Recognition tends to be more effective at motivating innovation than financial rewards.

Question

Quizplus · Accepted Answer

Various studies have suggested that recognition and acknowledgment of one's innovative work tends to be a more effective motivator than financial rewards. This is because human beings have an innate desire to feel valued and appreciated, and recognition can satisfy this need. Financial incentives, on the other hand, have a limited impact on long-term motivation and may even backfire by creating a sense of entitlement or undermining intrinsic motivation. However, it is important to note that a combination of both recognition and financial incentives can be even more powerful motivators for innovation.

Recognition Tends to Be More Effective at Motivating Innovation Than