One of the tools used by Merck was to tie compensation to successful achievement of strategy goals. This helps keep employees motivated and driven to achieve goals.
It is the combined impact of both these elements that can help keep employees motivated and passionate about change. Another key element implemented by Merck was creating an environment in which it was acceptable to make some mistakes or to give negative feedback about projects. This kind of culture allowed bad decision’s to be identified immediately and for unsuccessful projects to be scrapped immediately before they grow bigger and become major problem for the organization. Another strategy implemented by Merck was to differentiate between initiating new projects and measures and the success of various projects and measures. This allows the organization to pick out wrong measures which may have been’ installed’ but have failed to takeoff or provide any return to the organization (Johnson and Nisita, 2009).
These are just excerpts of essays please access the order form for custom essays, research papers, term papers, thesis, dissertations, book reports and case studies.