Wrong Compensation. A semiconductor chip maker conducted an experiment. Workers worked four days a week and took a break. On the first workday, Monday, if they produced a certain number of chips, the company gave them a $30 bonus to motivate their work. However, there was no compensation for the remaining three days. The same bonus was offered again when work resumed after the holidays. The workers were divided into groups, and only on the first day did they earn a bonus: the first group received no reward, the second group was paid the same amount, the third group received a pizza coupon, and the fourth group got a compliment text message, with their productivity monitored for the other three days. Results showed that the first group, with no compensation, had the lowest productivity. The highest productivity was seen in the praise letter group, followed by the other groups. The company suffered a loss because of the $30 bonus. Social motivation and financial motivation are different....
Even if you gamble, you can’t do it alone. A partner must exist to exchange well-produced products and services, as added value is created only through such exchanges. Without a connection, realizing added value becomes difficult. Wealth is generated solely through transactions, which must precede consolidation. Networking has always been and remains crucial for creating wealth. Metcalfe’s Law states that when connected to a network, the effect is proportional to the square of the number of connections. This results in an exponential effect rather than an arithmetic series . While the number of connections is significant, the level of trust built, even with a few personal connections, is even more critical. To effectively utilize social media, strive to connect with as many networks as possible and build trust in those relationships once connected. Only then can you experience the exponential effect. - Joseph’s “just my thoughts”