...Abstract The motivational force analysis is going to be examined in this paper and it is to be compared and contrasted with existing theoretical tools employed to understand motivation, since it’s redefining the way of using motivational tools in organizations. The Motivational force analysis is a tool used to find the appropriate measures taken to get the optimal output from employees. This is done by performing a theoretical, psychological and statistical analysis resulting in functions of cost, motivation and output of the business. These functions are used in an mathematical analysis that derive at the motivational-equilibrium i.e. value of optimal cost-output level of motivation. This paper will describe the process of performing a Motivational Force analysis in addition to consider its applicability to employees and organizations and examine it’s strengths and limitations by doing so. Table of Contents Introduction ………………………….......................…………......……………………………….. 1 Theoretical framework………………………….………………………………………………………….. 1 Why the motivational force analysis is needed …..…………………………………………………………2 Application of the analysis…………………………..……..………...………………………………………2 Data collection & experiment ………………..……………………………………………………………..3 Determine cost-output ……………………………………….........………………………………………….3 Determine cost-motivation…………………………………...……………………………………………….7 Mathematical analysis……………………………..............………………………………………………….7 Finding the motivational equilibrium…………………………...
Words: 961 - Pages: 4
...What is force field Analysis? Force field analysis is a management technique developed by Kurt Lewin, a pioneer in the field of social sciences, for diagnosing situations. It will be useful when looking at the variables involved in planning and implementing a change program and will undoubtedly be of use in team building projects, when attempting to overcome resistance to change. Kurt Lewin assumes that in any situation there are both driving and restraining forces that influence any change that may occur. Driving Forces: Driving forces are those forces affecting a situation that are pushing in a particular direction; they tend to initiate a change and keep it going. In terms of improving productivity in a work group, pressure from a supervisor, incentive earnings, and competition may be examples of driving forces. Restraining Forces: Restraining forces are forces acting to restrain or decrease the driving forces. Apathy, hostility, and poor maintenance of equipment may be examples of restraining forces against increased production. Equilibrium is reached when the sum of the driving forces equals the sum of the restraining forces. In our example, equilibrium represents the present level of productivity, as shown below. Steps involved in Force Field Analysis Step-1 : Prepare the statement of the problem or issues under study (note : make sure that the statement is indicative and provide clear understanding and perspective regarding the cause variables). Step-2...
Words: 1652 - Pages: 7
...Business Policy & Competitive Strategy Vivek Khanna TATA Motors This project is a part of the internal assessment for the subject Business Policy & Competitive Strategy. I have developed a Porter’s Five Forces analysis for the organization. I identified strategic strengths and weaknesses and identified core competencies of the organization . The company that I have taken into account to analysis the Porter’s Five Forces is the Tata Motors. The Specific product that I will be taking into analysis is the NANO CAR. This segment has a great growth potential in developing countries , especially in a country like India. 1. Potential Entrants – Threat of new entrants 2. Buyers – Bargaining power of buyers 3. Substitutes – a. Threat of substitute products or services b. Rivalry among existing firms 4. Suppliers - Bargaining Power of Suppliers 5. Other Stakeholders – Relative Power of Union, Governments etc. A brief Information about the product : The Tata Nano is a rear-engine, four-passenger city car built by Tata Motors, aimed primarily at the Indian market. The car is very fuel efficient, achieving around 78mpg on the highway and around 92 in the city. It was first presented at the 9th annual Auto Expo on 10 January 2008, at Pragati Maidan in New Delhi, India. Nano had a commercial launch on March 23, 2009 and, a booking period from April 9 to April 25, generating more than 200,000 bookings for the car. The sales of the car will begin in...
Words: 1990 - Pages: 8
...External Remote Environment Analysis The banking sector in Nigeria is can be analyzed using the General Forces Matrix to analyze trends or events that give a pointer into the future of companies operating in the industry. In terms of economics, there has been a persistently high inflation rate in Nigeria. Although the Central Bank has tried to keep the rate stable in the last three years, the absolute rate is still relatively high. The impact of this is that there are not enough small and medium scale businesses to employ the teeming population of unemployed people. Demographically, the population of Nigeria is growing at an alarming rate and this is estimated to get to 170million by 2016. This growth is as a result of illiteracy and the influence of culture in this part of the world. The banking industry is highly regulated and as such, banks are vulnerable to the changing policies and guidelines from the regulator, the Central Bank of Nigeria. Some of these laws include guidelines for capital adequacy, obligor limits, prudential guidelines for banking operations and other operational modalities. Sometimes, the regulators can introduce changes due to trends or events happening in the global landscape. As a result, banks invest substantial time and resources towards understanding these trends and forecasting to reduce the impact of sudden shocks. The barrier to entry in the banking sector is high. In Nigeria, there is a huge capital requirement of between 300 to 500 million...
