Extrinsic motivation uses rewards and punishments to change behavior. Effective for simple tasks, not for complex and creative work. Shift to intrinsic motivation is needed.<ul><li class="ql-align-justify">Short-term focus: External rewards drive short-term performance but cause long-term disengagement.</li><li class="ql-align-justify">Unintended consequences: The carrot-and-stick method can lead to unethical behavior and decrease intrinsic motivation.</li><li class="ql-align-justify">Ineffectiveness for creativity: Financial incentives can hinder performance for creative tasks.</li></ul>

The Limitations of Extrinsic Motivation

"The only way to do great work is to love what you do."

Intrinsic motivation is key for a successful and happy workforce. Move away from external rewards and focus on autonomy, mastery, and purpose for long-term success and a positive workplace culture.<ul><li class="ql-align-justify">Embrace intrinsic motivation for a motivated, productive, and satisfied team</li><li class="ql-align-justify">Shift away from external incentives and prioritize autonomy, mastery, and purpose</li><li class="ql-align-justify">Experience sustained success and a thriving workplace culture</li></ul>

Achieve Success Through Intrinsic Motivation

"When people are financially invested, they want a return. When people are emotionally invested, they want to contribute."

"Most powerful is he who has himself in his power."

Extrinsic rewards can diminish intrinsic motivation, leading to lower engagement and performance over time.<ul><li class="ql-align-justify">Extrinsic rewards can stifle the natural curiosity and motivation to learn seen in children</li><li class="ql-align-justify">Promising rewards for activities can reduce interest and enjoyment, as seen in experiments with children</li><li class="ql-align-justify">Relying on external incentives erodes the intrinsic drive to explore, learn, and achieve</li></ul>

The Detrimental Effects of Extrinsic Promises

Striving for meaningful goals, rather than extrinsic rewards, leads to greater happiness and fulfillment.<ul><li class="ql-align-justify">Personal Development: Emphasize that goals focused on personal growth and helping others are more fulfilling and offer a path to self-discovery and personal transformation.</li><li class="ql-align-justify">Increased Well-being: Meaningful goals improve psychological well-being and reduce stress and burnout.</li><li class="ql-align-justify">Community Impact: Linking work to social contributions enhances the sense of purpose and motivation.</li></ul>

The Pursuit of Meaningful Goals

Employees thrive with autonomy and flexibility, leading to higher motivation, innovation, and commitment.<ul><li class="ql-align-justify">Autonomy: Allow employees to manage tasks and time, fostering their creativity and motivation</li><li class="ql-align-justify">Flexibility: Take cues from companies like Google and Medius, who provide flexibility resulting in high employee satisfaction and innovative products</li><li class="ql-align-justify">Empowered Teams: Involve employees in decision-making and leadership roles to enhance commitment and reduce turnover</li></ul>

Promoting Self-Determination in the Workplace

"The greatest danger in times of turbulence is not the turbulence; it is to act with yesterday's logic."

Intrinsic motivation, or Motivation 3.0, is driven by internal satisfaction and the joy of doing something meaningful. This type of motivation is powerful and sustainable.Self-Driven Engagement: Individuals are motivated by autonomy, mastery, and purpose, leading to higher engagement and satisfaction.Autonomy in Work: People perform better when they have control over their work, including when, what, and how they do it.

The Power of Intrinsic Motivation

The pursuit of perfection and the state of flow can drive individuals to excel in their fields, leading to increased performance and satisfaction. These concepts involve continuously striving for improvement, immersing oneself in tasks, and believing in the potential for growth and development. By embracing these ideas, individuals can unlock their full potential and achieve incredible results. 🚀<ul><li class="ql-align-justify">⭐ Pursue perfection</li><li class="ql-align-justify">🌊 Find your flow</li><li class="ql-align-justify">🚀 Embrace a growth mindset</li></ul>

The Keys to Success: Perfection and Flow

"We are what we repeatedly do. Excellence, then, is not an act, but a habit."

"The purpose of life is not to be happy. It is to be useful, to be honorable, to be compassionate, to have it make some difference that you have lived and lived well."

Today, we understand that intrinsic motivation, driven by personal satisfaction and fulfillment, is the key to unlocking true potential. Let's delve into the principles of intrinsic motivation and how they can revolutionize performance and satisfaction in the workplace.

Forget everything you thought you knew about how to motivate people - at work, at school, at home. It's wrong. As Daniel H. Pink explains in his new and paradigm-shattering book DRIVE: THE SURPRISING TRUTH ABOUT WHAT MOTIVATES US, the secret to high performance and satisfaction in today's world is the deeply human need to direct our own lives, to learn and create new things, and to do better by ourselves and our world. Drawing on four decades of scientific research on human motivation, Pink exposes the mismatch between what science knows and what business does - and how that affects every aspect of our lives. He demonstrates that while the old-fashioned carrot-and-stick approach worked successfully in the 20th century, it's precisely the wrong way to motivate people for today's challenges. In DRIVE, he reveals the three elements of true motivation: AUTONOMY - the desire to direct our own lives; MASTERY - the urge to get better and better at something that matters; PURPOSE - the yearning to do what we do in the service of something larger than ourselves. Along the way, he takes us to companies that are enlisting new approaches to motivation and introduces us to the scientists and entrepreneurs who are pointing a bold way forward. DRIVE is bursting with big ideas - the rare book that will change how you think and transform how you live.

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Daniel H. Pink is the author of six provocative books — including his newest, When: The Scientific Secrets of Perfect Timing. WHEN has spent 4 months on the New York Times bestseller list and was named a Best Book of 2018 by Amazon and iBooks. Dan's other books include the long-running New York Times bestseller A Whole New Mind and the #1 New York Times bestsellers Drive and To Sell is Human. His books have won multiple awards and have been translated into 39 languages. He and his wife, who live in Washington, DC, have three children -- a college senior, a college sophomore, and a high school sophomore. 

PETER DRUCKER

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