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On Cash and Praise: How We Reward Innovation
(This post originally appeared on Forward Metrics) A good friend of mine works for a high-tech company in Massachusetts. Recently, the company’s new CEO, an avid fitness buff, has introduced an...
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Can Money Buy Innovation?
(This post originally appeared on Innovation Excellence) Even in our money-driven society, the power of money has limits: there are certain things money can’t buy. Love and happiness come to mind...
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New Survey: Incentivizing Employees to Innovate
(This post originally appeared on Innovation Excellence) More and more businesses view innovation as a new paradigm for achieving competitive advantage. Now businesses must focus on how to make the...
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Investing in culture of innovation
Everyone would agree that the rational risk-taking–and acceptance of failure as a likely outcome of any exploratory project–represents one of the most crucial components of the bona fide culture of...
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Don’t Fire Me: I’m Innovating
It is election season here in the United States, and the stump speech–a standard, boring and short on substance pitch delivered by the acting and aspiring (and often uninspiring) politicians–is back...
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Innovate today, get paid tomorrow
Theoretical analysis conducted by Gustavo Manso in 2011 suggests that the optimal incentives motivating employees to innovate must include a combination of tolerance for failures in the short term and...
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