The winning team, led by Manuel Cebrian and Sandy Pentland of the Massachusetts Institute of Technology (MIT), found all the balloons in just nine hours, using a clever incentive-based strategy to encourage participation.
Side-by-side with the review, the FCC is proposing an incentive-based reverse auction strategy to have TV broadcasters voluntarily give up their spectrum for cellular and data use.
The adviser would have an incentive to dissuade the investor from any investment strategy that might decrease the total assets under management and the fee base.
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Having a high market share helps this strategy because it provides a financial incentive for third-parties to fill in features that might draw customers to competitors or add new ones (like car stereo integration) that are difficult for competitors to match.
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However, for those organizations just seeing this threat for the first time, they now have all the incentive they need to take action and put a strategy in place to protect themselves from both security and legal risks.
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If he wants his grand strategy to work, Mr Zoellick has every incentive to come up with such solutions and convince his boss to embrace them.
While specific industry knowledge can be an asset, it also can result in failure to sufficiently consider other approaches to incentive design and performance measurement that may better fit the strategy of the company.
Also, the company is embarking on a new marketing strategy that shies away from cash-back and employee-discount incentive programs and instead puts lower price tags on the vehicles to begin with.
Incentive pay should be the very last thing you do, once you have got your strategy right and understand your business.
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