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Motivational Theory in Practice at Tesco

In: Business and Management

Submitted By Hildemennens
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Tesco 1. Describe what is meant by motivation. What types of non-financial reward might a company use to motivate employees?
Motivation may stem from personal interest such as keeping safe or from external factors such as praise and reward.
Non-financial rewards: * appreciation of hard work * a sense of achievement * responsibility and empowerment * opportunity for advancement * a sense of challenge and enjoyment. 2. Describe the effects of an unmotivated workforce on a company. How does Tesco benefit from ensuring that its workforce is motivated?
An unmotivated workforce will be dissatisfied with its role in the work environment. This can negatively affect both the quality of the work as well as how efficiently employees carry out their jobs.
Tesco supports staff with a work/life balance and offers reward through: * flexible working * free or reduced rate health benefits * discount gym membership * competitive salaries * staff discount * company share options. 3. Why is Taylor’s theory not relevant to companies and employees in the 21st century?

4. Evaluate the four motivational theories in the study, demonstrating how each relates to Tesco.

Barclays 1. Set out the differences between sole traders, partnerships and limited companies. What are the benefits of each type of ownership? What are the drawbacks? 2. What are the main budget factors that a new business should take into consideration? What factors would Tim O’Neill, the founder of T&T Vision, have considered? 3. What are the key sources of finance for business start-ups? Suggest an idea that could turn into a business proposition. How would it be possible to finance the new business? 4. Based on the idea produced in answer to question 3, what are the main difficulties that might arise in trying to establish a new business?

Building societies 1. Name three types of organisation and describe one advantage for each type. 2. Explain the difference between a shareholder and a stakeholder. 3. How does a mutual organisation differ from a public limited company? 4. Evaluate the benefits a mutual organisation provides to its customers.

Shell 1. Using a diagram, illustrate the main internal and external stakeholders in Shell. Set these out in a chart that can be displayed on the classroom wall. 2. Choose two groups of stakeholders and then describe ways in which Shell meets the needs of these two groups. 3. Why does Shell find out about the views of Interest groups and pressure groups? How can this information help Shell to make better decisions? 4. Evaluate if it is possible for a business to meet the needs of shareholders, customers, employees, suppliers and society at the same time. How can a balance of interests be achieved?

Kellogs 1. Name the three sectors of the supply chain. On what occasions could certain sections of the primary sector operate as retailers? 2. Give three examples of how Kellogg’s demonstrates good supply chain management. How can Kellogg’s make improvements both for its business and for the environment? 3. Why is it important for Kellogg’s to build good relationships with businesses in the tertiary sector? 4. Evaluate the benefits of large manufacturers like Kellogg’s handing over the logistical side of their business to specialist companies like TDG.

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