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Financial Friday: Financial Incentives
FF: Financial Incentives
If you want more of something, incentivize it. If you want less, tax it. The same thing works with business and family. If you think you are incentivizing the correct things, look at your results. Make sure you are congruent. Look at the unintended consequences. It is amazing how a small change in the incentive structure can dramatically improve results.
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The skinny
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