Welcome to the first Dropping Science of 2012, hope you all had a lovely Christmas/New Year. We all know the basics of financial motivation, you reward people with money when they do good work and thus they keep doing good work. Except that this may not actually be true. This study by M.I.T, narrated by Dan Pink and presented by The Royal Society for the encouragement of Arts, Manufactures and Commerce explores the surprising results of studies that show how our motivations are in fact far more complex than we think.
In the arts we are of course well versed in the idea of purpose based motivation. Could it be that the financial sector has something to learn from this?