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in Business Studies by (66.9k points)

Shrestha Ltd. has not been able to achieve its sales targets. Mr. Vikas, the General Manager of the company, after adopting suitable controlling techniques, arrived at a conclusion that the employees were not putting in their full potential towards achieving the sales target. Hence, Mr Vikas decided to announce an incentive scheme under which the employees would be motivated psychologically, socially and emotionally to perform better. Mr. Vikas desired to announce a particular type of incentive that would work as a booster to workers as financial incentive as well as non-financial incentive. 

(a) Under which element of directing function of management incentives are being provided to employees. 

(b) Identify the incentive that can be classified as financial incentive as well as non-financial incentive. 

(c) Classify the incentive under which employees are motivated psychologically, socially and emotionally to perform better. 

(d) name the value emphasized by providing incentives to the employees.

1 Answer

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Best answer

(a) Motivation 

(b) Non financial incentive 

(c) Career advancement opportunities 

(d) (i) Doing the best (ii) Harmony

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