Modern Business Magazine July 2016 | Page 54

MODERN BUSINESS Too busy for progress: Why efficiency is killing business By Jason Fox I rrelevance awaits business leaders who find themselves too busy for meaningful progress. It’s an insidious threat, and the shadow side of the number one breakthrough business idea from the Harvard Business Review in 2010 - ‘The Progress Principle’. 54 ModernBusiness July 2016 Research by Professors Teresa Amabile and Steven Kramer identified that people’s motivation is at its highest when they can see how their efforts contribute to progress. This explains why we find lists of things to do so motivating – to the point where we will sometimes write down things we have already done, just so that we can tick them off to get a sense of progress. It is one of the most useful business concepts for any leader: visibility of progress is more important as a motivator than peer support, clear goals, incentives and rewards.