I have to add to my Business plan.
a. How would you identify and characterize the roles of incentives and training in promoting innovation in your organization?
b. What is the role of leadership in creating, managing, and sustaining innovation in your organization?
c. What processes are in place to foster the creation, management, and sustainment of innovation?
d. What are the ethical implications of an individual reward system? Support your answer.
e. Would you describe your organization as innovative or non-innovative? Why? Explain your answer.
Be sure to support your answers. For each of these, describe what you would change if you were in charge to transform the company to be more innovative and creative.
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According to Burack, an incentive or reward scheme and training programs are the way that attracts an employee's attention and stimulate him to work with zeal and enthusiasm (Burack, 1985). These programs lead innovations and creativity in the organization because training helps the employee to use their hidden skills and work on the concept of originality and creativity (Brewster & Harris, 2004). With the help of incentives programs for the extra ordinary performances and achieving the targets, the management stimulates the employees put their best efforts to achieve the organizational goals and targets (Mathis & Jackson, 2006).
In order to transform the performance of the company, as an in charge, I would apply the latest process and models of the training and education (Burack, 1985). The latest technological training process will help the employees to take more risk and achieve high success in the highly competitive and changing environment (Brewster & Harris, 2004).
In order to create, manage and sustain innovations in the organization, leadership is a very effective strategy. Becoming an innovative organization is not an easy task for the business organization (Sirota, Mischkind & Meltzer, 2007). Organizations should give proactive and reactive responses to these innovations and changes (Brewster & Harris, 2004). For this purpose, the leader's ...
Incentives, training, innovation, leadership, ethics, and reward systems are examined for a business plan.