Incentive management system is basically a scientific approach that provides full support for different business organizations. And this particular management system is actually based on research. Generally, the various theories are presented by many of the leading scientists management experts. The following is a brief description of some important incentive management theories and their backgrounds.
Motives and Incentives
Often regarded as W. Edwards Deming, the father of the theory of management incentives. He was one of the first scientists to fully understand the importance and functions of the various incentives. The study was based on incentives on a long study of the motives and the various factors influencing it. He said that the motive behind the goals can be different causes and incentives can be be a great help to start it.
Quality Management Research
He also studied Edwards Deming the relationship of the various elements and external factors that affect the design. He is a world fir management clearly understand the importance of quality of different functions. According to him,”The functions are more important than Materials”. This was a radical change from the previous thinking that the best results can be achieved through the use of better equipment.
Division and development of a system
He was one important discovery Daming who coined the establishment of a structured approach for addressing any business. According to his research the best result can only be achieved through a focus on improving the system and work as a whole. He also found that working alone in different parts can only provide an increase in defects and differences in performance.
Study reducing incentive
George Edwards also studied Da Ming and presented the theory that incentives also has its limits. This is refreshing to know that scientists rationally as he was working and producing results on the basis of that, too. The reasons given by around these limitations due to the fact that once the incentives are applied vigorously, achievable goal becomes real rather than improving and improving the overall performance of the system.
Incentive system design
In light of these various theories one can easily understand the limitations of the system of incentives and the best way to use it. Design of any incentive program is the backbone of the whole process, for example, operating system design steps with the Division of different activities, and resource allocation. The next stop in this environment and will be studied to find the various factors that affect and sorting them.