What are the differences between extrinsic and intrinsic rewards?
Extrinsic rewards are tangible benefits like money or prizes, while intrinsic rewards are internal feelings of satisfaction or fulfillment.
Can you give me examples of each?
Sure! An example of an extrinsic reward is a bonus at work, while an intrinsic reward could be the joy of completing a challenging project.
Which type of reward is more effective for motivation?
It depends on the individual and the context. Intrinsic rewards often lead to longer-lasting motivation, while extrinsic rewards can provide immediate incentives.
How can I create a balance between both types of rewards?
You can combine both by offering tangible rewards for achievements while also fostering a culture that values personal growth and satisfaction.
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