Description
Determine which is better for an organization to foster extrinsic motivation in its employees or intrinsic motivation in its employees
Analyze the challenges an organization faces to motivate employees in today’s economic and competitive environments.
Explanation & Answer
It is important to understand the differences between intrinsic and extrinsic motivating forces, and learn to use them simultaneously to enhance your team or company’s performance.There is no doubt that motivation is the driving force by which humans achieve their goals. Motivation can be intrinsic or extrinsic. Intrinsic motivation is driven by an interest or enjoyment in the actions required to achieve a goal, without relying on external rewards or pressures. Extrinsic motivation is the opposite and requires external rewards such as money or external consequences such as demotion.
The most effective way to motivate your team is by enhancing both intrinsic and extrinsic motivating forces.
These are some examples of how you can achieve this in your company:
- Create a compelling vision and set clear goals (extrinsic) and enhance your company culture and working conditions so employees love what they do and set their own goals (intrinsic)
- Recognize employees based on their outputs and achievements (extrinsic) and also on their inputs and behavior such as collaboration that are in alignment with your company values (intrinsic)
- Challenges:
2 - Recognize, Reward and Reinforce the Right Behavior
3 - Involve and Engage
4 - Develop Skills and Potential
5 - Evaluate and Measure
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