Agile Delivery - Awards & Rewards

"We believe in agile fashion of delivery to add more value to the delivered/working product."

This sounds like having great understanding the scrum triangles like "Stakeholders => Scrum Team => Working product" OR "Product Owner => Scrum Master => Team" and execution excellence by eliminating the waste.

But is this all? May be not? What else is left out?

Come-on guys it is "Awards". If the company is really agile than all the awards should be team oriented. Which means the "The STAR", "Mr. DEPENDABLE" or any other individual awards should be stopped. If it is a failure it is for the team and if it is a success it is also for team. If any individual is performing good or bad then it is team's behaviour.

Now the question is how to recognize the good work of individual and the simple answer is "Rewards". Good work to be reflected in promotions and money.