Examlex
The __________ stage of the new-product process includes an examination of the technical feasibility for the product, such as 3M determining that the firm's micro-replication technology (the 3,000 tiny gripping fingers) could be used to improve the gripping power of batting or work gloves.
Total Rewards Approach
A strategy that encompasses all forms of compensation, including salary, benefits, recognition, and development opportunities, to motivate and retain employees.
Compensation System
An organized approach used by employers to determine the value and pay structure for different positions within the organization.
Compensation Strategy
A plan or approach designed by an organization to determine how employees are rewarded for their work, including salaries, benefits, and bonuses.
Extrinsic Rewards
Benefits or compensation provided by external factors, such as money, grades, or recognition, to motivate behavior.
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