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The puzzle of motivation- Dan Pink |
Podcast review |
A Summary of the principles, behaviors, or attributes reflected in the podcast
The key message from the Dan Pink’s puzzle of motivation is that, in the 21st century, motivation to employees does not work through the extrinsic benefits like financial incentives but through the intrinsic benefits as they are of self interest. He uses an experiment of karl Dunker’s on behavioral science “ The candle problem” to show case his opinion that when financial incentives are given to employees it limits the creativity and they perform worse. The results of the research conducted by the Federal ...view middle of the document...
Pink give 3 examples in his presentation on success of adopting intrinsic benefits over financial benefits. He speaks about the Australian software company called Atlassian’s ,which adopted a concept of giving an opportunity to their employees to work on their cool ideas which are not related to work for 24 hours and present them. This resulted in development of many cool products in 24 hours and motivated employees. Another example he used is “Google” where employees are encouraged to use Google’s recourses to work on their own ideas for 20 percent of their work time. Gmail, Orkut and Google news are the result of it. The best example he used to differentiate the results based on extrinsic and intrinsic motivation is success of Wikipedia over Microsoft’s encyclopaedia called Encarta. Microsoft paid professionals to write and edit the articles where as Wikipedia was open for people to write their articles and information and they were not paid any amount, and people wrote on Wikipedia with self-interest. The above cases on application of the principles, shared by Dan prove that the intrinsic factors motivate people to work efficiently than the extrinsic in business environment.
How I would apply these management principles as a manager