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Erschienen in:
2021 | OriginalPaper | Buchkapitel
The Trade-Offs of Incentive Programs in Family Enterprises
verfasst von : Hermut Kormann, Birgit Suberg
Erschienen in: Topics of Family Business Governance
Verlag: Springer International Publishing
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Abstract
In all professional vocations, it is usual that more work generates a higher income. The medical doctor, the lawyer, the architect who works more will write more letters of liquidation. However, these invoices are not—at least in Europe—linked to the specific result of the professional involvement. This is not considered necessary as it is taken for granted that the professional will work to the best of his or her ability in the interest of the client.