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Category: Entrepreneurial

  • Understanding the negative impacts of extrinsic rewards

    Via fMRI techniques it has been observed by doctors the world over that extrinsic rewards act as an enticement to addict humans in order to pursue risk seeking behavior.

    The enticement of rewards stimulate the flow of dopamine and excite an area of brain known as Nucleus Accumbens.Since this is a dopamine driven addiction hence the effect is short lived.

    Just like with any other addiction , only the temporary excitement is over the mind seeks more of the pleasure.

    Adopted from Daniel Pink’s book Drive , this shows the harmful impacts that extrinsic rewards can cause in our lives.

  • Motivational techniques for stimulating creative and innovative work

    Creative and innovative work need a new motivational technique , named as Motivation 3.0 by Daniel Pink in his book Drive.

    For stimulating creativity and innovation , extrinsic rewards can hardly be the solution since money cannot buy true will.

    So what is required is providing the requisite autonomy to stimulate the mastery driven by a sense of purpose.This model is based on Intrinsic Motivation and has been coined as Motivation 3.0 by Daniel Pink in his book Drive.

  • Motivational techniques for stimulating routine work

    Routine bound work , dreary , mundane work is something we associate with work that is outsourced to developing countries as well as factories the world over.

    Since the work is routine , monotonous hence workers need to be continuously motivated to drive desired results.

    For Left Brain oriented work where work is routine and boring , extrinsic awards have been the way to go over the years.

    The rationale behind this is that Rewards would stimulate desired behavior and compliance whereas punishment would limit non compliance.

    This has been mentioned in great details , as Motivation 2.0 by Daniel Pink in his book Drive

  • These are the Five Steps towards Mastery

    The five steps towards Mastery which is an essential component of the modern day intrinsically motivated Motivation 3.0 model , involves the following 5 components:

    1. Deliberate practice has only one objective – to improve performance
    2. Repeat , repeat and repeat again and again
    3. Seek constant and critical feedback
    4. Focus ruthlessly on where you need help
    5. Prepare for the process to be mentally and physically exhausting

    Adopted from Daniel Pink’s book Drive

  • This is how PRAISE can stimulate intrinsic motivation

    Praise is a very important tool at the hands of Great Leaders and when used in the right manner can drive intrinsically motivated behavior.

    The following 4 ways is when PRAISE can stimulate Type I , intrinsically motivated behavior.

    1. Praise effort and strategy , not intelligence
    2. Make praise specific
    3. Praise in private
    4. Offer praise only when there is a good reason for it

    Adopted from Daniel Pink’s book Drive

  • How to Promote Goldilocks for groups?

    To build a high performance team based on intrinsic motivation we can promote goldilocks for groups based on the following 4 principles:

    1. Begin with a “diverse” team
    2. Make the group a “no competition” zone
    3. From time to time try task-shifting
    4. Animate with PURPOSE , do not MOTIVATE with REWARDS

    Adopted from Daniel Pink’s book Drive

  • Designing an “Intrinsically Motivated” environment

    Adopted from Daniel Pink’s book Drive..

    The design of an intrinsically motivated environment would involve the following:

    1. Create an environment where people feel good about participating
    2. Give users the requisite autonomy to exercise mastery based on a sense of purpose
    3. Keep the system as open as possible
  • This is the quality that separates Leaders from Followers

    Leaders are always optimistic while advancing the JUST CAUSE with the help of followers.

    The following quote from Steve Jobs mentions the sole quality that stands out and separates leaders from followers.

    “Innovation distinguishes between a leader and a follower.”

  • This quote highlights why Progression is the other name of life

    What we do when we get success is very important.Sitting or resting on past laurels can never do any good since life moves on.

    Progression is the name of life and is highlighted very aptly by this following quote of Steve Jobs..

    “I think if you do something and it turns out pretty good, then you should go do something else wonderful, not dwell on it for too long. Just figure out what’s next.”

  • Why shortcuts cannot replace persistence, tenacity, and dedication?

    The following quote from Steve Jobs makes it clear that there can never be shortcuts to success.

    “I’m convinced that about half of what separates successful entrepreneurs from the non-successful ones is pure perseverance.”