I understand ESOP is the hot cake in our industry. But is money the only indicator of ownership in an organization? What about responsibility, feeling on oneness, and belonging to the organization?
A company has to provide radical freedom and fearlessness to its team. That is when they will experiment, question, and come up with magical innovation.
Materialistic incentives are temporary, and they cannot bring the best of us. What requires for the magic is the attitude of fearlessness. The belief from the top management that goes try new things, even if you fail, we have your back.