Source: Ted Talks: Dan Pink on the surprising science of motivation
Dan Pink discusses business methods and motivation versus scientific findings on motivation. When compared are they adding up?
Several scientific studies on motivation have proven that the higher the incentives the less effective are the results. This is especially true in rudimentary cognitive skills. The larger the tangible rewards the smaller are the results. Large tangible rewards do not foster an entrepreneurial mindset or creative environment.
Dan Pink’s solution to this old school method of motivation is to offer employees autonomy. If you pay people accordingly and money is no longer the issue a company is able to offer autonomy. This autonomy method of management is starting to be seen in companies like Google and contributes to their innovative nature. Dan discusses the ROWE method. It leaves employees to decide for themselves how and when they will complete their jobs. It does not matter as long as the work gets completed. These types of environments create heightened productivity and creativity and lead to more innovative businesses.
As young aspiring entrepreneurs it is important for us not only to recognize trends in business and technology but also in management and company cultures and ownerships.
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