Starting My Business If I was able to get a business off the ground on short resources, I would want to build a company that not only motivated my employees but also provided a positive work environment. As the owner operator of my business I would focus on two important factors. In my experiences I found that when the work environment is positive work can be a fun place to be. I would allow my employees to speak their minds and voice their opinions. I would reward their efforts with perks such as allowing them to leave work early once a week. Provide additional compensation for goals that are met. Motivated employees play a crucial role in creating a company’s sustainable competitive advantage. Incentives that motivate an employee both intrinsic and extrinsic can be helpful. As Thompson states, “Intrinsic means internal or inside of yourself. When you are intrinsically motivated, you enjoy an activity, course or skill development solely for the satisfaction of learning and having fun, and you are determined to strive inwardly in order to be competent. There is not external inducement when intrinsic motivation is the key to behavior or outcome. Extrinsic means external or outside of yourself. This type of motivation is everywhere and frequently used within society throughout your lifetime. When you are motivated to behave, achieve, learn or do based on a highly regarded outcome, rather than for the fun, development or learning provided within an experience, you are being extrinsically motivated”. Whether it be intrinsic or extrinsic an employee’s motivation is crucial to a successful work place.
References:
Thompson, N. Mar 12, 2014; The Difference Between Intrinsic Motivation & Extrinsic Motivation. Retrieved from: http://www.livestrong.com/article/174305-the-difference-between-intrinsic-motivation-extrinsic-motivation/
References: Thompson, N. Mar 12, 2014; The Difference Between Intrinsic Motivation & Extrinsic Motivation. Retrieved from: http://www.livestrong.com/article/174305-the-difference-between-intrinsic-motivation-extrinsic-motivation/