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The $100 MBA Show

MBA1737 Should You Give Awards to Your Team? + Free Ride Friday

The $100 MBA Show

Omar Zenhom

Marketing, Entrepreneurship, Careers, Business

4.91.2K Ratings

🗓️ 5 March 2021

⏱️ 9 minutes

🧾️ Download transcript

Summary

When’s the last time you got a trophy? Call it cheesy, but on some level everyone loves an award. The question is whether it’s an effective motivator in business. Is symbolic recognition inspiring, or insulting? Appreciated, or patronizing?

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, welcome to the 100 R. M. B. A. A. A. A. A. A. A show. Business Podcast That's Always Got Your Back, every single day with our daily 10 minute

0:16.3

business lessons for the real world.

0:18.2

I'm your host, your coach, your teacher, Omar's at home.

0:21.8

I'm also the co-founder of Webinar Ninja

0:23.7

an independent software company. I started with my partner back in 2014 and today's

0:28.4

episode is Free Ride Friday. If you're new to the show what what we do on Freight Friday is give away a lifetime

0:35.2

membership to one of our training programs.

0:37.8

We're giving away Easy Course, our $500 course on how to build your own online course in 30 days over at easy

0:44.3

course.co. If you want to win it just leave us an Apple podcast rating and review

0:49.3

and you enter our weekly random draw just listening on Friday to see if you won. It's that simple. It's

0:54.9

our way to say thanks for showing us love on Apple Podcast. In today's lesson you will learn

1:00.1

should you give out awards to your team? Do giving out certificates and trophies and awards

1:06.6

for different accomplishments really work? Or are they just cheesy? Are they actual useful

1:11.9

tools to motivate your team members to keep working hard? Or are

1:16.2

they patronizing and a little bit outdated? Well, we get into all that in today's episode, so let's get get into it let's get down to business.

1:26.8

Today's episode reminds me of a reoccurring episode that you might have caught on the office.

1:33.8

You know that sitcom with all those people working at Dunder Mifflin, the paper company

1:37.8

in Scranton, Pennsylvania.

1:39.8

There was this reoccurring episode of them all going to chilies and attending the ceremony they called

1:47.5

the Dundees. Where Michael Scott, the boss of the office would give out little trophies, the ones you would see like at

1:56.0

kids soccer matches to the people at the office at the company for different and sometimes strange accomplishments.

2:05.3

On the show it's very clear that only Michael Scott, the boss, is really enjoying themselves

...

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