ENTREPRENEURIAL OPERATIONS
CHAPTER 7 ENTREPRENEURIAL LEADERSHIP AND MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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position
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reward
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expert
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identity
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Detailed explanation-1: -Reward power is the ability to reward others when they follow your wishes or instructions. For example, a manager may be able to reward raises, promotions, bonuses or even simple compliments to sales employees who meet their quotas. These rewards can increase employees’ incentive to perform.
Detailed explanation-2: -Monetary incentives include profit sharing, project bonuses, stock options and warrants, scheduled bonuses (e.g., Christmas and performance-linked), and additional paid vacation time. Traditionally, these have helped maintain a positive motivational environment for associates.
Detailed explanation-3: -Recognition and rewards. Referral programs. Professional development. Profit sharing. Health and wellness. Tuition reimbursement. Bonuses and raises. Fun gifts. More items •20-Oct-2020