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To help maximize your team’s productivity and save some money, it’s vital that you mix it up a bit with rewards beyond fatter paychecks. A recent study done by Stanford University shows that employees are actually about 15% more productive when they work from home compared to the office. Or enough for the employees in many cases.
In this post, we'll dive into the two types of motivation -- intrinsic and extrinsic -- to learn the differences between the types, the benefits of each, and how to use both types to inspire productivity. Definitions of Intrinsic and Extrinsic Motivation. What Is Extrinsic Motivation? What Is Intrinsic Motivation?
So make your mornings easier and set yourself up for a productive day with these quick morning motivation exercises. Not to mention that many extremely productive CEOs also get to the office uber-early. 11 Rituals to Build Motivation in the Morning. Get up early. Optimize your alarm. Remind yourself of your wins.
However, sometimes, extrinsic motivation can be provided to the person for him to complete a task. For example, let’s say you are selling a “product.” Now, it may not be a physical product but a service that requires an ongoing relationship with the customers even after the deal is closed. Pre-sales incentives .
Scarcity is the phenomenon where, when a product or service is limited in availability (or perceived as being limited), it becomes more attractive. As you’ll see from the examples below, scarcity is heavily predicated on the idea that others desire the product/service, and that in order to get in on the goods, you’ve gotta act now.
It involves convincing potential customers to purchase products or services, and it plays a vital role in driving revenue and growth. It involves a combination of intrinsic and extrinsic factors that fuel their passion and commitment to delivering outstanding results. Sales is a crucial aspect of any business.
Promote internal communication that is both open and substantive (especially under stress); seek poise in myself and those I lead. They define the way we do just about everything: from product to marketing to support to our personal lives. The yin and yang of intrinsic versus extrinsic. 7) Why do you have values? They run deep!
How to Use It: If buying and using your product is a mental task, incentivizing behavior can work, but you must run tests to quickly find the point where incentives begin to backfire. If buying and using your product is a physical task, incentivizing behavior will work well and you can offer high incentives without fear of backfire.
After setting their team’s vision and overarching strategy, visionary managers usually let their employees get to work on their own terms, as long as they’re productive. A visionary manager communicates a purpose and direction that her employees believe in, which convinces her team to work hard to execute her vision. Conclusion.
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