Recognition Rewards are perks offered to employees for a job well done.
Loss aversion is the irrational tendency for humans to avoid losses at all costs. For example, we feel more pain from losing $100 than we do from gaining $100.
Teams with multidisciplinary skills, with everyone having deep knowledge in one area and broader skills to collaborate across the business.
Pitfalls - An innovation project is not an easy task and requires a lot of energy, time, and money. On this long path to create/launch a new product or service, several things can go wrong