Importance Of Intrinsic And Extrinsic Motivation

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Motivation is like starting your first day of University, it is like a rollercoaster, one day you’re up and ready to give the day everything you got and the next is a complete waste. It is very hard for a firm to motivate its individuals; this essay will discuss the importance of motivated employees and methods in which a firm can consolidate intrinsic and extrinsic motivation to further enhance motivation. This is important as without a motivated workforce, a firm will not be able to utilise it resources efficiently and therefore would lose money. A firm can act in many ways, but the most important way is by knowing and understanding your employees. Walt Disney is a successful company and has shown that through its ‘$8.3 billion’ net income …show more content…
Ryan and Deci (2000) (pp. 56) stated that “Intrinsic motivation is defined as the doing of an activity for its inherent satisfaction rather than for some separable consequence. When intrinsically motivated, a person is moved to act for the fun or challenge entailed rather than because of external products, pressures, or rewards.” Additionally, intrinsic motivation is another way for a firm to motivate its employees. By letting individuals achieve something in the work they do as well as giving them progressions, responsibilities and recognition are the main indicators for making employees intrinsically motivated. Abraham Maslow touches on intrinsic motivation in that he stresses that workers are just not fully satisfied by the hygiene factors, working conditions, salary and security. But that a worker who is extremely happy, wants to find recognition, achievement, more responsibility for the job that he/she is about to do and to seek fulfilment out of …show more content…
However, a solution would be to combine both intrinsic/extrinsic motivation will be the only way to consolidate your firm’s employees. This can be done through improving your company’s culture and working conditions therefore making workers jolly, but also by recognizing employees based on their work record. Furthermore, creating a convincing idea and by setting clear goals which the employees can follow will be extrinsic and followed by collaboration amongst employees that follow the code of the

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