.
[An+]therefore it reduces time wasted of employees searching for goals.

[Kn]it increases motivation of employees.
[An]this makes them do their efforts in a best way to achieve business objectives.
[An+]it reduces labor turnover and increases productivity.

[Aleezay Naseem]

KN: gives employees a sense of responsibility
AN: theory y approach encourages employees to achieve their sales target
AN+: this increases employee motivation and efficiency which leads to improved customer services

KN: allows employees to pitch in innovative ideas which benefits business
AN: employees express their creativity and improve their skills
AN+ business can maximize productivity and quality by improving and innovating