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