How does the carrot-and-stick approach to motivation used in business for the past century compare to the new scientific approach needed for today’s new challenges?

In his book Drive: The Surprising Truth About What Motivates Us, Daniel H. Pink explores intrinsic and extrinsic motivational factors. After listening to Daniel Pink’s podcast and watching the video on what motivates us, thoughtfully answer the following questions:

Discuss the differences between intrinsic motivational factors (e.g., autonomy, mastery, and purpose) versus extrinsic motivational factors (e.g., money).

How does the carrot-and-stick approach to motivation used in business for the past century compare to the new scientific approach needed for today’s new challenges? Refer to the motivational theories from your text for further comparison and discussion.

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