Interesting story featured in today's Morning Brew newsletter regarding incentives:
"On Saturday, superstar Swedish pole vaulter Mondo Duplantis broke his own world record by clearing 6.24 meters (20.47 feet). His previous record? 6.23m set last September, then 6.22m before that. It’s by design: Duplantis gets a check (which can reach up to $100k) when he breaks the world record, so he raises the bar by one centimeter each time to maximize his earnings.
This playbook was written decades ago by the great Ukrainian pole vaulter Sergey Bubka. To collect as many checks from Nike as possible, Bubka broke his own record at least a dozen times between 1985 and 1994. During those nine years, the bar went all the way from 6.00m to…6.14m."
If you aren't tied to specific incentives, how can you create your own in order to achieve your goals?
#incentives #goals #productivity #recruitment #executivesearch #executivecoaching
Gratulations!