Awarding prizes

Description

Awarding prizes involves formally recognizing and rewarding individuals or groups for outstanding achievements or contributions in a specific field. This strategy incentivizes excellence, stimulates innovation, and motivates continued high performance. By publicly acknowledging merit, awarding prizes addresses issues of under-recognition, encourages best practices, and fosters healthy competition. It also raises awareness of important challenges and solutions, mobilizing broader engagement and resources towards addressing specific problems or advancing targeted goals.