Management: A substitute for incentives Available to Purchase

‘The plain fact is that most incentive schemes are not true systems of payment by results at all. If they were, there would be far more problems of quality control and of unbalanced production of parts. Measurement, however meticulous it may appear to the uninitiated observer, has long since been subordinated to negotiation and custom’…Stanley Alderson looks at the flaws of conventional incentive schemes and the merits of a ‘capital‐sharing’ replacement.