You’ve heard it a thousand times: companies need to innovate in order to survive. The Googles and the Apples of the world are doing it- Google famously used to require employees to dedicate 20% of their time to innovation. But what exactly does it take to create a sustainable innovation program, especially if you are in an industry that is traditionally risk averse?
In the past year or so corporate innovation leaders have clearly taken an “ecosystem” perspective to their innovation activities. What this ultimately means is that they view all of their program’s activities as a connected whole and driving towards higher-level goals, often aligned with broader cultural change.
So you’re thinking of tapping your employees or customers for ideas. You’ve read some exciting crowdsourcing case studies and it seems like a no brainer. Or you’ve used a consultant but now want to go it alone? What could possibly go wrong? If you’re like a lot of first timers, you’ll get the software all set up, announce the challenge, and sit back with great expectations!
Made any New Year resolutions yet? Yes you’re right; this is another of those articles which appear at the turn of the year and encourage you to do more, be more, achieve more in the year to come. But unlike many of those article writers I don’t really care if you take up my challenge in January or July; what I do care about is that if you do take up my challenge you have the determination and staying power to carry it through.
Effective communication is at the heart of innovation: harnessing insights from customers, partners and co-workers, sharing ideas, building upon points of view, advocating and gaining support for one’s innovations all require razor sharp communication. Interestingly enough, communicating effectively is a two-way street. The sender and receiver of information are both responsible for landing it appropriately, and both sides need to actively participate. Two simple, but powerful behaviors that can help increase the efficiency of communication are listening and declaring.
Based on our work with pioneering enterprises in Silicon Valley and around the globe we have learned a great deal about what makes innovation prosper. This article reveals some surprising insights on how prepared our institutions are to successfully compete for the future.
Innovation leaders today don’t have an easy job. Tasked with bringing Innovation to their organization, they often face a variety of interpretations of innovation throughout the organization, a lack of comprehensive understanding of what innovation really entails, and what it requires to truly embed innovation in a way that it sustains itself.
You are not able to stand still in this fast paced business environment, but most of the time innovation fails. Innovation process-expert Robert Cooper shows that of every seven new product/service projects, about four enter development, 1.5 are launched, and only one succeeds. Innovation is so difficult to master, indeed. I love to share with you five reasons why innovation goes wrong and give you ten ways to reduce your failure rate of innovation.
Please, not another business imperative! Every time I open a journal or glance at a blog it seems as though the panacea to all business ills has just been discovered and is waiting for me to embrace it! One minute I’m being told to hire for cultural fit, the next to increase diversity. It’s no wonder that employee engagement is falling because if I’m being pushed from pillar to post then it’s not surprising that my people are confused……
The dictionary defines management as, “the process of dealing with or controlling things or people.” Sometimes, managers don’t understand why their team does not function cohesively. Below are five management mistakes managers don’t realize they’re making and tips to avoid these missteps.
How did a small organization kick-start a process that doubled the amount of nature in the Netherlands? Siegfried Woldhek used this four-step scaling strategy at the World Wildlife Fund to create a now-legendary example of highly creative strategies that shifted the application of resources on a massive scale.
Scott Cook, co-founder of Intuit and chair of its executive committee, talks about how a company that encourages experimentation will be guided by the best outcomes, as opposed to the whims of those with the most power and seniority. A leader’s role, Cook says, is to define the vision, set up a system of experimentation and savor the surprises.
The corporate industry is defined by its powerful, charismatic leaders who articulate their company’s innovative measures through bold and confident public announcements. If corporate culture can be likened to the backbone of a business, then the leaders are like the vocal box. They take the reins during meetings, deliver presentations and speak at a variety of different conventions and gatherings. These individuals become the face of their industry, and would surely be described as extroverts by most.
Have you ever shared new big ideas at work? What happened…? Did they give you a standing ovation? Did someone bake you a cake to celebrate? Did you get promoted? Or I am a little too optimistic?
According to a recent Gallup poll, around 31% of U.S. employees were engaged in 2014. Why are employees less engaged? Some of the blame is due to burnout at work. This burnout, characterized by severe mental and physical exhaustion, is leading to a lack of interest, reduced employee engagement and less work being accomplished. Most of the theories that have been devised in this regard suggest that the main cause is too much work and strain, but this might not be the case.