Skip to main content

They must know WHY

When it comes to motivate people we use strategies after strategies. Offering them incentives and bonus. Medical reimbursement and insurance. Everything is financial and greatly luring. It's like exploiting the needs to the benifits of companies. Money is a great motivator untill the need become non financial. People also like to have status and high profile. They like being famous. Fame is an  inherent instinct from the very beginning of mankind. Organization and employees tend to bargain for each others need. They say you do more work, we give  more money. This might feel perfectly okay for both since they are satisfied with the offer. But neither of them get anything better. There could be more work done and more money exchange, but no big difference. It applies to corporations and employees in two different ways.
1. For employees, it won't solve any of their financial problems.
2. For the companies, the graph still be the same.
   Giving an interpretation might be good to understand what's really happening here.
Why isn't for employees
The money problem never fades away unless there is no desire for possession. This is a kind of buddhist way of thinking but it makes sense. It is also true that not all of us wants a buddhist life. Desire is ingrained in the primitive brain. Money can solve the instantaneous problems which eventually leads to even more bigger problem. Again salary rise is what we demand for. This is like a cyclic process, we arrive at the initial point after a couple of units. The life leaps to where the money lurks. This is an insane situation.
Definitely not for companies
  When companies tries to inspire the employees with money (which is a universal motivator) they kind of loose the integrity and reputation. Each time an incentive is created through money, it's gonna compell the workers to seek for more financial incentives to do extra. They won't care about the economic status of the company. They just need what they demand for. It even get worse when they ask for more paid vacations. They don't consider they are working to make something happen nor do they care about improvement. Gradually they lose the interest and starts to suspect their stand. " Why am I working here ?" won't be too far. The company might eventually get identified by a bunch of people working for money. Every company starts with a vision and starts to shut when they veer from it.
 
   This is observed in everywhere and consequences are clearly visible. That is why it is important to acknowledge workers on why they are working. It's not just about what they were doing there at any moment. This is about the same thing why the company stands for. It is clearly evident in people working at companies whose aim is absolutely larger and insane than their competitors. People won't quit from there. They know they are working on is larger and it exalts a sense of purpose. Working on purpose injects satisfaction.

Comments

Most viewed

Mindset matters

  The first mover advantage maybe a myth like MySpace. It is not necessary to have a first mover advantage, but it may do good if managed correctly. In the world of crypto we could see Bitcoin reigning over a decade as the leading coin. It got its first mover advantage and it is way ahead than other altcoins. But does it means it will lead forever ? Not really. I’m case of Amazon the first mover advantage was a great benefit. It is not that because of Amazon being the first to deliver goods through online, it is the ever growth mindset of Jeff Bezos. Like in case of any other thing, the important factor is not the advantage, but the mindset that drives it behind. Last day I wrote about having a progressive mindset. But when it comes to BTC, the driver behind it is clearly absent. Its first mover advantage is getting it to the top, but as soon as when one person with growth mindset comes with an equivalent product (which already happened), the first mover advantage may slay. ...

Tackling the same problem in different ways

The process of breaking the ice should be treated from different angle. Consider the stone as a rigid and hard moulded personality. And we know that it is not the first hit or the last hot that's gonna break the rock, but a series of constant impact is what brings the results. So the thing is understanding and the hitting in accordance with what exactly is missing to break the rock

Discipline is the key

Whatever the things we try to do, without a consistent effort result will be negligible. We start and then stop, this repeats and results in a shallow reward. Consistent work, even smaller can bring the actual change.

Beliefs of discount

 Seasons are mostly beneficial to those who are making whole sales. The sales are driven highly with anticipation of belief that people are ready to spend money than before. It is beneficial to both the customer and seller. The main reason is the volume. In normal days, people won’t go shopping vividly and manufactures are less active. We are taught to believe that during season sales companies sell products with more discount. Sometimes with buy one get one offer. No one wants to bet large amount of money during non-seasonal days. We wait for discount to hit thus to save money. And when the discount breaks, huge amount of masses place the order. This is way more than actual sale. Discounts are certain and hence the profit.   On the flipside, companies will profit like hell these days. They employ more workers during this time and install many outlets. They know they can swap money like never before. It is confusing to see who makes real profit. Both sides cannot maintain the...

A better break

A break if  needed should be taken. There is nothing such as continuity that is unending. We usually breaks the rituals from lazy and lax behaviours. But if the break is essential for a better tomorrow, there is nothing to regret. PS : You will recieve the daily dose of knowledge again.

When inflation thrives

Whenever the price of goods and services increases, it is normal that there must be an involvement of central banks to increase the interest rate and thereby balancing the economic growth as with inflation. It is global and most practiced. But when something other than usual happens and central authorities standing on the same decision is what induces a threat. In the surge of covid, while people tried and landed upon investing in public and private equities, it generated a great cash flow in the free float market. After a quick dip, the stock market recovered and made it to the track. That is good sign. Amid this the global governments were forced to decrease the repo rate, fearing the growth of economy. The decision that happened is yet to reveal the results. But the results might not be controlled, because once the participants tremble to stay upon momentum and get suspicious, market falls down brining download most of the goods with it. The employed people might get unemployed aga...

Welcoming the fate

Marcus Aurelius once said " To welcome with affection what is sent by fate". He meant every word he said. It is possible to get ourselves to welcome the fate. It brings oppertunity and self control. Knowing that we can have the control of our being is powerful when it comes to being vulnerable with emotions.

Encryption is in demand

From the last few years storing a non readable data gained attention throughout. It's not been considered as worth giving attention by many unless it hadn't affected them. But the exponential growth of technology caught the attention of people by actually intervening in their daily lives. Slowly becoming a part of their routine, it integrated into the whole life. Infact everything is shrunk to the technology by getting easy to access with the help of electronic devices. Vastly by the invention of cheaper smartphones. Now technology became the foremost priority. And there opened a limitless oppertunity. We started realising the power and drifted our attention. Millionaires and billionaires started pouring their money into this tech world and nerds followed their career path here . And the intresting part is everyone except a handful of people made their fortune.  Since they were convinced that this thing is changing the world, they decided to partake as a life long career.  Eve...

Keep up with trend

It won't matter much whether the company is at the number one position in market cap, if it fails to keep up with the trend, it will go out of the business. there are a lot of examples in front of us. This busting off will result in the rise of the next big thing. The general motor was once the market cap champion. But the rise of the internet and technology brought thousands of companies, which now rules the entire business era. And companies in this field is now valued extremely high than any industry. The Internet gave access to the information that is once only available to the presidents and prime ministers to a common man. this is revolutionary and it changed the world. the world order keeps changing. every major change leads to revolutions. when this happens successfully with business, it is the next big thing.