Human Capital

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MANAGING HUMAN CAPITAL
Haseeb M Khan MBA (Executive) Student ID: L0171SBSB0112

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Table of Contents
INTRODUCTION .................................................................................................................................................................................3 CLASSICAL THEORIES OF MOTIVATION ..............................................................................................................................................3 INSTRUMENTAL OR SCIENTIFIC MANAGEMENT THEORY (TAYLOR 1905) .........................................................................................................3 Theory Evaluation.............................................................................................................................................................................. 3 REINFORCEMENT THEORY (HULL, 1951), (SKINNER, 1974) ........................................................................................................................4 Theory Evaluation ............................................................................................................................................................................ 4 MASLOW HIERARCHY OF NEEDS ............................................................................................................................................................5 Theory Evaluation.............................................................................................................................................................................. 5 ERG THEORY (ALDERFER) ....................................................................................................................................................................5 Maslow versus Alderfer’s Theory ....................................................................................................................................................................... 6

Theory Evaluation.............................................................................................................................................................................. 6 HERZBERG’S TWO-FACTOR MODEL .........................................................................................................................................................7 Herzberg versus Maslow Hierarchy of needs ..................................................................................................................................................... 7

Theory Evaluation.............................................................................................................................................................................. 7 PROCESS THEORY: .............................................................................................................................................................................7 EXPECTANCY THEORY (VICTOR H. VROOM 1960) .....................................................................................................................................7 Theory Evaluation.............................................................................................................................................................................. 8 EQUITY THEORY (ADAMS, 1965)...........................................................................................................................................................8 Theory Evaluation.............................................................................................................................................................................. 8 CONCLUSION .....................................................................................................................................................................................9 RECOMMENDATION AND PROPOSAL FOR A HYBRID THEORY...
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