Sometimes a company can speed-up the task of building an organizational capability in-house by: ?putting in high-incentive bonuses to reward individual employees who train hard to develop the desired capability. ?empowering a team of employees to develop the capability however they best fit. ?using benchmarking and the adoption of best practices to imitate a capability that rivals have already developed. ?either acquiring a company that has already developed the capability or else acquiring the desired capability through collaborative efforts with outsiders having the requisite skills, know-how, and expertise. ?launching an extensive training effort to develop the capability quickly with newly hired employees.
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Putting in high-incentive bonuses to reward individual employees who train hard to develop the desired capability: This can be an effective way to motivate employees to invest their time and effort into developing the capability. By offering attractive bonuses, Show more…
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