Does Paying a Bonus Increase Motivation?

I was in a conversation with a friend recently, and we were discussing whether he should introduce bonuses into his organisation. And it reminded me of Maslow's Hierachy of Needs. The American Psychologist, Abraham Maslow introduced the Hierarchy of Needs model in 1940-1950. Many would argue that his theory is still relevant today for understanding human motivation, management training, and personal development. And when it comes to money and … [Read more...]

Visionaries Without Administration Fail

Visionaries Without Administration Fail Vision without administration is a hot air balloon without fuel. Looks impressive, gets people talking, makes a statement but doesn’t go anywhere. We’ve all met them and possibly, at one time, have been them; people with an idea where the idea stays just an idea. That's why it's so important to know your strengths and also to know your weaknesses. Often visionaries are not so good at the details. … [Read more...]