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What are the 2 types of values?
Tangible vs. Intangible
Nonethial vs. Ethical
Explain the tangible vs. intangible values
Tangible: Preferring material things like money and status
Intangible: Striving for ideas, impact, relationships
Explain the nonethical vs, ethical values
Nonethical: Preferring outcomes at whatever cost
Ethical: Considering integrity and responsibility for others
What are the two assumptions of humans?
Theory X
Theory Y
Explain Theory X and how it impacts leaders
Assuming all humans are untrustworthy and lazy, causing micromanaging
Explain Theory Y and how it impacts leaders
Assuming all humans are trustworthy and motivated, causing autonomy and empowerment
What are the two types of orientations?
Task orientation
Relationship orientation
Explain Task and Relationship Orientation
Task: Success is defined by efficiency and output, and presence is tied to performance
Relationship: Family orientation, helping those who fall behind
What is the guiding principle behind motivation?
You have to align individual incentives with group incentives
What are the 3 components to motivation?
Expectancy — If i work harder, will I perform better?
Instrumentality — Will my work cause a good outcome or avoid a bad one?
Valence — Do i value these outcomes?
Expectancy Theories
Goal Setting Theory — SMART Goals, focusing on what should and shouldnt be done
Self Efficacy Theory — I vs. WE and enactive mastery (orchestrating small successes)
What are the 2 components to instrumentality?
Evaluation
Organizational Justice
Types of evaluations
Objective evaluation — Raw numbers drive evaluations (metrics)
Subjective evaluation — Evaluation by peers, customers, and supervisors
Organizational Justice and its components
Distributive — Is the outcome fair?
Procedural — Is the process fair?
Interactional — Am I treated fairly?
In distributive justice, what is a key observation?
The same work with the same pay is more important than any increase in pay
What are the 2 components to valence?
Maslow’s hierarchy of needs
Herzberg’s Two-Factor Theory
Maslow’s Hierarchy of Needs
As lower level needs (basic needs) are satisfied, people seek increases at higher levels (EX: People with high incomes no longer care about increases in pay)
Herzberg’s Two-Factor Theory
Things that make people happy are not the same things that motivate them
What are some of the issues with incentives?
Money is a poor motivator
Can encourage unethical behavior
Can be addictive
Can reduce creativity
What are the two components of intrinsic motivation?
Autonomy
Meaning/Purpose
Autonomy
What, when, who, and how to work — the strongest predictor of psychological empowerment
Meaning/purpose
Can be increased through speech, outsourcing from the end user, and internal appreciation
According to HBS, what is the biggest differentiator in peoples best versus worst work day?
Being able to make progress in their work