Differentiate Between Outcome-Oriented Contracts and Behavior-Based Contracts

question 3

Essay

Differentiate between outcome-oriented contracts and behavior-based contracts.

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Definitions:

High-Performance Work Practices

Organizational practices that enhance the productivity and effectiveness of an organization and its employees.

Human Capital

The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

Organizational Effectiveness

Measures how efficiently and effectively an organization meets its goals and satisfies its stakeholders.

Valuable Knowledge

Information or expertise that is considered highly beneficial or insightful, often contributing to improved outcomes or competitive advantage.