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  2. Incentive - Wikipedia

    en.wikipedia.org/wiki/Incentive

    A common monetary incentive system used by firms is performance-based pay where incentives are paid based on employees' productivity or output over a particular period of time. Some methods are commission-based where the employee, for example a salesperson, receives a payment directly correlated to their output level.

  3. Good Profit - Wikipedia

    en.wikipedia.org/wiki/Good_Profit

    The former are incentives that "reward creating the most value in society," while the latter "motivate employees to do the wrong things." Beneficial incentives are characteristic of prosperous societies; perverse incentives are found in societies, including Communist societies that suffer from poverty, waste, and corruption.

  4. Incentive program - Wikipedia

    en.wikipedia.org/wiki/Incentive_program

    An incentive program is a formal scheme used to promote or encourage specific actions or behavior by a specific group of people during a defined period of time. Incentive programs are particularly used in business management to motivate employees and in sales to attract and retain customers.

  5. Incentivisation - Wikipedia

    en.wikipedia.org/wiki/Incentivisation

    For example, individual prizes as incentives cater towards more individualistic societies, whereas rewards that can be shared amongst an in-group are more suited to collectivist cultures. [ 17 ] Cultural value systems are also important to consider when incentivizing individuals, as certain forms of incentives may be more suited than others.

  6. Pay-for-Performance (Federal Government) - Wikipedia

    en.wikipedia.org/wiki/Pay-for-Performance...

    Pay-for-Performance is a method of employee motivation meant to improve performance in the United States federal government by offering incentives such as salary increases, bonuses, and benefits. It is a similar concept to Merit Pay for public teachers and it follows basic models from Performance-related Pay in the private sector.

  7. 44 memorable Charlie Munger quotes about life and markets - AOL

    www.aol.com/finance/45-memorable-charlie-munger...

    To commemorate Munger's monumental legacy, we’ve compiled some of our favorite Charlie quotes: On life: “I think life is a whole series of opportunity costs. You know, you got to marry the ...

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