You are a management team in a selected virtual organization. Your business is shifting its focus and has indicated innovation as a high priority. To integrate innovation into the culture of the company even further, an employee measurement and reward system is being developed by your team.
Access the Virtual Organization web page to select either Kudler Fine Foods, Riordan Manufacturing, or Huffman Trucking as the basis for your team assignment.
Write a business proposal. Determine how you might measure and reward employees for innovative thinking and write an informal proposal of your ideas to the organization's CEO or founder Your proposal must be at least 500 words and include the following:
Define how success will be measured.
Describe how the system will affect the hiring process.
Describe how employees will be rewarded for innovative thinking.
Describe how the system might affect financial management, investor relations, and market perceptions among shareholders.