In Bangladesh perspective to motivate the employees one can use the techniques stated and explained by the social researchers. Motivating staff by training, self motivation, recognition, awards, incentives, incentive programs, employee satisfaction, employee reward programs, team building, employee recognition programs which will ultimately increase employee productivity. ACI Ltd. applies some motivational technique to motivate their employees. These techniques are applicable in the business environment of Bangladesh. Motivational techniques of ACI Ltd. are: Level of Autonomy:
Empowering employees to have some decision making capabilities is a great way to provide motivation. Offer staff the tools to utilize their talents and want some responsibility. Most people want to have some independence as they make the day to day decisions that may arise. Some employees who are micro-managed get frustrated and as a result become de-motivated.
Management by Objectives (MBO)
Structural approach to organization-wide participative goal setting that aims to serve as a basis for- (A) Greater efficiency through systematic procedures,
(B) Greater employee motivation and commitment through participation in the planning process, & (C) Planning for results instead of planning just for work. In MBO practice, specific objectives are determined jointly by managers and their subordinates, progress toward agreed-upon objectives is periodically reviewed, end results are evaluated, and rewards are allocated on the basis of the progress. The objectives must meet five criteria: they must be - (1) Arranged in order of their importance,
(2) Expressed quantitatively, wherever possible,
(4) Consistent with the organization's policies, and
(5) Compatible with one another.
Suggested by the management guru Peter Drucker (1909-2005) in early 1950s, MBO enjoyed huge popularity for some time but soon fell out of favor due to its rigidity and administrative burdens. Its emphasis on setting clear goals, however, has been vindicated and remains valid. Management by objectives (MBO) is a systematic and organized approach that allows the management to focus on achievable goals and to attain the best possible results from available resources. It aims to increase organizational performance by aligning goals and subordinate objectives throughout the organization. Ideally, employees get strong input to identify their objectives, time lines for completion, etc. MBO includes ongoing tracking and feedback in the process to reach objectives. MBO is primarily used as a tool for strategic planning, employee motivation, and performance enhancement. It is intended to improve communication between employees and management, increase employee understanding of company goals, focus employee efforts upon organizational objectives, and provide a concrete link between pay and performance. An important factor in an MBO system is its emphasis on the results achieved by employees rather than the activities performed in their jobs.
* MBO consists of following six steps:
A. Set the Organizational Goals
B. Set Departmental Goal
C. Discuss Departmental Goals
D. Define Expected Results (Set individual Goals)
E. Performance Review
F. Provide Feedback
ACI Ltd. Practice MBO to achieve best performance from their employees. At first the board of directors of ACI Ltd. Set a specific goal for the company & describes it to the manager of different department. Then manager establish their departmental goals & presented it to their subordinate. Managers also explain to subordinate expected outcomes & set individuals goals. The board of directors of ACI Ltd. review performance of the employees and provide reward on the basis of the employees performance.
For Management by Objectives (MBO) to be effective, individual managers of ACI Ltd. must understand the...