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 10.1, Problem 10.1AQ
Summary Introduction

To determine: The type of motivator by which an employee is strongly motivated.

Introduction:

An intrinsic reward is the individual’s contentment when he or she accomplish objectives and perform 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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Students have asked these similar questions
Motivational strategies that reward employees for meeting specific performance tar- gets can encourage them to work hard—sometimes too hard. Overwork can contribute to mental and physical health problems as well as interfere with other aspects of employees’ lives. As a manager, how do you determine how much work is too much for your employees?
IN REGARD TO YOUR EMPLOYEES’ MOTIVATION, WOULD YOU SAY IT REFLECTS A MORE SELF-MOTIVATED AND SELF-ENGAGING OUTLOOK, OR IS THERE A CONSTANT NEED FOR SUPERVISION AND EMPLOYEE MOTIVATION STEMS FROM REWARDS (PAY, PROMOTIONS, PRAISE)? PROVIDE EXAMPLES OF HOW SO?
What do profit-sharing plans, stock options, and gain-sharing plans all have in common?  They are systems that reward for results rather than behaviors.  They are systems that reward for behaviors rather than results. They are nonmonetary and noneconomic in nature. They are not effective in motivating performance.
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