Tying rewards and incentives tp strategy execution
Why is strategy execution for tying rewards and incentives important?
Expert
Tying Rewards and Incentives to Strategy Execution important:
1. It is significant for both organization subunits and individuals to be enthusiastically committed to executing strategy and achieving performance goals.
2. To get employees’ continued, active commitment, management has to be resourceful in designing and usingmotivational incentives – both nonmonetary and monetary.
Core Concept:
A correctly designed reward structure is management’s most powerful instrument for mobilizing organizational commitment to winning strategy execution.
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