How Can Leaders Use Intrinsic and Extrinsic Motivation?
Understanding the difference between intrinsic and extrinsic motivation can help leaders tailor their strategies effectively:
1. Intrinsic Motivation: This type of motivation comes from within the individual. Leaders can foster intrinsic motivation by aligning work with employees' passions, providing challenging tasks, and encouraging a sense of purpose. 2. Extrinsic Motivation: This involves external rewards such as bonuses, promotions, and other incentives. While effective, it should be balanced with intrinsic motivators to create a sustainable motivation strategy.