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Title: Payment Systems: Control and Commitment in Newton’s Ingredients: Employee Motivation

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Subject: Business
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Date: June 1, 1998
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Length: 1 / 292
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‘The Carrot and the Stick Approach’ described by 19th Century philosopher, Jeremy Bentham, says that motivation can be achieved using a system of rewards (the carrot) and penalties (the stick). The new wage-payment structure in the company can be regarded as ‘the carrot’...

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‘The Carrot and the Stick Approach’ described by 19th Century philosopher, Jeremy Bentham, says that motivation can be achieved using a system of rewards (the carrot) and penalties (the stick). The new wage-payment structure in the company can be regarded as ‘the carrot’...

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