Recently we’ve had these two TED Talk presentations going around the office and we thought we should also share them with you, as both have very interesting lessons on the innovation process.
“Ladies and gentlemen of the jury, some evidence: Dan Ariely, one of the great economists of our time, he and three colleagues did a study of some MIT students. They gave these MIT students a bunch of games, games that involved creativity, and motor skills, and concentration. And the offered them, for performance, three levels of rewards: small reward, medium reward, large reward. If you do really well you get the large reward, on down. What happened? As long as the task involved only mechanical skill bonuses worked as they would be expected: the higher the pay, the better the performance. Okay? But once the task called for even rudimentary cognitive skill, a larger reward led to poorer performance.”
Surprised? So are we. To find out more, listen to Dan Pink’s presentation, we promise it will all make sense.