Recognition a Viable Strategy for Fostering Innovation in the Workplace, says Executive Briefing From Madison Performance Group

NEW YORK, Aug. 19 /PRNewswire-USNewswire/ -- Companies leveraging new ideas and innovation will be able to distinguish themselves from competitors in the global marketplace. No longer the purview of only Research & Development departments, innovation may spring from any employee – especially when they are encouraged and motivated by management, says the new Performance Perspectives executive briefing, released today by Madison Performance Group.

"In companies with innovative environments, employees feel management is open to new ideas and experimentation. These companies understand that new strategic ideas come from all levels of an organization," says Mike Ryan, Senior Vice President of Madison Performance Group, a premier global reward and recognition design and consulting firm.

Research shows, according to the Madison briefing, that innovators flourish at workplaces where employees are rewarded for idea development.

"Companies that give positive attention to new ideas demonstrate to employees that it's okay to experiment and develop new ideas – even if they aren't 'perfect' the first time around," adds Ryan. "In fact, showering positive attention on new ideas is considered a best practice at innovative companies. And because innovation is often a project-based activity, the simple recognition of a new idea by a manager can kick start its adoption into a firm's work processes."

The new electronic version of Madison Performance Group's executive briefing, Performance Perspectives, offers three ideas for igniting innovation in the workplace.

To receive a copy of Performance Perspectives, e-mail Mike Ryan at [email protected].

About Madison Performance Group

Headquartered in New York but global in its reach, Madison specializes in web-based reward and recognition programs that translate corporate goals into individual action. Their customer-centric design approach incorporates a sponsoring company's processes, preferences, and brand parameters into a customized solution without limits or compromise.  Their network of in-country award partners covers over 90 countries, and their next generation tools provide the flexibility planning teams need and the control financial executives demand.

Learn more at http://www.madisonpg.com or contact Mike Ryan at 201.934.4269.

Media Contact: Sue Voyles, Logos Communications

(734) 667-2005 / [email protected]

SOURCE Madison Performance Group