In some companies economic incentives are the de facto standard to let people push output to the max.

They are the perfect shortcut to allow people to sprint to their max until they are exhausted.

Sadly though this is not the way to let people care about the product or service you’re selling.
To do so you’d first and foremost need a product everyone in the team uses, then and only then, you’d need people who are wise enough and mature enough to understand that their work depends on the product.

And the last thing is to recognize their effort.

As usual the shortcuts aren’t really the best solution. Just shortcuts.