Synonyms
Definition
The term “incentive” (from Latin incentivum “something that sets the tune”) indicates a tangible and/or intangible reward that motivates people and creates favorable environmental conditions to maximize performance and/or to achieve specific goals in organization or competition or society.
Introduction
The concept of incentive in management and economics is developed from behavioral sciences (psychology, psychobiology, and cognitive science) to analyze and explain what motivates people in organizations and/or competition. In general, the concept of incentive is associated with motivation, which indicates the forces that energize, direct, and sustain behavior. Management uses systems of incentive to motivate employees to work, to achieve strategic goals, to improve organizational and managerial behavior of firms in markets, etc. (O’Reilly and Caldwell 1980; Prendergast 2008; Pritchard et al. 1977; Reif 1975). Incentives...
References
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Mario, C. (2019). Comparative Incentive Systems. In: Farazmand, A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-31816-5_3706-1
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DOI: https://doi.org/10.1007/978-3-319-31816-5_3706-1
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