This leaves the rest of us to deal with it.
And of course, we will all have our own ways of dealing with it. While some companies may try to increase their productivity, others will instead take cost-cutting measures to stay ahead. In the worst case, they could be forced to release workers from their contracts, as sometimes happens in smaller companies. Whatever the case, it is clear that companies, aware of the crisis currently upon us, are doing what they can to adapt.
However, it can happen that the biggest obstacles and issues facing these companies are those that are internal. Whether it be poor management, outdated policies and practices, amotivated or worse, incompetent employees, such issues are just as, if not more important than external ones. Since companies are adapting to the financial crisis, those who comprise it must be ready to be flexible as well. Such could be the difference between weathering the storm and declaring bankruptcy.
This paper, then, aims to enumerate and discuss one of the most prevalent organizational issues present in light of the recession: motivation. Specifically, its causes, symptoms, and resulting problems will be looked at. Tips from notable figures on how to solve the problem of demotivation will also be discussed. Hopefully, from there, a concrete, general solution can then be proposed.
According to Nathan Jamail (2008), leaders are hard-pressed to keep their subordinates motivated despite knowing that motivation is a key element in achieving success. This is an important point even in the best of conditions, but just as important – if not moreso - now that the financial crisis is at hand – sadly, some fail to realize it due to the failing economy taking precedence. With leaders worrying about the economy, the more immediate problem of motivation (or lack of it) goes unchecked.