Does rewarding failure with money really lead to better results by boosting innovation

Whether rewarding failure leads to innovation is a debatable matter that requires existing data to support. Normally, success is rewarded because it helps push the business agenda of a company forward. Failure, on the hand, especially where millions or even billions of dollars have been invested in only lags the business agenda behind. In the Google case study, the authors indicate how the company rewarded innovators whose innovations had failed by either giving them bonuses, promotions or just congratulatory notes (Alcacer, Sadun, Hull & Herman, 2017). There is nothing wrong with appreciating an individual’s effort, however, monetary rewards only add to the company’s losses. In other words, if rewarding a failure with money is equivalent to a company losing revenue, a company should consider rewarding failure with congratulatory notes or lunch or something that will not take a toll on the company's finances.