Three Main Theories on Motivation are 1. Optimal-level Theory, 2. Psychoanalytic Theory 3. Humanistic Theory!

We will discuss motivation theories under two categories: need-based theories and process theories.

Motivation is classified into four broad categories: content theories, process theories, decision-making theories, and sustained-effort theories–drawing from different theories and measures. Recommendations on measurement are developed for each classification scheme of motivation.

The two types of motivation are intrinsic motivation and extrinsic motivation. Intrinsic motivation can arise from the self-generated factors that influence people’s behav- iour. It is not created by external incentives.

Intrinsic and extrinsic motivation are the two main types of motivation and represent all motivational drivers. Intrinsic motivation describes all motivational-types driven by internal rewards while extrinsic motivation describes all motivational-types driven by external rewards.

However, the most common one is to classify them according to four general types, namely: need theory; expectancy theory; equity theory; and goal setting theory. These are considered as the formal motivation theories.

Motivation comes from two places:

• Intrinsic motivation: This is when motivation comes from “internal” factors to meet personal needs. We do things we do because we enjoy them, not because we have to.
• ​Extrinsic motivation: This is when motivation comes from “external” factors that are given or controlled by others.

Different types of motivation are frequently described as being either extrinsic or intrinsic: Extrinsic motivations are those that arise from outside of the individual and often involve rewards such as trophies, money, social recognition, or praise.

2 types of motivation explained

• Intrinsic motivation: This is when motivation comes from “internal” factors to meet personal needs. We do things we do because we enjoy them, not because we have to.
• ​Extrinsic motivation: This is when motivation comes from “external” factors that are given or controlled by others.

Motivation theory is the study of understanding what drives a person to work towards a particular goal or outcome. It’s relevant to all of society but is especially important to business and management. That’s because a motivated employee is more productive, and a more productive employee is more profitable.

The major theories of motivation can be grouped into three main categories: physiological, neurological, and cognitive. Physiological theories suggest that responses within the body are responsible for emotions.

Intrinsic Motivation. It is a type of motivation in which the motives originates from inside the human body.

Intrinsic Motivation. Intrinsic motivation is inspired solely from the interest and enjoyment that a person finds in an activity.

Some of the contemporary / modern theories of motivation are explained below: ERG Theory McClelland’s Theory of Needs Goal Setting Theory Reinforcement Theory Equity Theory of Motivation Expectancy Theory of Motivation