Posts Tagged ‘Money’

Money and Motivation

By Jim Whitt Just how effective is money as a motivator? Research conducted by MIT, the University of Chicago and Carnegie Mellon reveals that monetary rewards do improve performance when applied to simple mechanical tasks. But when more advanced cognitive skill is required, monetary rewards not only fail to motivate but actually de-motivate. So what does motivate us? The research identifies three factors: Autonomy Mastery Purpose This is not some touchy, feely, new age philosophy or someone’s opinion — it’s science. If you are skeptical you’ll find the results of this research summarized in a short and very entertaining video… Read More

October 27th, 2010 at 8:38pm

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Road Signs For Success

By Gerald Daniels An article in our local newspaper this past week carried this headline: Sales of Big-Ticket Items Soar. When businesses and consumers purchase the so called big ticket items like homes, cars and equipment it is a strong indicator that the economic upturn has begun. According to Chief Economist, Nigel Gault at IHS Global Insight “it looks like we’ve hit rock bottom and we’re slowly trying to dig our way out.” The majority of our country and the world for that matter have been waiting desperately for those words to give them some peace of mind. Yet the… Read More

September 3rd, 2009 at 9:34am

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