5 common leadership mistakes that send companies backward!

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5 Common Leadership Mistakes That Companies Make that Send Them Backward

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Page 1: 5 Common Leadership Mistakes that Send Companies Backward!

5 Common Leadership Mistakes That Companies Make that Send Them Backward

Page 2: 5 Common Leadership Mistakes that Send Companies 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!

Page 3: 5 Common Leadership Mistakes that Send Companies Backward!

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.

Page 4: 5 Common Leadership Mistakes that Send Companies Backward!

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.

Page 5: 5 Common Leadership Mistakes that Send Companies Backward!

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.

Page 6: 5 Common Leadership Mistakes that Send Companies Backward!

Most R&R programs are too far from the front line and:

• Incentivize individual accomplishment at the expense of teamwork

• Perpetuate divisiveness• Foster resentment.

Page 7: 5 Common Leadership Mistakes that Send Companies Backward!

Companies need what seems like a Silver Bullet…

Something that takestheir most valuable assets and

dramatically increases their efficiency.

Page 8: 5 Common Leadership Mistakes that Send Companies Backward!

The Key is Voluntary Engagement

It happens when we compete against our own previous results.

Page 9: 5 Common Leadership Mistakes that Send Companies Backward!

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.

Page 10: 5 Common Leadership Mistakes that Send Companies Backward!

Make the Reward Priceless

Page 11: 5 Common Leadership Mistakes that Send Companies Backward!

We Get the Frontline to Think and Act Like Business Owners