* Theory X and Y
* Herzberg’s Two Factor Theory
* McClelland’s Trio of needs
* Equity Theory
* Expectancy Theory
* Skinner’s Behavior Modification Theory
Maslow’s Hierarchy of Needs: Maslow’s Theory tells us that people are motivated by the lowest unsatisfied need. The various needs Maslow outlines are physiological needs, safety needs, social needs, esteem needs and self-actualization needs. Money can satisfy a lot of needs in this hierarchy. Personally, I am driven by self-actualization needs and self-esteem needs as these two are needs which cannot be met even with money. Self-actualization is basically the need to grow as an individual and to use skills and abilities to realize my maximum potential. I am constantly motivated by the fact that I want to grow more than what I am at present. I am motivated by my self-esteem need as I want people to appreciate me for my work and be a valued member of the organization. As a manager, I would implement this theory to motivate my employees by finding out their unsatisfied needs, and providing measures to satisfy that need.
Theory X and Theory Y: Theory X is popularly called the ‘carrot and stick’ style of motivation. It is a very authoritarian motivation practice where management must organize, direct and control workers and without the intervention of management people would be passive. Basically, the theory assumes that people do not really want to work unless intervened by management. Theory Y, on the other hand is the exact opposite of theory X. Theory Y assumes that people are self-motivated but however must be provided with the right conditions to achieve personal...