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Showing posts with the label rewards

Economic Growth through Societal Motivation

Economic engines are fostered through the patterns of human development and the creation of an environment that allows them to realize their fullest potential on the market. The economic system should encourage exploratory entrepreneurial behavior that leads to tangible rewards for societal members to ensure momentum continues to thrust forward. The same mechanics that apply to organizational motivation also apply to national motivation as each member determines whether or not they will engage the market with their skills and abilities.  The book Capital in the Twenty-First Century by Thomas Piketty outlines how wealth is increasingly accumulating into fewer and fewer hands thereby retarding the financial growth of the middle class. Wealth distribution tied directly to performance helps to encourage greater levels of motivation and innovative ideation.   Higher performance should be encouraged throughout the layers of society to have the highest development of the economi

Higher Employee Performance through Path-Goal Theory

The Path-Goal theory helps to define methods and pathways to successful achievement of organizational objectives. The theory postulates that leadership behavior is subject to the satisfaction, motivation, and performance of their subordinates. Strong leadership implies that such leaders should engage in behaviors that enhance employee abilities and reduce deficiencies. Organizations can do this through coaching, counseling, servant leadership, and engagement. The specific style of leadership and direction are based upon two contingencies that include the environment and the employee characteristics. Through the use and application of Path-Goal Theory organizations can realize higher performance. The path-goal theory was originally developed by Robert House in 1971 and then revised again in the mid 1990’s. The theory came into business as a strong approach of managing employees and improving upon their overall performance. The ultimate goal is to provide them a path to achieve