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Management by Objectives (MBO)
Management technique is based on target-setting theory in which employees are given specific measurable goal to achieve. MBO has been shown to be successful when the targets are realistic, when feedback and rewards are contingent on goal accomplishment and when there is top management commitment.
I ncentives These are rewards given when vendor/contractor exceeds your expectation. Incentives should increase contractor?s profit. Incentives can be categorised as:
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