7) Link all long-term incentives to performance goals.
In all my management classes all I have been doing is making goals before the semester begins. It is the most important tip in my eyes because without making performancing goals who knows where the company should be going. Once you make the goal "official" make sure its not out of reach and its a goal that is reachable. If you go above and beyond the goal like GE did then employees deserve incentives. Whether it goes from a pay raise, promotion, extra vacation/sick days etc. When an employee achieves a goal then they should be rewarded so they will keep it up and want to come to work and perform their tasks and meet the goals of the company.
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