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Financial Motivational Factors Supporting the Optimisation Process

Author

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  • Małecka Joanna

    (Poznan University of Technology, Poland)

Abstract

Objective The research objective of the paper is to present the results of an analysis of financial motivational factors supporting the optimisation process in the implementation of Lean Management concepts on the example of a selected manufacturing company. Methodology To verify the studied issue, a survey was conducted on the relationship of the influence of financial motivation on the reporting of Kaizen requests among the employees of a manufacturing company apart on two groups of employees, that is, two groups of respondents: GIN=1582022 and GIIN=1372023, using a five-point Likert scale. The paper draws on Lean Management and Kaizen literature, academic articles, online sources, analyses of data from 2020–2023 obtained from the analysed company, and empirical results. Mathematical analysis tools were used to describe the research results obtained, allowing for the construction of summaries and the creation of presented conclusions. An estimation model was also developed to allow managers to evaluate existing motivational factors. Findings The research identified a gap resulting from the communication and information flow process operating within the company. A 4 percentage points increase in the effectiveness of the activities carried out, with a 62% level of non-involvement, was observed, indicating the low attractiveness of the current financial motivation factors as a tool to support optimisation processes in the surveyed company. Value Added By carrying out the research, valuable and practical information was obtained, which has been used by company managers to take measures to increase employee motivation and the impact of the financial motivation factor operating within the company to support optimisation processes. Recommendations The current bonus system in terms of financial incentives to support optimisation processes is at an unsatisfactory level for employees. The scoring of applications should be evaluated or the financial value per model evaluation point should be increased.

Suggested Citation

  • Małecka Joanna, 2023. "Financial Motivational Factors Supporting the Optimisation Process," Journal of Intercultural Management, Sciendo, vol. 15(3), pages 78-106, September.
    • Handle: RePEc:vrs:joinma:v:15:y:2023:i:3:p:78-106:n:1
    DOI: 10.2478/joim-2023-0012
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    More about this item

    Keywords

    optimisation; Lean Management & Kaizen; cost minimizing; company objectives; factor productivity; profit maximizing; environment and growth;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • L15 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Information and Product Quality
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth

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