Annual performance reviews have been long dreaded by management and employees alike. Is it time to do away with the archaic once a year, backward-focused progress report in favor of something new?

So you're sold on innovation and want to unleash the creative forces in your organization. You can see how doing so will create new products, raise revenue, improve productivity, save company money, and lower the employee turnover rate and now you are ready to take the plunge.

But wait, hold on. Are you REALLY ready?