Words: 785 - Pages: 4
...5 Forces Analysis on the Paper Industry Looking at the position of the paper industry relative to the five forces model I had to determine exactly what constituted the paper industry. I had to decide between the Paper Mills Industry and Pulp Mills Industry and ultimately decided to analyze the Paper Mills Industry specifically when it came to paper industry as a whole. The NAICS Code that corresponds to the Paper Mills Industry is NAICS: 322121 or SIC Code 2621. Porter’s Five Forces Model of Competition includes the firm’s, or in this case the paper mill industry’s, position relative to current competitors, suppliers, customers, potential new entrants and potential substitutes. Over the next few pages I will conduct a five forces analysis of the Paper Mills Industry. Current Competitors: The degree of rivalry in the paper industry is the center of the five forces and the other four forces branch off of this. The first aspect to look at is the number and position of companies within the paper industry. There were 445 companies in 2009 and as of 2013 there are now 119 companies in the industry. This industry still has many competitors within the industry and therefor, there shouldn’t be any impact of any particular company. This industry is large enough where these firms can prosper without having to steal market share from each other and this is a positive for the paper industry. The second key factor is the industry growth rate and if there is room to increase revenues...
Words: 1279 - Pages: 6
...Five Forces Analysis of Video Game Console Industry Threat of Substitutes: The main substitute for a video game console would be a personal computer. They can both be used for playing different types of video games and be used for entertainment. The threat of this substitute edging out video game consoles is very low, because they are not completely similar. If anything, video game consoles are edging out personal computers in the gaming industry. The threat of substitutes in the video game is not very high. In 2008, this was not a very strong force in the video game industry. Threat of New Entrants: In 2008, the threat of new entrants was not very high. Sony’s Playstation, Microsoft’s Xbox, and Nintendo’s gaming systems were very well established names in the industry. The brand identities of these products were so strong that it would be very difficult for a new player to enter the game at this point in time. Many years prior to 2008 this was not the case. Many new companies tried to enter the market, some, like Microsoft, succeeded, others, like Sega, did not fare as well. In 2008, the Threat of new entrants, is not a strong force in this industry. The cost required to develop and manufacture a product that could be a decent a competitor in this market is too great for a non-established company in this industry to be able to compete. The technology that is needed to be successful at this point is too advanced for new competitors to achieve. Although at times the threat...
Words: 437 - Pages: 2
...Analysis of Temp Force Company a. Legal Rights and privileges of common Stockholders Common Stockholders have the right to elect its directors, who in urn elect the officers who will manage the business. Federal Law says there should be an election of directors usually once a year to elect with vote taken at an annual meeting. Each share of stock has one vote. Stockholders can show up to the meeting and vote in person, but they can transfer their right to vote to a proxy. Common Stockholders have the preemptive right to purchase any additional shares sold by the firm It enables current stockholders to maintain control and prevents a transfer of wealth from current stockholders to new stockholders. b. Valuation of Stocks (1) Write out a formula that can be used to value any stock, regardless of its dividend pattern. Value of stock = P0 = PV of expected future dividends P0= D1(1+rs)1 + D2(1+rs)2+ … + D∞(1+rs)1∞ (2) What is a constant growth stock? How are constant growth stocks valued? A constant growth stock is one in which the stream of dividends is expected to grow at a constant rate. A constant growth stock can be valued using the constant growth model (Gordon model) shown below. P0= D1rs-g (3) What happens if a company has a constant g that exceeds its rs? Will many stocks have expected g> rs in the short run (i.e., for the next few years)? In the long run (i.e., forever)? If a company’s g is greater than their expected rs the...
