BLOG ON INNOVATION AND TRANSFORMATION
Tools and strategies to innovate, solve complex issues, and transform businesses
- Innovation
- Business Transformation
- The Invincible Company
- innovation ecosystem
- Business Model
- Growth
- innovation management
- Explore portfolio
- Leadership
- Book
- Change
- Strategy
- Employee Engagement
- Culture
- transformative
- Value Proposition Design
- Strategic Guidance
- Experimentation
- Executive
- Portfolio Management
- innovation
- Purpose
- efficiency
- Product Development
- Portfolio Map
- writing
- sustaining
- Customer
- Sustainability
- Workplace
- Design Thinking
- Value Proposition Canvas
- Case study
- Corporate
- Agile
- Innovation metrics
- Question
- Trends
- Tools
- Business Design
- Hypothesis
- Organisational design
- Execution metrics
- bias
- Culture Map
- Strategy canvas
- Failure
- Testing
- Facilitation
- crisis
- Empiricism
- Discovery
- ROI
- Hackathon
- Operating Model
- Vision
- Disruption
- Investment
- Uncertainty
- Innovation sprint
- Coaching
- Shareholder Value
- Digital
- Long-term Thinking
- incentives
- Shift patterns
- Workshop
- Design Principles
- Shift pattern
- Thinkers50
- Talent
- Trust
- Value Creation
- Blue ocean strategy
- Fear
- Entrepreneurship
- Humane
- Scaling
- Corporate Rebels
- strategy
- Career
- Invent patterns
- Startup
Should you incentivise employees to innovate?
We’ve learnt from surveying employees in large organisations in all types of industries that the biggest blockers to innovation from their perspective is always the same: the lack of a proper incentives and rewards system.
In this blogpost I propose an approach to “incentivise” employees to innovate that goes beyond the narrow scope of financial rewards and also focuses on:
Removing the underlying blockers for employees to innovate,
Helping them connect to their intrinsic motivation,
Accessing financial and non-financial rewards adapted to corporate innovation.