Business part 2

• Financial rewards include performance related pay,profit sharing, share-ownership schemes,Fringe benefits(eg healthcare), hourly wages,salary,commissio,bonus scheme,piece-rate(pay per unit)
• Non-financial rewards include Job rotation , Job enlargement(increase in load of tasks),Job enrichment(increase in responsibilities and decision making authority),Training and development,Promotion,Empowerment and participation,team working, quality circles
• factors that make working more interesting are job rotation,job enlargement,job enrichment, and job redesign
• Fayol’s functions of management are Planning,organising, directing coordinating and controlling
• Mintzberg’s management are 1. Interpersonal roles, 2. Informational roles, 3. Decisional roles
• Mclelland states that 3 motivational theories are relevant these are 1. achievement motivation, 2. authority/power motivation 3.affiliation motivation
• Hertheory included 2 - job satisfaction and dissatisfaction
• Taylor’s theory emphasises increasing productivity and efficiency through the use of scientific management methods
• Multinational businesses have headquarters in one country but are operationing in multiple nations
• International businesses sell in more than one country