Competition should not be for a share of the market-but to expand the market.
W. Edwards DemingRead
Monetary rewards are not a substitute for intrinsic motivation.
Interpretation
What this quote means
Intrinsic motivation is more powerful than monetary rewards.
This quote emphasizes the importance of intrinsic motivation, which comes from within an individual, as opposed to external incentives such as money. It suggests that while monetary rewards can be appealing, they do not foster true engagement and passion for work, which is essential for long-lasting satisfaction and performance.
Themes
Intrinsic MotivationMonetary RewardsEngagementPerformanceSatisfaction
In practice
Example use cases
In a team meeting discussing project outcomes and individual motivations, this quote highlights the importance of passion over financial incentives.
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