IDEAS home Printed from https://ideas.repec.org/a/bja/isteus/y2023i4p110-127.html
   My bibliography  Save this article

Formation of the motivational mechanism of enterprise at different stages of the life cycle

Author

Listed:
  • Yevheniia Osypova

    (State University of Infrastructure and Technologies)

  • Hlib Holoborodko

    (State University of Infrastructure and Technologies)

Abstract

The article examines the essence of the concept of "motivational mechanism" and analyzes the approaches of various authors to the problem of forming an effective toolkit for motivating employees. Certain regularities and trends in research on the motivational mechanism are analyzed. The motivational mechanism is viewed as a set, a set of types of motivation to achieve a result. The authors emphasize the repeatability of the process and, in addition to the set of incentive tools, include other economic levers and tools for measuring the results of motivational activities. The motivational mechanism, defined as a supporting business process, acts not only as an abstract element but also as a key catalyst for maintaining and preserving a high level of productivity and efficiency of employees in an organization. Its role can be compared to a necessary driving mechanism that unlocks the potential and maximizes the creative contribution of each team member. In this context, the motivational mechanism acts as a true manager of the internal energy flow in the organization, providing an impetus to achieve high results and exceed own expectations. It interacts with other business processes, coordinating their actions and directing them to achieve strategic goals. This mechanism is also defined by its flexibility and ability to adapt to changes in the internal and external environment of the enterprise. It is an important human capital management tool that takes into account the individuality of employees and the diversity of their motivational factors. The article describes the stages of implementation of the motivational mechanism at different stages of the enterprise life cycle. At the initial stages, when the company is just starting its activities, the emphasis is on stimulating the creativity and initiative of employees, as well as on attracting and retaining highly qualified specialists. At the stage of expansion and development of the company, it is important to focus on stability and professionalism, using financial and career incentives. Thus, taking into account the stages of the enterprise life cycle in the formation of a motivational mechanism is the key to achieving harmony between the needs of the enterprise and the expectations of the staff, contributing to the sustainable development and success of the organization.

Suggested Citation

  • Yevheniia Osypova & Hlib Holoborodko, 2023. "Formation of the motivational mechanism of enterprise at different stages of the life cycle," Economic Synergy, Higher Educational Institution Academician Yuriy Bugay International Scientific & Technical University, issue 4, pages 110-127.
  • Handle: RePEc:bja:isteus:y:2023:i:4:p:110-127
    DOI: 10.53920/ES-2023-4-8
    as

    Download full text from publisher

    File URL: https://es.istu.edu.ua/EconomicSynergy/article/view/153/117
    Download Restriction: no

    File URL: https://libkey.io/10.53920/ES-2023-4-8?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    motivational mechanism; motivation; business process; life cycle; management;
    All these keywords.

    JEL classification:

    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bja:isteus:y:2023:i:4:p:110-127. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anna Duchenko (email available below). General contact details of provider: https://es.istu.edu.ua/EconomicSynergy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.