Incentives and their effects

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"Incentives and Their Effects" Please respond to the following:

Research has shown that people have a basic need for recognition. Managers often think that financial rewards are the best incentive for employees. List three ways managers can use incentives to reward and recognize their teams of employees without spending any money. Explain your reasoning.

Analyze why money is often thought to be the most effective motivator and how the hospitality industry is able to dispel this common assumption.

Reference no: EM13905463

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