MOTIVATION: EXTRINSIC & INTRINSIC AND HOW IT AFFECTS THE WORKPLACE, EMPLOYEE OUTCOMES, AND ORGANIZATIONAL SUCCESSES

This piece of research on Extrinsic and Intrinsic Motivation & its effect on the workplace, employee outcomes, and organization successes delves into various models and theories such as the Job Characteristics Model, Self-Determination Theory, and Expectancy theory. The paper also talks about job design methods, displays research on companies such as McKinsey, and discusses relevant formulas and calculations. In essence, multiple strategies are suggested for the improvement of workplace motivation and are primarily targeted at improving organizational success through various means. In order to appeal to the greater audience, various examples from a real-life point of view have also been given to better understand each time of motivation. The paper also touches upon Desire & Expectancy Utility and a literature review adding to the volume of background information provided. Towards the end, the subject is connected to Behavioural Economics in order to provide a connection between why studying motivation is a rationale measure to ensuring efficient finances within firms.