Successful Management by Motivation

Download or read book Successful Management by Motivation written by Bruno S. Frey and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: Motivated employees play a crucial role in creating a companys sustainable competitive advantage. Successful Management by Motivation shows that in a knowledge-based society, this goal cannot be achieved by extrinsic motivation alone. Pay for performance often even hurts because it crowds out intrinsic motivation. To succeed, companies have to find ways of fostering and sustaining intrinsic motivation. With the help of in-depth case studies, representative surveys, and analysis based on a large number of firms and employees, this work identifies the various aspects of motivation in companies and shows how the right combination of intrinsic and extrinsic motivation can be achieved.