This business/management problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.
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4a. Explain five benefits of manpower utilisation
Effective manpower utilisation brings several benefits to an organisation:
4b. Discuss any two theories of incentive
Here are two theories of incentive:
Expectancy Theory (Victor Vroom) This theory suggests that individuals are motivated to act in a certain way based on their expectancy that their effort will lead to performance, their instrumentality that performance will lead to a desired outcome (reward), and the valence (value) they place on that outcome. In simpler terms, people will be motivated if they believe their effort will result in good performance, that good performance will be rewarded, and that the reward is something they truly value. For an incentive to be effective, all three components (expectancy, instrumentality, valence) must be high.
Reinforcement Theory (B.F. Skinner) Reinforcement Theory focuses on how consequences influence behavior. It posits that behavior is a function of its consequences. Positive reinforcement (e.g., bonuses, praise) increases the likelihood of a desired behavior being repeated, while negative reinforcement (e.g., removing an unpleasant condition) also encourages a desired behavior. Punishment (e.g., demotion, reprimand) decreases the likelihood of an undesirable behavior. This theory suggests that incentives work by reinforcing desired actions, making employees more likely to repeat them in the future.
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This business/management problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.