Managing Organisations Essay Example | Topics and Well Written Essays - 1500 words - 1

Managing Organisations - Essay Example Human capital requires motivation in order to produce the best. Happiness and employee satisfaction promotes high productivity in any organization. Additionally, psychology theories offer alternative management ways that are relevant in the organizational strategy of any institution. This article will analyse the significance of psychology knowledge to the managers as well as the challenges faced by the managers in their efforts to apply psychology knowledge in their management roles. Understanding the importance of the knowledge of psychology to the manager’s demands that we analyse the various psychology theories put forward by prominent psychology writers. The significance of these theories offers insight on the need to study them as a manager. These theories include: This theory was developed by Maslow and is commonly known as Maslow’s theory of needs. It is founded on the idea that individuals possess powerful cognitive reasons that influence them into working towards particular goals. Sources of motivations among individuals change as they proceed from basic needs to self-actualisation in Maslow’s hierarchy of needs. A well-paying job can be a great source of motivation for individuals at the initial stage of the hierarchy of needs. As the individual progresses the motivators change and finding meaning in the work, creativity and independence can be the new powerful motivators. Maslow called this compensation when a person is motivated and gives more importance to competencies rather than meta-pay. Organisation of the work environment is very crucial given the changing needs of workers. The managers need to understand this aspect and utilise psychology to implement the necessary strategies to address this issue (Cherry, 2013). Psychology is important as it helps create self-awareness in the managers. They learn about their strengths and weaknesses, therefore, having total control of all