grameenphone(motivation)trm paper mgt211
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motivationTRANSCRIPT
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Report on
Application of Motivational Concepts
In Grameenphone
Submitted by: Rownok Rahman Joy 10204113
Zayed Ashraf 10204108
Alaul Ashraf Showrav 10221032
Sabby Zaman 11104101
Ashraf Uz Zaman 11104068
Submitted to: Course Instructor: Afsana Akhtar
Assistant Professor
MGT 211 Principles of Management
BRAC Business School
BRAC University
Date of submission : 30th
November, 2012
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Letter of Transmittal
15th
December, 2011
To
Afsana Akhtar
Assistant Professor
BRAC Business School
BRAC University
Subject: Submission of Term Paper
Dear Miss,
It gives us immense pleasure to submit our report on “Application of
Motivational Theory in Grameenphone Bangladesh Ltd”. This report was
assigned to us as a completion of the course “Principles of Management”,
MGT 211.At every phase of making this report, we tried to enhance our
knowledge about the policies that prevail in the industrialization of the
country’s economy. This report will try to give the picture of our efforts and
seriousness.
We would be keen to assist for interpreting our report or any other further
clarification if required. We will appreciate your valuable inquiries and suggestions
on the report.
Sincerely yours,
Rownok Rahman Joy
10204113
Alaul Ashraf Showrav
10221032
Sabby Zaman
11104101
Ashraf Uz Zaman
11104068
Zayed Ashraf
10204108
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Acknowledgement
This report might never have been completed without the necessary practical
knowledge, assistance of many books, articles, websites, and primary data. It
is a pleasure to acknowledge the assistance received from several individuals
during the preparation of this term paper. We are significantly indebted to
our course instructor Miss Afsana Akhtar for her valuable help by providing
us with suitable instructions. The assistance from the websites and annual
report of the company played a vital role in the preparation of the term
paper. Finally, without the help and support of Almighty Allah this report
would have been left incomplete.
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Executive Summary:
The report is designed to bridge the gulf between the theoretical knowledge
& real life. It is designed to have a practical experience while passing
through the theoretical understanding. Grameenphone is one of the most
advanced industries in Bangladesh currently. We took the term paper on
Grameenphone which stands as a famous name in telecom industry. We are
proud to work with Grameenphone and this experience will surely help us in
our future assignments. Through this term paper we learned quite a bit about
Grameenphone’s application of Motivational Concepts. Moreover, we had
a wonderful experience during our working period. While working on this
report we got to know about Grameenphone’s socioeconomic contributions
and their future schemes for the progress of the economy. Last of all I thank
our friends who were always inspired us during the working period.
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Chapter Page no.
Chapter One 9
1.1 Introduction/Background- - - - - - - - - - - - - - - - - - - - - - - - - -- - - - - -10
1.2 Mission & Vision- - - - - - - - - - - - - - - - - - - - - - - - - -- - - - - --- - - --11
1.3 Objective of the report- - - - - - - - - - - - - - - - - - - - - - - - - -- - - - - -- -12
1.4 Methodology- - - - - - - - - - - - - - - - - - - - - - - - - -- - - - - -- - - - - - - -13
1.5 Limitations- - - - - - - - - - - - - - - - - - - - - - - - - -- - - - - -- - - - - - - --13
Chapter Two 14
2.1 Grameenphone’s Motivation-- - - - - - - - - - - - -- - - - - - - - - - -- - - -15
2.2 Finding and Analysis- - - - - - - - - - - -- - - - - - - - - - -- - - - - - - - - - 19
Chapter Three 20
3.1 Conclusion- - - -- - - - - - - - - - -- - - - - - - - - --- - - - - - - - -- - --------21
3.2 Recommendation - - - -- - - - - - - - - - -- - - - - - - - - --- - - - - - - - -- 21
Appendix - - - -- - - - - - - - - - -- - - - - - - - - --- - - - - - - - - - - - - - -------22
Bibliography - - - -- - - - - - - - - - -- - - - - - - - - --- - - - - - - - -- - - - - - - 24
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ABSTRACT
The main purpose of this study was to” assess the role of work motivation
on employee performance”. This study in an assessment of this purpose used
deductive approach in which a qualitative survey was carried out among
employees of Grameenphone. The survey was intended to get their
responses on what they feel are the best factors that could motivate them in
future. In this light the study sets to identify the most ranked factors among
the ten motivational factors. The analysis from the empirical findings
showed that Job satisfaction” was the most ranked factor for both sub groups
that made up the sample survey. However a study from previous researches
used in this study showed that different results could be obtained from
different groups of already working employees. This study therefore can be
seen as an introduction to a more detailed study to be carried by future
researchers on the field of employee’s motivation.
