Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions

CIPS L5M15 Exam - Topic 1 Question 13 Discussion

Which of the following incentives encourages innovation?
A) Gainshare
B) Pain share
C) Bonus payments
D) Service credits

CIPS L5M15 Exam - Topic 1 Question 13 Discussion

Actual exam question for CIPS's L5M15 exam
Question #: 13
Topic #: 1
[All L5M15 Questions]

Which of the following incentives encourages innovation?

Show Suggested Answer Hide Answer
Suggested Answer: A

Gainshare mechanisms reward suppliers for achieving cost savings, process improvements, or innovation that benefits both parties. By sharing the gains, suppliers are motivated to propose creative solutions.


Contribute your Thoughts:

0/2000 characters
Elliot
11 hours ago
Pain share? Not sure how that encourages anything...
upvoted 0 times
...
Johnathon
6 days ago
Gainshare is definitely a strong motivator too.
upvoted 0 times
...
Georgeanna
11 days ago
I think bonus payments really drive innovation!
upvoted 0 times
...
Shelba
16 days ago
I feel like service credits are more about customer satisfaction than innovation, but I could be mixing it up with another concept.
upvoted 0 times
...
Evangelina
2 months ago
Pain share sounds familiar, but I can't recall if it actually promotes innovation or just mitigates losses.
upvoted 0 times
...
Brett
2 months ago
I remember practicing a question about incentives, and I think bonus payments were often linked to individual performance, which could drive innovation too.
upvoted 0 times
...
Ryan
2 months ago
I think gainshare might encourage innovation since it rewards collective success, but I'm not entirely sure how it compares to bonus payments.
upvoted 0 times
...

Save Cancel