Strategic Management (M1) Essay Example | Topics and Well Written Essays - 2000 words

Strategic Management (M1) - Essay Example Numerous company benefits are provided by Marks and Spencers which offer both safety in financial aspects such as pension schemes, paid maternity and paternity leave, employee discount within all of their stores to encourage brand loyalty, and many other motivating factors such as team building exercises, promotion opportunities and investment opportunities such as offers of shares that become available. Social needs are met and encouraged by team building exercises, and teamwork is encouraged throughout the organization. This helps provide a friendly atmosphere throughout the workplace. Esteem needs are met by the recognition of achievements by senior management to ensure that credit is always given where credit is due. This keeps employees motivated and gives them a high level of job satisfaction and gives them incentives to fulfill their potential and achieve great things. The top of the hierarchy is the self-actualization needs. This is about the development and realization of a persons full potential. Marks and Spencers allows this need to be met by offering career enhancement and promotion opportunities, a challenging role for employees, achievement in work and pushing employees to fulfill their potential. Marks and Spencers believe that self-actualization is a very important factor and will increase efficiency within the organization. To conclude, Marks and Spencers main sources of motivation come from offering the employees benefits and incentives and satisfying their needs to ensure that the environment in which they work is perfect in order to gain the best performance from them. The motivational policy within Nestle is based around a culture that has equal respect for all employees and there is a mutual respect that flows throughout the organization. This capacity to enhance human energy is an essential component to ensure the long-term competitiveness of the company. Nestle have a personal