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In sales we are all motivated either intrinsically or extrinsically. Extrinsic motivation is money, public recognition, prizes, and rewards. Lori speaks, writes, trains, and consults with inside sales teams in mid-sized companies. Intrinsic motivation comes from within. Increase Opportunities.
Managers who keep mulling over a decision even after consulting their whole team about it can slow down progress. But psychological research tells us that extrinsic motivation, like financial rewards, wears off in the long-term and even diminishes your employee’s intrinsic motivation to succeed at work. Conclusion.
If you do it correctly, you’ll reap many rewards, intrinsic and extrinsic. This is why I created Xebra Consulting. But ultimately this process is challenging for any org, no matter the size. Change is hard in the beginning, messy in the middle and gorgeous in the end.
However, sometimes, extrinsic motivation can be provided to the person for him to complete a task. Sales reps will always be needed as a part of the consultative process to listen to the prospects’ needs, identify pain points and provide a viable solution. Motivation is not something that is easily found by all.
To examine the concept of personality assessments as a recruitment and on-boarding tool, I spoke with Dr. Greg Barnett, who has a PhD in Industrial/Organizational Psychology, has consulted almost half of the Fortune 500 companies in the personality assessment domain, and is now the Head of Science at the Predictive Index.
For almost a decade, I had the good fortune of working for former McKinsey consultants. Were I focused on the inputs, I would have fleshed out the issue tree to include facets of intrinsic and extrinsic motivation. They taught me two simple, yet valuable, data-driven frameworks. The First Framework: Issue Tree.
In a modern sales environment, a salesperson is really a business consultant. They’re a consultant that just happens to have a predilection for a particular type of solution. And that’s going to wax and wane based on not just the extrinsic piece, right?
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