00:01
When we perform a certain kind of task or a work or when we want someone to perform a particular task or work, we have two different kind of motivations for them to help them in performing the task effectively and within the given time frame.
00:23
Now these two motivations are, first is extrinsic motivation and second is intrinsic motivation.
00:36
Now as we can see, the name gives us the idea as to what kind of motivations these are.
00:45
Motivation is basically defined as certain reward or certain gain or certain sense of satisfaction that a person will receive after performing the given task or work.
01:02
Now these reward, gain, satisfaction, etc., they can be of extrinsic nature or they can be of intrinsic nature.
01:12
Now based on these, we have these two different kinds of motivations.
01:16
Now when we talk about extrinsic motivation, it is generally encouraged by external factors, factors that are not coming from within the individual.
01:31
Extrinsically motivated individuals are more drawn towards the rewards and the gains and it pushes them to complete the task on time.
01:42
Most studies have shown that extrinsic motivation is more efficient in the short run, while in the longer run, this motivation does not necessarily work.
01:55
Intrinsic motivation is useful for the long run of the work completion.
02:03
Extrinsic motivators, for example, we can say that certain extrinsic motivators are money, praise, gifts, promotions, etc.
02:20
Now seeing these examples, we can say that the extrinsic motivators can be both financial like money and gifts and non -financial like praise and promotions.
02:30
Employees find extrinsic motivation in reward and recognition.
02:36
And when someone is extrinsically motivated, they participate in a sport.
02:41
It is something like when they participate in a sport, they win or they try to win because they will be getting a medal.
02:48
So this is what external motivation is...