Which type of reward is most successful in the business environment and why?

1. Ch. 11 of Fundamentals of Human Resource Management discusses 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?  Remember to use a specific workplace example to illustrate your position.

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