Automotive industry supplier Magna International Incorporated has a keen focus on cultivating the creative potential of its work force. Its strategy to foster the entrepreneurial spirit is relatively simple: Each division within the $6 billion-plus multinational firm operates as a separate "Automotive Systems Corporation" with its own profit centre. According to Magna's corporate constitution, 10% of before-tax profits are allocated to employees, and up to 6% may be distributed to senior manager...

BPIR Categories

8.2.2 Create an environment for empowerment/innovation
9.5.4 Develop & manage base & variable compensation

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