Do You Reward Risk-Taking?

Tucker, Robert
June 2006
Leadership Excellence Essentials;Jun2006, Vol. 23 Issue 6, p10
The article focuses on the importance of rewards to an organization. Information on an initiative launched by Whirlpool Corp. to develop a core competency in innovation is presented. The principle needed when it comes to changing people's behavior is discussed. The article emphasizes the importance of recognition as the most reliable reward of all.


Related Articles

  • How to Build Your Business Case for Outsourcing. Flannery, Thomas P.; Heckathorn, Larry // Benefits Quarterly;2003 Third Quarter, Vol. 19 Issue 3, p7 

    Outsourcing has become a powerful tool for organizations seeking to save money, enhance service and focus on core competencies. However, the increasing complexities of human resource programs and processes mean that advance work is needed to ensure outsourcing's success. In this article, the...

  • Growing Champions. Patterson, John R.; Bell, Chip R. // Leadership Excellence Essentials;Nov2009, Vol. 26 Issue 11, p15 

    The article describes the five habits of leaders who grow champions. It mentions characters who supported and sought the best in others. The philosophy used by growing champions is cited. The habits of champion-growers include focusing more on the outcome of the efforts, making someone feel...

  • Risky business. Sparrow, Stephanie // Personnel Today;10/16/2007, p12 

    The article discusses how human resource department can help in developing a core competence of entrepreneurship. According to a recent survey by business consultancy McKinney Rogers, most of the chief executives and business leaders believe that entrepreneurship can be developed, because it is...

  • A STUDY ON THE RELATIONSHIP BETWEEN HUMAN RESOURCE MANAGEMENT STRATEGIES AND CORE COMPETENCIES. Hsiu-Chuan Lin; Yen-Duen Lee; Chein Tai // International Journal of Organizational Innovation;Winter2012, Vol. 4 Issue 3, p153 

    With the arrival of the knowledge economy era, the accumulation of staff knowledge, experiences, and skills can be considered the foundation of a corporation's core competencies. This research explores the influence of a corporation's human resource management strategies on its core competencies...

  • Compensation, Culture, and Motivation: A Systems Perspective. Cummings, Larry L. // Organizational Dynamics;Winter84, Vol. 12 Issue 3, p33 

    This article discusses the compensation in the context of motivating executives against a background provided by an organization's culture and other influences on executive motivation. The issues of competency development, appraisal and decision styles lead salary changes. It is important to...

  • COMPETENCES OF HUMAN RESOURCES MANAGEMENT: EXPECTATIONS AND REALITY. Llobanova, Liudmila; Ppalekaitė, Airina; Rradzevičiūtė, Justė // Ekonomika / Economics;2009, Vol. 86, p22 

    The competence of human resources specialists becomes more important nowadays due to the knowledge-based development of society and economics. It affects not only the quality of their own work, but also the efficiency, capacity and motivation of all the employees in an organization. The article...

  • When Leaders Really Walk the Talk: Making Strategy Work Through People. Galpin, Timothy J. // Human Resource Planning;1998, Vol. 21 Issue 3, p38 

    Growth has returned to the forefront of competitive thought for shaping commerce into the next millennium. Yet, many business leaders would argue that growth never left the collective corporate consciousness. They contend that the downsizing and cost cutting of the early 1990s were done to...

  • An Assessment of Cap Gemini's Cross-Border Merger With Ernst & Young Consulting. Maihotra, Ayesha; Pierroutsakos, Alex // Multinational Business Review (St. Louis University);Summer2005, Vol. 13 Issue 2, p107 

    Cross-border mergers are rising in number and scope even though, on average, firms do not profit from them. In this article, we use interviews and secondary data to assess a historic merger between two global consulting giants - Cap Gemini and Ernst & Young Consulting. The two firms had...

  • Human Resource Strategy: A Tool of Managing Change for Organizational Excellence. Kalyani, Muna; Sahoo, Mahima Prakashan // International Journal of Business & Management;Aug2011, Vol. 6 Issue 8, p280 

    Organizational excellence is at a crossroads today. The drastic change in the business scenario call for a speedy transformation of mission, vision, core values, core competence, management style, policy framework, management system, structures, process, renewal mechanism etc. of organization....


Other Topics