Can money be an effective motivator in business?
Only a small percentage of people will say all they want is money, and even those people will tell you it wasn’t what they really wanted when they get it. Money primarily serves to take care of our physical needs. The physical is important. Eating, having a roof over your head, making sure the kids have warm clothes…all of that is important. But it will not satisfy. People will do things that are meaningful that they would never do for a paycheck alone. The question presumes that money is all you need. What does that MasterCard commercial say? Priceless. For everything else there is MasterCard. People are looking for the priceless stuff in life. Providing a way for people to work for the priceless things is the best method to motivate people effectively.