Words: 2703 - Pages: 11
...Five forces * Threat of new entrants * Bargaining power of suppliers (SUPPLIER POWER) * Rivalry among existing competitors (RIVALRY) * Bargaining power of customers (BUYER POWER) * Threat of substitutes Anomalies * Some anomalies occur due to a variety of reasons with regards to profit over time * Ex: Tobacco was not profitable in 2007 due to lawsuits but was much more profitable during 2008 What is 5 forces analysis? * A framework for analysing industryprofitability * NOT company profitability – that depends on competitive positioning How we evaluate these: * Opportunity threats * Company position vs competitors * Anticipate changes in the industry RIVALRY * Often the most visibly competitive force (price reduction, new product intros, additional services, etc…) * Threats to industry profits * Homogeneous products perfect subs * No buyer switching costs product choice drive by price comparison * Airlines: when there’s no buyer switching costs compete like crazy * Perishable products short shelf life encourages discounting * Everything travel related have a perishable inventory (hotels, cruise ships) * Infrequent, large volume sales transactions discounting to “smooth” sales * Excess industry capacity supply adjusts easily to increased demand * High fixed-to-variable cost ratio pressure to increase market * Many, similarly powerful...
Words: 808 - Pages: 4
...Force field analysis From Wikipedia, the free encyclopedia Jump to: navigation, search Force field analysis is an influential development in the field of social science. It provides a framework for looking at the factors (_forces_) that influence a situation, originally social situations. It looks at forces that are either driving movement toward a goal) (helping forces) or blocking movement toward a goal (hindering forces). The principle, developed by Kurt Lewin, is a significant contribution to the fields of social science, psychology, social psychology, organizational development, process management, and change management. Lewin, a social psychologist, believed the "field" to be a Gestalt psychological environment existing in an individual's (or in the collective group) mind at a certain point in time that can be mathematically described in a topological constellation of constructs. The "field" is very dynamic, changing with time and experience. When fully constructed, an individual's "field" (Lewin used the term "life space") describes that person's motives, values, needs, moods, goals, anxieties, and ideals. Lewin believed that changes of an individual's "life space" depend upon that individual's internalization of external stimuli (from the physical and social world) into the "life space." Although Lewin did not use the word "experiential," (see experiential learning) he nonetheless believed that interaction (experience) of the "life space" with "external...
Words: 836 - Pages: 4
...Assignment 1- project part 1 Yang Zhang Initial system request- Quality Management System (QMS) Project sponsor: Yang Zhang Background: A quality management system (QMS) is a set of policies, processes and procedures required for planning and execution, which are like production, development and service in the core business area of an organization. Areas can impact the organization's ability to meet customer requirements. ISO 9001:2008 is an example of a Quality Management System. The concept of quality as we think of it now first emerged from the Industrial Revolution. And the quality profession grew from simple control, to engineering, to systems engineering. Quality control activities were predominant in the 1940s, 1950s, and 1960s. The 1970s were an era of quality engineering and the 1990s saw quality systems as an emerging field. Like medicine, accounting, and engineering, quality has achieved status as a recognized profession. Reference American Society for Quality (ASQ) Certified Quality Engineer (CQE). As Lee and Dale (1998) state, there are many organisations that are striving to assess the methods and ways in which their overall productivity, the quality of their products and services and the required operations to achieve them are done. Business need: An ISO 9001:2008 QMS integrates the various internal processes within the organization and intends to provide a process approach for project execution. A Process Based QMS enables the organizations to identify...
Words: 529 - Pages: 3
...AT&T Michael Porter: Five Forces: (1) The threat of the entry of new competitors: Low. Because new entries do have to invest lots of money to facilities so than they services can cover wide range in order to compete with the exited companies, there are several companies that can entry to this industry at ease. It is obviously that the threat of the new competitors is low. (2) The threat of substitute products or services: High. The customers may select fixed phone or online communication instead of using mobile phone service. Considering I-phone, with the new technology, it is possible that one day portable laptop can be as small as mobile phone. If at that time Wi-Fi is spread around the whole country and everyone can have access to Wi-Fi everywhere, customers can communicate with each other online. It could be but may take a long time to be a big threat to the industry. (3) The threat of competitive rivalry: Moderate. In the United States, the majority market shares are occupied by four big companies and AT&T is one of them. Even though competition among the four companies is intensive, the whole market competition is not as munch intensive as other industries such as software industry in which there are more than thousands companies. (4) The bargaining power of customers: Low. There are only four major companies in a country with hundreds of millions population, and the mobile phone is indispensable for everyone. Considering the low demand with high need, the...
