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Briefly Explain the Proposed Solutions for the Decline in the Vitality

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Essay

Briefly explain the proposed solutions for the decline in the vitality and relevance of industrial relations.


Definitions:

Incentive Plans

Programs designed to motivate and compensate employees beyond their regular pay, based on performance or achievement of specific targets.

Senior Executives

High-level managers and officers within a company who are responsible for making crucial decisions and implementing strategies that shape the company's direction and success.

Conflict of Interest

A situation where an individual's personal interests could interfere with their professional duties or responsibilities, potentially leading to biased decisions.

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