Quote

When you're managing a large number of people, you learn that incentives matter tremendously. You really want people to be rewarded for doing the right thing for the customers and the organization.

— Ramez Naam

Sentiment: POSITIVE

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✓Similar Perspectives

I try to motivate people and align our individual incentives with organizational incentives. And then let people do their best.

— John Liu

Too little attention is paid to the dark side of incentives. They are anything but a magic bullet. Psychologists have known this for years, but it seems largely hidden from the world of commerce.

— Barry Schwartz

The whole concept of rewarding customers is a big trend.

— Sam Altman

Incentive prizes work.

— Peter Diamandis

If you provide enough value, then you earn the right to promote your company in order to recruit new customers. The key is to always provide value.

— Guy Kawasaki

It's not just buying the company. Sure, we picked the right companies, and we picked the right management and, most importantly, we've given them the right incentive to perform.

— Henry Kravis

Business people get many undeserved prizes - golden parachutes and bonuses even when companies fail. I don't think people should get rewarded for screwing up.

— Mo Ibrahim

Typically, if you reward something, you get more of it. You punish something, you get less of it. And our businesses have been built for the last 150 years very much on that kind of motivational scheme.

— Daniel H. Pink

People try to do better than other people. It's an incentive.

— Renato Dulbecco

✗Opposing Perspectives

When you rely on incentives, you undermine virtues. Then when you discover that you actually need people who want to do the right thing, those people don't exist because you've crushed anyone's desire to do the right thing with all these incentives.

— Barry Schwartz