4min snip

The Prof G Pod with Scott Galloway cover image

Conversation with Dan Ariely — Why People Believe Irrational Things

The Prof G Pod with Scott Galloway

NOTE

**** SIV: intrinsic vs. extrinsic motivation and their effects on performance. **

Companies that focus on intrinsic motivation factors such as appreciation, psychological safety, alignment with company values, and minimizing bureaucracy tend to have better employee performance and overall company success. Intrinsic factors like feeling appreciated, psychological safety for expressing opinions, alignment with company goals, and reducing bureaucracy have a significant impact on employee motivation and effectiveness. Extrinsic motivation elements like salary, bonuses, and health benefits have been found to be less influential in driving performance and stock market success. Intrinsic motivation, particularly factors related to goodwill and creating a positive work environment, play a more critical role in employee satisfaction and productivity.

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