Posted by Jay Reay on March 28, 1998 at 14:43:59:

In Reply to: Extrinsic vs. Intrinsic Rewards for Performance posted by Yogesh Malhotra on March 26, 1998 at 23:20:10:

This is an extremely important issue for business. It affects owner/key people succession planning and has a great deal to do with the corporate culture which we now accept is a major element in leveraging corporate knowledge.

The various aspects of "reward" which Yogesh articulates will be familair to those of us who have owned/managed business. I particularly like the paradox between getting so involved in doing a good job that "reward" in a monetary sense is irrelevant, and giving up the trappings of power to get back to a reasonable life.

Without wishing to duck the issue, I feel that an approach which works depends upon individual perception of oneself, one's work and one's life - see the seminal work of Claus Moller in this respect. As top managers having to leverage knowledge and wishing to motivate people, a major plank is to create a culture of "worth" and "value" rather than reward based on money. John Scully has interesting insights into such a culture in the heyday of Apple.

An important thread which I would like to see developed. What do you think of my notes?

Jay

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Follow Ups:

• Re: Extrinsic vs. Intrinsic Rewards for Performance Robbert Northolt 03:09:36 3/30/98 (2)
  • Measuring Denham 07:02:04 3/30/98 (1)
    • Re: Measuring Robbert Northolt 01:42:56 4/01/98 (0)

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