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How to Encourage Your Employees to Think and Act Like Owners

Great Leadership By Dan

Teach your employees the fundamentals of business and finance , how their company makes money, and how they add (or take away) value. Now you can look at creating a broad-based incentive plan tied to organizational performance, because it will be self-funded. Here are three steps that I recommend in order to accomplish this: 1.

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Why is it so darn easy to say NO?

Women on Business

What if service people were given incentives for the “yes” answers they gave to customers and were docked pay for their “no” answers? If the person says “yes” they may have to do something and then take a risk for doing it. And frankly, it seems that some service people don’t feel like they are being paid to say “yes.”

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Interns to the Rescue! :: Women on Business

Women on Business

If possible, provide some financial incentive like a small hourly rate or commission for work well-done. Make sure you say in your ad description what they need to be successful with you (eg – a computer with internet access, a nice phone voice, computer skills, etc.). I have used www.internhere.com to post my request.

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Bonus or No Bonus? | N2Growth Blog

N2Growth Blog

There is a tremendous amount of conflicting data as to whether or not incentive compensation in any form is an effective motivation tool. In today’s post I’ll take a look at the well intentioned but often misguided practice of year-end bonuses… Here’s a question – do bonuses work?

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Leadership Interview: Pete Wilson | N2Growth Blog

N2Growth Blog

Whether paid work or a volunteer role within a church, placing people in positions where they can maximize their strengths, know that they are truly valued and that they play a significant role in fulfilling the vision will go a long way towards preventing burn out and loosing incentive. Great interview Mike!

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Green Police

Chris Brady

This has always been accomplished best through community activism, social norms, private enterprise, proper incentives aligned to reinforce the correct behavior, and the like. It all started with the "I Want You to Want Me" song that I first heard blaring at a gas station in South Carolina while on vacation.

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Why America Is Losing Its Entrepreneurial Edge

Harvard Business Review

The rate of business formation in 2011 was almost half of what it was in 1978, with the rate of dissolution somewhat higher than the past couple decades. When a company had dozens of potential competitors in various geographic regions, there was an incentive to innovate before the other guy does. Economy Entrepreneurship Finance'