5 common leadership mistakes that send companies backward!
TRANSCRIPT
5 Common Leadership Mistakes That Companies Make that Send Them Backward
It’s scientifically proven!
Watch this Dan Pink Video.
If You Offer Employees Significant Financial Incentive to Complete a Complex Task…..
They Will DO WORSE!
If You Offer Employees Significant Financial Incentive to Complete a Simple Task…..
they will do better but their performance will come at a price.
Everything gets subordinated to the goal including:• Safety• Costs• Compliance / Quality Etc.
If you offer a marginal incentive to complete a simple task they will likely balk and do worse.
No one likes to be bribed. Manywill resort to complaining
about the reward.
Frequently employees don’t actually believe they will receive the reward!
Most leaders scoff at this idea….but it is true!
It usually comes to late to be meaningful.
Most R&R programs are too far from the front line and:
• Incentivize individual accomplishment at the expense of teamwork
• Perpetuate divisiveness• Foster resentment.
Companies need what seems like a Silver Bullet…
Something that takestheir most valuable assets and
dramatically increases their efficiency.
The Key is Voluntary Engagement
It happens when we compete against our own previous results.
When we feel a sense of achievement the brain rewards us with chemical satisfaction.
Everyone from game developers to sports franchises to educators are already using pride (dopamine) to improve engagement, output,
and optimization.
To trigger our innate desire to improve.
Make the Reward Priceless
We Get the Frontline to Think and Act Like Business Owners