We are what we repeatedly do. Excellence, therefore, is not an act but a habit Aristotle We are still masters of our fate. We are still captains of our souls. Winston Churchill Thought is the seed of action Ralph Waldo Emerson

God show me the way because the devil trying to break me down. The only thing I pray is that my feet don’t fail me now. And I don’t think there is nothing I can do now to right my wrongs. I want to talk to God but we aint spoke in so long?

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Learning Objectives To know what motivation is To be able to distinguish between intrinsic and extrinsic motivation To know the signs of good and poor motivation To know what motivation is To be able to distinguish between intrinsic and extrinsic motivation To know the signs of good and poor motivation

What is Motivation? Motivation refers to the desire, effort, and passion to achieve something Your willingness to complete a task with enthusiasm Wanting to do something for yourself for a particular reason

Motivation What is it? – Motivation is the will to work – Comes from enjoyment of work itself and/or from desire to achieve certain goals – e.g. earn more money or achieve promotion

Dan “Recently I did my first half marathon. Ten weeks before the race I found a training schedule on the internet which told me when and how far to run each week. I printed it and put it on the wall in the kitchen. It was magic! That little piece of paper made me run four times a week… and I always did it. I’ve been running for a couple of years but I was never as motivated before. Not surprisingly, since the race I usually only go running once or twice a week. Write about a time when you felt very motivated about something. It could be at school or at home, a hobby, a personal goal or a project of some kind.

Think about what you have written. Try to identify important motivational factors. In Dan’s case we could point to the race as a motivator. Dan has something to prepare for, an event which will measure his progress in some way Dan’s autonomy. He made the decision to print and follow a training schedule and he chose the best schedule for him Dan’s discipline. He kept to the schedule and didn’t give up Compare with a partner or in small groups. What common factors are there in your stories? What differences are there?

Relate what you have talked about to your Business Studies learning. What can Dan learn from his marathon training experience that he can apply to improving his Spanish? What can you learn from your motivation stories which you can apply to learning Business Studies?

Reasons Why People Go To Work To earn money To feel a sense of achievement or job satisfaction To feel a sense of belonging to a group To achieve a sense of security To obtain a feeling of self-worth

Advantages of a well motivated workforce Better productivity (amount produced per employee) Better quality Lower levels of absenteeism Lower levels of staff turnover (number of employees leaving business) Lower training and recruitment costs

Signs of Good and Poor Motivation Benefits Higher Morale Job Satisfaction Improves Corporate Image Better Industrial Relations Lower Staff Turnover High Profits Warning Signs High Absenteeism Rates High Labor Turnovers High Wastage Low Quality Input Complaint Increase Poor Punctuality Disciplinary Problems

Intrinsic Vs. Extrinsic Intrinsic Motivation - When people engage in an activity out of their own desire because it appeals to them Extrinsic Motivation - When people participate in an activity because of the benefits and rewards

I´m having a TOK moment The world economy was brought to its knees in 2008 by risk taking bankers hungry for bonuses that brought them riches beyond the wildest dreams of most normal people One American bank paid an average bonus of $500,000 to its staff, with staff receiving multi-million dollar pay outs Striving for such large sums meant bankers took huge risks by making loans to businesses and individuals who were often not in a position to pay them back ‘Organisations like banks should not be allowed to motivate their staff by using large financial rewards.’