Unlocking Innovation: The Power of Intrinsic Motivation with Kim Scott - Part 2

In part 2 of this episode of "The Growing For It Podcast," hosts Travis and Mikkel sit down with Kim Scott, renowned author and thought leader, to delve into the intricate balance between intrinsic and extrinsic motivation and its profound impact on innovation. Drawing from her extensive experience at leading Silicon Valley companies like Google and Apple, Kim shares valuable insights on how intrinsic motivation can drive creativity and productivity while excessive focus on extrinsic rewards can stifle innovation.Key Discussions:- The Superstar and Rockstar Modes: Kim explains the distinction between employees in "superstar mode," who are on a steep growth trajectory, and those in "rockstar mode," who excel in their current roles without necessarily seeking promotion. Understanding and managing these modes is crucial for fostering a balanced and effective workplace.- Intrinsic vs. Extrinsic Motivation: Kim emphasizes the importance of intrinsic motivation—the drive that comes from within, such as personal growth, fulfillment, and passion for the work itself. She contrasts this with extrinsic motivation, which includes external rewards like promotions, bonuses, and public recognition. Kim argues that while extrinsic rewards are necessary, an overemphasis on them can diminish intrinsic motivation and harm innovation.- Impact on Innovation: The conversation highlights how excessive focus on extrinsic rewards can lead to a competitive and politically charged environment, ultimately stifling creativity and innovation. Kim provides practical examples from her time at Google and Apple, illustrating how these companies navigated these challenges differently.- Building a Motivating Environment: Kim discusses strategies for creating a work environment that nurtures intrinsic motivation, such as respecting and valuing all roles within a company, ensuring fair compensation, and recognizing the importance of meaningful work and personal fulfillment.TakeawaysGive and receive feedback to create a culture of growth and improvementDifferentiate between bias, prejudice, and bullying and respond accordinglyRespect personal boundaries and create an inclusive environmentConsider the power dynamics in the workplace and lay down power when necessaryPraise more than you criticize and learn from successesUnderstand the differences between companies and adapt to their culturesWriting a management book requires self-reflection and feedback from othersChapters00:00 Introduction and Overview05:14 Creating a Culture of Feedback and Growth16:21 Navigating Bias, Prejudice, and Bullying in the Workplace36:10 Understanding Power Dynamics and Leadership45:08 The Importance of Praise and Learning from Success46:34 Differences Between Companies: Google vs. Apple47:31 The Challenges and Rewards of Writing a Management BookFollow and connect with us:Travis James Mathers www.linkedin.com/in/travis-james-mathers/Mikkel Karsgaard www.linkedin.com/in/10xmks/Kim Scott www.linkedin.com/in/kimm4/