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Rethinking Business Motivation Strategies

Nov 19, 2024

Lecture on Rethinking Business and Motivation

Introduction

  • Confession: Speaker attended law school in the late 1980s but did not excel or practice law.
  • Current Goal: To make an evidence-based case for rethinking business operations, especially in motivation.

The Candle Problem

  • Origins: Created by Karl Dunker in 1945.
  • Task: Attach a candle to a wall without dripping wax on the table using a candle, thumbtacks, and matches.
  • Solution: Overcoming 'functional fixedness'; use the box as a platform for the candle.

Experiment by Sam Glucksberg

  • Objective: Demonstrated the power of incentives using the candle problem.
  • Method: Two groups were timed for solving the problem.
    • Group 1: Timed for norms.
    • Group 2: Offered monetary rewards.
  • Findings: The incentivized group took longer, showcasing how rewards can dull creative thinking.

Broader Implications

  • Robust Findings: Contingent rewards work for rule-based tasks but hinder creative tasks.
  • Mismatch: Between what science knows and business practice.
  • 20th vs 21st Century Tasks: Routine tasks are easily automated; creative, right-brain tasks need intrinsic motivation.

Scientific Studies on Motivation

  • Daniel Ariely's Research: Higher financial rewards can lead to poorer performance on cognitive tasks.
  • London School of Economics: Found financial incentives can negatively impact performance.

Modern Business Motivation

  • Traditional System: Built around extrinsic motivators (carrots and sticks).
  • New System: Focused on intrinsic motivators:
    • Autonomy: Desire to direct our own lives.
    • Mastery: Desire to get better at something that matters.
    • Purpose: Doing work for a larger cause.

Examples of Autonomy in Practice

  • Atlassian's FedEx Days: Encourage engineers to work on anything for 24 hours leading to innovative solutions.
  • Google’s 20% Time: Engineers spend 20% of time on personal projects leading to products like Gmail.
  • Results-Only Work Environment (ROWE): Workers have no schedules, focusing on results which increases productivity.

Case Studies

  • Encarta vs Wikipedia: Demonstrates the power of intrinsic motivation. Wikipedia, based on intrinsic motivators, outperformed Encarta, which used traditional incentives.

Conclusion

  • Science vs Business Practice: There is a critical mismatch.
  • Call to Action: Update motivation strategies to align with intrinsic motivators for better business outcomes.
  • Final Thought: Emphasizing intrinsic drives can solve modern business problems and potentially change the world.