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Chapter 7
Does motivation come from within a person or is it a result of a situation. Explain.
Motivation mostly comes from a situation because before a person could be motivated on doing something, there must be a situation that calls for it. A good example on why this is so is how we perceive our goals, career and dreams for the future. The first situation comes into mind is why exactly did we choose that goal, career and dream? One may have been influenced since childhood and have seen significant events that honed the mind of the person into pushing for that goal. One may also be influenced by the people around them and as a way to show admiration and belief in that person; he suddenly becomes motivated in doing the same career and dream. Motivation as a result of a situation is also believable because a person can do a multitude of things if he is motivated to doing something for himself or for others.
Where do you want to be in five years? Do you have a specific five-year goal?
In five years, I want to be finished with graduate school and even land a job for my major that helps me establish my identity to the community and support my family. Aside from that, I also want to start a family if that would be possible and if I find the one person that is right for me. If I don’t, I could always concentrate in maintaining businesses such as a small healthcare staffing agency and let it flourish. Five years is a long time if one considers the days and months that comprise it and with those times, many things could change. My goals could also change but even if I could only fulfil one, it is very good as well. Every time I am reminded of these goals, I am very motivated into achieving them because I know how it could change my life and my future all together. I also feel like if I manage to achieve these goals I have set for myself, I could grow old and feel that I have done everything that I want for my life.
Chapter 8:
1. Do you agree pay incentives are to be blamed for the financial crisis and, by extension, the global recession? Why or why not?
I agree that pay incentives are to be blamed for the financial crisis and the global recession because of how rich businessmen and entrepreneurs are getting even if their production and sales are not that good. How could they have been able to generate that much money if they are not doing well in the market? It may be true that pay incentives are a means of bribery for executives to execute plans that would be good for the growth of the government but is it really effective? To me, it looks like a way they could pay their leisure and make the company suffer for their own luxury.
2. Putting your own political preferences aside for the moment, consider the advantages and disadvantages of a system that would limit executives’ salary to $500,000 annually and their bonuses to 50% of their base salary
If a system that would limit executives’ salary to $500,000 annually and reduction of their bonuses to 50% would be imposed, most of the money that could be saved by the company could go back to the company and use it for other important aspects such as in research, development and advertisement. The money can also a means for the company to invest in materials that they can use to improve the company’s employee capability and product quality. A disadvantage that can be seen with this is that executives would lose their charisma and productivity capability because they would no longer have means to properly work in the company. Some may even resign because of the reduction which would be bad for the company if the executive is the best in his field and expertise.
