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If you look at history, innovation doesn't come just from giving people incentives; it comes from creating environments where their ideas can connect.
What is clear is that business leaders must commit to champion change - to be transparent about their goals for change, to align their incentives systems to drive the change, and to make sure their work environments are flexible in a way that allows men and women who choose to work to be able to achieve all of their potential.
When you rely on incentives, you undermine virtues. Then when you discover that you actually need people who want to do the right thing, those people don't exist because you've crushed anyone's desire to do the right thing with all these incentives.
The system that enables the most people to earn the most success is free enterprise, by matching up people's skills, interests, and abilities. In contrast, redistribution simply spreads money around. Even worse, it attenuates the ability to earn success by perverting economic incentives.
Arthur C. Brooks
Increasing inequality in income distribution in this country has broader policy implications, and there is also the growing problem of perverse incentives that result from executives receiving grossly disproportionate compensation based on decisions they themselves take.
Incentives are not strategy, they are tactics. Defensive measures.
Commerce has changed the ethics of citizenship and the incentives for national service. America now buys private contractors - we used to call them mercenaries - to do the country's fighting.
I try to motivate people and align our individual incentives with organizational incentives. And then let people do their best.
People from both political parties have long recognized that welfare without work creates negative incentives that lead to permanent poverty. It robs people of self-esteem.
We need to align the incentives so that colleges have an incentive to keep down their costs... to graduate students on time with degrees in areas where they're going to be able to get jobs and going to be able to pay back those loans.
If I make your workplace conducive to walking at lunch, or working out at some time during the day, or I get people to use the stairs more by creating incentives to do such, then people will start doing it naturally.
For people who are at the bottom economically, the world is becoming a harder and harder place. And yet the incentives to become rich are so great because enormous amounts of wealth are being accumulated. And so those two things, that carrot and stick, are beating people along this trajectory of trying desperately to move up in the world.
Call it what you will, incentives are what get people to work harder.
I do believe in tax incentives in order to move the economy forward.
I think that players play, and they compete, and it's not about incentives.
The basic idea that incentives can be used to motivate behavior is a powerful one. It works for employees, and it has a clear place in parenting, as anyone who has tried to potty-train a recalcitrant toddler with sticker rewards knows.
I said it's impossible to have an amnesty without ID cards and a clean database, because you firstly don't have any incentives for people to actually come up front and register, and make themselves available, and secondly you have no means of tracking them.
Too little attention is paid to the dark side of incentives. They are anything but a magic bullet. Psychologists have known this for years, but it seems largely hidden from the world of commerce.
Kids who are poor often have families that have not really been kept informed about... how important it is to read to your child, to reduce stresses in their life, to use positive incentives and words.
Unfortunately, the elimination of incentives such as parole, good time credits and funding for college courses, means that fewer inmates participate in and excel in literacy, education, treatment and other development programs.
When you're managing a large number of people, you learn that incentives matter tremendously. You really want people to be rewarded for doing the right thing for the customers and the organization.
Obama, startled that components of government behave as interest groups, seems utterly unfamiliar with public choice theory. It demystifies and de-romanticizes politics by applying economic analysis - how incentives influence behavior - to government.
I would not be opposed to devising a new system of pensions, in which one part was based on collective provision, but which also gave incentives for people to take out an additional, personal plan.
The time is long overdue to stop looking for progress through racial or ethnic leaders. Such leaders have too many incentives to promote polarizing attitudes and actions that are counterproductive for minorities and disastrous for the country.
We all sort of do want incentives for creative people to still exist at a certain level. You know, maybe rock stars shouldn't make as much; who knows? But you want as much creativity to take place in the future as took place in the past.
A. P. J. Abdul Kalam
Martin Luther King, Jr.
Leonardo da Vinci
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Before anything else, preparation is the key to success.
Alexander Graham Bell
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