Personally, I would
reward innovation not lame incremental improvements.
Not exact matches
Leadership that
rewards only short - term results does
not create an environment where creativity and
innovation can thrive.
What's more, customers who spend a lot of time coming up with
innovations are going to be mad if you
reward their idea but don't implement it.
Other companies with world - class R&D groups built radical
innovations only to see their company fumble the future and others reap the
rewards (think of Xerox and the personal computer, Fairchild and integrated circuits, Kodak and digital photography, etc.) Common themes in these failures were, 1) without a direct connection to the customer advanced R&D groups built products without understanding user needs, and 2) the core of the company was so focused on execution of current products that it couldn't see that the future didn't look like the past.
It is a hard concept to explain precisely and to quantify, but the idea of differing levels of social capital helps explain why, for example, French entrepreneurs (
not to mention Indian, Chinese, Mexican and Nigerian) are more likely to create successful tech startups in the US or the UK than at home, or why it is easier to start a business in Sidney than in Beijing, or why technological
innovation is
not evenly spread out among countries, even among countries at similar development levels, but rather tends to cluster in a few areas in a few countries where tech entrepreneurs seem to believe that their work is made easier and the
rewards greater.
As associate professor and first - author Johan Bollen writes in an e-mail to Science Careers, they wanted their new system to «enable scientists to set their own priorities, fund scientists...
not projects, avoid proposal writing and reviewing, avoid administrative burdens, encourage all scientists to participate collectively in the definition of scientific priorities, encourage
innovation,
reward scientists that make significant contributions to data, software, methods, and systems, avoid funding death spirals (no funding - > no research - > no funding) but still
reward high levels of productivity, create the proper incentives for scholarly communication (publishing to communicate,
not to improve bibliometrics), enable funding of daring and risky research, and so on.»
Above all else, employees rank
innovations that allow them to make a positive, real impact in the world —
not compensation, retirement benefits, or career advancement — as the biggest
reward of working in biotech and pharmaceuticals.
«Regardless of which theory proves correct, the goal is the same — to reduce carbon emissions, we need
innovation in the private sector;
not excessive government regulation to stifle some industries while
rewarding others.
But solid STEM education bumps up against other staples of the school system, such as AP requirements or pacing guides, that do
not reward or support
innovation.
Creativity,
innovation, tenacity, steely nerves and a move towards a strategic approach to procurement,
not merely tactical, will bring the
rewards and value much - needed.
Business leaders, like education leaders, are acutely aware of what this could mean for the future of our country: Young people might be unprepared for
rewarding jobs and the demands of informed citizenship, businesses may
not find the talent they need to keep innovating, and the economy may stagnate with too little
innovation.
Although many postsecondary faculty members remarked on the effectiveness of the professional development provided in these studies, it was also noted that the traditional university
reward system does
not generally recognize
innovation in classroom instruction (Wedman & Diggs, 2001).
While this
innovation to the Marriott
Rewards program (if it gets rolled out) won't be particularly beneficial to me, I can see it being very popular with a large number of Marriott's business clientele.
They won't always make sense or be overwhelmingly successful, but
innovation can be its own
reward.
«The challenge I gave the team was to make it possible for LBP to be a free to play downloadable service,
not a product, and with a mechanism for monetizing user generated content that would allow the best creators to be to
rewarded in some way for their for the
innovation,» Harrison told GameIndustry.biz (registration required for full article).
Our goal must be to put into place a system that
not only recognises the true price of emissions and so incentivises their lowering over time, but also
rewards innovation and early action.
They are also students who will eschew the brass ring for employment with the new breed of in - house departments that
not only
reward but also celebrate technological
innovation.
I know that this will raise a howl of denial from many senior members of the profession but the
reward structure for law students is generally
not focused on
innovation.
The patent system is supposed to
reward innovation that we wouldn't have without the incentive of a patent.
Creativity and
innovation are
not only valued — but properly funded and
rewarded.
This left many feeling
innovation was
not genuinely supported or
rewarded, and the time spent developing their program models could have been put to other uses.