article thumbnail

Stop Leading! You’re Bleeding Off Passion

Lead Change Blog

Some leaders influence primarily through rewards and incentives. If you ruled out selling, communication, role-modeling, incentives, and recognition, what is left? Remember Abe Maslow’s famed line: “If the only tool you have is a hammer, every problem looks like a nail.”

Influence 221
article thumbnail

The Rainmaker Fab Five Blog Picks of the Week

Sales Wolf Blog

Ann Bares, Compensation Force : Sales People ARE Different, But Not Every Sales Problem is a Sales Incentive Problem - Sales people can be a mysterious and enigmatic breed and much is often made over what "what makes them tick" and how to better motivate an organization's sales force.

Blog 124
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Eliminate Slogans, Exhortations and Targets

Deming Institute

Watch this short video for a great story illustrating this problem in action: There may be cases in which incentives work only as intended, but I suspect they are relatively rare. Gipsie Ranney, The Trouble with Incentives: They Work. Improving the system is by far the most difficult.

Deming 28
article thumbnail

Beware of Innovations from Daily-Deal Sites

Harvard Business Review

Even when sweetened with incentives for repeat purchasers, jazzed up with time- or item-specific discounts, or offered through location-aware mobile devices, all daily deals are simply price promotions. But merchants should be cautious and skeptical about these innovations. And often steep ones at that.

article thumbnail

Don't Hire Entrepreneurs; Hire Entrepreneurial Spirit

Harvard Business Review

This can take many forms — an agreement that an employee can use office space and resources outside normal business hours to hammer out a side project over time, for instance, or a month-long sabbatical to let them dig into their passion all at once. These sorts of incentives take planning and should be incorporated into annual goals.

article thumbnail

Leader Fatigue: Making the Difficult Choice to Move On

Harvard Business Review

And there was Armand Hammer, CEO of Occidental Petroleum, who put in place a long-term incentive plan for himself with a ten-year payout horizon — when he was in his 90s. There was William Paley, the titan of CBS, who challenged his biographer by asking just why he had to die.

article thumbnail

Is America Losing Its Edge in Clean-Energy Tech?

Harvard Business Review

American companies have had to slash their margins to compete, and their share prices have been hammered as a consequence. Carbon constraints and energy policy: The United States has failed to create effective incentives for reducing the climate impact of its energy infrastructure and lessening its costly dependence on foreign energy.

Energy 12