What role does Motivation play in Business Leadership?
Motivation is another essential psychological force that influences business leadership. Leaders must understand what drives their employees and how to harness those motivations to achieve organizational goals. This often involves recognizing intrinsic and extrinsic motivators. Intrinsic motivation comes from within the individual, such as personal growth and job satisfaction, while extrinsic motivation involves external rewards like bonuses and promotions. By aligning these motivators with the company’s objectives, leaders can inspire their teams to perform at their best.