Give at Least Three Examples of Nonmonetary Motivation and Rewards

question 86

Essay

Give at least three examples of nonmonetary motivation and rewards practices that have the capability to foster good strategy execution,and explain how they act to produce such a result.

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Definitions:

Substitute Goods

Products or services that can be used in place of one another, satisfying similar needs or desires.

Complementary Goods

are products or services that are used together, where the use or consumption of one increases the demand for the other.

Close-Substitute

A good or service that can easily replace another in satisfying consumer needs, with very little change in consumption patterns.

Consumer Preferences

The tastes, preferences, and priorities that individuals have regarding the consumption of goods and services.