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Chapter: 01
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1.1- Introduction
Company Overview
This is Grameenphone
Grameenphone Ltd., the largest telecommunications service provider in Bangladesh,
received its operating license in November 1996 and started its service from March 26,
1997, the Independence Day of Bangladesh. Now, after 12 years of successful operations,
Grameenphone is the largest mobile
phone service provider in Bangladesh, with more than 33 million subscribers as of May
2011. The Company was successfully listed in November 2009 – which was the largest
IPO in the history of the Bangladesh capital market. Grameenphone provides services to
rural and urban customers across Bangladesh, where mobile telephony is acknowledged
as a significant driver of socio-economic development, both for individuals and the
nation.
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Our Vision
We exist to help our customers get the full benefit of communications services in their
daily lives. We’re here to help.
Our Mission
Grammenphone is the only reliable means of communication that brings the people of
Bangladesh close to their loved ones and important things in their lives through
unparalleled network, relevant innovations & services.
Our Values
MAKE IT EASY
Everything we produce should be easy to understand and use. We should always
remember that we try to make customers’ lives easier.
KEEP PROMISES
Everything we do should work perfectly. If it doesn’t, we’re there to put things right.
We’re about delivery, not over-promising. We’re about actions, not words.
BE INSPIRING
We‘re creative. We bring energy and imagination to our work. Everything we produce
should look fresh and modern.
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BE RESPECTFUL
We acknowledge and respect local cultures. We want to be a part of local communities
wherever we operate. We want to help customers with their specific needs in a way that
suits way of their life best.
Objectives of the Study
The study has been undertaken with the following objectives:
1. To understand the meaning and nature of CSR;
2. To identify the CSR activities of Grameen phone.
Business Review
The year 2009 has been a fantastic year for Grameenphone from many fronts – we have
successfully been able to introduce various “first of its kind” innovative products and
services to the market. The biggest news, however, for the company has been successful
listing of Grameenphone in November 2009 – which was the largest IPO in the history of
Bangladesh capital market. Notably the company crossed the 23 million subscriber mark
in December 2009, and saw both a steady revenue growth from quarter to quarter and
increasing EBITDA margins – despite declining ARPU (Average Revenue Per User).
The most significant BIG introductions for the company have been the launch of our
internet vision “light will find its way” with the GP-branded EDGE Modem in February;
the introduction of the Grameenphone branded handset V100 into the market in August;
and the launch of the StudyLine service in October 2009. Among the other notable
launches were the mobile back-up service and the in-flight roaming service. The
Samsung handset bundle offer for Bengali New Year met with a great response allowing
subscribers to choose between two handset packages at the two attractive package rates
of BDT 5,899 & BDT 1,899 respectively. Grameenphone formally signed two separate
agreements with ICX (Interconnection Exchange) operators, GETCO
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Telecommunications Ltd. and M&H Telecom Ltd. for routing domestic inter-operator
calls and International calls to and from GP subscribers, and IGW (International
Gateway) operators, Bangla Trac Communications Ltd. and NovoTel Ltd., for routing
International calls to and from GP subscribers respectively. 2009 was also the year the
company took a deeper look at environment and took the lead in protection of the
environment in Bangladesh when the environment and climate change campaign was
launched in June 2009. The objective of the campaign was to support a healthier
environment by both reducing GP’s carbon footprint. GP’s environmental roadmap
aims to promote a low-carbon society and taking responsibility for its own carbon
emissions. The program aims to reduce carbon emissions by 30-40% within 2015 from
business as usual situation considering 2008 as the baseline. The collaborative project
with the Prothom Alo in the collection of letters from 1971, culminated in the publication
of a book “Ekatturer Chithi” in March 2009. As CEO, Oddvar Hesjedal explained at the
onset of the project in December 2008, the project comes “from the heart and will leave
behind in its wake a document which will help to preserve an important part of history
through the letters written by the Freedom Fighters to their near and dear ones.”
1.2 - Objective of the report Two types of objectives are given below:
Broad objective:
To present an overview and brief introduction to GP
To learn about the motivation approaches to employees used by GP
To learn about dealing with employees
Special objective:
To gain a relationship between theoretical and practical learning real life
situation of GP
To identify the motivational factors of GP
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To identify the different sectors those have direct involvement with employee
motivation
To give some suggestions for the maintenance of employee motivation
1.3 - Methodology Both primary and secondary forms of information have been used to prepare this report.
The details of these sources are highlighted below.
