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Identify the four things that the basic model of work motivation suggests managers can use to motivate employees. Explain how each of these strategies might be used to motivate a 55-year-old tenured professor whose teaching performance has become very weak over the past three years. Briefly explain the relevance of the industrial psychology formulation of the relationship between performance and motivation to the analysis you provide. Be sure to clarify any assumptions that you are making.
Venture-Related Project
A specific endeavor, often involving risk, undertaken by a business or partnership that aims to deliver a new product, service, or result.
Business Trust
A form of business organization, created by a written trust agreement, that resembles a corporation. Legal ownership and management of the trust’s property stay with the trustees, and the profits are distributed to the beneficiaries, who have limited liability.
Personally Liable
When an individual is personally responsible for fulfilling a debt or legal obligation, risking personal assets beyond a corporate structure.
Partnership
A bona fide business arrangement that includes two or more individuals managing together and sharing earnings.
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