This is an excellent presentation (with fun doodles) on the economics and pyschology behind your motivation in business. If you have employees or are thinking about hiring employees, this is a must watch.
My thoughts? I completely agree. I can say for myself, monetary incentives for my creativity and general awesomeness never work in driving me to do better, or output more. And fundamentally, I just want to get better at what I do and feel like I am contributing something to the world. As I have gotten to know some people over the years of this career I’ve cobbled together, a few of these people don’t seem to understand this about me. I know I can’t be bought. I used to think this was a gift and a curse, but I’m glad to know it’s not just me and it’s not just a fluke.
Anyway, I think is a good concept for business owners to think about as they hire people for their companies and devise their company policies.