Primary sources:
Discussions with the employees of GP
Informal conversation with the employees of customer service
Different manuals of GP
Secondary sources:
Annual report of GP
Information regarding the telecommunication service
Different books and periodicals related to the telecommunication
sectors
Newspapers
Website information
1.4 - Limitations
Briefly, we face the following limitation during preparing the term paper:
Since GP is a big corporation it was something difficult to us to prepare the term
paper within this time.
One of the main barriers was time shortage.
Due to time shortage, details of many aspects of the motivational factors of GP
have been skipped in this term paper.
It was very difficult to collect adequate data from such a big corporation because
of some divisional and confidential problems.
We also faced some hierarchical formalities.
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Chapter: 02
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2.1 - Grameenphone’s Motivation:
Employee Motivation of Grameenphone: Theory and practice
The job of a manager in the workplace is to get things done through employees. To do
this the manager should be able to motivate employees. But that's easier said than done!
Motivation practice and theory are difficult subjects, touching on several disciplines.
Human nature can be very simple, yet very complex too. An understanding and
appreciation of this is a prerequisite to effective employee motivation in the workplace
and therefore effective management and leadership.
These articles on motivation theory and practice concentrate on various theories
regarding human nature in general and motivation in particular. Included are articles on
the practical aspects of motivation in the workplace and the research that has been
undertaken in this field, notably by Douglas McGregor (theory y), Frederick Herzberg
(two factor motivation hygiene theory,) Abraham Maslow (theory z, hierarchy of
needs), Elton Mayo (Hawthorne Experiments) Chris Argyris ,Rensis Likert and
Vroom's Expectancy Theory.
Why study and apply employee motivation principles?
Quite apart from the benefit and moral value of an altruistic approach to treating
colleagues as human beings and respecting human dignity in all its forms, research and
observations show that well motivated employees are more productive and creative. The
inverse also holds true. The schematic below indicates the potential contribution the
practical application of the principles this paper has on reducing work content in the
organization.
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Motivation is the key to performance improvement:
There is an old saying you can take a horse to the water but you cannot force it to drink; it
will drink only if it's thirsty - so with people. They will do what they want to do or
otherwise motivated to do. Whether it is to excel on the workshop floor or in the 'ivory
tower' they must be motivated or driven to it, either by themselves or through external
stimulus.
Performance is considered to be a function of ability and motivation, thus:
Job performance =f(ability)(motivation)
Ability in turn depends on education, experience and training and its improvement is a
slow and long process. On the other hand motivation can be improved quickly. There are
many options and an uninitiated manager may not even know where to start. As a
guideline, there are broadly seven strategies for motivation.
Positive reinforcement / high expectations
Effective discipline and punishment
Treating people fairly
Satisfying employees needs
Setting work related goals
Restructuring jobs
Base rewards on job performance
Grameenphone Theory Implication: Theory Y:
Grameenphone uses the theory Y in the employee motivation process. It gives them
opportunity to work independently. It believes that the employees have the creativity,
ingenuity, potential and self-direction to treat the customers and they take responsibility
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for their own interest. Sharing ideas and views with employees and taking an effective
and efficient decision with the participation of employee is a common phenomenon here.
Theory X:
When an emergency situation creates in the organization grameenphone tends to take or
apply theory X for the better interest of the organization. High official decision,
strategically formulas and to protect organization from some uncared employees
grameenphone sometimes apply theory X.
Herzberg's Hygiene and Motivational Factors
As a leading telecommunication company grameenphone seems to be more careful about
their standards of service and customer satisfaction. Dissatisfactory factors are generally
not found but sometime policies and personal life factors create some dissatisfactory
condition in the organization.
Motivating factors often are easily found in the grameenphone as a leading company in
this sector .Employees feels motivated with the statue, recognition such as the company
always uses “we” in its recognition stage. Continuous growth and shareholders eagerness
to this company motivates employee to have a chance to work with such a company.
Maslow's Hierarchy of Needs
As a leading telecommunication company grameen phone seems to be more careful about
their standards of service and employee motivation. As a human being employee here
tends to find a good working life . standard salary which serves as basic need of an
emoployee,job safety unless any kinds of unwanted occurrence works as safety needs,
group working which fulfills belonging needs. GP uses “we” in their formal work
standards this fulfills the recognition needs, the need is totally employee personal factor
but as far as we know a high recognition is given for an employees total contribution in
the organization through the whole life.
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Chris Argyris Theory:
The employee motivation of Grameenphone mostly follow the small group based works
rather than the boss based works and also they follow the satisfaction in workplace rather
material rewards. They emphasize the work restructured in order to enable individuals to
develop to the fullest extent. Grameenphone also tries to motivate their employees
individually that their work time will become more meaningful and challenging through
self motivation.
