Dr. Gitika Dutta (Faculty Member, IIPM Hyderabad) is of the view that a carrot-and-stick policy need not always be resorted to, for building employee loyalty
Some two dozen studies from social psychology have shown that people who expect to receive a reward for completing a task (or doing it successfully) do not perform as well as those who do not. This has been found with all sorts of rewards, people, and tasks (with the most destructive effect when the task involves creativity). This means that desired changes cannot be achieved by dangling goodies. Organisations need to learn that incentives only work for short-term movement; if you want motivation, do not start here. Can an organisation train its employees to be motivated? No! Motivation comes from within an individual. We do things, or do them well because the outcome is appealing to us. Read More..
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Labels: 4ps, 4Ps Business and Marketing, ABC Sunday, Acharya Chemicals, Admissions, Alabama, American Dietetic Association, ARINDAM CHAUDHURI, Barack Obama, Carrot Healthy for Eye, IIPM
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transform fortunes of companies, but most interestingly, come on board with a pre-decided tenure! One such leader who beautifully joins the league is the sterling 52-year-old CEO of eBay Inc. – Margaret C. Whitman. When she took on the scepter of CEO in 1998, she made it very clear that a decade is a fairly good time for a CEO at the helm of a company. And her resignation comes precisely after ten years on March 1, 2008. “It’s important that new perspectives & new eyes come to the company. It’s tough to stay fresh, no matter who you are,” admitted Whitman on January 24. She will be replaced by John Donahoe, currently President of eBay Marketplaces, effective March 31, 2008. Ironically, the contrast between the two perhaps could not have been more striking, far beyond the Harvard-Stanford face-off (Meg is a Harvard alumnus & John is a Stanford graduate).
theatre has witnessed businessmen donning almost every other hat – a steel maker becomes an IT giant, a liquor baron turns into an aviation maestro, oil tycoons transform into retail magnates, real estate players are successful as telecom majors, and the list goes on. Whenever such businessman entered a new sector, which was different from their core one, they took the existing competition by storm and became a dictating force in that arena. Surprisingly, what the world hasn’t witnessed is experienced real estate players emerging as successful hoteliers.
fauna than any other! The great botanical and zoological miscellany is owing to the fact that the islands had been uninhabited for a very long time and it was not before the French occupation of Seychelles (named after the French politician Jean Moreau de Séchelles) that some human settlement started to take roots… post which the British established colonies there.
presidency. Instead of transforming the economic situation as expected, Unlike his predecessors, he has let the media write & speculate on his personal life.
otherwise…and the death of the same, leads to death of those words which would have been spoken otherwise. The murder of more than 16 country singers in Mexico, has evoked quite a furor as the secret of the delirious deaths has also gone to the grave, along with the songsters.
bid for English steel-maker, Corus. A year later, that’s a $12.1 billion worth chapter in M&A books – the biggest ever by an Indian company – making the Tata Steel & Corus combine the 6th largest globally, with a total annual steel capacity of 25.6 million tonnes! That’s Tata Steel for you, growing amidst drama & against all odds.
inversely proportional to the optimism of Ben Bernanke. Declining home prices, rising foreclosure rates, a weak dollar and high oil prices; not to mention a crisis of confidence in the credit markets, yet, if Ben were to be believed, all suggest a period of moderate, but positive growth going forward.
rabble rousing word, in the Indian lexicon, since the emergence of economic liberalisation. Every attempt to privatise Indian PSUs has not only been greeted with serious resistance by Opposition parties, it has also been termed as attempt to sell off ‘National Assets’ or ‘Family Silver.’ While national parties like BJP & Congress have taken turns to oppose it, depending on whether they are in government or in Opposition, the Left parties have always been opposed to it. In 2004, in an article in rediff.com, CPI General Secretary A. B. Bardhan stated, ‘It was National Democratic Alliance Government that set up the first ever Divestment Ministry. It virtually put India up for sale: it set up a shop to sell off prime national assets.’
world of The Matrix – a computer generated world that’s almost indistinguishable from reality. To quote Morpheus again, “Have you ever had a dream that you thought was so real, that if you woke up, how would you know the real world from the dream world?” Sooner or later, the technology will allow us to step into the screen instead of simply staring at it.
