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Development of motivational mechanisms: regional aspect


Bilchak V.S., Bilchak M.V.
(about the authors)

Bilchak Vasiliy Stepanovich – (University of Warmia and Mazury in Olsztyn)

Bilchak Mikhail Vasilevich – (University of Warmia and Mazury in Olsztyn)

Published in:
Leadership and Management
– Volume 3, Number 3 (July)

JEL classification: D53, H12, M54

Keywords: encouraging and rewarding, factors, financial markets, industry, infrastructure, methods and approaches, motivational mechanism, programs and projects, regional economy, restructuring and crisis, sector, system of motivations


Citation:
Bilchak V.S., Bilchak M.V. (2016). Development of motivational mechanisms: regional aspect. Leadership and Management, 3(3), 149-158. doi: 10.18334/lim.3.3.36535


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Abstract:

The crisis of economic development forces the use of motivational mechanisms, allowing minimizing the negative impact of these processes. The article points out and describes the factors responsible for top-managers motivation in goal achieving. We refer to a system of stimulation and rewards that affects the creation of motivational mechanism. The article also presents a system of motivation in institutions and regional economic sectors, influencing innovation development and introduction of new technologies and projects.








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