Asked by Kitty Dollas on Jul 12, 2024
Verified
Incentive plans can create an organizational environment of "shared commitment," since individuals contribute to organizational success.
Shared Commitment
A mutual understanding and agreement among members of a group to work towards a common goal or adhere to a set of standards.
Organizational Environment
Encompasses the external and internal factors that influence an organization's operating conditions, including economic, technological, social, and legal aspects.
- Detail the diversity of incentive strategies and evaluate their success in stimulating workforce motivation.
Verified Answer
CN
carlesia nunnallyJul 12, 2024
Final Answer :
True
Explanation :
Incentive plans encourage individuals to work towards organizational goals by rewarding them for their contributions, which can foster a sense of shared commitment and teamwork towards achieving success.
Learning Objectives
- Detail the diversity of incentive strategies and evaluate their success in stimulating workforce motivation.
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