incentive scheme vs strategy

incentive scheme and strategy both are nouns.

Word	Noun	Adjective	Verb	Adverb
incentive scheme	Yes	No	No	No
strategy	Yes	No	No	No

As nouns, strategy is a hypernym of incentive scheme; that is, strategy is a word with a broader meaning than incentive scheme:

incentive scheme: a formal scheme for inducing someone (as employees) to do something
strategy: an elaborate and systematic plan of action

Other hypernyms of incentive scheme include scheme.

incentive scheme (noun)	strategy (noun)
a formal scheme for inducing someone (as employees) to do something	an elaborate and systematic plan of action
	the branch of military science dealing with military command and the planning and conduct of a war