The acronym "PRICE" refers to the "P.R.IC.E. Motivation System," which stands for "Pinpointing, Recording, Involvement, Consequences, and Evaluation."
- You start with PINPOINTED OBJECTIVES that are easily identifiable and measurable. Then, you check to make sure that they are also realistic, meaningful, simple to understand, and perceived as personally worthwhile by everyone involved in their implementation!
- The second step in motivating employees is "RECORD KEEPING." It is essential to establish a score keeping system by which employees and supervisors can tell how fast and how far and in what direction their motivation is taking them!
- INVOLVMENT - Making each team player a part of keeping the scores as high as possible!
- CONSEQUENCES - Making teamwork an everyday working reality!
- EVALUATION - You can consolidate the motivational drive of your work teams and ensure that they will operate at peak performance when you deliver predictable positive consequences!
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