Words: 271 - Pages: 2
...the world's lone superpower and rightfully classified as the Goliath force, in reference to the Biblical story of the young, small shepherd named David that represented the Israelites in battle versus the giant Philistine warrior named Goliath. Goliath challenged the Israelites for forty days standing clad with bronze armor and armed with a sword and spear. Prior to the battle, David realized he could not fight as Goliath, only to shed heavy armor and lay down a shield and sword provided by the king. He took only five stones and a sling in the fight against the physically superior giant and defeated Goliath with precision that was unanticipated. In the same light as Goliath, the United States does not enter the battlefield with the mindset of a smaller force, a force that must seek to employ alternative tactics to survive. The changing character of war and the changes in the operating environment means that the United States must be willing to think and act like David. This drives the DOD toward developing new and unique warfighting capabilities, and how to employ those capabilities, in support of our own instruments of power to be best postured for all...
Words: 673 - Pages: 3
...The AbcNews Article titled “What is Excessive Force” talks about what exactly excessive force and whether or not it is actually something that can be measured or not? Within the article there are different subcategories like “Judgment Call” “Heat of the Chase”. The conclusion of whether or not the force of a police officer can be measured and or evaluated was that ultimately that it couldn’t be measured, just imply because it is the officer discretion. This article demonstrates ethos by appealing to Logos by providing you with stats, numbers, and direct quotes and pathos by implying that the reader should care about the issues behind the article. To start the article off the writer believes that it would be more effective to mention two recent...
Words: 538 - Pages: 3
...PepsiCo’s Five Forces Analysis PepsiCo’s world-wide success is related to its business capabilities, especially in overcoming the challenges and problem shown in this Porter Five Forces analysis. Michael Porter developed the Five Forces analysis model to determine the most significant external factors that influence Company. For PepsiCo to maintain its market rank as the second largest food-and-beverage company in the world, it must show the potential problems identified in this model. PepsiCo also needs to continually adjust its strategies to effectively respond to the external factors significant in the food and beverage industry competition A Five Forces model analysis of PepsiCo reveals that the companyshould prioritize the effect of competition and the influences of consumers and substitutes. These forces shape PepsiCo’s strategies.. Because of the global nature of its business, PepsiCo faces varying in external factors in its industry environment. However, the overall result of these factors and the corresponding that model are summarized as the given below , with indicators of the strengths of their forces of model on PepsiCo: 1. Competitive rivalry or competition 2. Bargaining power of buyers or customers 3. Bargaining power of suppliers 4. Threat of substitutes or substitution 5. Threat of new entrants or new entry Competitive Rivalry or Competition with PepsiCo (Strong Force) – The Coca-Cola Company is one of most PepsiCo’s...
Words: 974 - Pages: 4
...Porter’s 5 Forces Analysis = Suppliers, Customers, New Entrants, Substitute Products, Competitors What is Porter’s 5 Forces Analysis? Porter’s 5 forces analysis represents the competitive environment of the firm. It is a strategic foresight to avoid putting the competitive edge at risk and ensure the profitability of products on a long term. For the company this vision is quite important because the firm is able to direct its innovations in terms of choice of strategies and investments. The profitability of businesses within the industrial structure depends on the following forces: Competitive rivalry within the industry; Threats of new entrants; Threats of substitutes products; Bargaining power of customers; Bargaining power of suppliers. Golden Rules 6th force = Often the model is adjusted with a 6th force, the public authorities. This is important because the law and the norms can influence each of Porter’s 5 forces. Key factors for success = The key success factors of the environment have to be identified. To have a competitive advantage some strategic elements should be controlled. Threats of new entrants Public Authorities Bargaining power of suppliers Competitive rivalry within the industry Bargaining power of customers Threats of substitute products © Copyright 2008 LUXINNOVATION G.I.E., The National Agency for Innovation and Research in Luxembourg 1/2 Porter’s 5 Forces Analysis = Suppliers, Customers, New Entrants, Substitute Products...
Words: 594 - Pages: 3