Ownership psychology / employee ownership is an idea that focuses on economic and moral concepts or perspectives.
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Those who are drawn to the economical viewpoint sees it as the pay-for-performance compensation arrangement.
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People attracted to the moral viewpoint, see it as an opportunity to address an imbalance of power between employers and employees.
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The moral perspective argues for a sharing of power/balance of authority between the two groups. I believe that employee ownership is a key ingredient in maintaining a high level of motivation in the workplace.
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Experience working in a collection agency is an example of connection of theory to observations.
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An economic perspective is taken within these organizations; in fact, the job itself calls for a pay-for-performance compensation arrangement. Taking a moral stand would positively motivate employees. People want to feel that they share ownership of problems and are part of the solution.
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To maintain motivation in large-scale organizations supervisors, managers and others in managerial positions must allow a balance of power, after all, lower level workers also bring in knowledge, initiative, problem-solving skills and more.
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Questions:
- What are some factors that would lead to organizations resisting a change in incentive-based programs?
- Describe the psychological make-up of an organization that has this “balance of power” with all levels of workers adding knowledge and problem-solving skills.