Final answer:
The recommended approach is Theory Y, which promotes employee participation and input in decision-making. Intrinsic incentives such as opportunities for personal growth and extrinsic incentives such as rewards and recognition can be included.
Step-by-step explanation:
Theory Y Approach:
The approach that I would recommend to the leader of the Tesla company is the Theory Y approach. Theory Y assumes that people enjoy work and find it natural, and that they are more satisfied when given responsibility and the freedom to set their own work goals. This approach promotes employee participation and input in decision-making and encourages employees to contribute their own ideas.
Intrinsic Incentive:
An intrinsic incentive that can be included in this approach is providing employees with opportunities for personal and professional growth. This can be achieved through offering training and development programs, mentoring, and promoting a positive work culture that fosters learning and self-improvement.
Extrinsic Incentive:
An extrinsic incentive that can be included in this approach is implementing a rewards and recognition program. This can involve acknowledging and rewarding employees' achievements and contributions through verbal praise, bonuses, promotions, or other forms of recognition.
Implementing the Theory Y approach with intrinsic and extrinsic incentives can lead to improved employee motivation and performance at Tesla. Employees will feel valued and empowered, leading to increased job satisfaction, productivity, and overall organizational success.