Money as a Motivator

Powerful Essays
Topics: Motivation
Money as a Motivator: The reasoning behind it. Organizational Behavior March 26, 2013

Table of Contents
Executive Summary……………………………………………………………….3
What is money…………………………………………………………………….4
How important money is………………………………………………………….4-6
Why companies move to poor countries………………………………………..6
Money motivation theories……………………………………………………….7-8
Keeping employee’s satisfied……………………………………………………8-10
Embezzlement scandals………………………………………………………….10-12
Summary………………………………………………………………………….. 11-13

Executive Summary
The dynamic force that ultimately guides work-related behavior is money, money and only money. In defining the word money on the other hand, we look beyond of what is generally accepted money only being paper, notes and coins, seeing that we believe money in the circumstances of the workplace can exist in various forms.
In this case, it is obvious to see that what motivates a company to move towards globalization, according to the facts that it is money and only money. This is one of the reasons we disagree with theorists like Fredrick Herzberg that came up with reasoning or the idea that money does not motivate, "...So for Herzberg money was not a motivator" (Chapman, 2001).Money motivates me to do lots of things, as it does you, and a lot of money would motivate me to do things that I wouldn 't do for less. Famous sayings like "money makes the world go around", "money makes the mare go" and "show me the money" successfully serve as testaments to our argument but reflecting on the previous examples, money as we have defined it, is clearly the sole motivator in work and many other environments.
In the unfortunate cases, money as the sole motivator in the workplace ranges from exploitation of people for cheap labor in some countries, to more publicly-known crimes such as murder and embezzlement.

What is actually is



Bibliography: Chapman, A. (2001). Frederick Herzberg motivational theory. Retrieved March 9, 2013, from http://businessball.com: http://www.businessballs.com/herzberg.htm Chapman, T Crichton, S. (2002, May 29). Cold hang behind her boss 's murder gets 24 years ' jail. Retrieved March 13, 2013, from http://www.smh.com/au: http://www.smh.com.au/articles/2002/05/28/1022569772348.html Daniel Debow, R Dollar, D. (2012). Making Globalization Work for the Poor. Retrieved from http://worldbank.org: http://live.worldbank.org/making-globalization-work-poor Elliott, M Franklin, B. (2013, Feburary 24). www.brainyquotes.com. Retrieved from Brainy Quotes. Marguet, C. T. (2011, April 22). The top 10 embezzlement cases in modern US history. Retrieved March 16, 2013, from marquetinternational: http://www.marquetinternational.com/pdf/top_10_embezzlement_cases_in_us_history.pdf NCEO News, A. (2011, September 14). Qantas Baggage Handlers to Strike. Retrieved March 14, 2013, from http://www.abc.net.au: http://www.abc.net.au/news/2011-09-14/qantas-industrial-action/2899496 Yukon, T

You May Also Find These Documents Helpful

  • Good Essays

    Money as a Motivator

    • 4970 Words
    • 14 Pages

    will discuss the subject of money as a motivator. In addition to research and a cohesive review of literature it will include two interviews with prominent managers which will be analyzed to further enrich the knowledge of the subject by taking advantage of their hands-on experience. I- Introduction: Money, A motivator?Money! That is the violent war between employers and employees. Indeed, motivating employees through the use of money as a material reward or motivator for work achievement is and…

    • 4970 Words
    • 14 Pages
    Good Essays
  • Good Essays

    Is Money a Motivator

    • 1024 Words
    • 5 Pages

    Is money a motivator There is this argument that money is the only motivator that management can use to enhance performance of employees. We are not sure how many manger and employees have argued that given enough money they would certainly be motivated, despite other factors. Many people may look at money as the only motivator. A motive is a reason for doing something. Motivation is concerned with the factors that influence people to behave in a certain way. Motivating other people is about…

    • 1024 Words
    • 5 Pages
    Good Essays
  • Better Essays

    Money as an motivator

    • 1197 Words
    • 4 Pages

    knows, but there are many theories, each of which has some relevance in some situations. Based on the case above, we can define that money is a motivator to not only go above and beyond, but maintain an increased level of productivity. Therefore, in order to increase efficiency and effectiveness of work done, managers need to know how to motivate employees by using money. Naturally, managers are not interested in every attitude an employee might hold. However, according to some experts, organizational…

    • 1197 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Is Money a Motivator ?

    • 1486 Words
    • 6 Pages

    Is Money a Motivator? There are countless articles circulating today instructing managers on how to motivate their employees. Some theories state that all workers are motivated primarily by the need for money; so if you want to get the most out of your workforce, you pay them more. So, is money a motivator? Motivation is the encouragement to do something.(1) There are short term motivators and there are long term motivators. There are also different levels and sides to motivation. In this…

    • 1486 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Money as a Motivator

    • 1496 Words
    • 6 Pages

    Some people argue that money is a main motivator through business and job opportunity, but is not always completely true as there are others factors to considers such as working conditions, environment and the peoples we work with. This essay discuss the arguments that are both for and against money being the key motivator in Singapore. In most organisation, money is often seen as a prime motivator for employee in the government and corporate sectors. It empowers them to perform better and contribute…

    • 1496 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Money as a Motivator

    • 3520 Words
    • 15 Pages

    Money–Is it really a motivator? One of the myths of executive compensation is that the most effective way to motivate people to work productively is through individual incentive compensation (Pfeffer, 1998). While most people agree that money cannot buy everything, in organizations there is a widespread belief that money plays a major role in motivating people. Organizations spend a lot of time, effort and money in designing and implementing the right performance management schemes and incentive…

    • 3520 Words
    • 15 Pages
    Powerful Essays
  • Powerful Essays

    extrinsic rewards and one of the well known motivational techniques, money is proved to be a well-accepted motivator for a long history. It is normally reflected in pay rise, bonus or share option. It is an effective motivator but not in all cases. Drawing from some of the famous motivation theories, this article discusses from the individual employee's perspective on different occasions and effectiveness of money as a motivator. The study will focus on hierarchy of needs theory, expectation theory…

    • 2146 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    Money Is Not The Best Motivator The old Horatio Alger stories capture the American dream pretty well. Those who work hard, apply themselves and play fair, they tell us, will be amply rewarded. Those who avoid responsibility, exploit others and cheat will get their comeuppance. This notion is at the heart of American entrepreneurialism and professionalism, and of American artistic and sports endeavor as well. So why do people like Jeffrey Skilling and Bernard Madoff get away with so much for so…

    • 1168 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    The use of money as a motivator. Money can influence the performances of people only under certain conditions. Different things motivate people. Some employees have monetary goals, others have professional goals, and others have personal goals. The identical incentives cannot work for all. Money is a good motivator when: -Like in the Herzberg’s theory when people are given a reward like a merit bonus because of their performances, it motivates the people to keep up the good work. -The…

    • 341 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    returns that drive us to give our best terms of individual productivity. From your own experience, critically analyze “Money “as a motivator in an organisation. Money motivates different people to do different things. Depending on a person's deepest desires, money will bring it to the surface. Money motivates us because it is a way for us to bring our dreams to fruition. Money inspires us all to go to the next le People are motivated by different things. Some employees have financial goals, others…

    • 1230 Words
    • 5 Pages
    Powerful Essays