A Critical Review of Motivational Theories in Management and their Role in Modern Era

Abstract

In management, motivational theories may be extremely important and still be relevant today. Employee productivity, job happiness, and general workplace success all depend heavily on motivation. It encourages people to achieve success, finish tasks, and support organizational goals. Maslow's Hierarchy of Needs, Herzberg's Two-Factor Theory, Expectancy Theory, Equity Theory, Self-Determination Theory, Goal-Setting Theory, and Self-Efficacy Theory are just a few of the motivational theories that have been developed. Although these theories offer helpful insights, they are also subject to criticism for being oversimplified, lacking empirical backing, and not considering societal and individual aspects. Managers may use these theories in the contemporary workplace to better understand and inspire people. Additionally, they must consider things like work-life balance, employee engagement, organizational culture, and the effect of technology on drive. Overall, in the present day, improving employee performance, job happiness, and organizational success requires a thorough grasp of motivation.