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Understanding of motivation theories can play a very important role in influencing the management style and strategies of a large corporation like Siemens. These theories help companies to develop and implement effective policies and strategies for attracting right types of people needed by them to man the organization, to retain them in the organization, and to motivate them to put in their best efforts towards achievement of the organizational objectives.
It determines the kind of compensation schemes the company has. It also helps companies to design its jobs that provide maximum job satisfaction to the employees. Further the scheme is used to introduce specific programs like MBO (management by objectives) quality circle to encourage employee participation for improving management and operation of the company.
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