StudentShare solutions
Triangle menu

Mackinsey and Company - Essay Example

Not dowloaded yet

Extract of sample
Mackinsey and Company

The challenge is that it is extremely difficult for modern leader-managers to motivate and inspire employees, analyze their needs and meet these needs. Lack of leadership and management skills may lead to a failure, low productivity and poor organizational performance. In modern environment, the main challenge is that leader-manager deals with culturally and economically diverse workforce, so he/she should be well aware of motivational theories and their practical application. Combs (2002) pays a special attention to leadership challenges and motivational problems typical for modern organizations. Motivation is one of the main factors which influence productivity and morale, feelings and human relations in the workplace. There are different theories of motivation which try to explain human needs and intentions, intrinsic and extrinsic drivers. People with a high degree of achievement motivation are more persistent, realistic, and action-minded than people with other kinds of motivational patterns.
Silva (2005), Schultz (2003) and Meuse and Claire (2007) show that motivation has changed influenced by external and internal stimuli.This does not necessarily make them more productive; that seems to depend on whether the task requires some degree of personal initiative or inventiveness. If it does, the achievement-motivated person is very likely to leave his competitors far behind. A great deal can be learned from the cultural environment if attention is paid to complaints, compliments, surveys, and other opinions of employees and patterns of service demand. Finally, among the factors to be considered as part of the internal organizational environment are the structure of an organization, its history, its distinctive strengths and weaknesses, changes in its values, and its culture.
Kiel (1999) and Barak (2000) examine and analyze Mallow's hierarchy of needs and motivation principles. Once basic needs for food, clothing, and shelter are satisfied, he wants friends and to get folksy and group. Once these needs for belonging are satisfied, he wants recognition and respect from his fellowmen and he wants to achieve independence and competence for himself. One approach, widely known by managers, is set out by Abraham H. Maslow in his book "Motivation and Personality". Maslow's theory of motivation claims that human motives develop in sequence according to five levels of needs. These needs are: psychological (hunger, thirst), safety (protection), social (be accepted, belong to a certain group), esteem (self-confidence, achievements, respect, status, recognition), and self-actualization (realizing one's potential for continued self-development). This theory show that needs follow in sequence and when one need is satisfied it decreases in strength and the higher need then dominates behavior. This leads to the statement that a satisfied need is not a motivator. There is a doubt whether this really applies in practice to the higher needs as it is likely that self-esteem requires continues stimulation and renewal. Few attempts have been made to test the validity of Maslow's ideas. A big problem is that Bill does not satisfy higher-order needs through their jobs or occupations, and this cannot really be tested. Another point is that he viewed satisfaction as a major motivator and this is not directly related to ...Show more

Summary

The main problem of McKinsey is diversity and motivation problems caused by international environment and new workplace relations. New relations and tasks can reduce motivation and threaten project outcomes. In order to improve and prevent these problems, management should motivate and inspire employees coming from different backgrounds.
Author : johnathonwittin
Mackinsey and Company essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Mackinsey and Company"
with a personal 20% discount.
Grab the best paper

Related Essays

Company Law
He wishes to makes shoes for departmental stores and this will probably require him to get new premises and hire more staff. John wishes to reorganize his shoe business. He would also want to know the legal formalities that would need to be followed when reorganizing the business.
12 pages (3000 words) Essay
Company Law
A special committee will look into the various issues of the tasks assigned to it and will come to a conclusion. In the case of a remuneration committee, the committee will look into the various recommendations made for employees and director’s remuneration and will make an independent analysis of the proposals and will finally will make its recommendation to the main board.
5 pages (1250 words) Essay
HR COMPANY
The human resources department of a company is a critical part of the company. Companies with strong human resources practices are most likely to succeed as compared to those with weak human resources practices. This is because human resource management is the source of company success and increased performance level.
4 pages (1000 words) Essay
Company Promoter
The term promoter is not defined in the Companies Act and the judges have shown little inclination towards formulating an all-embracing definition. However, in Twycross v Grants1, Cockburn CJ went so far to state that a promoter is one who undertakes to form a company with reference to a given project, and to set it going, and who takes the necessary steps to accomplish their purpose2.
9 pages (2250 words) Essay
Company Summary
The company is run by a group of ten members of board of directors who are elected every year in the annual shareholder’s meeting. The
2 pages (500 words) Essay
Company Performance
Thus, it is calculated as, The current ratio for the company is 3.51 in comparison to the industry’s 1.97. This means the company is performing relatively well in comparison to their competitors in the industry who have lower
5 pages (1250 words) Essay
Company
One of the elements that are essential to Spyder Active Sports is international trade regulations in markets. Some markets have restricted trade with some countries and importation and exportation of some types of commodities and
1 pages (250 words) Essay
Company
TiVo DVR also offers a wide range of features such as television and show downloads, advanced search, personal photo viewing, music
2 pages (500 words) Essay
Company
This essay will attempt to provide findings on the best approaches to rebranding AsiaTravel.com without changing its logo and how the marketers would help in marketing the brand. As seen in the research conducted by Roll (2005) and Sengupta
3 pages (750 words) Essay
Riordan Company
A good mode of transportation ensures that there is efficiency and responsiveness, which are the most vital elements in business. However, being that the products are transported between different places and different stages within the
1 pages (250 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation