Understanding Business
Understanding Business
11th Edition
ISBN: 9780078023163
Author: William G Nickels, James McHugh, Susan McHugh
Publisher: McGraw-Hill Education
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Chapter 10, Problem 1DWS
Summary Introduction

To discuss: The factors which motivate employees to work hard and not work hard in school and on the job. Importance of self-motivation as compared to external reward.

Introduction:

The aspiration that drives one to achieve the set objectives is said as motivation. An intrinsic reward is the individual’s contentment when objectives are accomplished and job is performed efficiently. Intrinsic reward comes from inside the individual.

An extrinsic reward is the contentment from the tangible benefit, generally in the financial form received as recognition for efficient performance. It includes rise in pay, bonuses, and promotions.

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