{"id":83,"date":"2012-09-20T03:59:40","date_gmt":"2012-09-20T03:59:40","guid":{"rendered":"http:\/\/blogs.law.harvard.edu\/willbanks\/?p=83"},"modified":"2014-03-14T03:09:28","modified_gmt":"2014-03-14T07:09:28","slug":"corporate-incentive-management-a-philosophy","status":"publish","type":"post","link":"https:\/\/archive.blogs.harvard.edu\/willbanks\/2012\/09\/20\/corporate-incentive-management-a-philosophy\/","title":{"rendered":"Corporate Incentive Management &#8211; A Philosophy"},"content":{"rendered":"<div style=\"width: 150px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/www.lincolnelectric.com\/en-us\/company\/Pages\/company-history.aspx\"><img loading=\"lazy\" decoding=\"async\" title=\"James F. Lincoln - Lincoln Electric\" src=\"http:\/\/www.lincolnelectric.com\/en-us\/company\/PublishingImages\/company-history-james-f-lincoln.jpg\" alt=\"James F. Linclon\" width=\"140\" height=\"140\" \/><\/a><p class=\"wp-caption-text\">James F. Lincoln<\/p><\/div>\n<p>James F. Lincoln&#8217;s philosophy on encouraging teamwork, competition, and fair incentives to drive corporate performance:<\/p>\n<p><em>&#8220;There will always be greater growth of man under continued proper incentive. The profit that will result from such efficiency will be enormous\u2026 How,then, should the enormous extra profit resulting from incentive management be split?\u2026 If the worker does not get a proper share, he does not desire to develop himself or his skill\u2026 If the customer does not have part of the savings in lower prices, he will not buy the increased output\u2026 Management and ownership must get a part of the savings in larger savings and perhaps larger dividends\u2026 All those involved must be satisfied that they are properly recognized or they will not cooperate\u2014and cooperation is essential to any and all successful application of incentives.&#8221;<\/em><\/p>\n<p>James F. Lincoln, 1951 <em>Incentive Management<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>James F. Lincoln&#8217;s philosophy on encouraging teamwork, competition, and fair incentives to drive corporate performance: &#8220;There will always be greater growth of man under continued proper incentive. The profit that will result from such efficiency will be enormous\u2026 How,then, should &hellip; <a href=\"https:\/\/archive.blogs.harvard.edu\/willbanks\/2012\/09\/20\/corporate-incentive-management-a-philosophy\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":4699,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[77598,574,77549,6277,2958],"class_list":["post-83","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-employee-incentives","tag-management","tag-mba","tag-motivation","tag-theory"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/archive.blogs.harvard.edu\/willbanks\/wp-json\/wp\/v2\/posts\/83","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.blogs.harvard.edu\/willbanks\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.blogs.harvard.edu\/willbanks\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/willbanks\/wp-json\/wp\/v2\/users\/4699"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/willbanks\/wp-json\/wp\/v2\/comments?post=83"}],"version-history":[{"count":5,"href":"https:\/\/archive.blogs.harvard.edu\/willbanks\/wp-json\/wp\/v2\/posts\/83\/revisions"}],"predecessor-version":[{"id":449,"href":"https:\/\/archive.blogs.harvard.edu\/willbanks\/wp-json\/wp\/v2\/posts\/83\/revisions\/449"}],"wp:attachment":[{"href":"https:\/\/archive.blogs.harvard.edu\/willbanks\/wp-json\/wp\/v2\/media?parent=83"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/willbanks\/wp-json\/wp\/v2\/categories?post=83"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/willbanks\/wp-json\/wp\/v2\/tags?post=83"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}