What are Intrinsic and Extrinsic Motivation?

The video explores intrinsic and extrinsic motivation, explaining their definitions and differences. It discusses how leaders can effectively motivate team members by understanding these concepts. Intrinsic motivation arises from internal emotional rewards, while extrinsic motivation comes from external rewards or penalties. The video emphasizes the importance of balancing these motivations, noting that excessive extrinsic rewards can undermine intrinsic motivation. It highlights the role of praise and recognition as effective motivators that bridge both types.

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