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Implementing strategy-based incentive systems

Submitted by admin on Thu, 23/12/2010 - 4:41pm

The successful execution of a strategy requires a strong orientation of individual targets on the overall strategic objectives. That's why a lot of companies use strategy-based incentive and reward systems to motivate management and employees to contribute to the overall strategic direction. The main driver for the successful implementation of any incentive system is the acceptance of management and employees.

For users of the system it is of great importance that the content, the process of target setting, the performance evaluation and assessment are transparent & fair. Only then will the new system increase effective decisions and motivate employees throughout the organization to contribute to the strategy implementation. B&M provides a systematic and practical solution in the development and implementation of a strategy-based incentive and reward system. By linking your strategy and Balanced Scorecard to personal targets and incentives, we create active involvement of your entire organization.

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Implementing strategy-based incentive systems

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