The saying success breeds success is very true even for organizations. Precisely this is why sustainable success with recognitions and awards is very much essential for the psychological health of the organization.
That is why I have this success factor up in my listing even before looking into how and organisation can achieve this. I would like to use the analogy of geeting good grades in school or college to put forth my point of view.
How frequently have you come across students who haven't been doing well through out the year, but get esceptionally high grades and end up with recognitions and awards. I am sure you have found some. Have these been able to repeat similar success on a sustainable basis, year after year? Now I am quite sure that you would not find anyone!
Getting recognitions and awards on a consistent basis not only gives us a pat on the back but also reinforces our approaches and gives our brain a sense of security which in results in the increase of dopamine, a simple organic chemical in our body. Increased dopamine provides a positive feeling that is conducive for further learning and discovery.
Imagine what positive energy will be flowing around in organisations with high dopamine employees!!!
How are we going to get to this stage can be answered easily if we check out the stretch we have in our targets. Are the targets stretched enough to encourage the additional learning and discovery but easy enough to sense success, get recognized for the success and get awards. Many a times it may also be necessary to choose to participate in such events where competition is not that severe, especially at the early stage of an organization wanting to become world-class.
I will explain my though process on target setting in the Goal and Role clarity blog.
For now I want to conclude by suggesting to create an environment and set targets that are achieveable so that success can breed success.