Jul 14
Prizes a winning strategy for innovation? For consumers, not for employees
Posted by admin on Tuesday Jul 14, 2009 Under UncategorizedThere is a great article from McKinsey on Prizes: a winning strategy for innovation. One could agree on many points, except when it comes to employees? Giving prizes to employees for any good idea or innovation is just a way to transform them into bounty hunters or move to a “win-lost” situation where employees try to steal ideas to others, reduce their imagination at work just to concentrate on the competition…. Mayomi.com will let companies decide if they want to give prizes to their users, but it must be carefully studied when it comes to employees. Recognition from peers or management, reputation or just pride are much more powerful -and collective- drivers than money.