To encourage an entrepreneurial spirit, you must create a culture that accepts failure. Unfortunately, most companies don’t do that. And in the absence of managerial support and proper incentives, employees are less willing to try new things. One way that companies can prevent this from happening is to reward efforts, not just outcomes. By providing rewards — both financial and non-financial — for exhibiting entrepreneurial behaviors, companies will encourage employees to take risks without the fear of failure.
Image Courtesy of Stuart Miles / FreeDigitalPhotos.net
To read the original article: To Build Innovation, You Must Reward The Effort » The Modern Observer Group - Business Coaching and Communications and Operations Consulting
