Intrinsic Motivation: The internal desire or satisfaction that comes from performing a task or job itself. For example, an employee might be intrinsically motivated by the sense of accomplishment they feel when completing a challenging project.
Extrinsic Motivation: External factors such as rewards, recognition, or incentives that drive individuals' behavior. An example could be an employee working harder because they are motivated by the promise of a promotion or bonus.
Goal Setting Theory: This theory suggests that specific and challenging goals can enhance individual performance and motivation. By setting clear objectives for employees, employers can increase their motivation levels.