1. Humans respond best to motivation theory Many companies operate on the "principal agent," or "incentive theory. " It's based on research by economists Michael Jensen and William Meckling , who determined that Human beings work as hard as you pay them. For example, it's why shareholder values are aligned with executive compensation. But incentives are not the same as motivation. Incentives are based on "hygiene factors," including status and job security. Motivating factors include a broader sense of purpose. If you choose a job based on motivating factors, you are much more likely to be rewarded with hygiene factors, because you will do your job well — you're intrinsically motivated. Hygiene factors only go so far, and operating on a principal agent theory will eventually lead to burnout. 2. Balance deliberate and emerging strategies The best strategy is a balance between having a deliberate one, and a flexible, or emergent ...
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