Pros of Extrinsic Motivation in Businesses Assignment - 550 Words

Pros of Extrinsic Motivation in Businesses Assignment (Essay Sample) Content: Extrinsic Motivation in BusinessName:Institution:Extrinsic Motivation in BusinessIntroductionExtrinsic motivation refers to the activity performance that seeks to attain the desired outcome (Frey Osterloh, 2002). This type of motivation typically comes from the outside influences of an individual. On the other hand, incentive plans are the business plans that promote the exceptional behavior in an enterprise for the duration of time (SansoneHarackiewicz, 2000). There has been an enormous debate over the impacts of the extrinsic motivation in businesses. Some people have argued that they have positive impacts to most companies while others have argued that they have more adverse effects. Although there have been these negative arguments, the advantages of extrinsic motivation especially towards the business incentives are enormous which will be the focus of this essay.Pros of Extrinsic Motivation in BusinessesExtrinsic motivation has been used in most companies to obta in more outcomes that the intrinsic motivation cannot achieve (Frey Osterloh, 2002). The use of business incentives has been a significant step in most of these enterprises in achieving desirable outcomes. The competition in extrinsic motivation as it encourages the performer to be a winner and beat others. The use of extrinsic motivation has been seen to attract the potential employees and the skilled ones to the organization, and this promotes company loyalty. Through the use of achievable goals, an incentive plan has played a vital role in the business success and achievement of the company goals.Studies that have been performed confirm that the business attitude of employees and the extrinsic motivation is directly proportional (SansoneHarackiewicz, 2000). Employees who tend to have more motivation from the outside are likely to have a more positive attitude to the business. The same research has established that a staff member such as computer programmer who develops a high-cos t control application and is rewarded is likely to perform better and be more loyal to the company. This will always play a decisive role in the success of the enterprise.The other aspect that has been fundamental to the business operations is the profit sharing especially with the full-time employees in a company. One of the underlying motivations of any employees is the chances of obtaining a bonus in addition to the salary of the employee (Neely, 2007). The extrinsic motivation, in this case, provides an avenue for the employees to gain more than they are employed for. When an employee receives a share of the pool, such as a fraction of the basic salary, he or she is likely to enhance his or her plans. This creates a win- win situation for the employees and the business. This business environment encourages success in most of the businesses as opposed to any possible challenges.Conclusion