How Do Companies Organize New Product Development

question 112

Essay

How do companies organize new product development?

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Definitions:

Gainsharing

A performance-based compensation strategy that rewards employees for contributing to improved productivity or cost savings within their team or organization.

Employee Share Ownership Plans

Programs that enable employees to become partial owners of the company they work for by purchasing or receiving shares.

Contrast

The state of being strikingly different from something else, typically something in close association.

Self-leadership Model

A self-influence process through which individuals control their own behavior, influencing and leading themselves towards achievement of objectives.