the three most important things

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The Three Most Important Things Name: Instructor: Abstract This paper looks into the important lesson which I have learned from the study of chapter eight on the various theories of motivation. The understanding of motivation theories is important not only to the managers in carrying their duties but also to the learners. To understand the importance of studying motivation it is essential to look at the various theories of motivation. The major theories of motivation are the hierarchy of needs theory, the two-factor theory, expectancy theory, and the goal theory among others. Firms are started with the aim of maximizing shareholders’ wealth. The business owners hire managers who run the businesses on their behalf. The managers are responsible for the day to day running of the business. Managers communicate the company objectives to the employees and direct them towards their achievement. For the employees to achieve the goals set by the organization they need to be motivated. It is the duty of the farm manager to motivate his/her employees. Motivation is the act of stimulating employees to act in a manner which will result in achievement of organizational goals. The Three Most Important Things From the study of employee motivation, various lessons can be drawn. The firm manager understands best how to align with the organization’s interest with those of the employees. Motivation arises from intrinsic and extrinsic factors. Intrinsic factors are internal factors to the employee and include issues such as fear of failure and need to excel among others. The Maslow's hierarchy of needs is a theory illustrating levels of priorities of needs of an individual. The

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