What is the suggested role of a good company in fostering initiative?

Implementing a reward system for suggestions leading to substantial cost/time reduction

A good company is suggested to foster initiative by implementing an employee suggestion system. This system should include a mechanism to reward suggestions that result in substantial cost or time reduction. The idea is to encourage employees to actively contribute their ideas for improvements and be rewarded for the positive impact, these suggestions can have on the company's efficiency and effectiveness. It's about creating a positive environment that values and incentivizes initiative rather than discouraging it.