The Right Way to Motivate Your Team: Understanding the Power of Intrinsic Rewards
/Many management systems overlook the key component of any successful organization – the people. Systems and procedures are designed to meet various financial objectives, but rarely do they prioritize the human factor. But if you design systems to maximize the intrinsic motivations and fulfillment of your team, you’ll have a better chance of meeting your objectives than if you just focus on the objectives themselves.
The organizational approach to motivation, rewards, and incentives is still stuck in the past. There is still the belief that if you want to motivate your people, you just need to increase the rewards or increase the punishment.
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