One of the biggest problems of the business world at present is keeping the employees or the concerned parties motivated about the cause. It is the lack of motivation that results in an employee leaving the job and taking on the struggle of being an entrepreneur. Therefore, for each and every business person it is imperative to have an understanding about the puzzle of motivation so that it could be solved in the best way to ensure prosperity and success.
Motivation has been a subject of study among psychologists for about a century now. The approaches and methodologies that worked century ago were refused a few decades later, and the ones that were presented a few decades ago have now lost their utility and are considered futile. The lines below discuss the biggest contemporary misconceived motivation factor and the true factors that help solve the puzzle of motivation.
Misconceived Motivation Factor:
The contemporary misconception about motivation is the application of reinforcement approach, where every achievement is to be rewarded whereas every lag in performance is to be penalized. Over the years this approach has worked, however, now researchers have started to conduct research on this approach, which has led to questioning the authenticity of this approach.
According to numerous researches conducted under numerous situations and circumstances, the extrinsic reward approach works only in mechanical types of work. Therefore, in mechanical works, setting a higher reward means higher performance. However, on the other hand, work that involves creativity does not get any help from this approach as according to scientists, setting a reward limits the scope of a person thus not letting him think outside the box. Therefore, setting greater rewards for creative work means poor performance.
This shift in the effectiveness of extrinsic motivation has caused a change in the way businesses keep the employees motivated and the deviation from these extrinsic motivation factors is what causes the birth of an entrepreneur. Therefore, an entrepreneur is a person who nourishes and breeds motivation intrinsically.
The counter to extrinsic motivation and the solution to the contemporary puzzle of motivation is intrinsic motivation. Researchers believe that besides the limited mechanical jobs, it’s the intrinsic motivators that encourage creativity and boost the spirit of creativity and thinking out of the box among people. This creativity and thinking out of the box is what is the foundation of entrepreneurship.
According to researchers there are three factors that combine to give intrinsic motivation. If you analyze and observe these factors closely then you will come to realize the fact that these factors are what entrepreneurs crave for in their life. The three factors of intrinsic motivation that help solve the motivation puzzle are as under:
Autonomy- The first intrinsic motivator is autonomy, which refers to control over your life. It involves the way you live, the way you dress, the time when you come to office, the way you work and so on. Having complete control over the way you want things done to achieve a particular objective is what motivates people the most. Isn’t this what entrepreneurship is all about?
Mastery- The second intrinsic motivator is mastery that refers to the desire to be better and better. To achieve the best and keep on improving the performance standards is what mastery is concerned with the most. Isn’t an entrepreneur fond of mastery?
Purpose- Above all the one single intrinsic motivator that diminishes the importance of the rest of motivators either intrinsic or extrinsic is purpose. Purpose refers to doing something meaningful and that is larger than the desires and wishes of a single purpose. Those who perform a job with some purpose in mind are the ones who are most motivated about it. Aren’t entrepreneurs the most purpose full beings?
Now it’s Your Turn!
Do you prefer extrinsic or intrinsic motivators? Which motivational factors keep you committed to the cause? Are you a fan of reinforcement? How do you apply it in your environment? Share your precious thoughts with us.