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Essay / Research Paper Abstract
This is a 4 page paper that provides an overview of organizational innovation. The role of incentive programs in driving innovation is explored. Bibliography lists 1 source.
Page Count:
4 pages (~225 words per page)
File: KW60_KFincent.doc
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Unformatted sample text from the term paper:
listed below. Citation styles constantly change, and these examples may not contain the most recent updates. Driving Innovation Through Incentives , 3/2011 --for more
information on using this paper properly! Innovation has always been a critical aspect of success in any field. While a solid and dependable service model that builds a strong
foundation of customer trust and loyalty is still a necessary cornerstone for any successful enterprise, the realities of modern business in the 21st century dictate that such strategies are no
longer enough to grow, expand, and turn a profit. Regardless of the sector or industry one finds ones self in, innovation is positively essentially. This is because, as more and
more markets become glutted with competing services, and the competitive advantage conferred by information technology adoption and other such stalwart strategies becomes the new norm, innovation remains the means by
which one organization can secure an advantage over its competitors, and thus ensure survival in the market. This trend is especially true in those most venerable of industries, such as
the banking and lending industry; in these fields, where centuries of experience have solidified the basic fundamentals of business practice, innovation is all the more important. This paper will explore
how innovation can be facilitated through the use of effective leadership and the wise implementation of incentive programs. This paragraph helps the student give an example of their hypothetical
institution. The banking industry is by now a common feature of most every civilization; where progress occurs, there one can find bankers and lenders plying their trade. This means that
the industry has had quite some time to solidify the basic fundamentals of practice, such as lending, collateral, interest, and so on. Matters such as specific interest rates or fee
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