“The key to a successful firm is a well motivated workforce”

... "The key to a successful firm is a well motivated workforce". To what extent is this true? A well motivated staff is one of the main features to a successful firm. A successful business can be classified as one that is gaining profit and is satisfying the external (customers community and creditors etc) and internal (shareholders, employees managers etc) people. Motivation is about how keen and committed a person is in performing a task or job. Motivated staff usually means higher productivity. People can be motivated in various ways. Three people had a theory on motivation and how it could be achieved. Maslow's Hierarchy of needs - He believed that the same things motivated everyone. There were five needs that he thought had to be accomplished. The five needs were:> Physical survival> Safety> Love and belonging.> Self-esteem> Self-actualisation All these aspects motivate workers. If they feel comfortable

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