Rensis Likert Theory:
Grameenphone uses these four types of styles to motivate their employees in their
different situations when they face any types of employee motivation problems. When
the employees don’t be motivated then the company uses the exploitative-authoritative
motivation program and also uses the benevolent-authoritative. By counseling they use
the consultative motivation program and by the participation of all employees they user
the participative motivation program.
Vroom's Expectancy Theory:
The employee will work more and more when their outcome will be equal or more than
their expectation. They will be also motivated when a relationship between what they
want and what they get is positive. If the company evaluates their employees work then
the employees will be motivated to do more work to gain performance reward and
Grameenphone does these kinds of works for motivating their employees.
Theory Z:
Grameenphone uses this theory when they face the problem of change their internal and
external changing program in their organization. The management of Grameenphone
promises to change the way managers and employees alike think about their jobs, their
companies, and their working lives.
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Findings and Analysis:
To finish this term paper, we find that Grameenphone covers a lot of works for the
motivation of their employees. As Grameenphone is the largest telecommunication
company in our country so their employee motivation is more better than the other
telecommunication company. Especially Grameenphone uses the consultative and
supportive leadership program for motivating their employees in the workplace so that
they can easily improve the productivity. After the entire employee motivation of
Grameenphone Limited is more appreciated than others.
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Chapter: 03
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Conclusion:
There is no simple answer to the question of how to motivate people. Can money
motivate? Yes, but money alone is not enough, though it does help. We have discussed
some of the pertinent theories bearing on human motivation and this is balanced by some
of the practical factors which can lead to excellence. Human resource remains the focal
point and leadership the critical component, and motivation has to be 'tailored' to each
individual. The next section deals with an important mode of motivation, namely
financial aspects of rewarding employees.
Recommendation:
The recommendations for Grameenphone Ltd. should follows which are given bellow:
As a competitive market, the company should become more innovative
and competitive for their own benefit.
As Grameenphone is the largest organization so they should improve
their customer satisfaction and employee motivation system.
For motivating employee they should give the employees some
incentive and promotional packages.
They should ensure the safety working conditions for the motivating
employees for their own betterment.
They should give the profit sharing opportunities for the employees that
employees will be motivated to work more and more.
They should give the emphasis on the empowerment of employees.
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Appendix Glossary
McGregor's Theory X and Theory Y
Herzberg's Hygiene and Motivational Factors
Maslow's Hierarchy of Needs
Chris Argyris Theory:
Rensis Likert Theory:
Vroom's Expectancy Theory:
Theory Z:
Self-esteem
“The degree to which the qualities andcharacteristics contained in one’s self concept
are perceived to be positive” One's estimation of one's own self-worth. A construct that
enjoyed tremendous popularity in the 1970ss but since has been considered
epiphenomenal not causal. A minority of psychologists consider positive and negative
evaluations of the self to be the sixth and seventh factors of personality. Possibly
grouped with self-efficacy, etc.
Big Five personality model
“A model of the primary dimensions of individual differences in personality. The
dimensions are usually labeled extraversion, neuroticism, agreeableness,
conscientiousness, and openness to experience, thought he labels vary somewhat among
researchers.”
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Myers-Briggs Type Indicator
(MPTI)
“A personality test designed to classify individuals according to their expressed choices
between contrasting alternatives in certain categories of traits. The categories, based on
Jungian typology, are extraversion-Introversion, Sensing-Intuition, Thinking-Feeling, and
Judging-Perceiving.The test has little credibility among research psychologists but is
widely used in educational counseling and human resource management…”
Type A/Type B personality
Type A personality is “a personality pattern characterized by chronic competitiveness,
high levels of achievement motivation, and hostility.” Type B personality is “a
personality pattern characterized by low levels of competitiveness and frustration and a
relaxed, easy going approach.”
Cognitive reflection
A specific mental ability. The tendency to reflect before taking an intuitive answer as
correct.
Motivation
The processes that account for an individual’s intensity, direction, and persistence of
effort toward attaining a goal.
Hierarchy
A hierarchy (sometimes abbreviated HR) can link entities either directly or indirectly,
and either vertically or horizontally. The only direct links in a hierarchy, insofar as they
are hierarchical, are to one's immediate superior or to one of one's subordinates, although
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a system that is largely hierarchical can also incorporate alternative hierarchies. Indirect
hierarchical links can extend "vertically" upwards or downwards via multiple links in the
same direction, following a path.
Telecommunication
Telecommunication is the transmission of information over significant distances to
communicate. In earlier times, telecommunications involved the use of visual signals,
such as beacons, smoke signals, semaphore telegraphs, signal flags, and optical
heliographs , or audio messages via coded drumbeats, lung-blown horns, or sent by loud
whistles.
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