In this NZZ interview with Mr. Brady W. Dougan , CEO of Credit Suisse, I heard Mr. Dougan say the following: ”Our compensation systems were an important aspect of us being able to deliver that kind of performance through a very challenging period..” The remarks by Mr. Dougan raise an interesting question: What are people driven by? In this regard, I came across some interesting experiences / studies: # 1 Reading this article , I learned about what the management of BMW has discovered: The people, who work for BMW, are intrinsically motivated people who do not need carrots in order to be able to move. # 2 In this 4½ minute video , Gary Hamel mentions that initiative, creativity, and passion, that create wealth in the creative economy, cannot be commanded. # 3 In this 1 minute video , Alfie Kohn explains that the more you reward students for doing something, the more they tend to lose interest. # 4 In this Time article , I read about the findings of Edward Deci. Mr. Deci’s research sho...