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Academic Leadership Journal

Abstract

The classical economists of the 19th-century had the idea that individuals choose to maximize profits in every relation that they ever get involved in. Both the contemporary economists and educationists have equally held strongly to this belief (Kottak, 2005). For this reason, both individual psychologists and economists have shown a great concern about how best to achieve motivation (in the industrial/ economic setting) in order to produce the desired results of profit maximization (Ibid, 2005). Such a concern is, nevertheless, a worthwhile concern since productivity can be said to be the raison detre of any management and that of any establishment built for progress. Without such motivation that suits the requirements of the individual or group employees, the subject matter of economics – economizing – which refers to rational allocation of scarce means (resources) to alternative ends (uses, results, production) cannot be achieved.

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