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incentivization
This term is primarily used in corporate, economic, and political registers to describe the strategic design of reward systems. It carries a clinical, bureaucratic tone, often appearing in policy documents or management reports rather than in casual conversation. While "incentive" refers to the reward itself, "incentivization" refers to the systemic process of creating and implementing those rewards.
Because it is a nominalization of a verb, it can sometimes be perceived as "corporate speak" or jargon. In less formal writing, phrases such as "providing incentives" or "encouraging" are often preferred to avoid the perceived stiffness of this word.