Silicon Valley Approach to Gain Sharing

Gain Sharing makes technical people greedy as a result, people won't waste their time on ideas that can't be commercialized... More

 

Innovative Value

Radical Innovation

Radical Project Management (RPM)

 

 

 

Intel

At Intel, rewards are clearly linked to performance. About half of pay is tied to company and/or divisional performance, and more than 70% of employees have rights to purchase stock options. The way Intel management sums this up is, The reward system reinforces the company's high expectations of its employees to grow, learn, innovate, and lead.

 

 

 

IDEO

IDEO's compensation is very competitive. They have a profit-sharing bonus, which is based on company profitability as well as on a specific studio's profitability. IDEO Ventures offers additional reward opportunities. The company work on so much great stuff that succeeds in the marketplace that it  makes sense for them sometimes to invest in their clients. They could put money in if it's a startup or they could negotiate a royalty agreement with a more established company on that product. An employee of IDEO receives X number of points in any venture fund that opens after his or her start date.

 

The Art of Innovation

IDEO's 6 Innovation Practice Tips

Hot Studio System

Fun Culture

Keep Eyes Open for Inspiration

Cross-pollination Tips

Trend Spotting Tips

Tom Kelley Quotes

 

 

IDEO Tom Kelley creativity innovation quotes

Create hot teams. A hot team is infused with purpose, personality, and a great passion about doing great things or projects together.

Tom Kelley

IDEO

 

 

GE

GE used to reward success in an unusual way. If an executive and his or her team exceeded their objectives they were challenged, the next year, to meet tougher goals with fewer resources and smaller budget. Those who experienced this hard practical school have learned how to achieve more with less.

 

 

Jack Welch advice business quotes

Rewards for the soul need to be accompanied by rewards for the wallet.

Jack Welch

GE

 

 

Fidelity Investments

At Fidelity Investments commitment to Kaizen (a continuous improvement mindset and strategy) is reflected in its performance management and compensation systems... More

 

Financial Innovation

Innovative Financial Services

Disruptive Financial Services

 

 

 

Monsanto

At Monsanto, reward systems focus on growth and instill a sense of ownership in the corporation. Monsanto granted stock option to many employees. Economic Value Added (EVA) was adopted as the primary measure of financial performance. Incentive plans are tied to EVA. Employees have had a portion of their incentive converted into option... More

 

 

 

Dell

"We decided to reward employees around a matrix of Return on Invested Capital (ROIC), and growth; higher performance directly correlated to higher ROIC, which came back in the form of higher compensation," says Michael Dell, Founder of Dell Inc... More

 

Dell: Fast-Paced Flexible Culture

Culture of Owners

Customer-focused Culture

 

 

Michael Dell advice

You need to engender a sense of personal investment in all your employees which comes down to three things: responsibility, accountability, and shared success.

Michael Dell

Dell Inc.

 

Konosuke Matsushita advice quotes

By paying more attention to employees' strengths, you would be more likely to think of ways to put those strengths to good use

Konosuke Matsushita

Panasonic

 

Sam Walton's rules for buiding a great business

A paycheck and a stock option will buy one kind of loyalty. But all of us like to be told how much somebody appreciates what we do for them. Well-chosen, sincere words of praise are priceless.

Sam Walton