Quotes About Incentives

What is clear is that business leaders must commit to champion change - to be transparent about their goals for change, to align their incentives systems to drive the change, and to make sure their work environments are flexible in a way that allows men and women who choose to work to be able to achieve all of their potential.

I believe there should be some financial incentives to make the right choice: to make them to buy the right car or not to buy a car but using public transport systems. I believe that these financial incentives are important.

All tax incentives do is make it cheaper to borrow for transportation projects. But you still have to pay that money back.

Instead of incentivizing quick, short-term decisions, the federal government should be asking the tough questions when governments turn over publicly funded transportation assets to for-profit operators.

Scholars today are under increasing pressure to publish. Consequences of this pressure are incentives to deviate from the truth

What are the odds that people will make smart decisions about money if they don't need to make smart decisions—if they can get rich making dumb decisions?

we are most often rewarded for punishing others, and punished for rewarding.

What are the odds that people will make smart decisions about money if they don't need to make smart decisions—if they can get rich making dumb decisions? The incentives on Wall Street were all wrong; they're still all wrong.

cause of the financial crisis was "simple. Greed on both sides—greed of investors and the greed of the bankers." I thought it was more complicated. Greed on Wall Street was a given—almost an obligation. The problem was the system of incentives that channeled the greed. The line between gambling and investing is artificial and thin.

If you wanted to predict how people would behave, Munger said, you only had to look at their incentives.

I've also long since realized that the way to really engage children is to give out prizes; it's amazing how it concentrates their minds.

In the coming years, as electricity becomes an even bigger part of our overall energy diet, we'll need models like these for grids around the world. They'll help us answer questions like: Which mix of clean energy sources will be the most efficient in a given place? Where should transmission lines go? Which regulations stand in the way, and what incentives do we need to create? I hope to see a lot more projects like this one.

We expect to adopt tax incentives for businesses that invest in the country.

Este error en la entrega postal se produjo debido a la forma en que los incentivos económicos se entrelazan con los problemas de identidad en el comportamiento humano. Ser pobre es ser invisible a ojos de los demás seres humanos, y la indignidad de la invisibilidad resulta a menudo peor que la falta de recursos.

Natural sociability can be overridden by the development of new institutions that provide incentives for other types of behavior (for example, favoring a qualified stranger over a genetic relative), but it constitutes a form of social relationship to which humans always revert when such alternative institutions break down.

War, as we saw in Volume 1, creates incentives for efficient, meritocratic government that ordinary economic activity does not and therefore is one important path to state modernity.

By breaking the link between individual effort and reward, collectivization undermined incentives to work, leading to mass famines in Russia and China, and severely reducing agricultural productivity.

This is a recurring theme in schools: if you are quiet, well-behaved and fairly bright you will be ignored, whereas if you are a lunatic who shuts up for five minutes you will be handsomely rewarded. #

Aligning strategy and sales is the most difficult part of implementation because it involves a combination of factors: a coherent strategy, the right incentives, hiring, developing a performance culture, and sustaining field behaviors in the face of market changes largely outside the control of the seller.

Incentives were important in attracting a candidate to accept a particular job, but once on the job it hardly mattered at all. People who are driven to perform do so based on internal drive, not on external incentives. They want to do a good job.

Upton Sinclair dictum: it is difficult to get a man to understand something when his salary depends upon his not understanding it.

men will resort to plunder whenever plunder is easier than work.

The entire point of life is to find ways to get others to do your work for you. Don't you know anything about basic economics?

Functional prices are those that encourage the largest volume of production and the largest volume of sales. Functional wages are those that tend to bring about the highest volume of employment and the largest real payrolls.