Successful Management by Motivation: Balancing Intrinsic and Extrinsic Incentives

Successful Management by Motivation: Balancing Intrinsic and Extrinsic Incentives
ISBN-10
3662101327
ISBN-13
9783662101322
Category
Business & Economics
Pages
306
Language
English
Published
2013-03-09
Publisher
Springer Science & Business Media
Authors
Bruno S. Frey, Margit Osterloh

Description

Motivated employees play a crucial role in creating a companys sustainable competitive advantage. Successful Management by Motivation shows that in a knowledge-based society, this goal cannot be achieved by extrinsic motivation alone. Pay for performance often even hurts because it crowds out intrinsic motivation. To succeed, companies have to find ways of fostering and sustaining intrinsic motivation. With the help of in-depth case studies, representative surveys, and analysis based on a large number of firms and employees, this work identifies the various aspects of motivation in companies and shows how the right combination of intrinsic and extrinsic motivation can be achieved.

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