EMPLOYEE MOTIVATION AND PERFORMANCE OF SELECTED MOTOR SPARE PARTS DEALERS
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EMPLOYEE MOTIVATION AND PERFORMANCE OF SELECTED MOTOR SPARE PARTS DEALERS
ABSTRACT
Employee motivation plays an important role in all private and public organisations. Organisations cannot function and achieve their desired aims and objectives without encouraging their staff.
The primary goal of this research was to determine the impact of employee motivation on employee performance at selected motor spare parts merchants in Lagos State.
The purposeful sampling technique was used to pick 210 respondents, 70 from each organisation. The data for the current research study was gathered from the employees of the selected motor spare parts companies utilising a structural questionnaire.
The acquired data was evaluated using descriptive statistics (mean and standard deviation) and inferential statistics (correlation and regression analysis). The current study’s findings show that employee motivation has a favourable and significant impact on employee performance at selected motor spare parts dealers in Lagos.
The report suggests that motor spare parts merchants prioritise staff motivation because productivity and organisational growth are dependent on how readily available and engaged the personnel is.
Chapter one
INTRODUCTION
1.1 Background of the Study
Global passenger car sales are expected to reach 78.6 million units in 2017. Along with China, the United States is one of the world’s largest vehicle markets, both in terms of manufacturing and sales.
In 2016, around 6.9 million passenger automobiles were sold to customers in the United States, with approximately four million vehicles manufactured in the same year.
In the early 1900s, Ford utilised assembly line automobile production to mass-manufacture its Model T, making the United States a vital automotive market. Today, Ford Motor Company remains one of the world’s major producers of passenger cars, with the Ford Focus being one of the best-selling light vehicles in 2016.
Toyota, Volkswagen, and Daimier were the top three revenue-generating automakers in 2016, while Bosch, Continental, Denso, and Magna dominated the automotive supply business. Following global initiatives such as the Paris Agreement, various governments throughout the world are imposing stronger emissions regulations on new car models.
As a result, automakers are beginning to expand their operations into the electric mobility market. Germany is likely to lead the way, producing over 1.3 million electrified vehicles by 2021. Over the next decade, internet-connected car technologies and self-driving vehicles are expected to spark yet another revolution in the automotive industry.
In 2016, over 40% of respondents in the United States said they were willing to utilise completely autonomous vehicles because they were safer than conventional cars. The global market for autonomous driving hardware components is predicted to increase from $400 million in 2015 to $40 billion in 2030.
The worldwide auto industry is constantly in motion, with new models and designs changing the shape and performance of automobiles. However, few periods in automotive history have matched today’s rate of development.
Over the next five to 10 years, five themes will dominate, each bringing with it unique problems for auto industry executives. In this complex context, automakers can no longer expect to be everything to everyone. There are just too many technical possibilities, markets, and social and demographic shifts to consider.
And, as the competitive landscape becomes more intense, being average at many things will no longer suffice; businesses must choose their bets and become exceptional at the things that genuinely matter to the people they have chosen to serve.
The global economy’s recovery and development into new markets are driving industry growth in terms of increased M&A activity, site relocations, and vertical integration of businesses around the world. The new factors have a considerable impact on the sales of major automobile manufacturers.
Both passenger car and commercial vehicle manufacturers want to increase their self-sufficiency throughout the value chain. In the near future, large investments are likely to pour into the vehicle business, particularly in the component sector and new manufacturing facilities.
Shifting consumer preferences, climate policies, and technological breakthroughs are increasing demand for environmentally friendly, fuel-efficient, and smart vehicles. In particular, hybrid vehicles continue to have a promising medium-term outlook.
Demand for commercial cars is also likely to increase in emerging nations as the economy recovers. In particular, increased building activity in these regions will drive up demand for heavy trucks, buses, and other commercial vehicles. This new research gives a detailed examination of automobile markets around the world, covering passenger and commercial vehicles.
The report’s graphs and tables show market growth over two time periods: 2005 to 2017 and 2018 to 2025. The 2018 market circumstances in the worldwide automobile sector are examined using a complete SWOT analysis, evolving trends, industry drivers, and restraints. In addition, the study examines manufacturers, importers, and exporters, as well as their growth strategies.
Revenue for the Global Car and Automobile Manufacturing industry is predicted to rise in the five years leading up to 2017, aided by improving economic conditions such as rising disposable income.
Another driving reason behind the industry’s expansion has been the beneficial economic climate established by central banks around the world. Developed economies such as the United States, Japan, and the European Union used monetary stimulus to boost economic growth, with various degrees of success.
Algeria’s automobile sector is one of the largest on the African continent (together with South Africa, Egypt, and Morocco) and can produce over 500,000 vehicles each year. Renault is the leading manufacturer, accounting for an estimated 25.5% of the national automobile market.
Other automakers represented include Volkswagen (second largest), Peugeot, Hyundai (fifth largest), Nissan, and Fiat. In 2014, Daimler and the Ministry of Defence formed a partnership to manufacture trucks and armoured cars
with 17,000 Mercedes units produced annually in accordance with international quality standards used by Mercedes at its plants around the world, while the remaining quota will be owned by German mechanical industry companies.
The same standards will be applied in both Tiaret, which will produce 10,000 G-Class SUVs and utility waggons of average size per year, and the engine production site in Constantine
which will produce 26,000 water-cooled engines by licence for the Marks Meto – Deutz – Daimler respectively, to prepare the cars and industrial machinery, agricultural machines and public works machines, as production will begin in 2014.
The National Company of Industrial Vehicles (SNVI) in Rouiba, as part of an Algerian-German-Emirati investment project, will assemble five truck models, Actros, Atego, Axor, and Unimog, as well as other bus models, totaling approximately 15,000 trucks and 1,500 buses in 2018 and 2019.
In October 2015, the Iran Khodro group announced plans to establish a car assembly plant in Algeria, 300 kilometres from Algiers, to produce 30,000 cars per year. The group has three options for this, including the relocation of the Senegalese assembly line, Bardo (pick-up), and the establishment of a new chain.
In December 2015, an agreement was announced between an Algerian business and the Iranian automaking group Saipa to produce the X100, Tiba I and II, Saina, and Pride in the nation by mid-2016.
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