![]() Extrinsic rewards can be financial (a bonus, incentive, or commission) or non-financial (praise, a training badge, a development opportunity, or a coveted project assignment). In contrast, extrinsic reward is something that comes from an external source-for example, your instructor at school or your manager at work. An intrinsic reward is intangible it might be the sense of satisfaction you get from mastering a new skill or the successful completion of a complex project or from working on a project that has personal significance or meaning. Intrinsic rewards are internal and reflect an individual’s interests, values and aspirations. To understand the nature of rewards, we need to distinguish between those that are intrinsic and those that are extrinsic. Differentiate between intrinsic and extrinsic rewards.
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