Fictitious Company Value

Value based management incentive program :Introduction:There have been a plethora of management approaches in recent years. Each of these approaches have brought in value adds to organization for improving management and organizational performances. Many have succeeded but many have failed because they were not aligned properly to the goal of creating value to the organization. Value based management provides the necessary value upon which the organization can be built. This company manufactures types for sports vehicles and relies on principles of Kaizen and TQM with lean manufacturing methods. The value based management incentive program that was to be institutionalized was an employee incentive program that was to be based on profit sharing and bonus. The program:The value based management incentive program has been conceptualized as a firm of profit sharing program for employees. Though profit sharing is a good reward for employees. This profit sharing is linked to the up gradations that the employees continually strive for. Being a manufacturing organization employees need to get better qualified to meet the demands of new environmental friendly practices and manufacture . This not only helps the employee in become more adaptive to new technology but also