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The Oscars® and the Power of Recognition

Every year at the end of February, the world looks to the Oscars® to see who is recognized for excellence in cinematic achievement. Many actors say they don’t care about nominations or awards, but you would never know it from the Hollywood crowds who pack into the Golden Globes, the Screen Actors Guild Awards, or the granddaddy of them all, the Academy Awards.

The Academy Awards are a wonder. It’s amazing that people who have fame, wealth, connections, enviable careers, and homes in Tuscany would primp for days and then sit for hours—snack free—waiting to hear if they are a winner or a loser. Cameras pan nervous faces as people with big dreams hope to be awarded a small golden statue.

It speaks to the power of recognition—the basic human need to be understood (“you like me, right now, you like me!”) and acknowledged for what they bring to the party. Everybody wants to know that they matter. Everybody wants to believe that their work in this world makes a difference.

It begs the questions:  How do you reward excellence in your organization? Do your criteria or awards need to be updated to be relevant and meaningful? How do you create caché around your recognition for top achievers? Share your comments here or on our Facebook page or Twitter feed.

An afterword:  As you watch the best being recognized on Sunday night (while you’re hunkered down in your jammies and munching on nachos), just remember—at that moment—you have the best seat in the house and all of Hollywood wishes they were you.