INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which approach emphasizes the importance of providing rewards and incentives to employees who meet or exceed performance expectations?
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Contingent reward approach
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Equity approach
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Behavioral approach
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Transformational approach
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Explanation:
Detailed explanation-1: -Reward Systems: This intervention involves the design of organizational rewards to improve employee satisfaction and performance.
Detailed explanation-2: -Offer financial rewards, non-monetary rewards, and recognition. There are many different types of rewards to motivate employees, but reward systems that include a combination of cash and non-monetary rewards as well as social awards, such as recognition and praise, have the greatest impact on employee performance.
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