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Why Are Nonfinancial Rewards Important

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Why are nonfinancial rewards important?


Definitions:

Action Horizon

The future time limit within which a plan or project is expected to be completed or a result is anticipated.

Research and Development

represents systematic activities companies undertake to innovate and introduce new products or services, encompassing both the exploration of new ideas and the refinement of existing ones.

Cross-Functional Teams

Groups composed of members from different departments or expertise areas, working together towards a common goal or project completion.

Team Structure

The arrangement of roles, responsibilities, and relationships within a team, determining how activities and tasks are allocated among members.

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