January 2013
Intermediate to advanced
144 pages
3h 45m
English
Content preview from Understanding the Dynamics of the Value ChainBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Introduction
Introducing an organization-wide variable compensation system based on overall company performance is one of the key initiatives that should be pursued in the efforts to effectively manage the value chain. Yet, the subject is largely absent in any discussion of value chain–related issues. As we have seen, the value chain involves interdependencies, cooperation, and team performance. Compensation systems need to be designed to reinforce those behaviors to more tightly tie the identity of frontline workers to the goals and objectives of the firm. Organization-wide variable pay for everyone can boost productivity and profitability that generates a return on investment (ROI) that essentially makes the system self-financing. It is the ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.