Tips for Approaching Rewards and Recognition Schemes

Tips for Approaching Rewards and Recognition Schemes

Rewards and recognition are often neglected in innovation strategies, but they should be a fundamental part of it. Find out what existing schemes the organization has and leverage them. Understand the culture of praise and the impact of rewards on the business and company culture. Get to know your people and tailor your rewards to different types of individuals. Make rewards personal, memorable, and tie them to your innovation strategy. Balance the type and frequency of rewards to ensure people get involved for the right reasons.

View

More Innovation Resources:

Multiple Use of the Business Model Canvas

Multiple Use of the Business Model Canvas

The Business Model Canvas can provide significant value for large organizations, yet adoption has been limited. The tool can help discover new perspectives, define needs, investigate value propositions, and more.

View
The Bleeding Edge of Innovation

The Bleeding Edge of Innovation

Key insights from the 2014 Open Innovation Conference include the importance of senior technical contributors, the value of constructing a ‘sponsor spine’, and the need to offer something in return in order to attract top talent to open innovation practices.

View
How to choose the right online brainstorming software?

How to choose the right online brainstorming software?

This article compares 8 online brainstorming tools and their features, benefits, and pricing. Each tool is best suited for different use cases and preferences.

View