Dear Utkarsh, you have suggested fancy names like Avenger, Iron Lady, and so on. Nevertheless, if the award winner commits a major mistake, it would not only embarrass the recipient of the award but also the senior management.
In one company I have seen, for a significant error, the senior management faced ridicule from other staff members more than the recipient did for receiving such an award. On the other hand, the mistake made by this individual put the senior management in a dilemma. The situation did not warrant the withdrawal of the award, but such a mistake was not expected from the awardee either.
To avoid the above situation, some companies opt for performance-based rewards. For instance, in one factory, a worker is rewarded for producing the first 100 defect-free pieces, then 1,000, and finally 10,000. Despite receiving such awards, if a worker were to be involved in any misconduct, it would be easier to take disciplinary action against them.
Thanks,
Dinesh Divekar