An Objectivist entrepreneur is motivated to pursue an idea for their own purposes, applying their creative ambitions to produce something of value. The execution of their creative abilities toward a purposeful goal is self-rewarding, self-fulfilling and the source of their motivation. But does the same motivation apply to an employee? Or are incentive and motivation …
Compensation in all its forms, salaries, wages, benefits, profit sharing, stock options and perks is certainly an incentive for an employee even if ideally not the source of their motivation. Can an executive be paid too much? Can a wage earner be paid too little? Who gets to decide? For an entrepreneur actively seeking the …
Companies usually organize employees that share common activities and responsibilities into teams and groups. Teams meet for a variety of reasons ranging from simply exchanging information to collective decision making. There are varying opinions on the use and effectiveness of meetings. Bill Gates is quoted as saying “You have a meeting to make a decision, …
What is the nature of the relationship between an employer and an employee? Is it based on Paternalism, the idea a company is like a family with the employer as the patriarch to which employees subordinate themselves? Or is it based on Individualism, with both the entrepreneur and their employees, in pursuit of their own …