How Behavioral Economic Method Explains And Predicts: Organizational Behavior And Consumer Behavior

By Johnny C.H. Lok

How to improve the design of incentive structures to encourage productivities in any organizations?Any monetary incentive can only encourage productivities in short term. It can not only encourage productivities in long term in any organizations. It is similar to cheap or discount product price can only attractive consumers to buy the product in short term, it can not attract consumers to choose to buy the product in long term, it prefers to have more options to encourage labors to incentive productivities, e.g. investing good beneficial retirement plans. Suggesting that employees do not have free disposal of their investment options. These standard incentives seem irrelevant raising salary monetary factor, they can be quite effective in inducing labors to take particular actions to incentive productivities in long term. Due to when they can hard work, then they have more beneficial retirement plans or investing plans for their retirement. It means when they can achieve the most effective or efficient productivities to the employer for long term. It will give better retirement benefits and investment benefits to the better or even the best performance of employees. Otherwise, the worst performance employees won't earn good retirement benefits and investment benefits, when their employers feel their perform very poor in the organizations in long term.Hence, increasing salary level method is not one successful long term incentive method to persuade every employee to raise productivities or encourage excellent performance optional method. Increasing salary level is only similar to reduce product price and it is only short term encouragement to consumption or productivities method.In conclusion, extrinsic monetary factor can not incentive labor's raising productivities more than every employee themselves intrinsic motivation to raise productivities as excellent performance in any organizations. Thus, organizations need to let employees to feel that they can give long term economic benefits to encourage their intrinsic motivation effort to be raised their productivities or performance more effective or efficient in order to achieve long term both win-win economic benefits to employees and employers both.

• Format: Paperback
• Language: English
• ISBN: 1097306828
• ISBN13: 9781097306824
• Release Date: January 1
• Publisher: Independently Published
• Length: 392 Pages
• Weight: 2.00 lbs.
• Dimensions: 0.8" x 8.5" x 11.0"