This video transformed my understanding of the role of incentives in spurring performance and innovation. It is worth a watch in case you haven’t seen it. I look forward to working with faculty and staff to understand how they define their purpose and what support they need to develop mastery in fulfilling that purpose.
My economics training has drilled into me the notion that rational individuals seek to maximize personal gain. It seems, then, that monetary incentives ought to result in better performance and outcomes. I have wrestled with these concepts as I seek to lead an organization where my ability to reward individuals monetarily is limited.