Comapre and contrast maslow needs hierarchy and equity theory, also Essay

Comapre and contrast maslow needs hierarchy and equity theory, also evaluate why organizational studies are important in contemp - Essay Example Maslow’s hierarchies of needs starts with physiological needs, safety needs, belongingness needs, esteem needs and ultimately self-actualization needs (Brown, 2007). According to the theory, the management will motivate the employees through enabling them achieve their needs according to the order. The lower-order needs include safety, social needs and job security while the higher-order needs include recognition, self-esteem and self-actualisation attained through personal and professional growth. On the other hand, equity theory of motivation asserts that employees are motivated if they perceive that they are treated fairly (Knights & Willmott, 2007). Equity theory involves the perceptions of outcomes of performing the duties such as the salary levels, the perceptions of inputs and reference person that enables the employee to compare the outcomes and inputs in order to determine whether the existing job is equitable or inequitable. The employees will respond to perceived in equities by changing the work inputs, changing the situation or demanding more rewards. In this case, overpaid employees will experience feelings of guilt while underpaid employees will experience anger (Brown, 2007). ... ory aims at enabling the management to identity the needs of employees in order to ensure their perceived job outcomes are aligned with the inputs (Knights & Willmott, 2007). Question 2 Organizational studies are important in contemporary business since the competitive edge of the business depends on the quality of people skills, structure, and social relations in the organisation (Smith, 1992). The studies examine how individuals and groups within the organisation construct processes and structures and how these structures and processes ultimately motivate employees towards high achievement. Organizational studies identify managerial and leadership approaches that fosters interpersonal relationships and contribute to high job satisfaction in the workplace (Brown, 2007). These studies enable business managers to articulate the mission, shared vision and strategy to the employees in all communications (Martin, 2001). Contemporary business environment is characterized by frequent chang es in external environment variables such as new technologies, new legislations and shifts in consumption patterns thus organizational studies will enable the managers to align their business vision and strategy to these changes. In this case, managers will be capable of collecting market intelligence information and outlining competitive strategies that aim at attaining the overall business vision (Cole, 2004). Accordingly, the studies will motivate employees through ensuring proper leadership styles that aim at ensuring team work and improving the individual employee performance (Smith, 1992). In this case, modern business must implement transformational leadership practices that consider the unique needs of each employee and that aim at inspiring the efforts of employees towards