The motivation formula I’ll be sharing with you today is based on the work of Victor Vroom, a professor at the Yale School of Management. Vroom explains that our motivation is based on three factors, 1) how much you want a reward, 2) your estimate of successful performance based on your efforts and 3) your estimate that performance will result in receiving the reward. Thus the formula is: Valence x Expectancy x Instrumentality = Motivation. But rather than repeating the terms used by Vroom, I’ll use straightforward terms to help us understand the formula better. Continue reading The Formula of Motivation | Motivation Series Part 4→
In the first 2 parts of the motivation series, we discussed a theory of motivation called the Hierarchy of Needs by Abraham Maslow. The theory focuses on how our motivations are based on needs from basic survival to the need to be accepted by others and more. We also looked at 2 types of motivation: intrinsic and extrinsic motivators (internal/external) and how we can discover what drives us.
Have you ever given thought to what motivates you? Do you do things because you simply enjoy it? Do you tend to be motivated because you have an itch for competition? Do you work hard for rewards like trophies or money?
In part 2 of the motivation series, I’ll be discussing the two types of motivation and sharing suggestions on how you can discover what motivates you. Although we usually have many factors of motivation that contribute to our actions, internal motivation called ‘intrinsic motivation’ has more influence on us than other forms of motivation. This is why many people who have succeeded in their respective fields encourage us by giving advice to “Follow our passion.” The second type of motivation is called ‘extrinsic motivation’ and is based on external factors. Continue reading Discovering Your Motivations | Motivation Series Part 2→
Do you ever catch yourself saying things like, “If I was motivated enough,” “I need more motivation,” “I just don’t feel motivated”?
To understand and stimulate our motivations, I will be creating a 4 part series on motivation. We will be looking at a variety of motivation types and how we can apply the knowledge to our daily lives. Motivation is usually broadly defined as a strong will or desire, but things that motivate me may not motivate you, and at its core, motivation is a very personal topic and its foundation may be vastly different for each individual.
Living in a capitalistic society, I tend to wonder what characteristics contribute to a financially successful person. Although I currently work in a constrictive corporate 9 to 5, there are many opportunities to learn and enrich myself within the confines of my company. Even among the negatives of the corporate world, I’m lucky enough to work in an environment where the president of the company is readily accessible.
Thomas, the president of the company, created the business from scratch 35 years ago with his father and brother. With only $20,000 in capital to start the company, they worked tirelessly out of their small living room. Since then, the business has grown exponentially, raising revenues to $300,000,000 and employing over 600 full time staff.
I used to be a night owl and had a difficult time getting out of bed and getting to work. (If you haven’t read my post ‘night owl turned early bird,’ let’s just say I was consistently late to work) Obviously, the president took notice of my tardiness and so began the “come into my office, for a talk.” Rather than threats or intimidation, however, he began teaching me what he believed lead to his successes in life.
The 5 lessons I learned from the 300 million dollar man:
I was fortunate enough to come across this inspirational video by Zack Arias today and would like to share it with everyone.
It is about a man named Derrick, who in his past had been involved with the wrong crowd, leading him to be convicted of felony. Time changes everything and he is now hitting the ‘pavement’ selling soap door to door to care for the needs of himself and his son. He goes by the motto, “Instead of robbing or stealing or selling dope, selling soap instead of dope, so we all cast some hope,” and he shows us that through hard work, sacrifices and discipline, anyone can improve and pave a better future for themselves.
Do what you gotta do
Never allow yourself to believe that you’re insignificant without acceptance, the latest clothes or the finest things
Everything takes time
Be patient with yourself and pace yourself
Make small and large goals – By achieving your small goals, you get closer to your large goals
You’ll continually grow and gain confidence and self esteem
Everybody feels depressed at times
Learn to pick the happy thoughts or find things that motivate us
You can’t let your down or depressed self make bad decisions or give up
You’re not living alone
Even if you don’t see it, you’re not just helping yourself, but you’re helping others too
I sincerely hope that you get as much from the video as I did.