ISSN : 0976-531X
EISSN : 0976-5352
Nandanwar M.V.1*, Surnis S.V.2, Nandanwar L.M.3
1Department of Business Management, Padmashree Dr. D. Y. Patil University, CBD Belapur, Navi Mumbai, India
2Principal, Chetna’s Hazarimal Somani College of Commerce and Economics, Bandra(E), Mumbai, India
3Department of Business Management, Padmashree Dr. D. Y. Patil University, CBD Belapur, Navi Mumbai, India
* Corresponding Author : nandanwarmv@bharatpetroleum.in
Received : - Accepted : - Published : 21-12-2010
Volume : 1 Issue : 2 Pages : 15 - 20
Int J Econ Bus Model 1.2 (2010):15-20
DOI : http://dx.doi.org/10.9735/0976-531X.1.2.15-20
Keywords : Small scale enterprise, Monetary and non-monetary Incentives, Organizational success,
Motivation, Job satisfaction, Accident rates, production wastage, absenteeism
Conflict of Interest : None declared
An incentive schemes can be a tool towards achieving organizational success of a small entrepreneur business. This study was conducted in a small scale pharmaceutical enterprise established in year 2000, located in Taloja industrial area, Navi Mumbai, India. It was found that monetary and non–monetary incentives schemes had a great impact in achieving organizational success. The present incentive schemes were studied on various parameters and were found satisfactory. The findings of study reveals the positive reflection of incentives on tangible determinants of organizational success like employee abse nteeism, accident rates and percentage wastage. This study also evaluates and identifies relationship between attitude towards monetary and non – monetary incentives with other non-tangible determinants of organizational success ,employee motivation and job satisfaction.
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