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Compare Intrinsic and Extrinsic Motivators

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Compare Intrinsic and Extrinsic Motivators
Compare Relationship Between Intrinsic & Extrinsic Motivation
USP MBA Program - Presentation – Trimester 1 – 2011 by Group 8 Members Mukhtar Ahmed Nitesh Chandra ; Gabriel Pen ; Ateca C. Vakatora ; Devina R. Rao ; Salote Naulivou

Objectives:
To define motivation To define Intrinsic and Extrinsic motivation To give examples of Intrinsic and Extrinsic motivations Identify the relationship between Intrinsic & Extrinsic motivations using the theories that discuss the relationship and give examples. Conclusion

Motivation
What is motivation? Process that accounts for an individuals intensity, direction & persistence of effort towards attaining a goal.

Why motivation is needed? – To increase job satisfaction – To increase productivity

How motivation works?

Motivation => Performance => Productivity => Rewards

Intrinsic and Extrinsic Motivation
Intrinsic motivation (Internal) Motivation factors that are driven from within the individual; an interest or enjoyment in the task itself • • • • • • • Fun Skill development and competency Recognition Verbal appreciation Personal accomplishment Excitement Curiosity of learning

Intrinsic and Extrinsic Motivation
Extrinsic motivation (External) Motivating factors external to an individual and the task they are performing. • • • • • • • Money Fringe Benefits Trophies &medals Higher commission percentages Threat of punishment Competition Club membership

Theories that discuss Intrinsic & Extrinsic motivation factors and their relationship

Theories that discuss Intrinsic & Extrinsic motivation factors and their relationship…cont’d

Hierarchy of needs (Maslows)
Needs that are not satisfied will motivate us. Also states that we are motivated to accomplish lower needs (extrinsic) 1st before attempting higher needs (intrinsic).

ERG (Clayton Alderfer)
This theory highlights that frustration in not satisfying higher order (intrinsic) need leads to regression to satisfying a lower level need.
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