International Economic Environment Defined. The international economic environment can be described as the global factors that are outside of the control of individual organizations but that can affect the way that businesses operate. These factors include unemployment rates, inflation rates, and labor costs.
Extrinsic motivation refers to the performance of an activity in order to attain a desired outcome and it is the opposite of intrinsic motivation. Extrinsic motivation comes from influences outside of the individual.
However, extrinsic rewards can also be as simple as getting the better office, verbal praise, public recognition and awards, promotions and additional responsibility. An extrinsically motivated person will work on a task that they do not particularly care for simply because of the anticipated satisfaction that will come from the extrinsic reward. Frederick Herzberg found intrinsic rewards to be much stronger than financial rewards in increasing employee motivation.