As a manager, how are you planning to create a motivational work environment? And how would that affect your team's productivity?

I fully agree with the answers been added by EXPERTS............Thanks.

Managers cannot really motivate people.   The team are highly motivated already - they want to earn money to buy food for themselves and their children.  You cannot materially add to that motivation.  Moreover, humans naturally like working in teams, and if you are a manager you must have a team. 

What managers can, and often do, is de-motivate people.  Fortunately, keeping them motivated is really, really easy.   Be open, honest and fair.  Ensure that the team works together as a team. 

As regards the environment, the main thing is to get the basics as right as you can in your particular circumstances.   Good access to food, water and toilets.   As much natural light as possible.  Adequate equipment that that is safe to use and works.  Understanding when personal life (eg sick children) intrudes into the workplace.  Dealing firmly with team members who are lazy and don't do their fair share.  If possible, a bit of flexibility over working hours.  No petty rules in the dress policy. 

In other words, just make the place somewhere you'd like your just-grown-up children to work in.

Recognition and Rewards system would help Managers to push their team toward sucess business .

The following six techniques will help you create a “motivating environment.”

1. Motivation comes from caring, not scaring. Fear should never be used as a motivation strategy. It may get you what you want now, but it will set you up for what you don’t want in the future in the form of employee anger, resentment, and lack of enthusiasm and commitment. When employees feel that supervisors or managers care about them and that they are perceived as respected and valuable members of the organization, they are more cooperative, enthusiastic and committed to organizational goals, both in the present and in the future.

2. Employee motivation grows and blossoms in the right environment. When employees feel nurtured, appreciated, acknowledged, and respected, they’ll give% of their time, effort, and commitment in return. The job of the manager is to create a work environment that provides employees with the opportunity to attain their goals and experience what they value most in their professional lives.

3. Walk your talk.Modeling the behavior you want from your employees is the most effective way to change any behavior. If you want your employees to arrive on time, you should be in early or at least arrive at an acceptable time. If you want motivated employees, you need to become a role model for motivation.

4. Make work fun.Laughter is not only good for the soul but also is good for the mind and body. Having fun is a basic human need, and when it’s met in the workplace, productivity goes up.

5. Use the law of attraction. The law of attraction states that whatever we focus on we bring to ourselves. If you focus on the lack of motivation in your employees, you’ll find more and more examples of it. When you seek to learn more about motivation and create an atmosphere that fosters it, you’ll find more examples of motivation in the workplace.

6. Foster an ongoing commitment.Motivating employees is an ongoing process because people are continually growing and changing. As they achieve something they want or value, they then seek to achieve more of the same. If motivation is not kept on your managerial front burner, you’ll see the fires in your employees slowly fade and die out.

I would agree with Mr. Vinod's answer...Creating a motivational work environment has become a need and not an option, simply because it aims to motivate people, and that means improving productivity !

A good manager ensures to effectively communicate with his/her employees and making them feel involved and valued. Thus his/her staff becomes motivated and takes interest in their work. There are a few tips that boosts the moral of your staff:

 1-  Delegating tasks and authority is a key professional skill for effective managers 

       and helps you make the most of your time as well as developing others in your

       staff.

2-   Ensure effective communication with your staff.

3-   Keep your staff engaged in their work.

4-   Give them performance rewards.

5-   Build and improve staff loyalty, including ideas about flexible working.

6-   Dealing with and managing conflicts or disagreements between staff members effectively is a key management skill.