James Quincey, CEO of Coca-Cola once stated “The more you can engage people and the more you can make the intermediate steps feel like they are steps forward, the better chance you have of being fast and comprehensive about managing change.” This notion of galvanizing employees is fundamental to understanding the principles of Motivation within the realm of strategic management.
Motivation isn't a straightforward product of salary increments or employee perks—it is far more nuanced and rooted deeply in human psychology. According to a McKinsey analysis, motivation is a primary determinant of performance and is more important than other influencing factors—such as capability or role clarity. Essentially, the more motivated individuals are, the higher their willingness to apply effort towards achieving organizational goals, resulting in increased productivity and higher corporate performance.
Fostering Motivation Through Leadership and Culture
Leadership greatly influences Motivation—through the establishment of an engaging organizational culture and strategic goal setting. As per Gallup’s 2020 State of the Global Workplace report, organizations with high employee engagement levels were 21% more profitable than those with low engagement levels—signaling the intertwining relationship between motivation, engagement, and organization performance.
Practical Approaches to Enhancing Motivation
Intrinsic Motivation
Intrinsic motivation arises from the task itself – facilitating a sense of personal fulfillment, satisfaction, or pleasure. Including job autonomy, crafting intricate job roles, and incorporating learning and development focus can enhance intrinsic motivation.
Extrinsic Motivation
Extrinsic motivation is derived from the outcomes associated with performing a task or behavior—such as rewards or recognitions. Adopting a balanced compensation strategy that incorporates non-monetary rewards can effectively enhance extrinsic motivation.
Enabling Innovation through Motivation
Innovation isn’t just a stationary concept residing in think-tanks or specific departments—it emerges and thrives in an environment where motivated employees are willing to explore and take risks. Motivation guides employees' innovative behavior and helps transform creative ideas into practical business solutions. Amid the Digital Transformation wave, motivated employees are undoubtedly key in leveraging technology solutions for problem-solving—thereby driving a culture of Innovation.
Incorporating Motivation in Change Management Strategies
In unprecedented times, organizations resort to Change Management strategies to better align with the evolving business landscape. Here, employees’ motivations need to be effectively managed to promote acceptance and accelerate the transition. A Deloitte study found that organizations that supported employees during significant change reported almost 15% more effective transformations. Thus, integrating motivation-management in Change Management strategies can significantly uplift their successful implementation.
Leveraging Motivation in the Era of Remote Work
With the COVID-19 pandemic reshaping work norms, remote working has become the “new normal”. However, this shift has posed challenges in keeping employees motivated without the traditional physical workplace environment. In this landscape, leaders need to employ emotional intelligence in tandem with effective Performance Management strategies to keep teams motivated and productive.
Synopsis
Navigating the multifaceted concept of Motivation, its impacts are far-reaching—from boosting individual and team performance to strengthening resilience during major organizational transformations. As leaders, embodying a motivational ethos can not only steer employees towards achieving organizational goals but also foster a culture of Innovation and excellence—ultimately paving the way for sustainable business success.
CUSTOMER TESTIMONIALS
"Flevy is now a part of my business routine. I visit Flevy at least 3 times each month.
Flevy has become my preferred learning source, because what it provides is practical, current, and useful in this era where the business world is being rewritten.
In today's environment where there are so many challenges and there is the need to make the right decisions in a short time, with so much scattered information, we are fortunate to have Flevy. Flevy investigates, selects, and puts at our disposal the best of the best to help us be successful in our work."
– Omar Hernán Montes Parra, CEO at Quantum SFE
"I like your product. I'm frequently designing PowerPoint presentations for my company and your product has given me so many great ideas on the use of charts, layouts, tools, and frameworks. I really think the templates are a valuable asset to the job."
– Roberto Fuentes Martinez, Senior Executive Director at Technology Transformation Advisory
"I have used Flevy services for a number of years and have never, ever been disappointed. As a matter of fact, David and his team continue, time after time, to impress me with their willingness to assist and in the real sense of the word. I have concluded in fact that it is not at all just a repository of documents/resources but, in the way that David and his team manage the firm, it is like dealing with consultants always ready to assist, advise and direct you to what you really need, and they always get it right.
I am an international hospitality accomplished senior executive who has worked and lived during the past 35 years in 23 countries in 5 continents and I can humbly say that I know what customer service is, trust me.
Aside from the great and professional service that Flevy's team provide, their wide variety of material is of utmost great quality, professionally put together and most current.
Well done Flevy, keep up the great work and I look forward to continue working with you in the future and to recommend you to a variety of colleagues around the world."
– Roberto Pelliccia, Senior Executive in International Hospitality
"As a young consulting firm, requests for input from clients vary and it's sometimes impossible to provide expert solutions across a broad spectrum of requirements. That was before I discovered Flevy.com.
Through subscription to this invaluable site of a plethora of topics that are key and crucial to consulting, I have been able to exceed expectations and deliver quality advice and solutions to my clients. The quality and expertise of the authors are exemplary and gives me great confidence to use as part of my service offerings.
I highly recommend this company for any consultant wanting to apply international best practice standards in their service offerings. "
– Nishi Singh, Strategist and MD at NSP Consultants
"If you are looking for great resources to save time with your business presentations, Flevy is truly a value-added resource. Flevy has done all the work for you and we will continue to utilize Flevy as a source to extract up-to-date information and data for our virtual and onsite presentations!"
– Debbi Saffo, President at The NiKhar Group
"As a consulting firm, we had been creating subject matter training materials for our people and found the excellent materials on Flevy, which saved us 100's of hours of re-creating what already exists on the Flevy materials we purchased."
– Michael Evans, Managing Director at Newport LLC
"As an Independent Management Consultant, I find Flevy to add great value as a source of best practices, templates and information on new trends. Flevy has matured and the quality and quantity of the library is excellent. Lastly the price charged is reasonable, creating a win-win value for the customer, Flevy and the various authors. This is truly a service that benefits the consulting industry and associated clients. Thanks for providing this service. "
– Jim Schoen, Principal at FRC Group
"FlevyPro provides business frameworks from many of the global giants in management consulting that allow you to provide best in class solutions for your clients."
– David Harris, Managing Director at Futures Strategy
SELECT CUSTOMERS
Since 2012, we have provided best practices to over 10,000 businesses and organizations of all sizes across the world—in over 130 countries.
Below is just a very small sample of our customer base.
Did you know?
The average daily rate of a McKinsey consultant is $6,625 (not including expenses). The average price of a Flevy document is $65.
Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S Strategy Model, Balanced Scorecard, Disruptive Innovation, BCG Experience Curve, and many more.
Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S Strategy Model, Balanced Scorecard, Disruptive Innovation, BCG Experience Curve, and many more.
