CHAPTER TWOHow to Create Incentive Plans … That Work!

Figure 2.1 represents the four components of Ownership Thinking: The Right People, The Right Education, The Right Measures, and The Right Incentives. I have not dedicated a chapter to The Right People in this book but rather talk about it throughout because, unlike the other three components that have defined strategies, The Right People is mostly an outcome of practicing Ownership Thinking. However, I do provide some feedback and advice as it relates to hiring and retaining the best people. I also suggest that you read Marcus Buckingham and Curt Coffman’s book, First, Break All the Rules. It is by far the best book I’ve read on the subject of talent: how to find it, hire it, retain it, and ...

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