By David Shields on April 14, 2010
True Competition is a more than a catch-phrase, it is a provocative theory about the very nature of competition–how and when it works, its limitations, and its pitfalls. Our lives in a democratic, capitalist country are encompassed by competition, suffused by it, but it is something we rarely discuss without resorting to anecdotes and [...]
Posted in Coaching, Free, Resources, Teaching, Working | Tagged achievement goal, battle, character, coaching, competition, decompetition, enjoyment, excellence, extrinsic motivation, intrinsic motivation, metaphor, motivation, playing, sport, task orientation, true competition, war, winning, youth
By Christopher Funk on March 31, 2009
American International Group, Inc. (more commonly known by its acronym, AIG), has come under fire for issuing $165 million in bonuses, shortly after receiving upwards of $180 billion in funds from the federal government to keep the struggling insurance corporation from collapsing. (1)
Of course, it’s not alone. Mammoth retention bonuses are common in the financial services industry. Another bailout beneficiary, Fannie Mae, announced that four top executives would be receiving retention bonuses of $1 million or more. (2)
Without adding to the cacophony of voices criticizing AIG, Fannie Mae, or other instances of executive compensation run amok, I’d like to talk a little about how motivation works. Bottom line: it’s all about motivation. But does pay alone maximize motivation?
Posted in Chris's Blog | Tagged business, compensation, economy, extrinsic motivation, intrinsic motivation, motivation