Resource Application: Addressing Limited Innovation

Reward: Resource for Addressing Limited Innovation
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Reward: Resource for Addressing Limited Innovation
Innovation plays a critical role in assisting individuals in adding value to their businesses and increasing profits. However, it is worth noting that without a supportive environment, innovation is practically impossible and its absence could see my organization lose out on endless and potentially transformative growth opportunities. To avoid this pitfall, leaders at my organization should consider implementing attractive reward strategies to encourage innovation. As the word name suggests, rewards are given in recognition of service, effort, or achievement. Often, rewards encourage recipients to continue striving for success. In organizational setups, they come in handy in encouraging innovation as workers aim to benefit from various rewards that recognize their innovative efforts (Darmaki et al., 2019). Nonetheless, it is worth pointing out that while rewards could be effective in encouraging innovation, their implementation could determine their success rate. For this reason, rewords that seek to improve innovation...