The potential pitfalls of on-line trading can come from false information or rumors in chat rooms or a temporary groundswell of excitement over a particular stock. He encourages his students to remember the fundamentals of sound investment strategy and not to trade on sentiment. David Schoorman, who teaches human resource management at Purdue's Krannert School of Management, also consults extensively with industry. People putting together compensation and benefit plans often underestimate the value of growth opportunities, both professional and personal, as motivational tools. Still, all is not lost, says Schoorman.
Creative managers can work within a company structure to keep employees motivated.
Give employees challenging tasks that allow for visibility and professional growth. For more social employees, make team or group work situations available. Above all, says Schoorman, supervisors and managers need to build and maintain individual relationships with employees. That's the only true way to know what does motivate them. Richard A. Cosier, dean of the business school at the University of Oklahoma, will be the next dean of the Purdue University School of Management and the Krannert Graduate School of Management, Purdue President Steven C. Beering announced earlier this month.