05 April 2010

The Law of Diminishing and Increasing Returns

The Law of Diminishing Returns is a law in economics which means  if one factor of production is increased while other factors are held constant, the resulting increase in output will level-off after some time and then decline. In short,
"The gain is not worth the pain."
But there is another law, ironically, the opposite.
The Law of Increasing Returns is a law in motivation which states:
"Render more service than that for which you are paid and you will soon be paid for more than you render. The law of increasing returns takes care of this."- Napoleon Hill

It always pays to go the extra mile in motivation, but be guided by economics..


Random Student said...

i guess that also works for being employed. there is a science to being one as well.

Rah said...

Hehehe, oo nga radom student, nakakita ako ng libro about being an employee dati, title:Your boss is not your Mother ata yon, at saka, Don't Sweat The Small Stuff in the office, nakakatuwa yung mga ganong libro on office street smartness.