What role does money play in (a) the hierarchy of needs theory (b) two-factor theory, (c)...

What role does money play in (a) the hierarchy of needs theory (b) two-factor theory, (c) equity theory, and (e) motivating employees with a high nAch?

Expert Solution

Answer: A need, in our terminology, means some internal state that makes certain outcomes appear attractive. (a) Money would satisfy the lower needs in Maslow's theory and work toward the higher needs. Money might be a security need, providing shelter, food, and clothing, or it could be a self-esteem need in giving the individual a sense of self-worth. (b) Money is a hygiene theory. (c) Money becomes a measure of fairness—Is my raise, salary appropriate to my position? (d) Money is relevant only to the degree the individual perceives that the monetary reward is appropriate for the amount of effort put forth. (e) Money could be seen as a way to measure success.

keosha answered 2 years ago

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