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

NFT can protect you digitally

Nostalgic has its own stand regardless of the age we stand in. In retrospect, we could see a lot of things that made us emotionally attached and then went far. But when we think of it, it reminds us of the things we enjoyed or experienced. There are a lot of ways we can actually make those emotionally attached things or moments with us. With the help of technology, we can even declare ownership. That may sound crazy and stupid. When everything is going digital, then why not the digital product itself cannot have this ownership. That is the only concern among some people about keeping their digital lifestyle memory ownership. But now there is nothing to worry about. With Blockchain we can create the digital age ownership to anything digital. NFTs are at the early stages of their digital ownership ventures. We can make those really important things more important and close to ourselves with the help of NFTs. Only a few people are making well use of this technology. By few people, I ...

Benefits of index trading

People when came to know about the benefits of index trading, they migrate to it. There are several reasons. It varies from person to person. One may say trading in indices are reliable. Newbies are always advised to trade in equities before entering into the derivative market. Equities are less volatile and very good to learn and earn. You pay less for your losses or in other way, for the things you learnt. This is obvious and people go through this as usual. But there are people who skips the equity market directly to the derivative with only one and only reason, to get rich quick. With that in mind loss is guaranteed. Experienced traders choose indices for not or less being manipulated. Because of the volume and less volatility, it is safer to trade than other segments. It is also very reliable. Even the disappearance of number of heavyweight cannot make the indices disappear. That is a very good point to remember and keep in mind while selecting which one to trade. Whenever we t...

Decision

Taking decision in anything is important part of progress. By becoming a well knowledgeable person, we can make better decisions.

Surviving a crash

A company which survives all the negative forces thrives in the future. A company or a startup generally focus on solving problem. The bigger the problem, the bigger the opportunity, and sometimes the bigger the risk. But taking such rewards yields better results. Results really defines the success. So whenever a company makes good amount of return as per their vision or greater than the previous year. And more probably we can see that those organization which survive the dip offers a very good incentives to investors as the future. During the dotcom bubble that happened in the late 20th century, those ventures which survived yielded a very good return to the investors later. Only a fundamentally strong company could survive such kind of dip. After that people are convinced about it bright future and those who then became the retail investors made a try. Therefore a dip or even a horrible dip has such kind of advantages. It can convince people and investors to trust.

Innovation and business

Before starting a company, the foremost priority is at starting the company. We go to any extent in order to do that. But soon after having an idea and starting a business, the real problem starts to emerge. It comes form every department. Needs innovation at proper time and very good convincing marketing. When we look at successful companies, they are still working very much hard to stay on the top. Because when it comes to business delay means death. The field competition gets tougher year after year. So every company strives to be more innovative each time. Habit of people changed from having a product different than the old one for couple of years to every single year. This was reinforced by those corporate organization itself. This created a sense of urgency in customers to frequently change the product. They need better one different than before. It again forced companies to be innovative more than ever. This cycle gets tougher each time. The time durability decreases a...

problem solving

How to prepare for a good test. Preparing for any problem infront requires an in-depth analysis of the problem itself. When we go through the problem we will get to know where we should make the improvement and where to leave it as free. But only in few occasions people give that much of analysis review before entering into a problem solving method. When we look at the largest problems that had been solved, we could see how that problem got studied before. Because without understanding what the real heck problem is, we cannot find a solution. If we try to find a solution to the problem that we drawn out by our fragile analysis, we will get the solution for the things we discovered, not the actual problem. So while before solving every problem we should learn about the problem before getting into work. Once we enter the working world, we probably won’t care about the study. That is why it is important to have a habit of in-depth analysis before confronting with the solution. Solution r...

Price movement and news

Demand can be very well related to the need in the market. When something of nominal value gets high in demand, it usually gets attention. So, when the attention rises it draws masses towards. This time we can observe a price surge. This happens often in tradable assets. Let’s take an example of a particular stock. Usually, the price of the stock rises whenever good news is associated. This good news makes traders bring attention. Risk-takers invest based on this soothing news, which raises the price further. And soon it breaks the resistance and all retail investors start investing making the price move even higher. Even after days of news, it keeps the pace. Here people slowly start to form a consensus within themselves that the price won’t go much higher when reaches this or that point. Which makes people like him exit from there. When masses do this, it slowly reflects in the price movements. This leaves a panic among the general investors and they will start withdrawing mon...

Better problem leads to better society

Creating technology based on generation is essential. Because at the time of creation, it will be introduced to solve a problem that the current generation is facing. We could see from history that the problems are inevitable and gets better with time. Decades ago people faced a problem of not having enough information. To gain knowledge we had to put hours to find the source. Google solved the problem. But it doesn’t mean Google settled thereafter, instead they are solving better problem to further make humanity more advanced. This process of solving problems generation after generation actually made the modern world. Like Google, any company that is not limited to its predevelopment solution will find a great future. Regardless of any industry, problem occurs one after another. By solving a problem means creating another. If we can’t find a solution to this chain of problem, then someone else will and we are kicked out. It is a competition that led us to discover and invent many ...

Time and procrastination

There are multiple benefits while assigning time to the task. Whenever we see ourselves procrastinating at a task, we must have noticed that we had not had any time frame on when to start and when to finish. This is really important because once we have this clear idea about when to start and finish, we can save a lot of time. After the end of the time, we are free and independent enough to do our favorite task. Most of the time we procrastinate on the things that someone assigned to us. It is not our willingness, yet we have to do this. At these times become the problem of procrastination. We tend to put things for tomorrow day after day until we reach a point when there is not enough time to do even half of the task we are supposed to do. With a time-scheduled process, we can actually calculate the process of work and the time needed. This saves a lot of time for procrastination. I can say procrastination sucks. It sucks everything. But being a non-procrastinator is impossi...

Blockchain as a disruptive technology

The highest growth that is happening right now in terms of CAGR is in the field of Blockchain. It’s growth is a clear sign of change. A change like that happened when internet was introduced, or even bigger. Because only very few times in sometimes this happens that when technology getting introduced at necessity. For every entrepreneur, it would be like a heaven when his business grows in demand. Demands are created of there is necessity. Blockchain is such a disrupting technology. Because it was introduced at the very beginning stage of dictatorship. Blockchain makes the free world even more free, may be free from everything. Because of the decentralization process, the long time authorities are bound to doom. Anyone can make fortune if observed carefully. Bitcoin more than a crypto, people are using it a digital asset to invest their money. Due to the fact that the growth is out of the chart, those who invested made tons in return. This gave a lot of hope to investors and mon...

Insanely Practical

Search This Blog