Use the experience of executive compensation at Valeant and at tech companies to
ID: 343369 • Letter: U
Question
Use the experience of executive compensation at Valeant and at tech companies to make the connections to your learning. Discuss your learning on the power of incentives and how they apply towards excellence indecision making(or not). What does your learning say about the decision maker and his/her capabilities? Use the experience of executive compensation at Valeant and at tech companies to make the connections to your learning. Discuss your learning on the power of incentives and how they apply towards excellence indecision making(or not). What does your learning say about the decision maker and his/her capabilities?Explanation / Answer
Power of incentives Yas direct impact on the performance wise . Incentives provides motivation for the employees which makes them to be more committed to the work which they are doing and it helps them to realise how much company has given worth for their hard work. Incentives which is porportional to their sales target or output of their quality of work provides value addition to their work and they make feel proud of what they achieve . It helps them to work hard more for gaining more incentives. .
Decision making skill is all about understnding the complexities involved in work and taking decision wisely based upon the situation demand and business objective requirement. It is inevitable to consider the employees requirement and to create a win win situation inorder to fulfil the need of all stakeholders .
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