Incentives as a Tool Towards Organizational Success of Entrepreneur Business: A Case Study of Small Scale Pharmaceutical Manufacturing Unit

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Executive Summary

An incentive schemes can be a tool towards achieving organizational success of a small entrepreneur business. This paper 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. This paper reveals the positive reflection of incentives on tangible determinants of organizational success like employee absenteeism, accident rates and percentage wastage.