Tying Rewards and Incentives To Strategy Execution

Tying Rewards and Incentives To Strategy Execution 

1.   It is important for both organization subunits and individuals to be enthusiastically committed to executing strategy and achieving performance targets.

2.   To get employees’ sustained, energetic commitment, management has to be resourceful in designing and using motivational incentives – both monetary and nonmonetary.

CORE CONCEPT: A properly designed reward structure is management’s most powerful tool for mobilizing organizational commitment to successful strategy execution.