Before looking into the different motivation theories, let us first understand what motivation is..
First, What is Motivation?
“Motivation” is derived from the word “Motive”, which means needs, desires, wants or drives within the individuals.
Motivation is what makes, or the reason(s) for, an individual to act or behave in a particular way.
Now, in a work environment every individual team member has his/her own motivations to perform duties. For some, money can be a motivating factor, for others it can be challenge in work, for some others it can just be the company of people they work with. So, different people can have different motivation factors.
One of the most important responsibilities of management is to make the employees perform to the best of their abilities. Employees work at their best if they are motivated enough. So, it is important that a manager knows how to motivate his team members in the right manner by addressing the right factors to get best results.
So, how can a manager know what are the motivating factors of his team members ??
This is where the various theories on motivation come in. There are many theories to understand how to motivate people, and on finding the various factors that motivate people.
Below are four popular theories on motivation
- McGregor’s Theory of X and Y
- Maslow’s Hierarchy of Needs
- Herzberg’s Theory of Motivation or Two Factor Theory of Motivation
- McClelland Theory of Needs or Three Needs Theory