Explain managerial motivation.

Managerial Motivation: It is the means or inducements, which impel or inspire a person to intensify his willingness to use his abilities and potentialities for getting goals of the organization that he works. Motivation is a psychological force. What motivation does to an individual or morale does to a work- group. Motivation moves an individual to action. Motivation of workers is very significant.

Factors influencing motivation:

• Achievement-Personal satisfaction in problem solving and job completion.
• Advancement-Promotion to the higher job per level
• Growth-Learning new skills that will offer greater possibility for advancement.
• Recognition - Acknowledgement of a job completed well
• Responsibility and Authority - it must be in relation to one's job
• Work itself - Actual job content and its positive/negative result on the worker
• Company Policy and Administration- Feelings regarding the adequacy/inadequacy of company organization and management procedures and policies
• Job Security - Tenure, company instability or stability
• Interpersonal Relations - Relations with superiors, sub-ordinates and peers
• Salary - Pay and fringe advantages
• Status - Size of office and private secretary etc.
• Supervision - Competency or technical capability of supervision
• Working Conditions - Physical Environment
• Personal Life - Personal factors which affect the job