Discuss the below:
Decenzo and Robbins (2007) in three classifications of rewards. They are intrinsic versus extrinsic rewards, financial versus nonfinancial rewards, and performance-based versus membership based rewards. What are the strengths and weaknesses associated with each type of reward? Which type of reward is most successful in the business environment and why?
Reference
Decenzo, D. A., & Robbins, S. P. (2007). Fundamentals of human resource management (9th ed.). Hoboken, New Jersey: John Wiley & Sons, Inc.