Friday’s Big Idea
Today's Big Idea: Disruptive Innovation
Is innovation happening at your company? If the answer is no, then why not? Entrepreneur Jack Hidary says the problem might be in the way you incentivize your employees.
If you offer a bonus structure, for instance, that rewards day-to-day performance, you might very well find that one year from now you will be handing all of your employees a bonus check for performing the very same duties, albeit very well, that they are today.
Progress isn't made by doing the same thing over and over again. It comes from experimenting with new ideas, and Hidary says that's what you need to incentivize. If that is at least part of the reward structure at your company, the innovation that results might go beyond your wildest dreams.