In 2018, 19,552 companies filed for insolvency in Germany. Reasons for this can be found in the lack of objectives in controlling and in the effects of poor management styles during restructuring. This figure can also often be attributed to the alternating relationship between corporate crises and employees. Destructive feelings arising from the crisis, such as anxiety and stress perception of the employees, resulting in a lack of motivation, which further accelerates the crisis process by reducing the productivity of a company. Against this background, it is important to find ways to motivate employees during a restructuring process in order to ensure that it achieves its objective of protecting the company from insolvency.
The objective of the study is therefore to understand the motivation of employees in the context of a company crisis.
The paper aims to give the reader a theoretical insight into the phases of a company crisis and then to show the resulting effects on employees. Building on this, a method for motivating employees is presented, which is then applied in practice in a concrete example of a medium-sized company. The application of the method is only explained and illustrated in the course of the practical context. The aim of the work should not be to demonstrate the effectiveness of the method itself. Rather, the aim is to investigate the significance and implementation of employee motivation method in connection with a successful restructuring method. At the end of this paper, the reader will be shown the practical application of the used method of employee motivation in a company restructuring. This should finally answer the question of how employees can be motived when a mid-size company is facing re-structuring.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Research questions and reflection
- The aim of the work
- The current state of research
- Structure and methodology
- Companies and employees in times of difficulties
- Phases of corporate crises
- Effects on employees
- Goal-Setting-Theory after Locke and Gary Latham
- Implementation in the company
- Project overview
- Goal setting and employee participation
- Evaluation and interpretation
- Summary and outlook
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This work examines the impact of corporate crises on employee motivation and explores strategies to maintain employee motivation during restructuring processes within mid-sized companies. The main objective is to identify practical methods for motivating employees while simultaneously protecting the company from insolvency.
- The relationship between corporate crises and employee motivation.
- The impact of restructuring on employee morale and productivity.
- The application of Goal-Setting-Theory in a corporate crisis context.
- Practical strategies for maintaining employee motivation during restructuring.
- The importance of employee participation in the goal-setting process.
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: This chapter introduces the phenomenon of corporate insolvencies in Germany, highlighting the significant number of companies facing this challenge. It emphasizes the link between corporate crises and employee motivation, suggesting that employee demotivation can exacerbate the crisis process.
- Research questions and reflection: This chapter outlines the specific research questions guiding the work, including the aim of the study and a brief overview of existing research in the field. It also provides an overview of the study's structure and methodology.
- Companies and employees in times of difficulties: This chapter delves into the nature of corporate crises, describing various phases and outlining the potential effects on employees. It introduces the concept of Goal-Setting-Theory as a framework for understanding and addressing employee motivation in challenging times.
- Implementation in the company: This chapter focuses on practical implementation within a company facing restructuring. It covers project overview, the role of goal-setting and employee participation in the process, and the evaluation and interpretation of results.
Schlüsselwörter (Keywords)
The key focus of this work lies in understanding the intricate relationship between corporate crises, employee motivation, and restructuring processes. Key concepts explored include employee demotivation, Goal-Setting-Theory, employee participation, and strategies for maintaining productivity during periods of organizational change.
- Citation du texte
- Felix-Sebastian Ament (Auteur), 2020, Companies Under Crisis. How to Motivate Employees Whilst Facing Restructuring?, Munich, GRIN Verlag, https://www.grin.com/document/916289
