- Extrinsic vs intrinsic motivation relationship between how to#
- Extrinsic vs intrinsic motivation relationship between full#
Yes, that’s where Peter gets his real juice from.ĭon’t tell this story to the supervisor, unless you want to confuse the living day lights out of the poor soul. It’s a validation of a personal triumph – a resounding victory over the guys who once made fun of his speech.
Extrinsic vs intrinsic motivation relationship between full#
A successful sales career was a natural progression, where Peter made full use of his ‘new-found’gift-of-the-gab’ to win over customers, and is today a top performer in his company.Įvery time he wins a prize at an ‘R&R gala evening’, Peter secretly pumps his fist and ticks an invisible check-box in his mind. After all, they go back a long way – to the time when Peter’s stammer made him the butt of jokes in high school.ĭetermined to ‘show them’ his true colors,Peter worked hard at his ‘fault’ – not only overcoming it but going onto become a delightful speaker who regaled audiences with wit and eloquence onstage. What do you think can be the reason? Is it intrinsic motivation or extrinsic motivation, or is there some other reason behind this? As his supervisor, you may think it’s the incentive that’s doing the trick.īut Peter’s best friend, who often celebrates these wins over a beer with the rockstar after work hours, knows the real back-story. Appropriate report formatting (title page, table of contents, introduction and appropriate headings) (6 marks) k.Peter in sales closes more deals every month than his peers. Conclusion: use the information in your previous answers to develop recommendations for determining compensation that enhance job satisfaction and work motivation.(4 marks) 3 j.
Extrinsic vs intrinsic motivation relationship between how to#
How to structure an executive compensation committee to achieve the best outcomes. Why an executive compensation committee may provide benefits in determining compensation. What role do fairness considerations have when determining compensation? (4 marks) g. How might the time period when employee receives a financial benefit influence they desire for the benefit? (4 marks) f. How might an employee’s attitude to risk influence their desired compensation package? (4 marks) e. Explain the difference between extrinsic and intrinsic motivation and the relationship between the two motivations (6 marks) d. Outline the key assumptions of traditional agency theory and their influence on approaches to compensation (8 marks) c. Typical elements of compensation packages (6 marks) b. Required: You are Susan’s assistant and you have been asked to prepare a report that is backed by scholarly literature addressing the following issues regarding approaches to compensation: a. Susan Bold explains that intrinsic considerations need to be taken into account in determining executive compensation. Bill Strong is trained in economics and argues that the conventional agency theory approach to executive compensation where employees receive monetary benefits helps motivate employees. Members of the board have been questioning the current approach to executive compensation that rewards employees with company shares that are held in trust for three years before employees are able to sell the shares. A recent employee survey revealed falling levels of employee motivation. Although the Strong Built Construction Company has been successful in maintaining its revenue levels, profit before tax has fallen. His dynamic personality and leadership charisma are attributed to the success of the Strong Built Construction Company in maintaining revenue at similar levels for the last two years, while other construction companies have faced drops in revenue. Bill has a high public profile and is well-known in the construction industry.
The construction industry has been in a downturn due to government austerity measures.
At a recent board meeting discussions arose about profitability and the compensation of executives. After an extensive executive search, Susan Bold has recently appointed as the new Chief Financial Officer (CFO) of the Strong Built Construction Company. Bill Strong is the founding director and Chief Executive Officer (CEO) of the Strong Built Construction Company.
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