Extrinsic Motivation: What Is the Difference? To understand both intrinsic and extrinsic motivation in management and how to intrinsically motivate employees for a successful, highly productive workplace, you’ve come to the right place! Our experts at Trust Well Network are here to break it down. Why is intrinsic motivation so important? While extrinsic is still a great form of motivation (and one that we will define later in this article!), intrinsic motivation focuses on doing something out of enjoyment or interest - a more long-lasting form of motivation. These two forms of motivation are essential to understand, with intrinsic motivation in the workplace being an often overlooked yet highly effective method for success. This is where extrinsic and intrinsic comes into play. But what makes employees so motivated? It’s not necessarily just higher pay, but other rewards and praise, too. When it comes to the success of a business, fostering motivation in employees is essential to creating a hard-working, effective, and ultimately flourishing business.Ī highly motivated team is productive - working diligently towards an end goal that benefits the business as a whole.
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